The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, eac...
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.Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
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59:44
Post-Election Analysis: Trump’s Tax Plans and Economic Impact
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/research/all/federal/donald-trump-tax-plan-2024/ https://taxfoundation.org/blog/trump-tariffs-revenue-estimates/ https://taxfoundation.org/blog/largest-tax-increase-harris-trump/ Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
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12:31
Election Insights | Can Trump's Tariff Plan Really Replace the Income Tax?
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?To unpack these questions, Kyle Hulehan is joined by Erica York, Senior Economist and Research Director, as they explore the impact of tariffs on household budgets and the economy as a whole. They’ll also revisit the McKinley Tariff era to see what history can teach us about the possible political backlash and economic consequences.Links: https://taxfoundation.org/blog/trump-income-tax-tariff-proposals/https://taxfoundation.org/research/federal-tax/2024-tax-plans/https://taxfoundation.org/blog/trump-income-tax-tariff-proposals/https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/https://taxfoundation.org/blog/trump-mckinley-tariffs-great-depression/https://taxfoundation.org/blog/import-tariffs-affect-exports/https://taxfoundation.org/blog/economic-effects-taxes-tariffs/Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
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18:30
Election Insights | Tax Hikes Are Coming, Regardless of Who’s in the White House
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.LinksExpiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US See moreTax Calculator: How the TCJA’s Expiration Will Affect You See moreWhy Are the Individual Tax Cuts Expiring? See moreTracking 2024 Presidential Tax Plans See moreHarris Tax Plan Ideas: Details and Analysis See moreTrump Tax Plan Ideas: Details and Analysis See moreOptions for Navigating the 2025 Tax Cuts and Jobs Act Expirations See moreSupport the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
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13:11
Can US Tax Reforms Keep Up with China?
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. Links: https://taxfoundation.org/research/all/federal/us-chinese-economy-investment-manufacturing/ Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code. Listen to the leading tax podcast! Have a question for one of our experts, let us know here: https://taxfoundation.org/mailbag. Follow us on Twitter @deductionpod: https://twitter.com/deductionpod
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