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Is a Major Tax Change Coming?

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Innhold levert av EconoFact. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av EconoFact eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
The 2017 Tax Cut and Jobs Act was among the most sweeping realignments of the U.S. tax code in over three decades. It lowered tax rates, simplified taxes, raised the government debt, and was regressive, benefitting people who are well off more than the middle-class and the poor. But many of the Act's provisions are set to expire at the end of 2025 unless action is taken to preserve them. What would the expiration, or the continuation, of these provisions mean for people’s tax burdens, government debt, and the performance of the American economy? Bill Gale joins EconoFact Chats to discuss these questions. Bill is an economist at the Brookings Institution, and is co-director of The Urban-Brookings Tax Policy Center. His most recent book is 'Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future.'
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287 episoder

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Is a Major Tax Change Coming?

EconoFact Chats

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Manage episode 451733811 series 2792031
Innhold levert av EconoFact. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av EconoFact eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
The 2017 Tax Cut and Jobs Act was among the most sweeping realignments of the U.S. tax code in over three decades. It lowered tax rates, simplified taxes, raised the government debt, and was regressive, benefitting people who are well off more than the middle-class and the poor. But many of the Act's provisions are set to expire at the end of 2025 unless action is taken to preserve them. What would the expiration, or the continuation, of these provisions mean for people’s tax burdens, government debt, and the performance of the American economy? Bill Gale joins EconoFact Chats to discuss these questions. Bill is an economist at the Brookings Institution, and is co-director of The Urban-Brookings Tax Policy Center. His most recent book is 'Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future.'
  continue reading

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