The Deduction

Buckle up as we navigate the twists and turns of infrastructure and road funding. As electric vehicles gain traction, traditional gas taxes are running out of fuel to support our infrastructure budget. Today, we're exploring how Vehicle Miles Traveled (VMT) taxes pave a more equitable and sustainable path for funding road maintenance and construction.

Adam Hoffer, the Director of Excise Tax Policy, joins Kyle Hulehan to unpack the challenges and opportunities of VMT taxes. They will explore the innovative technologies used for mileage tracking and address the significant privacy concerns involved.

Links:
https://taxfoundation.org/research/all/federal/road-funding-vehicle-miles-traveled-tax/
https://taxfoundation.org/taxedu/glossary/gas-tax/

Support the Show.

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

All taxes tell a story, and today we’ll explore how taxes influenced Bob Dylan's decision to sell his music catalog, how the "chicken tax" reshaped the auto industry, and how the historic "tax on air and light" had profound effects on architecture and living conditions.

Scott Hodge, President Emeritus & Senior Policy Advisor at the Tax Foundation, joins host Kyle Hulehan to discuss his new book, Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life.

Links:
https://www.amazon.com/Taxocracy-What-About-Taxes-Daily/dp/B0CL3BXBVS

Support the Show.

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

All Americans are affected by the tax code—but do they understand the tax code? To find out, the Tax Foundation’s educational program, TaxEDU, and Center for Federal Tax Policy conducted a poll with Public Policy Polling. The poll surveyed more than 2,700 U.S. taxpayers over 18 years old—spanning the political spectrum and income distribution—to gauge Americans’ knowledge of basic tax concepts and opinions of the current tax code.

The results: most Americans are confused by and dissatisfied with the federal tax code.

Links:

https://taxfoundation.org/blog/national-tax-literacy-poll-education/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

In the context of the 2024 election year, what does President Biden's 2025 budget proposal signify regarding his strategies and priorities as he seeks reelection? And how could these proposals shape the overall landscape of this election cycle?

Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss the president’s plan—from raising the corporate tax rate to implementing a billionaires' tax—and the longstanding flaws in the budget process.

Links:

• Taxing Consumption Progressively Is a Better Way to Tax the Wealthy
• How Taxing Consumption Would Improve Long-Term Opportunity and Well-Being for Families and Children
• Tax Calculator: How the TCJA’s Expiration Will Affect You
• Details and Analysis of Making the 2017 Tax Reforms Permanent
• How to Rein in the National Debt

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Today, we're examining the differences between the broad incentives provided by the Tax Cuts and Jobs Act and the targeted approach of the Inflation Reduction Act and the CHIPS and Science Act.

Alex Muresianu, Senior Policy Analyst at the Tax Foundation, joins Kyle Hulehan to explore these policies' intentions, tangible effects on specific sectors, and impact on the broader U.S. economy.

Links:

https://taxfoundation.org/research/all/federal/supply-side-economics-industrial-policy/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

As the world of tax policy becomes more interconnected, the Tax Foundation is stepping up, recognizing the pressing need for informed and principled tax policy education in an ever-evolving landscape.

In response, we are broadening our scope by establishing a presence at the epicenter of European tax policy discussions: Brussels.

Sean Bray, Director of European Policy at the Tax Foundation, and Edwin Visser, Deputy Global Tax Policy Leader at PwC Netherlands, join Kyle Hulehan to discuss the launch of Tax Foundation Europe.

Links:

https://taxfoundation.org/blog/tax-foundation-europe-launches/

https://taxfoundation.org/eu/

https://taxfoundation.org/eu/research/european-tax-policy-scorecard/

https://taxfoundation.org/research/all/eu/eu-green-transition-tax-policy/

https://taxfoundation.org/research/all/eu/capital-gains-taxation-eu/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Sales taxes go beyond a few extra bucks at the register. It’s not just about what you pay, but who pays. What are the implications of state sales tax bases across the U.S.?

Katherine Loughead, Senior Policy Analyst & Research Manager at the Tax Foundation, joins Kyle Hulehan. Together, we'll uncover the core principles behind an efficient sales tax system and examine how taxing business inputs can lead to economic inefficiencies and higher prices for consumers.

Links:

https://taxfoundation.org/research/all/state/kentucky-sales-tax-reform/

https://taxfoundation.org/data/all/state/2024-sales-taxes/

https://taxfoundation.org/taxedu/glossary/tax-pyramiding/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Today, we're exploring the intricacies of the latest congressional act stirring up Washington—The Tax Relief for American Families and Workers Act of 2024.

Erica York, Senior Economist and Research Director at the Tax Foundation, joins Kyle Hulehan to dissect its key features, including the restoration of crucial business investment provisions, an expansion of the Child Tax Credit, and changes to pandemic-era tax credits.

The conversation also sheds a light on the act's temporary and retroactive dimensions, which could leave taxpayers in uncertain, and confusing, territory.

Links:

• https://taxfoundation.org/blog/bipartisan-tax-deal-2024-tax-relief-american-families-workers-act/
• https://taxfoundation.org/blog/bipartisan-tax-deal-revenue-challenges/
• https://taxfoundation.org/research/all/federal/making-2017-tax-reform-permanent/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Financial literacy is a problem that educators around the country are trying to tackle. Today, we’re speaking with Jed Collins, a former NFL player, who is leading the charge in the financial education arena by guiding high school and college students, as well as professional athletes, through the world of finance. He’s passing down essential knowledge on understanding taxes, showing students that a good financial game plan can lead them towards a prosperous future.

Links:
https://taxfoundation.org/taxedu/podcast/all/economic-education-month/
https://taxfoundation.org/blog/do-people-really-move-because-of-taxes/
https://course.yourmoneyvehicle.com/p/your-money-vehicletke
https://yourmoneyvehicle.com/product-one-hour-course-certification-tax/
https://yourmoneyvehicle.com/high-schools/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Americans are saving less. While the U.S. saving rate has regularly lagged behind its peers, it has yet to return to pre-pandemic levels. Increasingly, people are turning to credit cards to fill the gaps in their budgets.

Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss why the U.S. is struggling to save and what solutions exist within the tax code to help Americans save more.

Links:
https://taxfoundation.org/blog/personal-saving-retirement-taxes/

https://taxfoundation.org/research/all/federal/case-for-universal-savings-accounts/

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show