Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

by Dan Mitchell | Apr 1, 2021 | Blogs, Taxation

I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy. Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big...

Bigger Government Will Reduce Living Standards According to New CBO Research

by Dan Mitchell | Mar 23, 2021 | Big Government, Blogs

I’ve been warning that the United States should not copy Europe’s fiscal policy, largely because living standards are significantly lower in nations with large welfare states. That’s true if you look at average levels of consumption in...

What Biden’s Corporate Tax Increase Means for American Competitiveness

by Dan Mitchell | Mar 17, 2021 | Blogs, Taxation

Thanks to globalization (as opposed to globalism), jobs and investment are now very mobile. This means the costs of bad policy are higher than ever before, and it also means the benefits of good policy are higher than ever before. Which is why it’s very...

Biden and the OECD Pushing “Global Minimum Tax” to Increase Business Tax Burdens

by Dan Mitchell | Mar 16, 2021 | Blogs, Tax Competition, Taxation

For the past couple of decades, I’ve been warning (over and over and over and over again) that politicians want to curtail tax competition so that it will be easier for them to increase tax burdens....

Boris Johnson’s Fiscal Policy: Politics over Prudence

by Dan Mitchell | Mar 5, 2021 | Taxation

Two years ago, I wrote about how two former Prime Ministers in the United Kingdom, David Cameron and Theresa May, did a very good job of restraining spending. On average, spending increased by only 1.8 percent per year last decade, which helped to...