by Dan Mitchell | May 17, 2017 | Blogs, Economics, Laffer Curve, Taxation
As far as I’m concerned, no sentient human being could look at what happened in the United States in the 1980s and not agree that high tax rates on upper-income taxpayers are foolish and self-destructive. Not only did the economy grow faster after Reagan lowered...
by Dan Mitchell | May 14, 2017 | Blogs, Economics, Free Market
There’s an election next month in the United Kingdom, though there’s not much political suspense. The Labour Party is led by Jeremy Corbyn, a crazed Bernie Sanders-style leftist, and British voters have no desire to become an Anglo-Saxon version of Venezuela. Or,...
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...
