by Dan Mitchell | Nov 13, 2014 | Blogs, Economics, Taxation
I don’t pretend that tax reform, by itself, will create economic Nirvana. After all, the experts who measure economic policy and economic performance say that only about 20 percent of a nation’s prosperity is determined by fiscal policy. Nonetheless, I’m a big fan of...
by Dan Mitchell | Nov 8, 2014 | Big Government, Blogs, Economics, Taxation
Every so often, I see a cartoon or image that provides a teachable moment about economics. This Wizard-of-Id parody, for instance, contains a lot of insight about labor economics. As does this Chuck Asay cartoon and this Robert Gorrell cartoon. And if you want to...
by Dan Mitchell | Nov 5, 2014 | Blogs, Health Care, Taxation
Wow, Barack Obama and the Democrats suffered a thermonuclear butt kicking. This was 1994 and 2010 put together. When the dust settles after recounts and run-offs, it appears that the GOP will have picked up 9 Senate seats. That’s one more than I predicted, and I...
by Dan Mitchell | Nov 2, 2014 | Blogs, Capital Gains, Taxation
According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world. But if you don’t trust the numbers from a big accounting firm, then you can peruse a study from the pro-tax Organization for Economic...
by Dan Mitchell | Oct 30, 2014 | Big Government, Blogs, Government Spending, Taxation
Since I criticized Paul Ryan’s Roadmap budget plan yesterday as part of my column against the value-added tax, I now feel obliged to defend the proposal in one important respect. But first, some background. In a recent piece for the American Enterprise Institute,...
