by Dan Mitchell | Dec 2, 2019 | Blogs, Economics, Taxation
Whenever I review a tax proposal, I automatically check whether it is consistent with the “Holy Trinity” of good policy. Low marginal tax rates on productive activity such as work and entrepreneurship. No tax bias (i.e., extra layers of tax) penalizing saving and...
by Dan Mitchell | Aug 5, 2019 | Blogs, Economics, Taxation
In my libertarian fantasies, we dramatically shrink the size of the federal government and return to pre-1913 policy by getting rid of the income tax. But if I’m forced to be at least vaguely realistic, the second-best option is scrapping the current tax code and...
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...
