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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09/11/24 • 14 min
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.
Links:
https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/
https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/
https://taxfoundation.org/research/federal-tax/2024-tax-plans/
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10/30/24 • 18 min
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/
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Pillar Two: Electric Boogaloo
The Deduction
07/30/24 • 33 min
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.
Links:
https://taxfoundation.org/blog/global-tax-agreement/
https://taxfoundation.org/blog/pillar-two-flaw/
https://taxfoundation.org/taxedu/glossary/oecd-pillar-2-global-minimum-tax/
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09/25/24 • 14 min
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.
Links:
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/research/federal-tax/2024-tax-plans/
https://taxfoundation.org/blog/trump-overtime-tax-exemption/
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https://twitter.com/deductionpod
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10/09/24 • 20 min
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.
Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. Trump could boost take-home pay by expanding the standard deduction and rethinking tariffs. Meanwhile, Harris could spark wage growth by lowering corporate taxes and broadening investment deductions, all while protecting workers.
Links:
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/research/all/federal/donald-trump-tax-plan-2024/
https://taxfoundation.org/blog/trump-overtime-tax-exemption/
https://taxfoundation.org/blog/kamala-harris-corporate-tax-rate-by-state/
https://taxfoundation.org/blog/trump-mckinley-tariffs-great-depression/
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Trump and Biden’s Tariff Tango
The Deduction
06/04/24 • 34 min
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.
Erica York, Senior Economist and Research Director at the Tax Foundation, joins Kyle Hulehan to break down the basics of tariffs, explore historical tariff failures, and discuss the potential long-term effects of maintaining or increasing tariffs.
Links:
- https://taxfoundation.org/research/all/federal/section-232-tariffs-steel-aluminum-2024/
- https://taxfoundation.org/blog/biden-tariffs-china/
- https://taxfoundation.org/blog/trump-biden-protectionism/
- https://taxfoundation.org/blog/biden-trump-tariffs/
- https://taxfoundation.org/blog/retaliatory-tax-trade-policies/
- https://taxfoundation.org/blog/trump-china-trade-war-proposal/
- https://taxfoundation.org/topics/tariffs-and-trade/
- https://taxfoundation.org/research/all/federal/tariffs-trump-trade-war/
- https://taxfoundation.org/blog/donald-trump-10-percent-tariff/
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11/08/24 • 12 min
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/
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Webinar | The Future of US Tax Policy in 2025
The Deduction
11/15/24 • 59 min
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.
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Can US Tax Reforms Keep Up with China?
The Deduction
10/16/24 • 31 min
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/
Follow us!
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https://twitter.com/deductionpod
Support the show
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FAQ
How many episodes does The Deduction have?
The Deduction currently has 101 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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