by Dan Mitchell | Sep 4, 2020 | Blogs, Taxation
There are two reasons why I generally don’t write much about government debt. First, red ink is not desirable, but it’s mostly just the symptom of the far more important problem of excessive government spending. Second, our friends on the left periodically try to push...
by Dan Mitchell | Aug 12, 2020 | Blogs, Taxation
Speculating about tax policy in 2021, with Washington potentially being controlling by Joe Biden, Chuck Schumer, and Nancy Pelosi, there are four points to consider. The bad news is that Joe Biden has endorsed a wide range of punitive tax increases. The good news is...
by Dan Mitchell | Jul 30, 2020 | Big Government, Blogs, Economics, Government Spending, Taxation
Because of changing demographics and poorly designed entitlement programs, the burden of government spending in the United States (in the absence of genuine reform) is going to increase dramatically over the next few decades. That bad outlook will get even worse...
by Dan Mitchell | Jul 22, 2020 | Blogs, Tax Competition, Taxation
New York is ranked dead last for fiscal policy according to Freedom in the 50 States. But it’s not the worst state, at least according to the Tax Foundation, which calculates that the Empire State is ranked #49 in the latest edition of the State Business Tax Climate...
by Dan Mitchell | Jun 28, 2020 | Blogs, Economics, Taxation
The good news is that Joe Biden has not embraced many of Bernie Sanders’ worst tax ideas, such as imposing a wealth tax or hiking the top income tax rate to 52 percent.. The bad news is that he nonetheless is supporting a wide range of punitive tax increases....
