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...
How should states approach the unique challenges and opportunities presented by sports betting? In this episode, Adam Hoffer, Director of Excise Tax Policy at the Tax Foundation, joins Kyle Hulehan to unpack the intricacies of sports betting tax policy during one of the biggest betting events of the year—Super Bowl 59.https://taxfoundation.org/research/all/state/sports-betting-tax-revenue/https://taxfoundation.org/data/all/state/sports-betting-taxes-by-state-2024/Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
--------
26:01
Trump’s Tariff War Returns
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. Links: Trump Tariffs: Tracking the Economic Impact of the Trump Trade WarQuestions About Tax Cuts, Tariffs, and Reconciliation After the ElectionWhy the Economic Effects of Taxes (Including Tariffs) MatterFive Things To Know About Trump’s Income Tax and Tariffs IdeaSupport the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
--------
19:07
Will Your Taxes Go Up? Best- and Worst-case Scenarios for Tax Reform in 2025
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.Tax Calculator: How the TCJA’s Expiration Will Affect You See moreExpiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US See moreOptions for Navigating the 2025 Tax Cuts and Jobs Act Expirations See moreA Tax Reform Plan for Growth and Opportunity: Details & Analysis See moreSupport the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
--------
20:02
What Should Taxpayers Expect in 2025?
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. Links: https://taxfoundation.org/testimony/t... https://taxfoundation.org/blog/trump-...Support the showFollow us!https://twitter.com/TaxFoundationhttps://twitter.com/deductionpodSupport the show
--------
9:02
Behind the Numbers: Budget Shenanigans and the National Debt
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. Kyle is joined by Erica York, Senior Economist and Research Director, along with Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation. Together, they compare current policy with current law baselines and dive into how these decisions could impact future deficits, economic growth, and fiscal policy.Links: https://taxfoundation.org/blog/extending-tax-cuts-budgetary-impact/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
Colombia