Taxation

Ireland and Big-Spending Republicans

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Despite some tax cuts, the size of the U.S. government has increased rapidly under President Bush and the Republican-controlled Congress. Washington leaders looking to improve the economy could learn a lesson or two from Ireland, which has consistently achieved high rates of growth over the last 15 years by successfully slashing government spending. Under the Republican Congress during Clintons years ... [click for more]

Is Tax Freedom Now an Act of War?

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In a speech before the National Press Club last January, former New York governor Mario Cuomo charged that President Bush’s tax cut proposals were a form of “class warfare.” Challenging Bush’s claims that liberals and Democrats were fomenting class warfare with their charges that his tax plan favors the rich, ... [click for more]

Tax-Cut Illusions

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The problem with big government is that politicians and bureaucrats keep devouring more and more scarce resources instead of leaving them with those who created them. So instead of entrepreneurs’ using those resources to serve consumers, government operatives get to subsidize their supporters in order to keep their ... [click for more]

A Historian Looks at Tax Havens

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The recent attack on tax havens by the Organization for Economic Cooperation and Development (OECD) has depicted about 20–30 countries, called tax havens, as destructive of the high tax systems of the world, especially Europe. The OECD argues that its members should gang up on these nations and shut down their financial centers unless ... [click for more]

What’s Wrong with Looting? It’s the American Way!

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Responding to the massive looting committed by Iraqis as part of their newly found “freedom,” Secretary of Defense Donald Rumsfeld observed, “Stuff happens. It’s untidy. And freedom’s untidy. And free people are free to make mistakes and commit crimes and do bad things.” The reason for his indifference is simple: ... [click for more]

Taxing Dividends: Once Is Not Enough?

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Why is it controversial to propose an end to double taxation? The centerpiece of President Bush’s economic package is elimination of the tax on dividends. No one disputes that this is a double tax. A corporation pays taxes on its profits. Then if it distributes the after-tax profits ... [click for more]

Tax-Cut Alchemy

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In the midst of massive increases in federal spending and an enormous budget deficit, President Bush has proposed a large reduction in federal taxes. How’s that for political magic — lower taxes and more benefits? Unfortunately, however, it’s not ... [click for more]

Mr. Bush Neglects the Constitution

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It isn’t entirely encouraging that the top man of the political party theoretically dedicated to the Constitution, limited government, and individual liberty thinks the government he runs should cure AIDS in Africa, create a hydrogen-powered car, pay for retirees’ medicine, and provide mentors to troubled kids. Ominously, President Bush’s state ... [click for more]

Sic the IRS on Saddam

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President Bush made a grievous mistake by relying on a UN weapons report to go after Saddam Hussein. He should have instead required Saddam to file a federal income-tax return. It would have been a much more effective and less costly way to get rid of the man. Look at the ... [click for more]

Corporate Inversions and the Tax State

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Before I accepted my present position as a professor of economics at Hillsdale College in 1988, I negotiated my salary with the academic dean responsible for hiring new faculty. At that time I was teaching at the University of Dallas in Texas. Now, a move to Hillsdale was definitely attractive to me. They were offering me an endowed position ... [click for more]

Repeal the Corporate Tax

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Why not repeal the corporate income tax? Everyone’s worried about falling stock values, so let’s remove one of the big burdens on corporate profits: the corporate income tax. We shouldn’t do this as a short-term quick fix. The repeal should be permanent. What? you’re saying. Let those dirty corporations get ... [click for more]
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