by Dan Mitchell | Jul 8, 2017 | Big Government, Blogs, States, Taxation
Here’s what I wrote last month about the fiscal situation in Illinois. Illinois is a mess. Taxes and spending already are too high, and huge unfunded liabilities point to an even darker future. Simply stated, politicians and government employee unions have created an...
by Dan Mitchell | Jun 17, 2017 | Blogs, Tax Competition, Taxation
Whenever I debate my left-wing friends on tax policy, they routinely assert that taxes don’t matter. They argue that we don’t have to worry about the Laffer Curve because high tax rates don’t discourage taxable income. They argue that we don’t have to worry about...
by Dan Mitchell | Mar 16, 2017 | Blogs, Tax Competition, Taxation
The multi-faceted controversy over Donald Trump’s taxes has been rejuvenated by a partial leak of his 2005 tax return. Interestingly, it appears that Trump pays a lot of tax. At least for that one year. Which is contrary to what a lot of people have suspected –...
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...
