by Dan Mitchell | Sep 2, 2024 | Blogs, States, Tax Competition, Taxation
Massachusetts used to have a flat tax, but I warned back in 2019 that it was in danger. Sadly, my fears were warranted. In 2022, the state’s misguided voters approved a referendum to replace the flat tax with a system based on class warfare (a...
by Dan Mitchell | Aug 24, 2024 | Big Government, Blogs, Government Spending, Taxation
I’ve written many times about America having a problem of a government that is too big and growing too fast. And I’ve warned that this will lead to some combination of the following dire consequences. Big tax increases. Big debt...
by Dan Mitchell | Aug 22, 2024 | Blogs, Taxation
I used to think the world’s biggest hypocrites were the bureaucrats at international bureaucracies such as the Organization for Economic Cooperation and Development and the International Monetary Fund. They jet around the world at our expense (in...
by Dan Mitchell | Aug 20, 2024 | Blogs, Economics, Taxation
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to...
by Dan Mitchell | Aug 18, 2024 | Blogs, Economics, Taxation
When I list the principles that should guide tax policy, that almost always means these three goals. Low tax rates on work. No double taxation. No distorting loopholes. And I usually then point out that achieving these goals will get you to (or at least...
