by Dan Mitchell | Oct 13, 2021 | Blogs, Economics, Supply Side, Taxation
Reducing the corporate tax rate from 35 percent to 21 percent was the crown jewel of Trump’s 2017 Tax Cut and Jobs Act (TCJA). It was good for workers since a lower rate means more investment, which translates to increased productivity...
by Dan Mitchell | Jul 18, 2021 | Blogs, States, Tax Competition, Taxation
The best news of 2021 almost surely is the big expansion of school choice in several states. That’s a great development, especially for poor and minority families. But there’s another positive trend at the state level. As indicated...
by Dan Mitchell | Jul 2, 2021 | Economics, Supply Side, Taxation
Almost everybody (even, apparently, Paul Krugman) agrees that you don’t want to be on the downward-sloping part of the Laffer Curve. That’s where higher tax rates do so much economic damage that government collects even less revenue. But I would argue...
by Dan Mitchell | Jun 20, 2021 | Blogs, Economics, Supply Side, Taxation
When studying the economic of taxation, one of the most important lessons is that there should be low marginal tax rates on work, saving, investment, and entrepreneurship. That’s also the core message of this video from Prof. John Cochrane. I...
by Dan Mitchell | Apr 30, 2021 | Blogs, Economics, Free Market, Supply Side
If nothing else, Biden’s big-government agenda is triggering a debate about fundamental issues, such as whether it’s a good idea to make America’s economy more like Singapore or more like Italy. In making the case for the Italian approach of higher...
