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TitreDateDurée
The 2026 Ballot Measures Shaping State Taxes07 Oct 202600:34:33

What happens when voters decide tax policy directly? This November, roughly 40 tax measures are on the ballot across 17 states. Some states want higher taxes on top earners, others want to write low rates into their constitutions, and Missouri voters will decide whether to start a fund that could one day replace every state tax.

Joining Kyle and Erica is Janelle Fritts, Senior Policy Analyst at the Tax Foundation. Together, they break down the measures worth watching, from property tax relief to new rules for how taxes get passed.

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California's Wealth Tax Explained (And Why It Might Fail)28 Sep 202600:34:47

California's billionaire tax is on the ballot this November, and it raises more questions than answers. From lost government revenue to legal battles that could drag on for years, what would this first-in-the-nation wealth tax actually do?

Hosts Kyle Hulehan and Erica York are joined by Tax Foundation Senior Fellow Jared Walczak to break down what the measure could mean for California's budget, economy, and taxpayers. They cover the risk to state revenue that funds public education, the effects on businesses and startups, the valuation and constitutional challenges ahead, why wealth taxes failed across Europe, and whether California would ever collect a dime.

0:00 Preview: What if California has to refund it all?
0:15 What is California's Billionaire Tax Act (Prop 40)?
2:30 Lessons from Europe: Why 11 of 14 wealth taxes were repealed
4:40 Why are wealth taxes so hard to enforce?
7:00 Legal vulnerabilities: Retroactivity and snapshot residency
10:45 Commerce Clause problems: Apportionment and fair relation
12:50 Has the U.S. ever had a wealth tax?
15:05 Economic effects: Taxing stocks vs. flows
18:20 Does "one-time" really mean one time?
20:55 The cost of billionaire migration and lost innovation
21:20 Can California actually administer this tax?
22:50 Steep penalties for taxpayers and appraisers
24:15 No rules, tight deadlines
25:30 Voting vs. economic interest: The founder problem
28:15 What happens to California's finances?
29:00 The $100 billion revenue estimate vs. reality
31:40 Litigation and the refund risk
33:55 Wrap-up

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Going Bold: Paul Ryan & Kevin Brady on Tax Reform31 Aug 202600:42:57

Ten years ago, then-Speaker Paul Ryan and Ways and Means Chairman Kevin Brady released the “Better Way” Tax Plan, the blueprint that would eventually become the Tax Cuts and Jobs Act of 2017—the largest overhaul of the US tax code in over 30 years.

With the national debt climbing, Social Security heading toward insolvency, and tariffs reshaping the economy, the next round of reforms will demand bold ideas and a serious look at the trade-offs they carry.

In this special anniversary episode of The Deduction, hosts Erica York and Kyle Hulehan sit down with the plan’s original architects to talk through how it came together, the bold bets they made (and the ones that didn’t pan out, like the border adjustment tax), what a decade of hindsight reveals about its economic impact, and where tax reform goes from here.

GUESTS:

  • Paul Ryan—Former Speaker of the U.S. House of Representatives; former Chairman, House Ways and Means Committee
  • Kevin Brady—Former Chairman, House Ways and Means Committee

HOSTS:

  • Erica York & Kyle Hulehan, Tax Foundation

TIMESTAMPS:

0:00 – Cold Open: The Walgreens Story
0:35 – Welcome to The Deduction
1:19 – How the Better Way Tax Plan Began
3:12 – Becoming Speaker and Ways & Means Chair
4:57 – Why They Decided to "Go Bold"
6:18 – The Vision: Ending Corporate Inversions
7:33 – Destination-Based Cash Flow Tax & Border Adjustment
9:58 – Designing a Tax Code Built for Growth
10:53 – The 2019 Results: Wages, Poverty & Inequality
14:01 – Why Border Adjustment Didn't Survive Politically
19:37 – The Corporate Rate as the "Crown Jewel"
22:14 – Stopping the Inversion Wave
23:36 – What's the Next Motivator for Tax Reform?
25:22 – Kevin's Wishlist: What They'd Still Change
27:21 – House vs. Senate: What Got Left on the Table
28:57 – Revenue Neutrality and the National Debt
30:38 – Winning Over Industry: Building Trust
32:10 – The Case for Entitlement Reform
34:07 – Fixing a Broken Budget Process
38:23 – Final Thoughts: Why Think Tanks Matter
39:51 – The Tax Foundation's Role Then and Now

Subscribe to The Deduction for more conversations on tax policy and economics.
Learn more at TaxFoundation.org

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Is America Financially Illiterate? The Numbers Are Alarming28 Apr 202600:19:30

Most Americans don't understand how the tax code works, and it's costing them. In this episode of The Deduction, host Kyle Hulehan sits down with Zoe Callaway, VP of Education at Tax Foundation, to talk about tax and financial literacy in America. They dig into the results of Tax Foundation's national survey on tax literacy, the most stubborn misconceptions people have about taxes (including one that nearly made a teacher turn down her own promotion), and what's happening in high school classrooms across the country. They also connect everyday tax confusion to bigger policy questions, from tariffs to tax refunds.

📧 Questions? Email us at podcast@taxfoundation.org
🐦 DMs: @DeductionPod on Twitter
💬 Drop a comment below!

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You Might Owe Taxes in a State You Don’t Live In08 Apr 202600:41:06

Should you have to file a tax return in a state where you babysat for one hour? In 22 states, the answer is technically yes.

In this episode of The Deduction, host Kyle Hulehan and co-host Erica York sit down with Katherine Loughead, Director of State Tax Projects at the Tax Foundation, to break down the tangled mess of state nonresident income tax laws — and why they're a growing problem in the remote work era.

Katherine walks us through how credits for taxes paid to other states are supposed to prevent double taxation, why "convenience rules" in 8 states can saddle remote workers with two full tax bills, how a wild patchwork of filing thresholds creates confusion for workers and employers alike, and what reforms states should adopt to simplify the system.

📄 READ THE FULL PAPER:
"Nonresident Income Tax Filing and Withholding Laws by State, 2026"
https://taxfoundation.org/data/all/state/nonresident-income-tax-filing/

📄 RELATED: "State Individual Income Taxes on Nonresidents: Remote Work & Hybrid Work"
https://taxfoundation.org/research/all/state/state-income-taxes-nonresidents/

📄 "How Burdensome Are Your State's Nonresident Income Tax Filing Laws?" (Interactive Map)
https://taxfoundation.org/data/all/state/nonresident-income-tax-filing-laws/

📄 Mobile Workforce State Income Tax Simplification Act
https://taxfoundation.org/blog/complicated-state-taxes-business-travelers/

———

HOSTS & GUEST:

Kyle Hulehan — Host, Senior Marketing Associate & Creative Producer
Tax Foundation: https://taxfoundation.org/about-us/staff/kyle-hulehan

Erica York — Co-Host, Vice President of Federal Tax Policy
Tax Foundation: https://taxfoundation.org/about-us/staff/erica-york
Twitter/X: https://twitter.com/ericadyork
LinkedIn: https://linkedin.com/in/erica-york-a68ab474
Substack: https://ericadyork.substack.com

Katherine Loughead — Guest, Director of State Tax Projects
Tax Foundation: https://taxfoundation.org/about-us/staff/katherine-loughead
Twitter/X: https://twitter.com/KELoughead
LinkedIn: https://linkedin.com/in/katherine-e-loughead-6020a568

———

FOLLOW THE DEDUCTION:
Twitter/X: https://twitter.com/deductionpod

FOLLOW TAX FOUNDATION:
Website: https://taxfoundation.org
Twitter/X: https://twitter.com/TaxFoundation

📬 Have a question? Email us at podcast@taxfoundation.org or DM @DeductionPod on Twitter.

#taxes #remotework #statetaxes #taxfiling #incometax #taxreform #taxfoundation #deduction #podcast #workfromhome

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One Year After "Liberation Day," Did Trump's Tariffs Deliver?02 Apr 202600:39:04

On April 2, 2025, President Trump announced sweeping "reciprocal" tariffs on Liberation Day, promising an investment boom, massive revenue, debt reduction, and lower prices. One year later, Kyle Hulehan and Erica York dig into the data to see how those promises held up.

0:00 - Liberation Day speech recap
2:00 - Were the tariffs actually "reciprocal"?
5:30 - The real math behind the tariff formula
10:00 - Market reactions and policy chaos
14:00 - The promised investment boom that never arrived
17:30 - Tariff revenue vs. projections and the national debt
22:00 - Who actually paid the tariffs?
25:30 - Business uncertainty and real-world impacts
29:30 - Could any version of these tariffs have worked?
36:00 - The five broken promises of Liberation Day
37:00 - What comes next after the Supreme Court ruling

Resources:
Tax Foundation Tariff Tracker: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/
Tax Foundation Trade & Tariff Research: https://taxfoundation.org/research/all/federal/topics/trade/
Subscribe to the Tax Foundation: https://taxfoundation.org/subscribe/

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Should We Tax Artificial Intelligence?11 Mar 202600:37:10

AI is everywhere, and now it's in the tax policy debate. In this episode of The Deduction, hosts Kyle Hulehan and Erica York sit down with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. Together they examine what current labor market data actually shows, why proposals from Senators Sanders and Kelly risk backfiring, and what smarter reforms like worker retraining deductions and consumption-based taxation would strengthen the tax code no matter how the AI story unfolds.


Connect with the Guests

Kyle Hulehan — Host, Senior Marketing Associate and Creative Producer Tax Foundation: taxfoundation.org/about-us/staff/kyle-hulehan 

Erica York — Co-Host, Vice President of Federal Tax Policy Tax Foundation: taxfoundation.org/about-us/staff/erica-york Twitter/X: @ericadyork LinkedIn: linkedin.com/in/erica-york-a68ab474 Substack: ericadyork.substack.com

Alex Muresianu — Senior Policy Analyst, Federal Tax Policy Tax Foundation: taxfoundation.org/about-us/staff/alex-muresianu Twitter/X: @ahardtospell LinkedIn: linkedin.com/in/alex-muresianu-2b1802181


Related Reading

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Trump Tariffs Blocked by the Supreme Court (What’s Next?)25 Feb 202600:18:40

Last Friday, the Supreme Court struck down President Trump’s IEEPA tariffs in a landmark 6-3 decision. In this episode of The Deduction, hosts Kyle Hulehan and Erica York break down what the ruling actually means, from how collections could be refunded to how the administration is already scrambling to put new tariffs in place. Erica walks through why businesses may face even more uncertainty in the near term as a messy patchwork of replacement tariffs takes shape.

---

TIMESTAMPS:
0:00 – Weekend tariff chaos and IEEPA "pdu"
2:00 – What the Supreme Court decided on IEEPA tariffs
4:36 – Which tariffs were struck down (Liberation Day, fentanyl, and more)
5:42 – Will importers get refunds on $160 billion in unlawful collections?
7:54 – Does the ruling improve the economic outlook?
9:00 – What tariff authority does the president still have?
9:42 – Updated Tax Foundation tariff model numbers
12:00 – Section 122 explained: 150-day tariffs and legal questions
14:00 – Section 232, Section 301, and the coming patchwork of tariffs
15:42 – The compliance and administrative waste of tariff policy
17:00 – Can Congress step in and reclaim tariff authority?

---

RESOURCES:
Tax Foundation Tariff Tracker: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/
Tax Foundation IEEPA Tariff Analysis: https://taxfoundation.org/tags/ieepa/

---

CONTACT:
Email: podcast@taxfoundation.org
Twitter/X: @DeductionPod
Twitter/X: @EricaDYork 
Drop a comment below with your tax questions.

---

ABOUT:
The Deduction is a podcast by the Tax Foundation, the world's leading independent tax policy nonprofit. The Tax Foundation has been providing trusted, nonpartisan tax research and analysis since 1937.

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2025 Tax Review | What OBBBA Changed, the Impact of Tariffs, and What’s Next17 Dec 202500:51:58

The One Big Beautiful Bill Act capped off a hectic year for tax policy. It extended key Tax Cuts and Jobs Act provisions, reshaped the outlook for 2026, and raised fresh questions about the deficit. 

In this episode, Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO, and Jared Walczak, Vice President of State Projects, to break down what the law did, walk through our projections, and zoom out to other defining fights of 2025: Trump's "Liberation Day" tariffs, the Supreme Court challenge over presidential tariff power, and the growing wave of property tax revolts across the states. 

 

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Trump’s Tariffs Head to the Supreme Court02 Nov 202500:25:58

In this episode of The Deduction podcast, host Kyle Hulehan and co-host Erica York are joined by Alex Durante, Senior Economist at the Tax Foundation, to discuss the Supreme Court's upcoming decision on whether the president can impose $2.2 trillion in tariffs under the International Emergency Economic Powers Act (IEEPA). 

The conversation covers the origins and implications of these tariffs, their economic impact on consumers and businesses, and the potential outcomes of the court ruling. They also explore the broader theme of presidential authority in trade regulation and the possible legislative responses. Stay tuned for an insightful breakdown of the tariff landscape and its future implications.  

00:00 Introduction and Bananas 

00:36 Welcome to The Deduction Podcast 

01:15 Tariffs and Presidential Authority 

04:15 Impact of Tariffs on Consumers and Businesses 

06:58 Bananas as a Case Study 

08:42 Personal Stories of Tariff Impact 

10:43 Legal Battle Over Tariffs 

14:25 Future of Tariff Policies 

20:53 Congress vs. Presidential Power 

23:32 Conclusion and Listener Engagement 

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Can We Replace the Property Tax?07 Oct 202500:23:56

Property tax repeal would put roughly 70 percent of local tax revenue on the line—forcing states and localities to find something else. Can sales or income taxes really replace it without major rate spikes, burden shifts, and anti-growth incentives? 
 
Kyle Hulehan is joined by Jared Walczak, Vice President of State Projects at Tax Foundation, to unpack the math behind replacement plans, the trade-offs voters should know about, and why reform may beat repeal. 

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Is the OBBBA a Step Back for Tax Simplicity?23 Sep 202500:25:12

In this episode of The Deduction, host Kyle Hulehan discusses the complexities of the US tax system with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. They delve into the staggering 7.1 billion hours Americans spend on tax compliance every year, and explore the impact of the One Big Beautiful Bill Act on simplifying and complicating the tax code. Key topics include the permanence of the Tax Cuts and Jobs Act provisions, the introduction of new deductions, and the challenges and missed opportunities for structural tax reform. They also discuss the significant costs associated with tax compliance and suggest potential reforms for the future. Join us for an insightful conversation on the intricacies of the US tax system and the path ahead. 

Links:

https://taxfoundation.org/research/all/federal/obbba-income-tax-complexity-tax-breaks/

https://taxfoundation.org/research/all/federal/one-big-beautiful-bill-act-tax-changes/

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The Big Beautiful Bill's Impact on State Taxes, Explained27 Aug 202500:22:08

Congress may have passed the One Big Beautiful Bill Act (OBBBA), but state lawmakers now face big choices. Most states link their tax codes to the federal system, meaning OBBBA’s provisions—good and bad—are about to ripple across state budgets.  
 
In this episode, we explain why federal tax changes can automatically affect your state tax bill, the costly new personal deductions with limited benefits, and the pro-growth business provisions that remove barriers to investment and jobs. 

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Trump Tariffs Explained: Grocery Prices and Rebate Checks12 Aug 202500:29:06

Trump’s 2025 tariffs will hit nearly three-quarters of US food imports, raising prices on products that are often difficult or impossible to produce domestically. Senator Hawley has proposed a rebate program to return some of the revenue to households—but would it actually help? 

Kyle Hulehan is joined by Alex Durante, Senior Economist at the Tax Foundation, to unpack how these tariffs work, the economic trade-offs of a rebate, and why repealing tariffs may be the most effective solution.

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Tax-Free Weekends: When Popular Policy Meets Poor Economics05 Aug 202500:17:26

They’re popular, highly visible, and marketed as tax relief—but research shows sales tax holidays are inefficient, create compliance headaches, and often miss the mark for the taxpayers they’re meant to help. 

Kyle Hulehan is joined by Katherine Loughead, Senior Policy Analyst and Research Manager at the Tax Foundation. Together, they break down why these policies persist—and what better alternatives might look like. 

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Will Trump Accounts Actually Help Families Save?23 Jul 202500:17:05

Who are Trump Accounts really for, and will they actually help families save? With yet another savings vehicle added to an already confusing system, do these accounts solve a real problem—or just add more complexity?

In this episode, we break down what Trump Accounts are, how they work, and why they might not be the game-changer they sound like. We also explore why the U.S. savings system is failing most Americans and what a simpler, universal approach could look like.

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The One Big Beautiful Bill Is Law—Now What?15 Jul 202500:34:43

The One Big Beautiful Bill is now law—but what does it actually do? In this episode, we break down the new tax law’s key provisions, including who benefits, who doesn’t, and what it means for the economy, tax certainty, and the federal deficit. 

Kyle Hulehan is joined by Daniel Bunn, President and CEO of Tax Foundation, and Garrett Watson, Director of Policy Analysis. Together, they dive into the bill’s temporary vs. permanent changes, its international implications, and how it sets the stage for future tax policy debates.

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The One Big Beautiful Tax Bill: What’s In It, What’s Out01 Jul 202500:13:30

Congress is racing to pass the One Big Beautiful Tax Bill before the July 4 
deadline.

In this episode, Kyle Hulehan and Erica York break down what just 
happened over the weekend, what’s actually in the bill, and what comes 
next as the House and Senate try to reconcile their differences.

Learn more: 

“Big Beautiful Bill” Senate GOP Tax Plan: Preliminary Details and Analysis: 
https://taxfoundation.org/research/all/federal/big-beautiful-bill-senate-gop-tax-plan/

Budget Reconciliation Tracker: https://taxfoundation.org/research/all/federal/trump-tax-cuts-2025-budget-reconciliation/

“Big Beautiful Bill” House GOP Tax Plan: Preliminary Details and Analysis: https://taxfoundation.org/research/all/federal/big-beautiful-bill-house-gop-tax-plan/

The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill: https://taxfoundation.org/blog/one-big-beautiful-bill-pros-cons/

House Tax Package Could Double Economic Growth Impact by Prioritizing Permanence for TCJA Business Provisions: https://taxfoundation.org/blog/house-tax-plan-economic-growth-impact-business-tax-permanent/

A More Generous SALT Deduction Cap in the Big, Beautiful Bill Would Cost Revenue and Primarily Benefit High Earners: https://taxfoundation.org/blog/salt-deduction-cap-increase-proposal-analysis/

House “One Big Beautiful Bill” Riddled with Temporary Tax Policy: https://taxfoundation.org/blog/house-one-big-beautiful-bill-temporary-tax-policy/

Current Trump Tariffs Threaten to Offset Benefits of Promised Tax Cuts: https://taxfoundation.org/blog/trump-tariffs-tax-cuts/

House GOP’s Approach to the IRA Clean Energy Tax Credits: Five Things to Know: https://taxfoundation.org/blog/ira-clean-energy-tax-credits-house-gop-ways-means-bill/

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Breaking Down the Senior Deduction in the One, Big, Beautiful Bill17 Jun 202500:17:08

The House-passed reconciliation bill leaves out Trump’s promise to eliminate taxes on Social Security benefits, opting instead to expand the standard deduction for seniors. 

In this episode, Kyle Hulehan and Erica York are joined by Alex Durante to unpack how the deduction works, who benefits most, and how it compares to repealing Social Security taxes. 

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One, Big, Beautiful Bill: The Good, the Bad, and the Ugly02 Jun 202500:24:44

From generous tax breaks to costly trade-offs, the House GOP’s One, Big, Beautiful Bill has a little of everything. It’s a sweeping attempt to extend key provisions of the 2017 Tax Cuts and Jobs Act before they expire in 2026—but what’s actually in it?

Kyle Hulehan and Erica York are joined by Garett Watson, Director of Policy Analysis at the Tax Foundation, to break down the good, the bad, and the ugly: who benefits, what it could mean for the economy, and how it might reshape your tax bill.

Learn more: 

Budget Reconciliation Tracker: https://taxfoundation.org/research/all/federal/trump-tax-cuts-2025-budget-reconciliation/

“Big Beautiful Bill” House GOP Tax Plan: Preliminary Details and Analysis: https://taxfoundation.org/research/all/federal/big-beautiful-bill-house-gop-tax-plan/

The Good, the Bad, and the Ugly in the One, Big, Beautiful Bill: https://taxfoundation.org/blog/one-big-beautiful-bill-pros-cons/

House Tax Package Could Double Economic Growth Impact by Prioritizing Permanence for TCJA Business Provisions: https://taxfoundation.org/blog/house-tax-plan-economic-growth-impact-business-tax-permanent/

A More Generous SALT Deduction Cap in the Big, Beautiful Bill Would Cost Revenue and Primarily Benefit High Earners: https://taxfoundation.org/blog/salt-deduction-cap-increase-proposal-analysis/

House “One Big Beautiful Bill” Riddled with Temporary Tax Policy: https://taxfoundation.org/blog/house-one-big-beautiful-bill-temporary-tax-policy/

Current Trump Tariffs Threaten to Offset Benefits of Promised Tax Cuts: https://taxfoundation.org/blog/trump-tariffs-tax-cuts/

House GOP’s Approach to the IRA Clean Energy Tax Credits: Five Things to Know: https://taxfoundation.org/blog/ira-clean-energy-tax-credits-house-gop-ways-means-bill/

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Are Trump’s Tariffs Legal? Here’s What the Courts Say29 May 202500:08:58

It’s been a whirlwind 24 hours in tariff news: first, a trade court blocked Trump’s sweeping new tariffs, calling them executive overreach. Then, a federal appeals court reinstated them—at least for now. We break down what happened, what’s next, and why it matters.

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The One Big Beautiful Bill, Explained20 May 202500:17:08

We break down the House GOP’s One, Big, Beautiful Bill—a sweeping tax package designed to extend key parts of the 2017 Tax Cuts and Jobs Act before they expire in 2026.

Kyle Hulehan is joined by Garett Watson, Director of Policy Analysis at the Tax Foundation, to unpack what’s actually in the bill, who benefits the most, and how it could impact the economy, federal revenue, and your taxes.

Links: 

https://taxfoundation.org/blog/house-one-big-beautiful-bill-temporary-tax-policy/

https://taxfoundation.org/research/all/federal/big-beautiful-bill-house-gop-tax-plan/

https://taxfoundation.org/blog/house-tax-plan-economic-growth-impact-business-tax-permanent/



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What Happens If Social Security Runs Out in 2035?07 May 202500:39:06

What happens when the country’s most important retirement program runs out of money? Social Security faces a funding crisis by 2035. We unpack how the system works, why it’s in trouble, and what fixes could keep it afloat.

Kyle Hulehan and Erica York are joined by Alex Durante, Senior Economist at the Tax Foundation. Together, they break down the trade-offs behind today’s biggest Social Security reform ideas.

 Links: 

https://taxfoundation.org/blog/how-the-payroll-tax-base-has-changed-over-time/

https://taxfoundation.org/research/all/federal/social-security-reform-options/

https://taxfoundation.org/blog/medicare-social-security-tax-spending-deficits/

https://taxfoundation.org/research/all/federal/us-debt-budget-taxes-spending-social-security-medicare/

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The Truth About Tariffs—Fact-Checking Trump’s Trade Claims04 Apr 202500:23:16

Do tariffs really level the playing field, or are they just bad economics? In this emergency episode, we fact-check the Trump administration’s claims that retaliatory tariffs make trade fairer. 

Kyle Hulehan and Erica York break down the flawed research behind these arguments, explain who actually pays for tariffs, and discuss their real impact on businesses and consumers. 

Links: 

https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

https://taxfoundation.org/blog/trump-reciprocal-tariffs-calculations/

https://taxfoundation.org/blog/trump-tariffs-prices-long-term-effects/

https://taxfoundation.org/topics/tariffs-and-trade/

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Understanding the 5 Most Critical Tax Issues in Today’s Debate02 Apr 202500:48:21

What are the biggest tax stories shaping policy today—and what do they mean for you? In our 100th episode, we break down the five biggest tax stories, from the global tax deal to the looming expiration of the Tax Cuts and Jobs Act. 

Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO of  Tax Foundation, and Garrett Watson, Director of Policy Analysis. We also dive into the Inflation Reduction Act, the CHIPS and Science Act, the rise of flat taxes in states, and the role of tariffs in tax policy. 

 Links: 

https://taxfoundation.org/podcast/all/understanding-property-taxes/

https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

https://taxfoundation.org/blog/global-tax-agreement/

https://taxfoundation.org/blog/flat-tax-state-income-tax-reform/

https://taxfoundation.org/blog/inflation-reduction-act-ira-credits-repeal-reform/

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Understanding the Property Tax05 Mar 202500:17:31

With property tax bills on the rise, homeowners are searching for answers—and some even want to abolish the tax altogether. In this episode, we break down why property taxes are increasing, discuss common but flawed solutions, and explain why the property tax remains an economically efficient revenue source. 

Senior Policy Analyst Manish Bhatt joins hosts Kyle Hulehan and Erica York to explore levy limits, circuit breakers, and policy reforms that could provide relief without distorting the housing market. 

Links: 
https://taxfoundation.org/research/all/state/property-tax-relief-reform-options/

https://taxfoundation.org/data/all/state/property-taxes-by-state-county/

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The High Stakes of Sports Betting Taxes11 Feb 202500:26:01

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/

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Trump’s Tariff War Returns05 Feb 202500:19:07

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 War

Questions About Tax Cuts, Tariffs, and Reconciliation After the Election

Why the Economic Effects of Taxes (Including Tariffs) Matter

Five Things To Know About Trump’s Income Tax and Tariffs Idea

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Will Your Taxes Go Up? Best- and Worst-case Scenarios for Tax Reform in 202522 Jan 202500:20:02

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 more

  • Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US See more

  • Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations See more

  • A Tax Reform Plan for Growth and Opportunity: Details & Analysis See more

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What Should Taxpayers Expect in 2025?23 Dec 202400:09:02

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-...

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Behind the Numbers: Budget Shenanigans and the National Debt11 Dec 202400:29:22

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/

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Webinar | The Future of US Tax Policy in 202515 Nov 202400:59:44

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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Post-Election Analysis: Trump’s Tax Plans and Economic Impact08 Nov 202400:12:31

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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Election Insights | Can Trump's Tariff Plan Really Replace the Income Tax?30 Oct 202400:18:30

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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Election Insights | Tax Hikes Are Coming, Regardless of Who’s in the White House23 Oct 202400:13:11

Are tax increases on the horizon in 2025, no matter who takes office? In this episode, we explore why changes to the tax code could hit your wallet, regardless of which party comes out on top.

Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. They break down the expiration of the Tax Cuts and Jobs Act, Trump’s plans for the tax code, and Harris’s proposals to raise taxes.

Links

  • Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US See more
  • Tax Calculator: How the TCJA’s Expiration Will Affect You See more
  • Why Are the Individual Tax Cuts Expiring? See more
  • Tracking 2024 Presidential Tax Plans See more
  • Harris Tax Plan Ideas: Details and Analysis See more
  • Trump Tax Plan Ideas: Details and Analysis See more
  • Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations See more

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Can US Tax Reforms Keep Up with China?16 Oct 202400:31:52

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/ 

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Election Insights | How to Fix Trump’s and Harris’s Tax Plans09 Oct 202400:20:13

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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Election Insights | Whose Plan Wins? Trump vs. Harris on Taxes25 Sep 202400:14:34

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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Bob Stack Unpacks US Challenges in Global Tax17 Sep 202400:27:59

What are the key challenges facing global tax policy today? Bob Stack, an international tax expert, explores the implications of the EU’s adoption of Pillar Two and the potential for streamlining overlapping policies. He also addresses the issues that the US faces in global tax policy with the upcoming elections. 

In this insightful discussion, Bob dives into these pressing issues, drawing on his extensive experience at the US Department of the Treasury. He offers valuable insights into the OECD Inclusive Framework and the transformative Pillar Two.

Links:

https://taxfoundation.org/blog/pillar-two-unintended-consequences/

https://taxfoundation.org/blog/global-tax-agreement/

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Election Insights | Trump on Taxes, Tariffs, & Harris’s Economic Plans11 Sep 202400:14:26

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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Election Insights | Taxes, Kamala Harris, and the DNC’s Vision28 Aug 202400:11:22

 Dive into the highlights from the DNC as we break down Vice President Kamala Harris's tax proposals and their potential impact on everyday families. What do higher taxes on businesses and the wealthy mean for working Americans?
 
 Erica York, Senior Economist and Research Director, joins Kyle Hulehan to examine her VP pick, Tim Walz, and how his progressive tax policies have shaped Minnesota's economy. Plus, we’ll take a closer look at Harris's child tax credit expansion. 

 Links:

https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/

https://taxfoundation.org/blog/tim-walz-tax-policies/

https://taxfoundation.org/research/federal-tax/2024-tax-plans/

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Do Americans Abroad Still Pay US Taxes?15 Aug 202400:31:22

How does living abroad impact the taxes an American has to pay? Unlike most countries that tax based on residency, the US employs citizenship-based taxation, meaning Americans are taxed on their global income regardless of where they reside. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed.
 
In this discussion, Marylouise Serrato from American Citizens Abroad, joins Kyle Hulehan to explore the implications of FATCA for Americans living outside the United States. Together, they’ll unpack the compliance hurdles and misconceptions surrounding US tax obligations abroad, offering insights on the future of tax policy and its impact on the global American community.
 
 Links:
 
 https://www.americansabroad.org/

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Pillar Two: Electric Boogaloo30 Jul 202400:33:57

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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Tax Cuts vs. Tax Reform09 Jul 202400:28:19

Tax cuts vs. tax reform: what’s the real difference, and why does it matter? In this episode, we uncover why retroactive tax cuts and temporary tax breaks often miss the mark for long-term growth and how revenue-neutral tax reform can streamline the tax system without altering overall federal revenue. 

Erica York, Senior Economist and Research Director at the Tax Foundation, joins host Kyle Hulehan to reveal the true impact of tax policies on households and businesses and discuss how changes in marginal tax rates drive economic decisions. 

 

Links: 

https://taxfoundation.org/blog/unified-theory-misconceptions-tax-reform-debate/ 

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A Big-Picture Look at Taxing the Wealthy25 Jun 202400:30:54

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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Trump and Biden’s Tariff Tango04 Jun 202400:34:07

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: 

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A Journey Through Germany’s Tax Laws21 May 202400:33:22

Get ready to hit the autobahn and explore the world of German taxes! We'll navigate the complexities of Germany’s corporate tax structure, including the combined federal and local rates, and unravel the complexities of local trade taxes and the real estate transaction tax, exploring their impact on businesses and property investments.
 
 Alex Mengden, Global Policy Analyst, joins Kyle Hulehan to discuss Germany's unique federal system shaping state and local taxes, the intricacies of the value-added tax (VAT), and the substantial labor tax burden.

Links:
 https://taxfoundation.org/data/all/eu/germany-trade-tax-rates/ 

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From Gallons to Miles: Rethinking Road Taxes 07 May 202400:32:17

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/

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Taxocracy Tales with Scott Hodge23 Apr 202400:28:22

 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
 

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Survey Says Tax Confusion09 Apr 202400:16:16

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/ 

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