by Dan Mitchell | Jan 24, 2024 | Blogs, States, Tax Competition, Taxation
Almost exactly one year ago, I wrote a column about a coordinated effort to impose class-warfare tax increases in seven left-wing states. Fortunately, that effort fizzled. Meanwhile, there was continued progress in other states to lower tax rates. The net...
by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
by Dan Mitchell | Jan 20, 2024 | Blogs, Taxation, VAT
I wrote yesterday to criticize Andrew Biggs of the American Enterprise Institute and Alicia Munnell of Boston College for suggesting a $3 trillion 10-year tax increase on IRAs and 401(k)s. My column explained that more double taxation was a bad idea, and I...
by Dan Mitchell | Jan 11, 2024 | Blogs, Economics, Taxation
There are three reasons to be a knee-jerk supporter of tax cuts (or to be a knee-jerk opponent of tax increases). The morality-driven libertarian argument that people should be able to keep the income they earn.The starve-the-beast...
by Dan Mitchell | Jan 9, 2024 | Blogs, Taxation
The Laffer Curve is the common-sense notion that changes in tax rates lead to changes in taxable income. But, as I explain in this clip from a TV program in Hawaii, that doesn’t mean tax cuts “pay for themselves.” Before any readers accuse me of being an...
