by Dan Mitchell | Jun 19, 2019 | Blogs, Taxation
The crown jewel of the 2017 tax plan was the lower corporate tax rate. I appeared on CNBC yesterday to debate that reform, squaring off against Jason Furman, who served as Chairman of Obama’s Council of Economic Advisers. Here are a couple of observations on our...
by Dan Mitchell | Jun 6, 2019 | Opinion and Commentary
Originally published by USA Today on June 5, 2019. When President George W. Bush used the national credit card for the Troubled Asset Relief Program bailout, the establishment applauded. When President Barack Obama doubled the national debt for his failed stimulus,...
by Dan Mitchell | May 26, 2019 | Blogs, Economics, Taxation
Earlier today at the Friedman Conference in Australia, I spoke on the proper design of a tax system. My goal was to explain the problem of double taxation. I’ve repeatedly shared a flowchart to illustrate the pervasive double taxation in the current system (my example...
by Dan Mitchell | Feb 23, 2019 | Big Government, Blogs, Government Spending, Taxation
I recently appeared on CNBC to talk about everyone’s favorite government agency, those warm and cuddly folks at the IRS. Our tax system is a dysfunctional mess, but you’ll notice that I mostly blamed politicians. After all, they are the ones who have unceasingly made...
by Dan Mitchell | Dec 14, 2018 | Blogs, Economics, Taxation
Since I’m a proponent of tax reform, I don’t like special favors in the tax code. Deductions, exemptions, credits, exclusions, and other preferences are back-door forms of cronyism and government intervention. Indeed, they basically exist to lure people into making...
