The Deduction
Tax Foundation
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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Top 10 The Deduction Episodes
Goodpods has curated a list of the 10 best The Deduction episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Deduction for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Deduction episode by adding your comments to the episode page.
A Big-Picture Look at Taxing the Wealthy
The Deduction
06/25/24 • 30 min
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/
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House Votes on the Inflation Reduction Act
The Deduction
08/12/22 • 13 min
The House of Representatives is set to pass the Inflation Reduction Act, the latest iteration of President Biden’s tax and climate agenda.
The road to get to this final package has been anything but easy--with congressional Democrats drastically scaling back the initial $3 trillion Build Back Better agenda.
Garrett Watson joins Jesse to discuss what sacrifices were made by key lawmakers to bring this bill to the finish line. They also look at what the economic impact of this proposal would be as the country continues to face historic rates of inflation.
Links:
https://taxfoundation.org/inflation-reduction-act/
https://taxfoundation.org/tax-on-stock-buybacks/
https://taxfoundation.org/inflation-reduction-act-accelerated-depreciation/
https://taxfoundation.org/inflation-reduction-act-corporate-taxes/
https://taxfoundation.org/book-minimum-tax-analysis/
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12/20/22 • 35 min
When it comes to international economic competition, people often frame the argument as the U.S. versus China.
But across the Atlantic, nation-states in the European Union have been working hard to show the world that they deserve to be considered an economic force.
Rising up to this challenge for the EU is easier said than done. Sean Bray, EU policy analyst at the Tax Foundation, joins Jesse to talk through the EU's challenges--and potential--when it comes to tax and economic policy.
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Windfall Profits Taxes?
The Deduction
06/28/22 • 13 min
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.”
This idea is seemingly simple: legislation targeted at the “excess” profits of oil companies. However, as with anything in tax policy, the reality is much more complicated.
But why exactly have windfall profits taxes risen from the grave, and what put them there in the first place? Host Jesse Solis sits down with Tax Foundation policy analyst Alex Muresianu to find out more.
Links: https://taxfoundation.org/windfall-profits-tax-oil-company-profits/
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Clean Up on the Grocery Tax Aisle
The Deduction
06/09/22 • 19 min
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.
One idea that caught on quickly: sales tax relief on groceries.
The idea had its merits, but Tax Foundation research shows that it may have missed the mark. Tax Foundation Vice President of State Projects Jared Walczak joins Jesse Solis to discuss how grocery sales tax relief became a popular idea, and why it is so hard to nail down progressive vs. regressive tax policy.
Links: https://taxfoundation.org/sales-tax-grocery-tax-exemptions/
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Clearing up Carbon Taxes
The Deduction
05/12/22 • 20 min
Amidst bipartisan climate negotiations on Capitol Hill, there have been renewed calls for a carbon tax.
Carbon taxes have long been magnets for political controversy. But from an economic standpoint, they deserve to be taken seriously.
Federal policy analyst Alex Muresianu joins Jesse Solis this week to talk through the history of climate tax policy, how a pro-growth carbon tax could be designed, and what its chances in DC actually are as the climate crisis worsens.
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Technology and Taxes
The Deduction
07/27/22 • 31 min
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.
From policy to filing, from accounting to compliance: technology is truly shaping the future of taxes. Jesse chats with Ben Alarie, CEO of Blue J, and Garrett Watson, Senior Policy Analyst at the Tax Foundation, about how companies are utilizing technology to comply with new innovations in the tax code and how policymakers can use technology to advance tax laws that support an ever-evolving economy.
Links: https://www.bluej.com/
https://taxfoundation.org/overview-tax-foundations-taxes-growth-model/
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Post-Election Breakdown
The Deduction
11/17/22 • 20 min
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:
https://taxfoundation.org/tax-extenders-2022/
https://taxfoundation.org/tax-cuts-jobs-act-business-tax-increases/
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The UK’s Tax Battles, Part One: How We Got Here
The Deduction
10/18/22 • 35 min
If you’ve been following taxes closely these past few months, you know that the UK is currently undergoing a drastic change.
This episode of The Deduction is part one in our ongoing coverage of the UK’s tax battles. Jesse chats with Tom Clougherty, research director and head of tax at the Centre for Policy Studies in London. Tom talks us through what all went down in the UK this fall: from the leadership elections to the countless U-turns the new prime minister has made to try and reform the country’s tax code.
Shortly after we finished recording this episode, news broke that Chancellor Kwasi Kwatern was being ousted, and Jeremy Hunt would take over the Exchequer, with the promise that, yet again, another U-turn would happen on the country’s budget.
While this episode doesn’t get into that turn of events, it is still a very informative start showing how we got here and where the country should go on taxes.
A quick British glossary for this episode—“Bugbear”: a cause of obsessive fear, irritation, or loathing.
Links:
https://www.taxfoundation.org/mailbag
https://cps.org.uk/our-team/tom-clougherty/
https://taxfoundation.org/uk-capital-allowances-super-deduction/
https://taxfoundation.org/2022-international-tax-competitiveness-index/
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https://twitter.com/deductionpod
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12/01/22 • 26 min
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.
Links:
https://taxfoundation.org/staff/daniel-bunn/
https://twitter.com/danieldbunn
https://www.linkedin.com/in/danielbunn
Follow us!
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https://twitter.com/deductionpod
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FAQ
How many episodes does The Deduction have?
The Deduction currently has 89 episodes available.
What topics does The Deduction cover?
The podcast is about Non-Profit, Tax, Accounting, Podcasts, Finance, Small Business, Economics, Macroeconomics, Business, Politics and Government.
What is the most popular episode on The Deduction?
The episode title 'A Big-Picture Look at Taxing the Wealthy' is the most popular.
What is the average episode length on The Deduction?
The average episode length on The Deduction is 25 minutes.
How often are episodes of The Deduction released?
Episodes of The Deduction are typically released every 14 days, 1 hour.
When was the first episode of The Deduction?
The first episode of The Deduction was released on Sep 25, 2020.
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