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“Cromnibus” Spending Bill Is a Victory and a Defeat

So what should libertarians, Reagan conservatives, and other advocates of smaller government think of the “cromnibus” spending bill? The answer depends on your benchmark. If you dislike insider deals, pork-barrel spending, and you think the federal government should be limited to the enumerated powers put in the Constitution by our Founding Fathers, then the cromnibus […]

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Great (and Not so Great) Moments in Tax Avoidance

When people figure out ways to keep the money they earn in their own pockets, rather than having it confiscated by government, I’m almost always happy. That’s because governments tend to waste money (should any of us pay for corrupt pork-barrel spending?). And it’s because government impose bad tax policy (is it fair to have […]

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Two Very Depressing Charts for President Obama, Two Very Encouraging Charts for America’s Taxpayers

It’s time to puncture the myth that libertarians are congenitally dour and pessimistic. We’re going to look at some fiscal data that must be very depressing for President Obama and other advocates of big government. But that means this information must be very good news for American taxpayers! Here’s a chart looking at annual federal […]

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State and Local Governments Have No Fiscal Excuse for Rapacious Revenue-Raising Tactics

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, […]

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Why Do some Advocates of Small Government Want to Keep a Democrat Appointee at CBO?

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). […]

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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 […]

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