by Dan Mitchell | Apr 29, 2017 | Blogs, Economics, Taxation
If I had to pick my least-favorite tax loophole, the economist part of my brain would select the healthcare exclusion. After all, that special preference creates a destructive incentive for over-insurance and contributes (along with Medicare, Medicaid, Obamacare, etc)...
by Dan Mitchell | Apr 20, 2017 | Big Government, Blogs, Bureaucracy
When I write about poorly designed entitlement programs, I will warn about America’s Greek future. Simply stated, we will suffer the same chaos and disarray now plaguing Greece if we don’t engage in serious reform. Ideally sooner rather than later. But when I write...
by Dan Mitchell | Apr 9, 2017 | Blogs, Tax Competition, Taxation
To pick the state with the best tax policy, the first step is to identify the ones with no income tax and then look at other variables to determine which one deserves the top ranking. For what it’s worth, I put South Dakota at the top. Picking the state with the worst...
by Dan Mitchell | Mar 8, 2017 | Big Government, Blogs, Taxation
Once of the reasons that tax increases in Washington are such a bad idea (and one of the reasons why a value-added tax is an especially bad idea) is that the prospect of additional tax revenue kills any possibility of genuine entitlement reform. Simply stated,...
by Dan Mitchell | Jan 15, 2017 | Big Government, Blogs, Welfare and Entitlements
Which state gets the biggest share of its budget from the federal government? Is it California, the left’s bizarre alternative universe? Is it Illinois, the poster child for big-government excess? Nope, not even close. As a matter of fact, those two jurisdictions are...
