Search Results for: ‘arthur laffer dan mitchell’

Dan Mitchell article 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)!

      The Laffer Curve and Trump’s 21 Percent Corporate Tax Rate   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 and […]

Dan Mitchell article Biden’s Tax Hike: The Political Calculus and Economic Cost

– Biden’s Tax Hike: The Political Calculus and Economic Cost There are lots of reasons (here are five of them) to dislike the version of the Biden tax hike that was approved by the tax-writing committee in the House of Representatives. From an economic perspective, it is bad for prosperity to penalize work, saving, investment, […]

Dan Mitchell “We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means Committee (the one in charge of tax policy) has unveiled. Let’s call this the Biden-Pelosi plan!”

– Five Visuals to Understand the Biden-Pelosi Tax Plan The Biden Administration’s approach to tax policy is awful, as documented here, here, here, and here. We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means Committee (the one in charge of tax […]

Dan Mitchell says Biden’s high tax plan will fail because ”Looking for loopholes is a waste of time when rates are low, but it’s a very profitable use of time and energy when rates are high”

– Biden and Pelosi’s Tax Plan Will Penalize Success When I discuss class-warfare tax policy, I want people to understand deadweight loss, which is the term for the economic output that is lost when high tax rates discourage work, saving, investment, and entrepreneurship. And I especially want them to understand that the economic damage grows […]

Dan Mitchell article Can the Irish (Once Again) Save Civilization?

– Can the Irish (Once Again) Save Civilization? How the Irish Saved Civilization was a bestselling book in the mid-1990s. Today, we’re going to consider an updated version, focusing on whether Ireland can save the world economy from Joe Biden’s plan for a global tax cartel. This should be a slam-dunk issue. Ireland transformed itself […]

Dan Mitchell article “Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality”

– Promoting Upward Mobility Is a Better Goal than Pushing Class Warfare in Hopes of Reducing Inequality There are divisions of the right between small-government conservatives, reform conservatives, common-good capitalists, nationalist conservatives, and compassionate conservatives. There are also divisions on the left, as illustrated by this flowchart, which shows the Nordic Model (a pro-free marketwelfare […]

Dan Mitchell article Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis)

— Two Sensible Observations on Tax Policy from the Washington Post (Mixed with Typical Bad Analysis) It’s presumably not controversial to point out that the Washington Post (like much of the media) leans to the left. Indeed, the paper’s bias has given me plenty of material over the years. As you can see, what really […]

Daniel Mitchell OF CENTER FOR FREEDOM AND PROSPERITY article “ The Economics of Inequality“

The Economics of Inequality In my four-part series on inequality (here, here, here, and here), I argue that that it is more important to instead focus on reducing poverty – especially since we know the policies needed to achieve that latter goal. In this discussion, I contemplate why some folks don’t understand that message. One reason is that […]

Dan Mitchell: “I like capitalism, both because it’s moral and it delivers superior results compared to any alternative”

– — Is “Capitalism” Worth Defending? I like capitalism, both because it’s moral and it delivers superior results compared to any alternative. I even have a 2-part series (here and here) on “defending capitalism” and a 5-part series on the “case for capitalism.” Part I Part II Part III Part IV Part V Perhaps most […]

Dan Mitchell “For decades, people in government have been upset that the tax cuts implemented by Ronald Reagan and Margaret Thatcher triggered a four-decade trend of lower tax rates and pro-growth tax reform”

Tax Cartels Mean Ever-Higher Tax Rates When President Biden proposed a “global minimum tax” for businesses, I immediately warned that would lead to ever-increasing tax rates. Ross Kaminsky of KHOW and I discussed how this is already happening. I hate being right, but it’s always safe to predict that politicians and bureaucrats will embrace policies […]