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Crocodile Tears for the IRS

I can’t help but wonder whether the song made famous by The Grinch Who Stole Christmas should be the theme song for the Internal Revenue Service. After all, that bureaucracy is “as cuddly as a cactus” and “as charming as an eel.” And it appears that having “the tender sweetness of a seasick crocodile” is not […]

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A Practical (and Semi-Optimistic) Plan to Tame the Federal Leviathan

Like a lot of libertarians and small-government conservatives, I’m prone to pessimism. How can you be cheerful, after all, when you look at what’s been happening in our lifetimes. New entitlement programs, adopted by politicians from all parties, are further adding to the long-run spending crisis. The federal budget has become much bigger, luring millions […]

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The Case Against the IRS and the “Progressive” Income Tax

Genuine tax reform would be the second-best fiscal policy reform to boost economic growth.* With a simple and fair tax system, we could get rid of high tax rates that penalize productive behavior. We could eliminate the double taxation that discourages saving and investment. And we could wipe out the rat’s nest of deductions, credits, […]

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Debunking the Debunking of Dynamic Scoring and the Laffer Curve

Many statists are worried that Republicans may install new leadership at the Joint Committee on Taxation (JCT) and Congressional Budget Office (CBO). This is a big issue because these two score-keeping bureaucracies on Capitol Hill tilt to the left and have a lot of power over fiscal policy. The JCT produces revenue estimates for tax […]

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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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Europe Is Way Behind the United States and Here Are Two More Examples to Illustrate Why the Continent Is in Deep Trouble

The United States is burdened with some very bad policies that hinder growth and undermine competitiveness. But sometimes you can win a race if your rivals have policies that are even more self-destructive. And that’s a good description of why the U.S. economy is out-performing Europe and why people in the United States enjoy higher […]

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