by Dan Mitchell | Jan 13, 2022 | Big Government, Blogs, Government Spending, Taxation
As part of a recent discussion with Gene Tunny in Australia, I explained why I support “Starve the Beast,” which means keeping taxes as low as possible to help achieve the goal of spending restraint. The premise of Starve the Beast is very simple. Politicians like to...
by Dan Mitchell | Jan 12, 2022 | Blogs, Taxation
I wrote back in 2012 that California voters opted for “slow-motion economic suicide” by voting to raise the state’s top income tax rate to 13.3 percent. Sure enough, having the nation’s highest state income tax rate has been bad news. More and...
by Dan Mitchell | Dec 15, 2021 | Big Government, Blogs, Government Spending, Taxation
The fight over President Biden’s budget, the so-called Build Back Better plan, has revolved around very important issues. The adverse impact of expanding the welfare state, particularly the per-child handouts.The anti-growth...
by Dan Mitchell | Dec 6, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Regarding fiscal policy, almost everyone’s attention is focused on Biden’s growth-sapping plan to increase the burden of taxes and spending. People are right to be concerned. If the President’s plan is approved, the already-grim fiscal outlook for...
by Dan Mitchell | Dec 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Earlier this year, extrapolating from a study by the nonpartisan Congressional Budget Office, Robert O’Quinn (former Chief Economist at the Department of Labor) and I authored a study on the economic impact of Biden’s fiscal plan. The results...
