by Dan Mitchell | Oct 4, 2021 | Blogs, Taxation
There are lots of reasons (here are five of them) to dislike the version of the Biden tax hike that was approved by the tax-writing committee in the House of Representatives. From an economic perspective, it is bad for prosperity to penalize work,...
by Dan Mitchell | Sep 24, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
More than 12 years ago, I shared this video containing lots of data and research on the negative relationship between government spending and economic performance. Since then, I’ve share numerous additional studies showing that bigger government dampens...
by Dan Mitchell | Sep 17, 2021 | Big Government, Blogs, Economics, Taxation
The Biden Administration’s approach to tax policy is awful, as documented here, here, here, and here. We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means...
by Dan Mitchell | Sep 14, 2021 | Blogs, Taxation
When I discuss class-warfare tax policy, I want people to understand deadweight loss, which is the term for the economic output that is lost when high tax rates discourage work, saving, investment, and entrepreneurship. And I especially want them to understand...
by Dan Mitchell | Sep 7, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
The great Margaret Thatcher famously observed that the problem with socialism is that governments eventually “run out of other people’s money.” But they can do a lot of damage before they reach that point. We know from U.S. experience that Republicans...
