A Rare Bit of Good News from Europe

It seems that there’s nothing but bad news coming from Europe. Whether we’re talking about fake austerity in the United Kingdom, confiscatory tax schemes in France, or bailouts in Greece, the continent seems to be a case study of failed statism. But that’s not completely accurate. Every so often I highlight good news, such as [...]

Read Full Post »

If You Want To Understand Why Obama’s Tax Agenda Is Bad for Workers, this Picture Says a Thousand Words

A good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and invested. I’ve tried to emphasize this point with a flowchart, and I’ve defended so-called trickle-down economics, which is nothing more than the common-sense notion that investment boosts wages for workers by making them more [...]

Read Full Post »

The Right Capital Gains Tax Rate Is Zero

The silly debate about the “Buffett Rule” is really an argument about the extent to which there should be more double taxation of income that is saved and invested. Politicians conveniently forget that dividends and capital gains get hit by the corporate income tax. And since America now has the developed world’s highest corporate income [...]

Read Full Post »

Rejecting the Buffett Rule and Fighting Obama’s Class Warfare on CNBC

I’ve already explained why Warren Buffett is either dishonest or clueless about tax policy. Today, on CNBC, I got to debate the tax scheme that President Obama has named after the Omaha investor. One of my big points was that the United States already has a self-destructive set of tax laws for investment. As such, [...]

Read Full Post »

Obama’s Corporate Tax Refom: Rearranging the Deck Chairs on the Titanic?

American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same ballpark, and that country is hardly a role model of economic [...]

Read Full Post »

How Can Obama Look at these Two Charts and Conclude that America Should Have Higher Double Taxation of Dividends and Capital Gains?

As discussed yesterday, the most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s plan is enacted. But there are also some very unsightly warts in the revenue portion of the President’s budget. Americans for Tax Reform has a [...]

Read Full Post »

Debating at U.S. News & World Report, I Explain Double Taxation to the Economic Heathens

Never let it be said I back down from a fight, even when it’s the other team’s game, played by the other team’s rules, and for the benefit of the wrong person. And that definitely went through my mind when U.S. News & World Report asked me to contribute to their “Debate Club” on the [...]

Read Full Post »