David R. Henderson is an Emeritus Professor of Economics at the Naval Postgraduate School in Monterey, California, a Research Fellow with the Hoover Institution at Stanford University, and a Senior Fellow with Canada’s Fraser Institute. He was previously a senior economist for health policy and for energy policy with President Reagan's Council of Economic Advisers.
David is the editor of The Concise Encyclopedia of Economics, the only reader-friendly encyclopedia of economics, and has written 2 other books, The Joy of Freedom: An Economist’s Odyssey and Making Great Decisions in Business and Life (co-authored with Charles L. Hooper.) As well as publishing in academic journals, he has written over 300 articles for such popular publications as the Wall Street Journal, New York Times, Barron's, Fortune, Los Angeles Times, Washington Post, USA Today, Chicago Tribune, National Review, Defining Ideas, and Reason.
He has testified before the House Ways and Means Committee, the Senate Armed Services Committee, and the Senate Committee on Labor and Human Resources. He has also appeared on C-SPAN, CNN, the Jim Lehrer Newshour, the John Stossel show, the O’Reilly Factor, the Ingraham Angle, MSNBC, RT, NPR, CBC, and the BBC.
Born in Canada, he moved to the United States in 1972 to earn his Ph.D. in economics at UCLA. He became a U.S. citizen in April 1986.
End the Tax on Phantom Gains
High-inflation times, like now, demonstrate why any capital gains taxes should be based on real gains, not phantom gains.
Taxes Cause Deadweight Loss
Economists know to look under the covers when it comes to taxes, and they often find what's known as "deadweight loss."
Cut in Corporate Tax Rates Overachieved
The 2017 tax cut legislation performed better than the CBO predicted, and even better than I predicted.
President's Council of Economic Advisers Pushes Higher Taxes on the Wealthy
Taxing wealth reduces the incentive to create wealth and transfers it from where it is used productively to the government where it likely won’t be used productively. That transfer causes lower growth, not higher growth.
Bracket Creep
States that have never indexed their income tax rates should learn from states that have and use this time of flush state budgets to do so.
Biden's New Proposed Wealth Tax
Biden proposes a wealth tax he once opposed, targeting billionaires whose net worth is $100 million.
Correcting Biden
In his State of the Union address, President Biden said the 2017 tax reform only benefited the top 1% of income earners. To put it bluntly, he lied.
Tax Competition Between States: How Low Will Tax Rates Go?
Several states are eagerly competing to attract over-taxed people by lowering their income tax rates, in some cases to zero.
The IRS is Already Snooping
You might have thought the Biden administration changed that provision that would allow the IRS to snoop into your finances. Well, think again.
Will California's Government Raise Taxes Even More?
In the competition for the state with the most taxes and the highest tax rates, California is striving to be way ahead of the pack—making other states look like a better option.