by Dan Mitchell | Jul 27, 2018 | Blogs, Tax Competition, Taxation
I generally don’t chortle with joy when I read the Washington Post. This is the newspaper, after all, that often slants the news in ways that irk me. Deceptive reporting about Medicaid. Deceptive reporting about the budget. Deceptive reporting about Obamacare....
by Dan Mitchell | Jul 26, 2018 | Blogs, Economics, Taxation
I’ve been in China this week, giving lectures about economic policy at Northeastern University in Shenyang. I’ve explained that China has enjoyed reasonably impressive growth in recent decades thanks to pro-market reforms. But I’ve also pointed out that further...
by Dan Mitchell | Jul 23, 2018 | Big Government, Blogs, Energy, Taxation
I’ve been writing about proposed carbon taxes since 2012. My message is simple and straightforward. It’s possible to design a carbon tax that is theoretically appealing. Simply use all the revenue to get rid of some other tax that causes greater economic harm, such as...
by Dan Mitchell | Jul 21, 2018 | Big Government, Blogs, Taxation
When I argue against tax increases, I generally rely on two compelling points. Higher taxes will undermine prosperity by penalizing productive behavior. More money for politicians will trigger more spending, so red ink will increase. When I argue against...
by Dan Mitchell | Jul 14, 2018 | Blogs, States, Taxation
The best budget rule in the United States is Colorado’s Taxpayer Bill of Rights. Known as TABOR, this provision in the state’s constitution says revenues can’t grow faster than population plus inflation. Any revenue greater than that amount must be returned to...
