If you want to retire with an extra half a million dollars or more then consider moving to another state. Art Laffer has done the research for you:
Unconstitutional Presidential Hubris and Disregard
At the end of his rope! Now Obama wants to bypass Congress and raise taxes at his own free “executive” will. When will Americans finally say enough is enough to one of the most dangerous presidents in American history? Peter Schroeder writes at The Hill: With Senate Democrats openly pushing the administration to take its own action […]
The Robin Hood Strategy
In the name of “fairness,” writes Stephen Moore, an economist at the Heritage Foundation, President Obama would like to raise the capital gains and dividend taxes to 28%, which is almost twice what they were when he was elected president. He would also like an effective inheritance tax rate of over 50%. According to the […]
America’s Corrupt and Punitive Internal Revenue Code
The Cato Institute’s Dan Mitchell wants to replace the IRC with a flat tax. Dr. Mitchell also advises shrinking the size of the federal government so that it only funds the core public goods, such as national defense and the rule of law, envisioned by America’s Founding Fathers. As a fiscal policy economist who believes […]
Junk our Federal Tax Code
Ohio Governor John Kasich has introduced Blueprint for a New Ohio featuring $500 million in tax cuts. Governor Kasich believes correctly that income taxes negatively impact economic growth. Governors across America agree with Kasich and are taking action. It is time Americans forced the entrenched politicians in Washington to follow suit by junking the Federal […]
Terminating “Mindless Austerity”
President Obama’s proposed tax increases would, in his own words, put an end to the “mindless austerity” in federal spending. But as Michael Tanner, senior fellow at the Cato Institute, writes, “There has been no austerity, mindless or otherwise.” Running a miserly 300 pages, the recently released General Explanations of the Administration’s Fiscal Year 2016 […]
Raise the Gas Tax?
Finally consumers are getting a break with lower prices at the pump. As it stands federal gas tax revenues have risen 6.1% per year since 1982. Let consumers keep more of what they make and not give it to a wasteful government. My friend Chris Edwards from Cato explains: Gas tax supporters say that it […]
“Like Cuba without Sunshine”
Those words were uttered as a warning to François Hollande as high-earning soccer players threatened to go on strike, and the richest man in France, Bernard Arnault, threatened to follow actor Gérard Depardieu, along with 200,000 other French, to southern Belgium. All because of the supertax imposed on high-income earners. The hallmark of Mr. Hollande’s […]
Confiscating Wealth and Controlling Income
Originally posted November 25, 2014. Why is inequality a symptom of economic problems? Should any of us care if some people get rich and others get even richer? Wouldn’t a more distressing problem be if we all became poorer? John H. Cochrane, professor of finance at the University of Chicago and an adjunct scholar at […]
“Temporary” since the 1980s
Michael Tanner, senior fellow at the Cato Institute, explains in NRO why the “tax extenders” bill—bad legislation with bipartisan support—should be dumped. Here are just some of the special interest winners in this “temporary” (since the 1980s) tax bill: The “green energy” lobby—from electric cars to energy efficient appliances to ethanol producers. Hollywood, railroads, NASCAR, […]