by Dan Mitchell | Sep 20, 2011 | Blogs, Economics, Laffer Curve, Taxation
It’s hard to keep track of all the tax hikes that President Obama is proposing, but it’s very simple to recognize his main target – the evil, nasty, awful people known as the rich. Or, as Obama identifies them, the “millionaires and billionaires” who happen to have...
by Dan Mitchell | Sep 19, 2011 | Blogs, Taxation
Wow, this is remarkable. The alternative minimum tax (AMT) is one of the most-hated features of the tax code. It is such a nightmare of complexity that even Democrats routinely have supported “patches” and “band-aids” to protect millions of additional households from...
by Dan Mitchell | Sep 17, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
Thomas Sowell just completed a three-part “Back to the Future” series, looking at a couple of fiscal policy issues. His unifying theme is how the political class fails (perhaps deliberately) to learn from mistakes. In Part I, he decimates President Obama’s new...
by Dan Mitchell | Sep 14, 2011 | Blogs, Flat Tax, Taxation, VAT
Here’s a very good new video from the Chairman of the House Budget Committee, in which he explains why lower tax rates and fewer loopholes are the keys to a simple, fair, and competitive tax system. Very well done. Given my video on the flat tax, as well as my video...
by Dan Mitchell | Sep 7, 2011 | Big Government, Blogs, Economics, Government Spending, Keynesian
President Obama will be unveiling another “jobs plan” tomorrow night, though Democrats are being careful not to call it stimulus after the failure of the $800 billion package from 2008. But just as a rose by any other name would smell as sweet, bigger government is...
