by Dan Mitchell | Aug 20, 2024 | Blogs, Economics, Taxation
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to...
by Dan Mitchell | Aug 8, 2024 | Blogs, States, Taxation
Writing about Mitt Romney’s selection of Paul Ryan in 2012, I opined that, “…it probably means nothing. I don’t think there’s been an election in my lifetime that was impacted by the second person on a presidential ticket.” I feel the same way about Tim Walz, who is...
by Dan Mitchell | Jul 31, 2024 | Big Government, Blogs, Taxation
If Joe Biden and Kamala Harris proposed to give taxpayer funds to pro-tax, pro-spending groups like the Center for American Progress or the Center on Budget and Policy Priorities, Republicans presumably would argue against handouts. After all, why...
by Dan Mitchell | Jul 23, 2024 | Blogs, Tax Competition, Taxation
I wrote a couple of days ago about the possibility of confiscatory taxes in France and whether that would lead to an exodus of upper-income taxpayer. Since that’s happened before, it’s very realistic to think it will happen again. Now let’s...
by Dan Mitchell | Jul 21, 2024 | Blogs, Taxation
Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t...
