An Australian Lesson about Capital Gains Tax Rates and Revenues

By Alan Reynolds

A decade ago, amid much controversy, I persuaded the Australian government to cut the capital gains tax rate in half.
Stephen Kirchner, an economist from Australia’s leading think tank, the Center for Independent Studies, reviewed the results last November.
This a brief summary:
The introduction of capital gains tax discounts for individuals and funds as part of the 1999 Ralph [...]

New York State Should Cut Property Taxes

By Steve H. Hanke

The New York Times editorialists are at it again.  June 12th’s lead editorial, “The Latest Work Dodge: A Shutdown,” frets over the specter of the New York state government being shut down because Albany’s legislators can’t agree on a budget.  Well, the Times must have breathed a collective sigh of relief late Monday (June 14th).  That’s [...]

Federal Spending Limit

By Chris Edwards

The nation is facing a fiscal emergency. Debt is exploding and federal spending exceeds revenues by more than $1 trillion a year. To fix the problem, policymakers should pursue reforms on two paths.
First, policymakers should start identifying programs for termination, privatization, and devolution to the states. If a business conglomerate overexpanded and its spending ran [...]

Federal Spending Limit

By Chris Edwards

The nation is facing a fiscal emergency. Debt is exploding and federal spending exceeds revenues by more than $1 trillion a year. To fix the problem, policymakers should pursue reforms on two paths.
First, policymakers should start identifying programs for termination, privatization, and devolution to the states. If a business conglomerate overexpanded and its spending ran [...]