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The Green New Deal Is a Dangerous Fantasy

The Green New Deal Is a Dangerous Fantasy

by Dan Mitchell | Jan 21, 2019 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements

If nothing else, Alexandria Ocasio-Cortez gives me a lot to write about…and to laugh about. I recently pontificated about her crazy idea to impose a top tax rate of 70 percent, which would reverse the very successful experiment we had in the 1980s (and presumably have...
House Democrats Threaten Workers and Competitiveness with a Higher Corporate Income Tax Rate

House Democrats Threaten Workers and Competitiveness with a Higher Corporate Income Tax Rate

by Dan Mitchell | Jan 13, 2019 | Blogs, Economics, Taxation

There were several good features of the 2017 tax bill, including limitations on the state and local tax deduction. But the 21 percent corporate tax rate was the unquestioned crown jewel of the Tax Cut and Jobs Act. The U.S. system had become extremely...
Alexandria Ocasio-Cortez’s Fiscal Plan Will Lead to Giant Tax Hikes on Middle-Class and Lower-Income Americans

Alexandria Ocasio-Cortez’s Fiscal Plan Will Lead to Giant Tax Hikes on Middle-Class and Lower-Income Americans

by Dan Mitchell | Jan 11, 2019 | Big Government, Blogs, Taxation, Welfare and Entitlements

Bernie Sanders is yesterday’s news. Yes, he’s still lovable ol’ Crazy Bernie, but he’s now being overshadowed by Congresswoman Alexandria Ocasio-Cortez, another out-of-the-closet socialist who somehow thinks America should be more like Greece or Venezuela. Brian Riedl...
Trudeau’s Class-Warfare Tax Hike Produces Less Revenue

Trudeau’s Class-Warfare Tax Hike Produces Less Revenue

by Dan Mitchell | Jan 8, 2019 | Blogs, Taxation

I wrote yesterday about a handful of strange legal developments in Canada. In a display of balance, however, I noted in my conclusion that Canada in recent decades has been “very sensible” with regard to economic issues (spending restraint, welfare reform, corporate...
The Green New Deal Is a Dangerous Fantasy

The Adverse Consequences of a 70-Percent Top Tax Rate on Households

by Dan Mitchell | Jan 6, 2019 | Blogs, Taxation

She’s not quite as bad as Matt Yglesias, who wants a top tax rate of 90 percent (a rate that Crazy Bernie also likes), but Congresswoman Alexandria Ocasio-Cortez is not bashful about wanting to use the coercive power of government to take much larger shares of what...
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