
The Deduction (Tax Foundation)
Explorez tous les épisodes de The Deduction
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03 Feb 2022 | States on the Move: Cutting Across Party Lines | 00:14:48 | |
After a whirlwind of cuts and reforms in 2021, it looks like 2022 might be an even bigger year for state tax codes. Republican and Democratic governors alike used their annual State of the State addresses to call for tax reform, and there is already serious momentum from state lawmakers nationwide to get the job done. Follow us! | |||
17 Feb 2022 | The Child Tax Credit Score | 00:15:05 | |
The expanded Child Tax Credit from the American Rescue Plan was touted as a once-in-a-lifetime achievement toward reducing child poverty. But it was passed as a temporary tax measure. Temporary tax policy makes tax filing confusing, and the IRS has shown that it isn’t able to keep pace with being a social administrator and a tax collector. Follow us! | |||
03 Mar 2022 | A Gas Tax Holiday | 00:12:28 | |
The cost of gas is going up. To address this, policymakers have proposed suspending the gas tax as a way to give taxpayers immediate relief at the pump. Follow us! | |||
17 Mar 2022 | Let’s Make a Global Tax Deal | 00:21:11 | |
Late last year, over 130 countries agreed to a global minimum tax, a purported end-all and be-all to the "race to the bottom." Follow us! | |||
31 Mar 2022 | Biden’s Budget Battle | 00:18:49 | |
President Biden this week released his annual budget. In a letter to lawmakers, the 46th President said that this $5.8 trillion package would “[grow] our economy, while ensuring that the wealthiest Americans and the biggest corporations begin to pay their fair share.” Follow us! | |||
28 Apr 2022 | States' Taxes Go Flat | 00:17:28 | |
Episode Description: State lawmakers have been on the move this year. One major trend that has been taking place? A push for flat taxes. Follow us! | |||
12 May 2022 | Clearing up Carbon Taxes | 00:20:53 | |
Amidst bipartisan climate negotiations on Capitol Hill, there have been renewed calls for a carbon tax. Follow us! | |||
26 May 2022 | Pondering Property Taxes | 00:16:51 | |
Property taxes are one of the most substantial tax burdens businesses face. In 2020 alone, property taxes accounted for almost 38 percent of all taxes paid by businesses to state and local governments. Follow us! | |||
09 Jun 2022 | Clean Up on the Grocery Tax Aisle | 00:19:21 | |
Amidst soaring inflation, policymakers across the political spectrum proposed many ideas to soften the blow of higher prices—especially for low-income workers and families. Follow us! | |||
28 Jun 2022 | Windfall Profits Taxes? | 00:13:38 | |
Oil prices have skyrocketed, posing a new risk to the post-pandemic recovery. Feeling the pressure to respond, policymakers have proposed everything from gas tax holidays, tapping into strategic reserves, and even rebate cards. One idea that has crawled back from the dead: “Windfall Profits Taxes.” Follow us! | |||
07 Jul 2022 | Global Deal or No Deal | 00:19:08 | |
On July 1st, 2021, over 130 countries agreed to a sweeping overhaul of the global tax system. Follow us! | |||
27 Jul 2022 | Technology and Taxes | 00:31:02 | |
Technology is moving rapidly--especially when it comes to taxes. With advancements in AI and machine learning, we are seeing technology being utilized in every corner of the tax world. Follow us! | |||
02 Aug 2022 | The Inflation Reduction Act, What to Know | 00:19:13 | |
After months of stalled negotiations, Sen. Joe Manchin (D-WV) announced that he has reached a deal with Senate Democrat leadership on a reconciliation package. Follow us! | |||
12 Aug 2022 | House Votes on the Inflation Reduction Act | 00:13:46 | |
The House of Representatives is set to pass the Inflation Reduction Act, the latest iteration of President Biden’s tax and climate agenda. Follow us! | |||
17 Aug 2022 | IRS Funding and Technology | 00:35:36 | |
The Internal Revenue Service (IRS) finds itself under fire often. Outdated technology, millions of unanswered calls, and cafeterias full of paper returns--it's clear that America’s tax collector needs improvement. Follow us! | |||
01 Sep 2022 | Accounting for the New Book Minimum Tax | 00:32:34 | |
The Inflation Reduction Act, signed into law recently by President Biden, includes a book minimum tax, which is raising the eyebrows of accountants everywhere. Follow us! | |||
15 Sep 2022 | Unpacking the State and Local Tax Toolkit | 00:24:10 | |
Maine has blueberry taxes. Alabama has mosquito taxes. Each state and county has its tax quirks. But when state and local governments want to raise revenues, there are four key taxes they turn to. Depending on where you live, the differences in these taxes between states can be significant. Follow us! | |||
29 Sep 2022 | The Woes of Temporary Tax Policy | 00:20:34 | |
From the Tax Cuts and Jobs Act in 2017 to the Inflation Reduction Act signed into law just this summer, lawmakers across the political spectrum are often tempted to implement temporary tax reforms. Follow us! | |||
18 Oct 2022 | The UK’s Tax Battles, Part One: How We Got Here | 00:35:42 | |
If you’ve been following taxes closely these past few months, you know that the UK is currently undergoing a drastic change. Follow us! | |||
17 Nov 2022 | Post-Election Breakdown | 00:20:30 | |
The 2022 midterm elections are wrapping up, and taxpayers are looking at a divided Congress for the next two years. Senior Policy Analyst Garrett Watson sits down with Jesse at Tax Foundation's headquarters to give a quick analysis of what these elections mean for tax policy. They talk through what we can expect from the approaching "lame-duck" session, what a Republican House and Democrat Senate could find agreement on, and what priorities the upcoming Congress should focus on. Links: Follow us! | |||
01 Dec 2022 | Meet Daniel Bunn (again), Tax Foundation's New President & CEO | 00:26:25 | |
Tax Foundation recently announced that Daniel Bunn is our new president and CEO. In this special episode of The Deduction¸ Daniel chats with Jesse about how he got into tax policy. They discuss his time in the Senate, his plans for Tax Foundation’s future, and even his obsession with smoking meats. Follow us! | |||
20 Dec 2022 | All I Want for Christmas is EU: Understanding Tax Policy in Brussels | 00:35:04 | |
When it comes to international economic competition, people often frame the argument as the U.S. versus China. Follow us! | |||
12 Jan 2023 | New Year, New Taxes | 00:18:29 | |
It’s a new year. And if one thing is certain, it’s that businesses are facing a lot of uncertainty. Follow us! | |||
26 Jan 2023 | Wealth Taxes Reach the States | 00:24:55 | |
Since 2021, 43 states have provided substantial tax relief for taxpayers and businesses. But this year, a new trend has emerged in the opposite direction: a push for states to tax investment. Follow us! | |||
09 Feb 2023 | State of the Union Reaction 2023 | 00:18:50 | |
On Tuesday, President Biden shared his policy aspirations during the State of the Union address. The commander in chief outlined three tax proposals in his remarks: quadrupling the brand-new excise tax on stock buybacks, instituting a “billionaire minimum tax,” and extending the now-lapsed expanded Child Tax Credit. Follow us! | |||
23 Feb 2023 | A Look at Local Income Taxes | 00:18:01 | |
Filing season is ramping up, as most of us are getting ready to file our state and federal income taxes. Follow us! | |||
09 Mar 2023 | Rethinking Affordable Housing Tax Policy | 00:27:54 | |
Affordable housing is an issue that has had long-standing bipartisan interest in D.C. But the path to increase the supply of affordable housing, though often well-intentioned, has created a bureaucratic nightmare. Follow us! | |||
23 Mar 2023 | Biden's 2024 Budget | 00:20:21 | |
President Biden recently released his budget proposal for fiscal year 2024. As he has with previous budgets, the president is continuing to call for higher taxes on businesses and wealthy taxpayers. Follow us! | |||
13 Apr 2023 | What’s Missing from the Tax Burden Debate | 00:20:37 | |
When we discuss tax policy, the conversation inevitably turns to who pays, who should pay, and how much they should pay. Follow us! | |||
27 Apr 2023 | Exploring Excise Tax Trends | 00:24:59 | |
The tax base around the world is shrinking for traditional excise taxes, including taxes on tobacco, alcohol, and motor fuel. But newer excise taxes on things like carbon, cannabis, and ride-sharing are on the rise. Follow us! | |||
11 May 2023 | The FairTax? | 00:30:06 | |
The FairTax, on paper, sounds simple: just replace all major sources of the federal government’s revenue—the individual income tax, corporate income tax, estate and gift taxes, and payroll tax—with a national sales tax. Follow us! | |||
25 May 2023 | Tax Ideas for the EU Green Transition | 00:29:22 | |
The past few years have brought a renewed push from countries across the globe to combat climate change. In the European Union, policymakers have put a timeline on their climate agenda. By 2050, the EU wants to achieve a net-zero economy. Follow us! | |||
08 Jun 2023 | A Bittersweet Broadcast | 00:15:04 | |
On this “not-so-heavy-on-the-policy” episode, our much-beloved host, Jesse Solis, is joined by the Deduction's Senior Producer, Dan Carvajal, and Marketing Associate, Kyle Hulehan, to share some bittersweet news. Follow us! | |||
22 Jun 2023 | The Wayfair Sales Tax Ruling, Five Years Later | 00:27:19 | |
It’s the 5th anniversary of the groundbreaking Wayfair Supreme Court decision—a ruling that marked a new era of sales tax collection and changed how we think about taxation in the digital age. South Dakota v. Wayfair established a new precedent, allowing states to assert their authority in collecting sales tax from remote sellers based on economic presence. Follow Us! Follow us! | |||
20 Jul 2023 | Interesting Interest Rates | 00:30:25 | |
Interest rates and tax policy, two vital components of our economic landscape, often interact in fascinating ways. They influence the behavior of individuals, businesses, and governments. But how exactly? Alan Cole, Senior Economist at the Tax Foundation, joins us to explore the complex effects of interest rate changes. We discuss how these shifts can impact everything, from budget deficits and tax revenues to investment choices and the overall economy. Links: Follow us! | |||
29 Aug 2023 | The Inflation Reduction Act One Year Later | 00:38:38 | |
The Inflation Reduction Act is an ambitious law with worthy goals to reduce deficits, fight inflation, help the IRS, and combat climate change. However, one year after its enactment, there are concerns about its overall fiscal impact, the additional complexity it introduces to the tax system, and the sustainability of its initiatives. Will McBride, Vice President of Federal Tax Policy at the Tax Foundation, joins Kyle Hulehan to examine the Inflation Reduction Act one year later. They dive into the disconnect between political aspirations and the real-world consequences of executing intricate policies, the skyrocketing costs of green energy tax credits, and why, despite increased funding, the IRS is struggling to keep up.
Links: https://taxfoundation.org/research/all/federal/inflation-reduction-act-taxes/ https://taxfoundation.org/taxedu/podcast/all/accounting-for-the-new-book-minimum-tax/ https://taxfoundation.org/blog/inflation-reduction-act-green-energy-tax-credits/ https://taxfoundation.org/research/all/federal/inflation-reduction-act/ Follow us! | |||
19 Sep 2023 | Prohibition by Price | 00:18:40 | |
Step into the shadows of illicit trade where taxation, incentives, and criminal networks intersect to fuel the lucrative cigarette smuggling market. Adam Hoffer, the Director of Excise Tax Policy, joins Kyle Hulehan to shed light on how substantial price markups on legal cigarettes pave the way for tempting tax avoidance opportunities. They unravel the unintended consequences of cigarette taxation and explore strategies to combat this burgeoning illicit trade Links: https://taxfoundation.org/blog/illicit-trade-taxes-counterfeit-cigarettes/ https://taxfoundation.org/blog/california-flavored-tobacco-ban-revenue/ https://taxfoundation.org/blog/new-york-cigarette-tax-flavor-ban/ https://taxfoundation.org/data/all/state/cigarette-taxes-cigarette-smuggling-2022/ Follow us! | |||
24 Oct 2023 | Economic Education Month and TaxEDU | 00:15:32 | |
October is economic education month. An important part of economic education is understanding how taxes affect the economy. On this special episode of The Deduction, we discuss how Tax Foundation is doing just that through our tax literacy initiative, "TaxEDU." Zoe Callaway, Manager of Education and Outreach, joins Kyle Hulehan to chat about why Tax Foundation launched TaxEDU and how TaxEDU is advancing tax policy education, discussion, and understanding in classrooms, living rooms, and government chambers.
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12 Dec 2023 | Saving Americans’ Dwindling Savings | 00:25:14 | |
Americans are saving less. While the U.S. saving rate has regularly lagged behind its peers, it has yet to return to pre-pandemic levels. Increasingly, people are turning to credit cards to fill the gaps in their budgets. Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss why the U.S. is struggling to save and what solutions exist within the tax code to help Americans save more.
Links: https://taxfoundation.org/research/all/federal/case-for-universal-savings-accounts/
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09 Jan 2024 | Tackling Financial Literacy with Jed Collins | 00:35:42 | |
Financial literacy is a problem that educators around the country are trying to tackle. Today, we’re speaking with Jed Collins, a former NFL player, who is leading the charge in the financial education arena by guiding high school and college students, as well as professional athletes, through the world of finance. He’s passing down essential knowledge on understanding taxes, showing students that a good financial game plan can lead them towards a prosperous future. Links: Follow us! | |||
30 Jan 2024 | Exploring the Impact of the 2024 Tax Relief Act | 00:27:10 | |
Today, we're exploring the intricacies of the latest congressional act stirring up Washington—The Tax Relief for American Families and Workers Act of 2024. Erica York, Senior Economist and Research Director at the Tax Foundation, joins Kyle Hulehan to dissect its key features, including the restoration of crucial business investment provisions, an expansion of the Child Tax Credit, and changes to pandemic-era tax credits. The conversation also sheds a light on the act's temporary and retroactive dimensions, which could leave taxpayers in uncertain, and confusing, territory. Links:
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13 Feb 2024 | Costly Inputs: Unraveling Sales Tax's Impact on Businesses | 00:32:12 | |
Sales taxes go beyond a few extra bucks at the register. It’s not just about what you pay, but who pays. What are the implications of state sales tax bases across the U.S.? Katherine Loughead, Senior Policy Analyst & Research Manager at the Tax Foundation, joins Kyle Hulehan. Together, we'll uncover the core principles behind an efficient sales tax system and examine how taxing business inputs can lead to economic inefficiencies and higher prices for consumers. Links: https://taxfoundation.org/research/all/state/kentucky-sales-tax-reform/ https://taxfoundation.org/data/all/state/2024-sales-taxes/ https://taxfoundation.org/taxedu/glossary/tax-pyramiding/ Follow us! | |||
27 Feb 2024 | Launching Tax Foundation Europe | 00:34:31 | |
As the world of tax policy becomes more interconnected, the Tax Foundation is stepping up, recognizing the pressing need for informed and principled tax policy education in an ever-evolving landscape. In response, we are broadening our scope by establishing a presence at the epicenter of European tax policy discussions: Brussels. Sean Bray, Director of European Policy at the Tax Foundation, and Edwin Visser, Deputy Global Tax Policy Leader at PwC Netherlands, join Kyle Hulehan to discuss the launch of Tax Foundation Europe.
Links: https://taxfoundation.org/blog/tax-foundation-europe-launches/ https://taxfoundation.org/eu/research/european-tax-policy-scorecard/ https://taxfoundation.org/research/all/eu/eu-green-transition-tax-policy/ https://taxfoundation.org/research/all/eu/capital-gains-taxation-eu/ Follow us! | |||
12 Mar 2024 | Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy | 00:27:55 | |
Today, we're examining the differences between the broad incentives provided by the Tax Cuts and Jobs Act and the targeted approach of the Inflation Reduction Act and the CHIPS and Science Act. Alex Muresianu, Senior Policy Analyst at the Tax Foundation, joins Kyle Hulehan to explore these policies' intentions, tangible effects on specific sectors, and impact on the broader U.S. economy. https://taxfoundation.org/research/all/federal/supply-side-economics-industrial-policy/ Follow us! | |||
26 Mar 2024 | Biden’s Budget Blueprint | 00:21:30 | |
In the context of the 2024 election year, what does President Biden's 2025 budget proposal signify regarding his strategies and priorities as he seeks reelection? And how could these proposals shape the overall landscape of this election cycle? Links:
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09 Apr 2024 | Survey Says Tax Confusion | 00:16:16 | |
All Americans are affected by the tax code—but do they understand the tax code? To find out, the Tax Foundation’s educational program, TaxEDU, and Center for Federal Tax Policy conducted a poll with Public Policy Polling. The poll surveyed more than 2,700 U.S. taxpayers over 18 years old—spanning the political spectrum and income distribution—to gauge Americans’ knowledge of basic tax concepts and opinions of the current tax code. The results: most Americans are confused by and dissatisfied with the federal tax code. Follow us! | |||
23 Apr 2024 | Taxocracy Tales with Scott Hodge | 00:28:22 | |
All taxes tell a story, and today we’ll explore how taxes influenced Bob Dylan's decision to sell his music catalog, how the "chicken tax" reshaped the auto industry, and how the historic "tax on air and light" had profound effects on architecture and living conditions. Scott Hodge, President Emeritus & Senior Policy Advisor at the Tax Foundation, joins host Kyle Hulehan to discuss his new book, Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life. Follow us! | |||
07 May 2024 | From Gallons to Miles: Rethinking Road Taxes | 00:32:17 | |
Buckle up as we navigate the twists and turns of infrastructure and road funding. As electric vehicles gain traction, traditional gas taxes are running out of fuel to support our infrastructure budget. Today, we're exploring how Vehicle Miles Traveled (VMT) taxes pave a more equitable and sustainable path for funding road maintenance and construction. Adam Hoffer, the Director of Excise Tax Policy, joins Kyle Hulehan to unpack the challenges and opportunities of VMT taxes. They will explore the innovative technologies used for mileage tracking and address the significant privacy concerns involved. Follow us! | |||
21 May 2024 | A Journey Through Germany’s Tax Laws | 00:33:22 | |
Get ready to hit the autobahn and explore the world of German taxes! We'll navigate the complexities of Germany’s corporate tax structure, including the combined federal and local rates, and unravel the complexities of local trade taxes and the real estate transaction tax, exploring their impact on businesses and property investments. Follow us! | |||
04 Jun 2024 | Trump and Biden’s Tariff Tango | 00:34:07 | |
Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration's review of Trump-era tariffs.
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25 Jun 2024 | A Big-Picture Look at Taxing the Wealthy | 00:30:54 | |
Taxing wealth has become a hot-button issue in today’s political discourse, promising to reshape economic equality. But what are the real-world implications of such policies? In this episode, we dive into the contentious world of taxing wealth, examine how a progressive tax system aims to balance fairness and revenue generation, and explore the potential impacts and broader implications for economic policy and social equity. Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to dissect the fundamentals of taxing wealth. They discuss the challenges of implementation, potential long-term consequences for the broader economy, and alternative policy options that could achieve progressivity while maintaining economic growth. Links: https://taxfoundation.org/blog/taxing-consumption-progressively-tax-the-wealthy/ https://taxfoundation.org/blog/federal-tax-code-progressive-rich/ https://taxfoundation.org/blog/us-pandemic-response-inequality-progressivity/ https://taxfoundation.org/research/all/federal/tax-fairness-funding-government-investments/ Follow us! | |||
09 Jul 2024 | Tax Cuts vs. Tax Reform | 00:28:19 | |
Tax cuts vs. tax reform: what’s the real difference, and why does it matter? In this episode, we uncover why retroactive tax cuts and temporary tax breaks often miss the mark for long-term growth and how revenue-neutral tax reform can streamline the tax system without altering overall federal revenue. Erica York, Senior Economist and Research Director at the Tax Foundation, joins host Kyle Hulehan to reveal the true impact of tax policies on households and businesses and discuss how changes in marginal tax rates drive economic decisions. Links: https://taxfoundation.org/blog/unified-theory-misconceptions-tax-reform-debate/ Follow us! | |||
30 Jul 2024 | Pillar Two: Electric Boogaloo | 00:33:57 | |
The global tax deal and Pillar Two are shaking up the tax landscape worldwide, introducing a web of complexity and confusion. Today, we untangle the key aspects of these proposals, diving into the latest updates, compliance hurdles, and their ripple effects on industries and smaller nations. Join Daniel Bunn, President & CEO of the Tax Foundation, and Senior Economist Alan Cole, as they sit down with Kyle Hulehan to explore what the future holds for global taxation and what it means for the United States. Follow us! | |||
15 Aug 2024 | Do Americans Abroad Still Pay US Taxes? | 00:31:22 | |
How does living abroad impact the taxes an American has to pay? Unlike most countries that tax based on residency, the US employs citizenship-based taxation, meaning Americans are taxed on their global income regardless of where they reside. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed. Follow us! | |||
28 Aug 2024 | Election Insights | Taxes, Kamala Harris, and the DNC’s Vision | 00:11:22 | |
Dive into the highlights from the DNC as we break down Vice President Kamala Harris's tax proposals and their potential impact on everyday families. What do higher taxes on businesses and the wealthy mean for working Americans? Links: https://taxfoundation.org/blog/tim-walz-tax-policies/ Follow us! | |||
11 Sep 2024 | Election Insights | Trump on Taxes, Tariffs, & Harris’s Economic Plans | 00:14:26 | |
While tax policy was almost nonexistent in the first debate between Vice President Kamala Harris and former President Donald Trump, this episode will explore each candidate’s latest proposals in greater depth. We’ll break down Kamala Harris's updated tax plan, highlighting her capital gains adjustments and new deductions for startups. We’ll also take a closer look at Trump’s plans for tax cuts and tariffs, discussing what they could mean for American families and businesses. Erica York, Senior Economist and Research Director, joins Kyle Hulehan to discuss the debate. We’ll highlight the key issues likely to be discussed and consider the serious implications for national debt and economic growth. https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/ Follow us! | |||
17 Sep 2024 | Bob Stack Unpacks US Challenges in Global Tax | 00:27:59 | |
What are the key challenges facing global tax policy today? Bob Stack, an international tax expert, explores the implications of the EU’s adoption of Pillar Two and the potential for streamlining overlapping policies. He also addresses the issues that the US faces in global tax policy with the upcoming elections. In this insightful discussion, Bob dives into these pressing issues, drawing on his extensive experience at the US Department of the Treasury. He offers valuable insights into the OECD Inclusive Framework and the transformative Pillar Two. Links: https://taxfoundation.org/blog/pillar-two-unintended-consequences/ https://taxfoundation.org/blog/global-tax-agreement/ Follow us! | |||
25 Sep 2024 | Election Insights | Whose Plan Wins? Trump vs. Harris on Taxes | 00:14:34 | |
What do the contrasting tax proposals of Vice President Kamala Harris and former President Donald Trump mean for Americans as the 2024 election approaches? In this episode, we dive into the Tax Foundation's modeling of both candidates' plans, shedding light on how these proposals could impact Americans. Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. Together, they'll chat about the major economic implications of each candidate’s proposals, from national debt to economic growth. https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/ https://taxfoundation.org/research/federal-tax/2024-tax-plans/ https://taxfoundation.org/blog/trump-overtime-tax-exemption/ Follow us! | |||
09 Oct 2024 | Election Insights | How to Fix Trump’s and Harris’s Tax Plans | 00:20:13 | |
Neither presidential candidate has a perfect tax plan. But what changes could Trump and Harris make to their respective tax plans to better serve American workers and the economy? In this episode, we dissect their plans and provide practical solutions for improvement. Follow us! | |||
16 Oct 2024 | Can US Tax Reforms Keep Up with China? | 00:31:52 | |
How does tax policy shape a nation's competitiveness? Today, we’re diving into the showdown between the US and China, exploring how China’s enticing tax incentives pose a formidable challenge to America’s economic supremacy. Joining Kyle is Alex Muresianu, Senior Policy Analyst at the Tax Foundation. Together, they explore how changes to US corporate taxes, including the restoration of full expensing for research and development, could be the key to ensuring America remains competitive on the global stage.
https://taxfoundation.org/research/all/federal/us-chinese-economy-investment-manufacturing/ Follow us! | |||
23 Oct 2024 | Election Insights | Tax Hikes Are Coming, Regardless of Who’s in the White House | 00:13:11 | |
Are tax increases on the horizon in 2025, no matter who takes office? In this episode, we explore why changes to the tax code could hit your wallet, regardless of which party comes out on top. Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. They break down the expiration of the Tax Cuts and Jobs Act, Trump’s plans for the tax code, and Harris’s proposals to raise taxes. Links
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30 Oct 2024 | Election Insights | Can Trump's Tariff Plan Really Replace the Income Tax? | 00:18:30 | |
Can tariffs truly replace income taxes in today’s economy? In this episode, we examine the bold and controversial proposal from former President Trump to replace income taxes with tariffs. What would this dramatic shift mean for everyday Americans, particularly those with lower incomes? And would it actually work? Follow us! | |||
08 Nov 2024 | Post-Election Analysis: Trump’s Tax Plans and Economic Impact | 00:12:31 | |
Join hosts Kyle Hulehan and Erica York in this episode of The Deduction as they break down the US tax policy implications of Donald Trump’s next presidential term. With the GOP gaining control over the White House and likely both chambers of Congress, the discussion centers around potential legislative changes, the future of tax cuts, and the impact of tariffs on everyday taxpayers. Get insights into what Trump’s tax extensions and new proposals could mean for the economy, federal revenue, and household finances. Links: https://taxfoundation.org/blog/trump-tariffs-revenue-estimates/ https://taxfoundation.org/blog/largest-tax-increase-harris-trump/ Follow us! | |||
15 Nov 2024 | Webinar | The Future of US Tax Policy in 2025 | 00:59:44 | |
Join us on November 15th at 12:00 pm EST for our upcoming webinar as our experts seek to answer this question and provide insight on many more. Our experts will recap the election and provide insights on what to expect in 2025. We will also take some time to explore what US tax and trade policy shifts could mean for other countries, particularly in Europe. Tax Foundation’s President & CEO Daniel Bunn will lead a discussion with Tax Foundation’s own Will McBride and Erica York, who will focus on what the election means for US federal tax policy, and Sean Bray, who will link US tax developments to the European policy landscape. Follow us! | |||
11 Dec 2024 | Behind the Numbers: Budget Shenanigans and the National Debt | 00:29:22 | |
What happens to your taxes when the Tax Cuts and Jobs Act expires on January 1, 2026? In this episode, we explore the potential tax hikes facing millions of Americans and the debate over measuring the budgetary impacts of extending tax cuts. Follow us! | |||
23 Dec 2024 | What Should Taxpayers Expect in 2025? | 00:09:02 | |
What do you need to know to prepare for the upcoming tax year? Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. In this episode, they gear you up for 2025 by discussing key tax dates to mark on your calendar and the latest news affecting tax policy. Erica also shares insights from her recent congressional testimony on tariffs.
https://taxfoundation.org/blog/trump-... Follow us! | |||
22 Jan 2025 | Will Your Taxes Go Up? Best- and Worst-case Scenarios for Tax Reform in 2025 | 00:20:02 | |
What will the future of tax policy look like? In this episode, we dive into the critical challenges and opportunities looming on the horizon, especially with major tax cuts set to expire, which could increase taxes for 62 percent of filers. Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO of the Tax Foundation. Together, they explore what needs to happen in tax policy this year to avert a fiscal crisis, discussing the best- and worst-case scenarios for taxpayers. They also highlight how this year can serve as a vital reset for lawmakers and what key policies are at the top of Daniel’s wish list.
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05 Feb 2025 | Trump’s Tariff War Returns | 00:19:07 | |
Are tariffs making everything more expensive? With Trump’s new tariff plans hitting $1.1 trillion in imports—far more than his first term—prices could rise for businesses and consumers alike. Kyle Hulehan and cohost Erica York break down who really pays for tariffs, why they hurt lower-income Americans most, and whether they worked the first time around. Why the Economic Effects of Taxes (Including Tariffs) Matter Follow us! | |||
11 Feb 2025 | The High Stakes of Sports Betting Taxes | 00:26:01 | |
How should states approach the unique challenges and opportunities presented by sports betting? https://taxfoundation.org/data/all/state/sports-betting-taxes-by-state-2024/ Follow us! | |||
05 Mar 2025 | Understanding the Property Tax | 00:17:31 | |
With property tax bills on the rise, homeowners are searching for answers—and some even want to abolish the tax altogether. In this episode, we break down why property taxes are increasing, discuss common but flawed solutions, and explain why the property tax remains an economically efficient revenue source. Follow us! | |||
25 Sep 2020 | Joe Biden’s Tax Plan Explained | 00:37:32 | |
Depending on the outcome of the 2020 presidential election, we could be looking at a very different tax code in the years to come. What tax changes has former Vice President Joe Biden proposed and what would they mean for U.S. taxpayers, businesses, and the overall economy? Follow us! | |||
12 Oct 2020 | Who Will Pay for the Roads? The Future of Transportation Taxes | 00:22:43 | |
Some post-COVID projections show the highway trust fund running out as early as 2021. Meanwhile, most state gas taxes are losing value every year due to inflation. What can the U.S. do to raise the revenue needed for infrastructure upkeep and accurately internalize the costs associated with road usage? Follow us! | |||
26 Oct 2020 | 2020 State Tax Ballot Initiatives and the Future of State Tax Policy | 00:30:43 | |
They may not draw as much attention as elections for office, but Election Day 2020 will also feature a number of important votes on tax-related ballot initiatives in states around the country. What are the ballot measures taxpayers should be paying attention to this year and what could they mean for the future of state tax policy? Tax Foundation Vice President of State Projects Jared Walczak and Senior Policy Analyst Katherine Loughead break down measures ranging from recreational marijuana legalization in New Jersey and Montana to income tax increases in Illinois and Arizona. Follow us! | |||
14 Nov 2020 | The Future of Tax Policy with Douglas Holtz-Eakin | 00:27:30 | |
What do election results mean for the future of the federal tax code? What role will tax policy play in curbing the economic effects of the COVID-19 pandemic? How should policymakers address the federal deficit and could a carbon tax be part of that solution? How much of President-elect Joe Biden's pre-election tax plan will actually come to pass? Follow us! | |||
17 Nov 2020 | Taxing Times: One Virginia Brewer’s Experience During COVID-19 | 00:30:38 | |
On this episode, we take a more personal look at taxes and particularly their effects on small businesses and entrepreneurs facing the challenges of the COVID-19 pandemic. Follow us! | |||
14 Dec 2020 | Corporate Tax Rates Around the World | 00:26:01 | |
What is driving the downward trend in corporate tax rates and will it continue? Is it truly a "race to the bottom?" Why do corporate tax rates matter in the first place? How does the U.S. rate compare and could that change in the coming years? Follow us! | |||
12 Jan 2021 | Digital Services Taxes | 00:25:15 | |
The digitalization of the global economy has brought with it increased opportunity and connectedness, but also new business models that elude existing tax structures. In this episode of The Deduction, we explore the “digital services tax” (DST), one new and increasingly popular policy designed to address the digital economy. Follow us! | |||
25 Jan 2021 | Congressional Budget Reconciliation | 00:33:53 | |
Rohit Kumar, principal and leader of PwC's Washington National Tax Services Tax Policy Services group in Washington, D.C., joins Tax Foundation President Scott Hodge to discuss the congressional budget reconciliation process: what it is, how it works, and the role that politics will play in it for the 117th Congress as well as President Biden's policy agenda. Follow us! | |||
08 Feb 2021 | Understanding Tariffs | 00:28:03 | |
Economist Erica York joins Scott Hodge, President Emeritus and Senior Policy Advisor at the Tax Foundation, to discuss one of the most misunderstood issues in tax policy: tariffs. Follow us! | |||
22 Feb 2021 | Interview: Ken Kies, former Joint Committee on Taxation (JCT) Chief of Staff | 00:28:27 | |
Tax Foundation President Scott Hodge interviews Ken Kies, former Chief of Staff for the Joint Committee on Taxation (JCT) from 1995 to 1998. Follow us! | |||
08 Mar 2021 | How Should R&D Be Taxed? | 00:32:30 | |
Tax Foundation President Scott Hodge is joined by economist Erica York and Senior Policy Analyst Garrett Watson to answer a question U.S. policymakers have been asking for decades: how should we tax research and development (R&D)? R&D is more important than ever as pharmaceutical companies and governments around the world invest in coronavirus research and supply chains. Follow us! | |||
22 Mar 2021 | The World of Excise Taxation | 00:28:07 | |
Senior Policy Analyst Ulrik Boesen joins Tax Foundation President Scott Hodge discuss and explore the wide and varied world of excise taxation. Follow us! | |||
02 Apr 2021 | Recreational Marijuana Taxes | 00:35:51 | |
Tax Foundation President Scott Hodge is joined by Senior Policy Analyst Ulrik Boesen to discuss the taxation of cannabis (marijuana). Follow us! | |||
24 May 2021 | Pleading GILTI: A Guide to the Complicated World of Global Intangible Low Tax Income | 00:24:27 | |
Policymakers in Washington are edging closer to a deal on an infrastructure package. But while many believe it will be an economic boon to workers across the country, one provision tucked deep into the American Jobs Plan could jeopardize jobs across the country. Follow us! | |||
07 Jun 2021 | States Consider Digital Taxes Amidst Conflicting Rationales | 00:27:47 | |
Across the U.S., policymakers of both parties have developed a strong interest in taxing large technology companies through digital advertising taxes, social media taxes, and data taxes. Follow us! | |||
14 Jun 2021 | G7 Agrees to Global Minimum Tax | 00:35:41 | |
One of the hottest topics in the tax world today is the recent announcement by G7 finance ministers that they would support enacting a new, 15 percent global minimum tax. Follow us! | |||
06 Jul 2021 | Semiconducting Tax Policy | 00:20:46 | |
If you've read any headlines in the last few months, you've no doubt heard about the semiconductor shortage gripping global supply chain—and if you've tried to buy anything from a toaster to a car, you've witnessed it firsthand. Follow us! | |||
16 Jul 2021 | The State of State Income Taxes | 00:21:15 | |
As final state revenue figures come in for fiscal year 2021, many states are finding they are in a much healthier position than they ever would have anticipated this time last year. Follow us! | |||
14 Aug 2021 | Tackling the Tax Gap: What Can Be Achieved? | 00:24:09 | |
Increasing enforcement of existing laws instead of increasing taxes is an appealing way to raise revenue. Follow us! | |||
01 Sep 2021 | The One About Crypto | 00:32:26 | |
The quick-moving world of cryptocurrency can be confusing and, at times, comical. Follow us! | |||
14 Sep 2021 | Wake Me Up when Reconciliation Ends | 00:37:30 | |
Reconciliation. One word that drives D.C. crazy, yet has been the way some of Congress’s most monumental bills have become law. Follow us! | |||
24 Sep 2021 | Taxing Decisions, 2021: Minisode 1 | 00:12:35 | |
The reconciliation process on Capitol Hill is underway. Senior policy analyst Garrett Watson joins host Jesse Solis this week to give an update on where the package stands. The two also talk through recent Tax Foundation modeling of the proposal, which found that the plan may not have the economic boost its proponents have claimed. Follow us! | |||
01 Oct 2021 | Federal Policy is Hard | 00:20:20 | |
Federal policy is hard. Federal health care policy during reconciliation while governing with razor-thin margins is really, really hard. This week, senior economist Erica York joins host Jesse Solis to break down the debate on Capitol Hill over drug pricing. They discuss why this policy found its way into the $3.5 trillion reconciliation package and what the tradeoffs would be of having the federal government set prescription drug prices. Follow us! | |||
18 Oct 2021 | Wireless with Strings Attached | 00:24:23 | |
As of 2020, there were more active cell phone and wireless plans in the U.S. than there were Americans—about 448 million, to be precise. The taxes on those plans brought in approximately $11.3 billion and constituted a record 24.96 percent of the cost of an average cell phone bill. Follow us! | |||
28 Oct 2021 | Taxing Decisions, 2021: Minisode 2 | 00:12:20 | |
We have a new framework! President Biden and Congressional Democrats introduced a scaled-back proposal of their reconciliation package this week, with House leadership saying they hope to vote on this new trillion-dollar package ASAP. Follow us! | |||
11 Nov 2021 | Taxing Decisions, 2021: Minisode 3 Revenge of the SALT | 00:15:00 | |
Infrastructure has made its way across the finish line, but the tax debate is far from over on Capitol Hill. Senior policy analyst Garrett Watson joins host Jesse Solis to walk us through the latest iteration of Democrats' trillion-dollar reconciliation package and the myriad tax changes that are being proposed to finance this deal. Follow us! | |||
02 Dec 2021 | Taxing Decisions, 2021: Minisode 4 Waiting on the Senate | 00:13:14 | |
The House has passed the Build Back Better Act, a multi-trillion-dollar package funding a number of social programs that President Biden has made tenets of his agenda. Its chances are still shaky in the Senate, where Democratic leaders have pressed for urgency while moderates have called for a pause. Senior policy analyst Garrett Watson joins host Jesse Solis to discuss the bill's prospects and what tax changes--ranging from SALT to the Child Tax Credit--could change in order to gain enough support for passage. Follow us! | |||
13 Jan 2022 | A Stimulating COVID-19 Discussion | 00:13:50 | |
New research shows that the United States had the second largest fiscal response to the COVID-19 pandemic globally. But did this magnitude of stimulus have the economic impact policymakers were hoping for? Alex Durante, economist at the Tax Foundation, joins host Jesse Solis to take a deeper dive into what these fiscal measures actually achieved and what Capitol Hill might do next in response to the omicron variant. Follow us! | |||
20 Jan 2022 | Tax Season's Greetings | 00:14:52 | |
The 2022 tax filing season is about to begin. But before the first returns have even been processed, the IRS is warning Americans to prepare for the worst. Follow us! |