I generally focus on the profligate habits and abusive tactics of the federal government in Washington, but that doesn’t mean other levels of government are well behaved. In a column for the Washington Post, Catherine Rampell outlines some of the reprehensible ways that state and local governments extract money from the citizenry. Think of recent, […]
Continue reading State and Local Governments Have No Fiscal Excuse for Rapacious Revenue-Raising Tactics
Since I’ve accused the Congressional Budget Office of “witch doctor economics and gypsy forecasting,” it’s obvious I’m not a big fan of the organization’s approach to fiscal analysis. I’ve even argued that Republicans shouldn’t cite CBO when the bureaucrats reach correct conclusions on policy (at least when such findings are based on bad Keynesian methodology). […]
Continue reading Why Do some Advocates of Small Government Want to Keep a Democrat Appointee at CBO?
I don’t know whether it’s because I’m a libertarian or because I’m an economist, but I get very frustrated by the issue of corporate inversions. It galls me to hear demagogic politicians like Obama make absurd statements about “unpatriotic” corporations that re-domicile overseas when the problem is entirely the result of bad policy that penalizes […]
Continue reading Everything You Ever Wanted to Know about Obama’s Failed Approach to Corporate Inversions
Tax competition is a very important tool for constraining the greed of the political class. Simply stated, politicians are less likely to impose bad tax policy if they are afraid that jobs and investment (and accompanying tax revenue) will move to jurisdictions with better tax policy. This works to limit revenue grabs by politicians at […]
Continue reading If You Want Better Business Tax Policy, Handcuff Politicians with Pro-Growth Forms of Tax Competition