by Dan Mitchell | Mar 30, 2017 | Blogs, Taxation
There are many powerful arguments for junking the internal revenue code and replacing it with a simple and fair flat tax. It is good to have lower tax rates in order to encourage more productive behavior. It is good to get rid of double taxation in order to enable...
by Andrew F. Quinlan | Mar 16, 2017 | Opinion and Commentary
Originally published by Washington Examiner on March 2, 2017. With President Trump in office and Republicans in full control of Congress, the prospects for major reforms to the tax code are the highest they’ve been since the Reagan era. Reform might not only...
by Dan Mitchell | Mar 13, 2017 | Blogs, Economics, Taxation
We have passed the 50th full day of the Trump Presidency. In that span of time, we’ve had lots of political wrangling between Trump and the media. We’ve been introduced to the concept of the “Deep State” (yes, there is a permanent bureaucracy that acts to protect its...
by Dan Mitchell | Feb 25, 2017 | Blogs, Economics, Laffer Curve, Taxation
For more than 30 years, I’ve been trying to educate my leftist friends about supply-side economics and the Laffer Curve. Why is it so hard for them to recognize, I endlessly wonder, that when you tax something, you get less of it? And why don’t they realize that when...
by Dan Mitchell | Feb 21, 2017 | Blogs, Taxation
As part of an otherwise very good tax reform plan, House Republicans have proposed to modify the corporate income tax so that it becomes a “destination-based cash-flow tax.” For those not familiar with wonky inside-the-beltway tax terminology, there are three main...
