by Dan Mitchell | Jul 7, 2025 | Big Government, Blogs, Government Spending, Taxation
I gave my overall assessment of the One Big Beautiful Bill Act last week, which can be summarized in two sentences. The good news is that “…the bill prevents a massive automatic tax increase starting on January 1 of 2026.” The bad news is that “…the...
by Dan Mitchell | Jul 3, 2025 | Blogs, Taxation
Back in 2016, I sarcastically opined that our leftist friends should be nice to upper-income taxpayers. Why? Because those are the people who pay a hugely disproportionate share of taxes. So if you like big government, you should be very friendly...
by Dan Mitchell | Jul 1, 2025 | Blogs, States, Taxation
In 1972, Ohio politicians made the mistake of imposing a state income tax. That first tax had a top rate of 3.5 percent, but politicians quickly became addicted to this new source of tax revenue. By 1984, the top rate had jumped to 9.5 percent....
by Dan Mitchell | Jun 25, 2025 | Blogs, Taxation
Which leftists are worse, the ones who pontificate in favor of higher taxes but aggressively and hypocritically seek to protect their own money? Or the ones who genuinely worship government and sincerely believe that the government should...
by Dan Mitchell | Jun 24, 2025 | Blogs, Taxation
Today, voters in New York City may elect a lunatic leftist as Mayor, following Chicago into the toilet of statism. Is that the most important election of 2025? Later this year, voters in Argentina will decide in mid-term elections whether...
