by Dan Mitchell | Dec 3, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Earlier this year, extrapolating from a study by the nonpartisan Congressional Budget Office, Robert O’Quinn (former Chief Economist at the Department of Labor) and I authored a study on the economic impact of Biden’s fiscal plan. The results...
by Dan Mitchell | Nov 10, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
Biden’s budget plan is based on fraudulent numbers, but it is also based on the fraudulent idea that a big, European-style welfare state can be financed without fleecing lower-income and middle-class taxpayers. I’ve repeatedly pointed out that this is not...
by Dan Mitchell | Nov 5, 2021 | Blogs, States, Taxation
There’s a political party in the United States – the Democrats – that represents rich people and it is trying very hard to cut taxes for those rich people. Since I don’t resent rich people (indeed, I applaud them if they earn their money...
by Dan Mitchell | Nov 4, 2021 | Blogs, Capital Gains, States, Taxation
To finance a bigger welfare state and create more dependency, President Biden and his congressional allies have been contemplating all sorts of tax increases. Higher corporate tax ratesHigher capital gains tax ratesHigher personal income tax ratesMore...
by Dan Mitchell | Oct 29, 2021 | Blogs, Taxation
The good news is that President Biden wants the United States to be at the top. The bad news is that he wants America to be at the top in bad ways. The highest corporate income tax rate.The highest capital gains tax...
