Regulars

Half Baked

Petit Tyrants

If You Want Better Business Tax Policy, Handcuff Politicians with Pro-Growth Forms of Tax Competition

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

Government Shutdown Theater: Republicans Should Not Surrender to Obama’s Blackmail

Notwithstanding the landslide rejection of Obama and his policies in the mid-term election, I don’t think this will produce big changes in policy over the next two years. Simply stated, the GOP does not have the votes to override presidential vetoes, so there’s no plausible strategy for achieving meaningful tax reform or genuine entitlement reform. […]

Continue reading Government Shutdown Theater: Republicans Should Not Surrender to Obama’s Blackmail

Proper Staffing and Reform of JCT and CBO Is an IQ Test for the Republican Party

The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) are congressional bureaucracies that wield tremendous power on Capitol Hill because of their role as fiscal scorekeepers and referees. Unfortunately, these bureaucracies lean to the left. When CBO does economic analysis or budgetary estimates, for instance, the bureaucrats routinely make it easier for politicians […]

Continue reading Proper Staffing and Reform of JCT and CBO Is an IQ Test for the Republican Party

Did the Wave Election Put Tax Reform on the Agenda?

I don’t pretend that tax reform, by itself, will create economic Nirvana. After all, the experts who measure economic policy and economic performance say that only about 20 percent of a nation’s prosperity is determined by fiscal policy. Nonetheless, I’m a big fan of simple and fair tax systems such as the flat tax. Not […]

Continue reading Did the Wave Election Put Tax Reform on the Agenda?

Research Shows that Small Government Is Efficient Government

I’ve argued that we’ll get better government if we make it smaller. And Mark Steyn humorously observed, “our government is more expensive than any government in history – and we have nothing to show for it.” But can these assertions be quantified? I had an email exchange last week with a gentleman from Texas who […]

Continue reading Research Shows that Small Government Is Efficient Government

The Overwhelming Case against Capital Gains Taxation

According to the bean counters at Ernst and Young, the United States has one of the highest capital gains tax rates in the world. But if you don’t trust the numbers from a big accounting firm, then you can peruse a study from the pro-tax Organization for Economic Cooperation and Development that reaches the same […]

Continue reading The Overwhelming Case against Capital Gains Taxation