Liberty Taxed: A Blog on U.S. Tax Policy

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It’s Not Just Republicans, Democrats Want Trillion‐​Dollar Tax Cuts Too
Fiscal fantasies run deep in both parties.
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Adam Michel
November 2023
Temporary Tax Extenders Are Still Bad Policy
Don't pair necessary economic reforms with temporary budget gimmicks and unrelated subsidies.
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Adam Michel
AI Doesn’t Change the Economics of Labor, Capital, & Taxes
New taxes on capital will make it harder to achieve the positive gains promised by AI.
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Adam Michel
Resist the Allure of Laffer Curve Logic
Sometimes a tax cut lowers revenue, and that's okay.
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Adam Michel
The Hidden Cost of Your Federally Subsidized Rum: The Rum Cover‐​Over Program
A little-known program that fuels a subsidy war between Puerto Rico and the US Virgin Islands for the largest rum producers.
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Adam Michel
Research Shows Taxes Matter for Investment and Growth
New research confirms the finding of numerous other studies looking across multiple policy changes and using different empirical techniques
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Adam Michel
October 2023
OECD’s Pillar One: A Step Towards Chaos Rather Than Stability
The new rules will likely not fully replace DSTs while creating new forms of unpredictability in their wake.
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Adam Michel
Employee Retention Credit Shows Folly of Tax Code Subsidies
The ballooning cost of the ERTC shows why the tax code and the IRS are not well‐​equipped to distribute targeted subsidies.
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Adam Michel
Congress Must Heed Lessons of Previous Deficit Reductions
Past fiscal adjustments provide a warning: relying on tax increases to fix budget problems is a recipe to make things worse, not better.
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Adam Michel
Nikki Haley is Right: Repeal the Federal Gas Tax
The states have all the necessary fiscal tools to tackle their own infrastructure challenges.
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Adam Michel
September 2023
The OECD Plan to Increase Taxes Costs More Than It Raises
The new minimum tax could cost the global economy more than $28 billion a year.
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Adam Michel
August 2023
Trends in Base Erosion and Profit Shifting
Profit shifting is smaller than you think and has most recently fallen to its lowest level in over a decade.
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Adam Michel
© 2023 Adam Michel
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