by Dan Mitchell | Jun 26, 2019 | Big Government, Blogs, Taxation
I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have...
by Dan Mitchell | Jun 25, 2019 | Blogs, Europe, Taxation
I’ve argued for many years that a Clean Brexit is the right step for the United Kingdom for the simple reason that the European Union is a slowly sinking ship. Part of the problem is demographics. Europe’s welfare states are already very expensive and the relative...
by Dan Mitchell | Jun 23, 2019 | Blogs, States, Taxation
When I wrote a few days ago that the Trump tax reform was generating good results, I probably should have specified that some parts of the country are not enjoying as much growth because of bad state tax policy. As illustrated by my columns about Texas vs...
by Dan Mitchell | Jun 21, 2019 | Blogs, Economics, Laffer Curve, Supply Side
I’m a big fan of the Laffer Curve, which is simply a graphical representation of the common-sense notion that punitively high tax rates can result in less revenue because of reductions in the economy-wide level of work, saving, investment, and entrepreneurship. This...
by Dan Mitchell | Jun 19, 2019 | Blogs, Taxation
The crown jewel of the 2017 tax plan was the lower corporate tax rate. I appeared on CNBC yesterday to debate that reform, squaring off against Jason Furman, who served as Chairman of Obama’s Council of Economic Advisers. Here are a couple of observations on our...
