Tag Archives : tax increase
Continued Spending Restraint Can Quickly Balance the Budget
New CBO numbers show remarkably simple path to balanced budget – and with no tax increases.
read more...Obama’s Class-Warfare Tax Plan Targets the So-Called Rich, but Workers Will Bear the Burden
The President’s desired taxes on capital will hit more than just the rich, and might even lose revenue.
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The Stupid Party Strikes Again: GOP Flirts with Gas Tax Hike
Can Republicans really be this stupid?
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The Left Is Salivating for a New Energy Tax on American Consumers
Obama’s former Chief Economist wants an energy tax, but at least he’s honest about what he wants to do with the revenue.
read more...What’s a “Fair Share” for Upper-Income Taxpayers?
Soak the rich? They’re already drenched.
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Does Jeb Bush’s Support For Higher Taxes Make Him More Fiscally Conservative Than Paul Ryan?
Is Dan Mitchell a Jeb Bush-style squish on taxes?
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Faced with Ebola Crisis, World Health Organization Decides to…Have a Moscow Conference to Push Global Tax Rules for Tobacco
The United Nations is not nearly as bad as other international bureaucracies such as the Organization for Economic Cooperation and Development or the International Monetary Fund. But that’s because the U.N. tends to be completely ineffective. So even when the bureaucrats push for bad policy, they don’t have much ability to move the ball in the wrong direction. But […]
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The OECD’s Scheme to Raise Tax Burdens on Workers, Consumers, and Investors
People pay every single penny of tax that politicians impose on corporations. The investors that own companies obviously pay (more than one time!) when governments tax profits. The workers employed by companies obviously pay, both directly and indirectly, because of corporate income tax. And consumers also bear a burden thanks to business taxes that lead to […]
read more...The Punitive Economic Cost of Class-Warfare Taxation
I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax rates boost GDP. Other economists found lower tax rates boost job creation, savings, […]
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The IMF’s Continuous – and Destructive – Love Affair with Higher Taxes
Since I’m an economist, I generally support competition. But it’s time to admit that competition isn’t always a good idea. Particularly when international bureaucracies compete to see which one can promote the most-destructive pro-tax policies. For instance, I noted early last year that the bureaucrats at the Organization for Economic Cooperation and Development (OECD) were pushing a […]
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