by Dan Mitchell | Mar 2, 2024 | Big Government, Blogs, Bureaucracy, States
America’s big national challenge with retirement income is a deeply indebted Social Security system. There’s also a significant problem at the state level, where many governors and state legislators have made extravagant promises of lavish retirement...
by Dan Mitchell | Feb 14, 2024 | Blogs, States, Tax Competition, Taxation
Inflation is having an effect on everything, even policy analysis. Back in 2013, I wrote that Phil Mickelson was “California’s One-Man Laffer Curve” because he wanted to escape the Golden State to save about $1.2 million per year in taxes. But now, when a...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
by Dan Mitchell | Jan 29, 2024 | Big Government, Blogs, Government Spending, States, Taxation
The good news is that Louisiana voters recently voted to lower their state’s top income tax rate. The bad news is that Louisiana’s economic policy still leaves much to be desired. Ranked #40 by the Tax Foundation. Ranked #26 by the Fraser...
by Dan Mitchell | Jan 24, 2024 | Blogs, States, Tax Competition, Taxation
Almost exactly one year ago, I wrote a column about a coordinated effort to impose class-warfare tax increases in seven left-wing states. Fortunately, that effort fizzled. Meanwhile, there was continued progress in other states to lower tax rates. The net...
