by Dan Mitchell | Nov 12, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
In my decades of trying to educate policymakers about the downsides of class-warfare tax policy, I periodically get hit with the argument that high tax rates don’t matter since America enjoyed a golden period of prosperity in the 1950s and early 1960s when the top tax...
by Dan Mitchell | Nov 11, 2017 | Blogs, Economics, Taxation
Back on November 2, I summarized the good and not-so-good features of the tax plan put forth by House Republicans. Here are the parts that made me happy. Lower corporate tax rate. Ending the deduction for state and local income taxes. Death tax repeal. And what was...
by Dan Mitchell | Nov 10, 2017 | Blogs, Economics, Laffer Curve, Taxation
Since there’s a big debate about whether there should be tax cuts and tax reform in the United States, let’s see what we can learn from abroad. And let’s focus specifically on whether changes in tax policy actually produce “revenue feedback” because of the Laffer...
by Dan Mitchell | Nov 4, 2017 | Blogs, Economics, Taxation
My view on the Drug War is somewhat schizophrenic. In my personal life, I’m basically a social conservative. I don’t like drugs, I’ve never tried drugs, and I urge others to behave the same way. But I know that prohibition is a costly failure that leads to abusive...
by Dan Mitchell | Nov 3, 2017 | Blogs, Taxation
The swamp is pulsating with excitement. For the lobbying community, tax reform is like Christmas. No matter what happens, they win because of lucrative retainers and fat contracts. And what about libertarian policy wonks? What do we get? Well, we look at the...
