About this episode
On Tuesday, President Biden shared his policy aspirations during the State of the Union address. The commander in chief outlined three tax proposals in his remarks: quadrupling the brand-new excise tax on stock buybacks, instituting a “billionaire minimum tax,” and extending the now-lapsed expanded Child Tax Credit.
Erica York and Alex Muresianu from the federal tax policy team joined Jesse to give a run-down of Tuesday night’s events. They discuss the prospects of major tax changes becoming law in a divided government and what these proposals signal about how President Biden thinks about tax policy as he enters the latter half of his first term.
Links:
https://taxfoundation.org/biden-state-of-the-union-tax-proposals/
https://taxfoundation.org/inflation-reduction-act-stock-buybacks/
https://taxfoundation.org/biden-billionaire-tax-unrealized-capital-gains/
https://taxfoundation.org/child-tax-credit-reform/
https://taxfoundation.org/biden-administration-tax-proposals/
https://www.wsj.com/articles/why-does-the-u-s-tax-code-penalize-r-d-big-tech-innov[…]acturing-production-growth-inflation-silicon-valley-11674415751
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
Get every episode summarized
Each time The Deduction publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Deduction
Going Bold: Paul Ryan & Kevin Brady on Tax Reform
The Deduction
Is America Financially Illiterate? The Numbers Are Alarming
The Deduction
You Might Owe Taxes in a State You Don’t Live In
The Deduction
One Year After "Liberation Day," Did Trump's Tariffs Deliver?
The Deduction