Comments on: Congressional Budget Office Says We Can Maximize Long-Run Economic Output with 100 Percent Tax Rates

By: Dan Mitchell of the Cato Institute gives overview of economic policy and he praises Clinton and Reagan | The Daily Hatch

Thu, 06 Jun 2013 15:00:49 +0000

[…] 2. In my discussion of deficits and debt, I criticize the Congressional Budget Office for assuming that government fiscal balance is the key determinant of economic growth. And since CBO assumes you maximize growth by somehow having large surpluses, the bureaucrats actually argue that higher taxes are good for growth and their analysis implies that the growth-maximizing tax rate is 100 percent. […]

By: Everything You Ever Wanted to Know about Economic Policy | International Liberty

Wed, 05 Jun 2013 23:54:56 +0000

By: CBO’s Tax Expenditure Report Uses Wrong Benchmark, Overstates Loopholes | International Liberty

Thu, 30 May 2013 14:58:42 +0000

[…] not even close to being the worst thing produced by CBO. The bureaucrats on several occasions have asserted that higher taxes are good for growth, even to the point of implying that the growth-maximizing tax rate is 100 percent! And CBO is […]

By: White House Agrees with Me, Admits Tax Revenues Will Climb above Long-Run Average Even if All Tax Cuts Are Made Permanent « International Liberty

Mon, 03 Dec 2012 14:55:54 +0000

[...] data on tax revenue comes from the left-leaning Congressional Budget Office (yes, the same folks who seem to think you maximize growth with 100 percent tax rates), many folks on the left simply refuse to believe the numbers. In their minds, it is a religious [...]

By: For the Sake of Intellectual Integrity, Republicans Should Not Cite the CBO When Arguing against Obama’s Proposed Fiscal-Cliff Tax Hike | Cato @ Liberty

Mon, 12 Nov 2012 13:35:26 +0000

[...] I think the short-run Keynesianism is not CBO’s biggest mistake. In the long-run, CBO wants us to believe that higher tax burdens translate into more growth. Check out this passage, which expresses CBO’s view the economy will be weaker 10 years from [...]

By: The Full Story of the Corrupting Impact of Government Dependency in Just 3-1/2 Minutes - Conservative Read

Mon, 12 Nov 2012 10:55:41 +0000

By: For the Sake of Intellectual Integrity, Republicans Should Not Cite the CBO When Arguing against Obama’s Proposed Fiscal-Cliff Tax Hike « International Liberty

Sun, 11 Nov 2012 14:39:32 +0000

By: Obamacare not going to lower government spending « HaltingArkansasLiberalswithTruth

Sun, 08 Jul 2012 15:29:21 +0000

[...] I’ve bashed the biased and inaccurate work of the Congressional Budget Office, I found this cartoon very [...]

By: » Merkel and Sarkozy Propose Higher Taxes to ‘Strengthen Growth Now’ - Big Government

Sun, 22 Jan 2012 22:41:26 +0000

[...] P.S. I’ve been reminded that Merkel and Sarkozy are not alone in their crazy theory that higher taxes are good for growth. The geniuses at the Congressional Budget Office have written that higher taxes are good for long-run growth, even to the point of implying that 100 percent tax rates would maximize economic performance. [...]

By: Making Obama Seem Reasonable by Comparison, Merkel and Sarkozy Propose Higher Taxes to “Strengthen Growth Now” « International Liberty

Sat, 21 Jan 2012 15:22:07 +0000

By: » CBO’s Witch-Doctor Economics and Gypsy Forecasting - Big Government

» CBO’s Witch-Doctor Economics and Gypsy Forecasting - Big Government — Sun, 30 Oct 2011 04:15:56 +0000

[...] stimulates the economy in the short run but they also rely on a model which seemingly predicts 100 percent tax rates maximize growth in the long [...]

By: CBO’s Witch-Doctor Economics and Gypsy Forecasting « International Liberty

Sat, 29 Oct 2011 14:37:06 +0000

[...] I’ve criticized the Congressional Budget Office for generating biased and inaccurate numbers. These are the clowns, after all, who say deficit spending stimulates the economy in the short run but they also rely on a model which seemingly predicts 100 percent tax rates maximize growth in the long run. [...]

By: Two More Excellent Political Cartoons « International Liberty

Two More Excellent Political Cartoons « International Liberty — Tue, 26 Apr 2011 15:15:56 +0000

[...] I’ve bashed the biased and inaccurate work of the Congressional Budget Office, I found this cartoon very [...]

By: Republican Sellout Watch « The Market Center Blog

Republican Sellout Watch « The Market Center Blog — Fri, 07 Jan 2011 19:27:13 +0000

[...] Many of you will remember that the CBO cooked the books last year to help ram through Obamacare. Under Elmendorf’s watch, CBO also was a relentless advocate and defender Obama’s failed stimulus. And CBO under Elmendorf published reports saying higher taxes would improve economic performance. [...]

By: Republican Sellout Watch « International Liberty

Republican Sellout Watch « International Liberty — Fri, 07 Jan 2011 18:50:51 +0000

By: Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders « The Market Center Blog

Wed, 17 Nov 2010 23:39:31 +0000

[...] proposal will create between 2.5 million-7.0 million jobs. But since these are the geniuses who recently argued that higher tax rates boost growth and also claimed that Obama’s faux stimulus created jobs, those numbers have very little [...]

By: Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders « International Liberty

Wed, 17 Nov 2010 21:34:53 +0000

By: Our Tax Dollars Are Funding Bureaucrats Who Advise Congress that Higher Taxes Increase Prosperity (Cato @ Liberty Blog)

Fri, 12 Nov 2010 16:25:05 +0000

[...] I’ve already written about the terrible work of the Congressional Budget Office. The CBO did an awful job on the stimulus, for instance, repeatedly asserting that diverting money from the private sector to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost growth. [...]

By: Our Tax Dollars Are Funding Bureaucrats Who Advise Congress that Higher Taxes Increase Prosperity « CWN – Conservative Watch News

Wed, 10 Nov 2010 20:09:48 +0000

By: Our Tax Dollars Are Funding Bureaucrats Who Advise Congress that Higher Taxes Increase Prosperity « The Market Center Blog

Tue, 09 Nov 2010 19:39:21 +0000

[...] November 9, 2010 by Dan Mitchell I’ve already written about the terrible work of the Congressional Budget Office. The CBO did an awful job on the stimulus, for instance, repeatedly asserting that diverting money from the private sector to government somehow would create jobs. CBO also was a disaster on Obamacare, claiming that a giant new entitlement program would reduce budget deficits. And the legislative bureaucracy even has argued that higher tax rates boost growth. [...]

By: Our Tax Dollars Are Funding Bureaucrats Who Advise Congress that Higher Taxes Increase Prosperity « International Liberty

Tue, 09 Nov 2010 18:51:26 +0000

By: Overhauling CBO and JCT Is a Real Test of GOP Resolve, not the “Pledge to America” « The Market Center Blog

Thu, 30 Sep 2010 21:15:22 +0000

[...] of twisted economic analysis, CBO actually relies on a model which, for all intents and purposes, predicts that economic performance is maximized with 100 percent tax rates. The Joint Committee on Taxation, meanwhile, is infamous for its assumption that taxes have no [...]