by Dan Mitchell | Mar 10, 2017 | Blogs, Taxation
The centerpiece of President Trump’s tax plan is a 15 percent corporate tax rate. Republicans in Congress aren’t quite as aggressive. The House GOP plan envisions a 20 percent corporate tax rate, while Senate Republicans have yet to coalesce around a specific plan....
by Dan Mitchell | Feb 27, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
In my never-ending strategy to educate policy makers about the Laffer Curve, I generally rely on both microeconomic theory (i.e., people respond to incentives) and real-world examples. And my favorite real-world example is what happened in the 1980s when Reagan cut...
by Dan Mitchell | Feb 13, 2017 | Big Government, Blogs
Since I’m always reading and writing about government policies, both in America and around the world, I’m frequently reminded of H.L. Mencken’s famous observation about the shortcomings of “tolerable” government. If you take a close look at the world’s freest...
by Dan Mitchell | Feb 9, 2017 | Big Government, Blogs, Government Spending
When I debate one of my leftist friends about deficits, it’s often a strange experience because none of us actually care that much about red ink. I’m motivated instead by a desire to shrink the burden of government spending, so I argue for spending restraint rather...
by Dan Mitchell | Aug 15, 2016 | Big Government, Blogs, Bureaucracy
Back in 2013, I got very upset when I learned that senior bureaucrats at the IRS awarded themselves big bonuses, notwithstanding the fact that the agency wasdeeply tarnished by scandal because of its efforts to help Obama’s reelection campaign. That’s when I decided...
