Dan Mitchell

Dan Mitchell

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Dissecting Obama’s Record on Tax Policy

Dissecting Obama’s Record on Tax Policy

The folks at the Center for Freedom and Prosperity have been on a roll in the past few months, putting out an excellent series of videos on Obama’s economic policies. A look at the President’s failure to control government spending.

Cayman Islands' Proposed Tax Signals Fiscal Suicide

Cayman Islands' Proposed Tax Signals Fiscal Suicide

What Do Greece, the United States, and the Cayman Islands Have in Common? At first, this seems like a trick question. After all, the Cayman Islands are a fiscal paradise, with no personal income tax, no corporate income tax, no

The Turbo-Charged Italian Version of the Laffer Curve

The Turbo-Charged Italian Version of the Laffer Curve

Thanks largely to the Laffer Curve, there are some impressive examples of failed tax increases in countries such as the United States, France, and the United Kingdom. But if there was a prize for the people who most vociferously resist

Obama's Tax Policy Was Born in Europe

Obama's Tax Policy Was Born in Europe

I’m not a big fan of government conspiracy theories, largely because the people in Washington are too bloody incompetent to do anything effectively. Heck, sometimes they can’t even waste money properly even though they have lots of practice. But it recently crossed my

Laffer Curve Wreaks Havoc in UK

Laffer Curve Wreaks Havoc in UK

Back in 2010, I excoriated the new Prime Minister of the United Kingdom, noting that David Cameron was increasing tax rates and expanding the burden of government spending (including an increase in the capital gains tax). I also criticized Cameron

Estonia and Austerity: Another Exploding Cigar for Paul Krugman

Estonia and Austerity: Another Exploding Cigar for Paul Krugman

I have great fondness for Estonia, in part because it was the first post-communist nation to adopt the flat tax, but also because of the country’s remarkable scenery. Most recently, though, I’ve been bragging about Estonia (along with Latvia and Lithuania, the

International Bureaucracies Push for Global Taxing Power

International Bureaucracies Push for Global Taxing Power

Over the years, I’ve strenuously objected to schemes that would enable international bureaucracies to levy taxes. That’s why I’ve criticized “direct funding” proposals, most of which seem to emanate from the United Nations. A scheme to let the United Nations tax

Portuguese Finance Minister Admits Keynesian Stimulus Was a Flop

Portuguese Finance Minister Admits Keynesian Stimulus Was a Flop

President Obama imposed a big-spending faux stimulus program on the economy back in 2009, claiming that the government needed to squander about $800 billion to keep the unemployment rate from rising above 8 percent. How did that work out? One possible

Obama's Tax Proposals Will Cripple Economic Growth

As discussed earlier this week, the most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s plan is enacted. But there are also some very unsightly

New World Bank Report Shows Large Public Sectors Reduce Economic Growth

When Ronald Reagan said that big government undermined the economy, some people dismissed his comments because of his philosophical belief in liberty. And when I discuss my work on the economic impact of government spending, I often get the same reaction. This

Should the United Nations Have the Power to Impose Global Taxes?

What’s the worst policy idea that would cause the most damage to society? I’m tempted to say the value-added tax since our hopes of restraining the federal government will be greatly undermined if we give the buffoons in Washington a

Should the United Nations Have the Power to Impose Global Taxes?

What’s the worst policy idea that would cause the most damage to society? I’m tempted to say the value-added tax since our hopes of restraining the federal government will be greatly undermined if we give the buffoons in Washington a

Should the United Nations Have the Power to Impose Global Taxes?

What’s the worst policy idea that would cause the most damage to society? I’m tempted to say the value-added tax since our hopes of restraining the federal government will be greatly undermined if we give the buffoons in Washington a

One Year Later, Another Look at Obamanomics vs. Reaganomics

On this day last year, I posted two charts that I developed using the Minneapolis Federal Reserve Bank’s interactive website. Those two charts showed that the current recovery was very weak compared to the boom of the early 1980s. But

The Laffer Curve Works, Even in France

One year ago, I wrote about how the French government was getting unexpected additional revenues following the implementation of lower tax rates. This is the Laffer Curve in action, and it’s happening again in France, only this time because the

What's More Compassionate for the Poor, Dependency or Self-Reliance?

I’ve written a couple of times about the Food Stamp program, citing ridiculous examples of waste, fraud, and abuse. These include: Using food stamps to buy luxury coffee at Starbucks. Buying steaks and lobster with food stamps. The Obama Administration

Merkel and Sarkozy Propose Higher Taxes to 'Strengthen Growth Now'

The German Chancellor and French President have put together a plan to boost growth. Sounds like a good goal, but what specifically are they proposing? Some of the obvious ideas include: Lowering tax rates to boost incentives for productive behavior.

Why Does Mitt Romney Want Low-Skilled Workers to Be Unemployed?

Earlier this week, I explained why Mitt Romney is a Republican version of Barack Obama. His transgressions include being open to a value-added tax, a less-than-stellar record on healthcare, weakness on Social Security reform, an anemic list of proposed budget