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...
by Dan Mitchell | Oct 25, 2021 | Big Government, Blogs, Financial Privacy, Taxation
Remember back when Joe Biden said paying more tax is patriotic? He was being a hypocrite, of course, since he aggressively sought to lower his own tax burden. But he was also behaving exactly as “public choice” theory predicts. Politicians...
by Dan Mitchell | Oct 22, 2021 | Blogs, Taxation
One of the my favorite publications from the Tax Foundation is the annual International Tax Competitiveness Index (here’s what I wrote in 2020 and 2019). The 2021 Index, authored by Daniel Bunn and Elke Asen, has now been released,...
by Dan Mitchell | Oct 17, 2021 | Big Government, Blogs, Taxation, Welfare and Entitlements
Some of my left-leaning friends (as well as some non-friends) think Nordic nations such as Sweden are shining examples of successful socialism. They’re wrong. Not only are they wrong, but those nations actually are case studies of how big welfare...
by Dan Mitchell | Oct 13, 2021 | Blogs, Economics, Supply Side, Taxation
Reducing the corporate tax rate from 35 percent to 21 percent was the crown jewel of Trump’s 2017 Tax Cut and Jobs Act (TCJA). It was good for workers since a lower rate means more investment, which translates to increased productivity...
