by Dan Mitchell | Jul 31, 2023 | Blogs, States, Tax Competition, Taxation
In Part I and Part II of this series, we looked at how taxpayers are moving from high-tax states to low-tax states. For Part III, let’s start with a map from the Tax Foundation, which shows which states are winning and losing as...
by Dan Mitchell | Jul 27, 2023 | Blogs, Taxation
At the start of the year, I wrote that so-called tax expenditures were a “boring but important issue.” Well, it’s time to once again put readers to sleep. Let’s start with a definition. A tax expenditure is basically a loophole in the tax code. And these...
by Dan Mitchell | Jul 6, 2023 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
I sometimes disagree with the Committee for a Responsible Federal Budget because they mistakenly focus on reducing deficits and debt, which makes them very vulnerable to supporting counterproductive tax increases (such as...
by Dan Mitchell | Jul 3, 2023 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
The economic analysis of taxation has plenty of jargon, statistical analysis, and complicated graphs, which can make it seem very mysterious to ordinary people. But the core principles are actually very easy to understand. Simply stated,...
by Dan Mitchell | Jun 29, 2023 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new Long-Term Budget Outlook and I will continue a now-annual tradition (see 2018, 2019, 2020, 2021, 2022) of sharing some very bad news about America’s fiscal future. Here’s the most...
