by Dan Mitchell | Sep 2, 2017 | Blogs, Taxation
Why were the Reagan tax cuts so successful? Why did the economy rebound so dramatically from the malaise of the 1970s? The easy answer is that we got better tax policy, especially lower marginal tax rates on personal and business income. Those lower rates reduced the...
by Dan Mitchell | Aug 16, 2017 | Big Government, Blogs, Economics, Government Spending, Keynesian, Supply Side, Taxation
To be blunt, Republicans are heading in the wrong direction on fiscal policy. They have full control of the executive and legislative branches, but instead of using their power to promote Reaganomics, it looks like we’re getting a reincarnation of the big-government...
by Dan Mitchell | Jul 14, 2017 | Blogs, Economics
Supply-side economics is simply the common-sense notion that people respond to incentives, though some folks think this elementary observation is “voodoo economics” or “trickle-down economics.” If you want a wonkish definition of supply-side economics, it is the...
by Dan Mitchell | Jun 17, 2017 | Blogs, Tax Competition, Taxation
Whenever I debate my left-wing friends on tax policy, they routinely assert that taxes don’t matter. They argue that we don’t have to worry about the Laffer Curve because high tax rates don’t discourage taxable income. They argue that we don’t have to worry about...
by Dan Mitchell | Mar 11, 2017 | Blogs, Economics, Taxation
What’s the right way to define good tax policy? There are several possible answers to that question, including the all-important observation that the goal should be to only collect the amount of revenue needed to finance the legitimate functions of government, and not...
