Posted by Daniel J. Mitchell on July 26, 2010
By Daniel J. Mitchell
The 2001 and 2003 tax cuts are scheduled to expire at the end of this year, which means a big tax increase in 2011. Tax rates for all brackets will increase, the double tax on dividends will skyrocket from 15 percent to 39.6 percent, the child credit will shrink, the death tax will be reinstated [...]
Categories: Politics, Tax and Budget Policy |
Tags: class warfare, Competitiveness, geithner, Government and Politics, higher taxes, Income tax, marginal tax rates, obama, soak the rich, Supply-side economics, tax increases | 
No Comments »
Posted by Daniel J. Mitchell on July 21, 2010
By Daniel J. Mitchell
The Wall Street Journal has an excellent editorial this morning on the obscure — but critically important — issue of measuring what happens to tax revenue in response to changes in tax policy. This is sometimes known as the dynamic scoring versus static scoring debate and sometimes referred to as the Laffer Curve controversy.
The key thing to understand [...]
Categories: Politics, Tax and Budget Policy |
Tags: Art Laffer, Double Taxation, Dynamic Scoring, Government and Politics, incentives, Income tax, JCT, Joint Committee on Taxation, laffer curve, marginal tax rates, Revenue Estimates, Static Scoring, Supply-side economics, tax rates, taxation | No Comments »
Posted by Daniel J. Mitchell on May 28, 2010
By Daniel J. Mitchell
Hillary Clinton recently opined that Brazil was a great role model for the idea of soaking the rich with higher tax rates. She didn’t really offer evidence for that specific assertion, but Politico reports that she did say that “Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they’re growing like [...]
Categories: Politics, Tax and Budget Policy |
Tags: brazil, class warfare, Government and Politics, hillary clinton, International Economics and Development, marginal tax rates, Political Philosophy, soak the rich, top tax rate | No Comments »
