by Dan Mitchell | Jul 27, 2017 | Big Government, Blogs, Taxation
It’s depressing to see how Republicans are bungling the Obamacare issue. But it’s also understandable since it’s politically difficult to reduce handouts once people get hooked on the heroin of government dependency (a point I made even before Obamacare was enacted)....
by Andrew F. Quinlan | Jun 28, 2017 | Opinion and Commentary
Originally published by Investor’s Business Daily on June 26, 2017. Republicans have struggled to put together a tax reform plan with enough support to pass Congress. The major hang-up is their self-imposed need to find revenue offsets to “pay for” the...
by Brian Garst | Jun 14, 2017 | Big Government, Blogs, Tax Competition, Taxation
House Ways and Means Committee Chairman Kevin Brady, in response to strong opposition to his proposed border-adjustment tax, is now proposing a phase-in over 5 years. While this could satisfy those whose opposition was due merely to a fear of dramatic change to the...
by Dan Mitchell | Jun 5, 2017 | Blogs, Economics, States, Taxation
The federal income tax is corrosive and destructive. It’s almost as if a group of malicious people decided to deliberately design a system that imposes maximum damage while also allowing the most corruption. The economic damage is not only the result of high tax rates...
by Dan Mitchell | Apr 29, 2017 | Blogs, Economics, Taxation
If I had to pick my least-favorite tax loophole, the economist part of my brain would select the healthcare exclusion. After all, that special preference creates a destructive incentive for over-insurance and contributes (along with Medicare, Medicaid, Obamacare, etc)...
