by Dan Mitchell | Apr 1, 2020 | Big Government, Blogs, Economics, States, Taxation
The crowd in Washington has responded to the coronavirus crisis with an orgy of borrowing and spending. The good news is that the legislation isn’t based on the failed notion of Keynesian economics (i.e., the belief that you get more prosperity when the government...
by Dan Mitchell | Mar 25, 2020 | Big Government, Blogs, Taxation
Back in 2013, I joked that “you get bipartisanship when the Stupid Party and the Evil Party both agree on something.” That generally means bad outcomes, with the TARP bailout being a prime illustration. We now have another example since many Republicans and Democrats...
by Dan Mitchell | Mar 20, 2020 | Taxation
There will be many lessons that we hopefully learn from the current crisis, most notably that it’s foolish to give so much regulatory power to sloth-like bureaucracies such as the FDA and CDC. Today, I want to focus on a longer-run lesson, which is how tax policy...
by Dan Mitchell | Feb 28, 2020 | Blogs, Taxation
This CF&P video is nearly 10 years old, so some of the numbers are outdated, but the seven reasons to reject tax increases are still very relevant. I’m recycling the video because the battle over tax increases is becoming more heated. Indeed, depending on what...
by Dan Mitchell | Feb 12, 2020 | Blogs, Taxation
I pointed out yesterday that Donald Trump has increased domestic spending at a faster rate than Barack Obama, Bill Clinton, or Jimmy Carter. The day before, I castigated him for proposing a budget that expands the burden of government spending by $2 trillion over the...
