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.
Dec 5
•
Adam Michel
6
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It’s Not Just Republicans, Democrats Want Trillion‐Dollar Tax Cuts Too
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November 2023
Temporary Tax Extenders Are Still Bad Policy
Don't pair necessary economic reforms with temporary budget gimmicks and unrelated subsidies.
Nov 30
•
Adam Michel
3
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Temporary Tax Extenders Are Still Bad Policy
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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.
Nov 28
•
Adam Michel
3
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AI Doesn’t Change the Economics of Labor, Capital, & Taxes
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Resist the Allure of Laffer Curve Logic
Sometimes a tax cut lowers revenue, and that's okay.
Nov 21
•
Adam Michel
1
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Resist the Allure of Laffer Curve Logic
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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.
Nov 14
•
Adam Michel
3
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The Hidden Cost of Your Federally Subsidized Rum: The Rum Cover‐Over Program
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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
Nov 9
•
Adam Michel
2
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Research Shows Taxes Matter for Investment and Growth
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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.
Oct 30
•
Adam Michel
3
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OECD’s Pillar One: A Step Towards Chaos Rather Than Stability
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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.
Oct 12
•
Adam Michel
2
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Employee Retention Credit Shows Folly of Tax Code Subsidies
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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.
Oct 5
•
Adam Michel
2
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Congress Must Heed Lessons of Previous Deficit Reductions
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Nikki Haley is Right: Repeal the Federal Gas Tax
The states have all the necessary fiscal tools to tackle their own infrastructure challenges.
Oct 3
•
Adam Michel
2
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Nikki Haley is Right: Repeal the Federal Gas Tax
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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.
Sep 19
•
Adam Michel
1
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The OECD Plan to Increase Taxes Costs More Than It Raises
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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.
Aug 25
•
Adam Michel
1
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Trends in Base Erosion and Profit Shifting
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