Effective Tax Policy vs Campaign Buzzwords, Breaking Down "No Tax On Tips" & more w/ Alex Muresianu

Heard Tell

Your Heard Tell Show is turning down the noise of the news cycle and getting to the information we need to discern our times by talking to our friend Alex Muresianu from The Tax Foundation to explain "no tax on tips" and why there is bipartisan political agreement for it, and bipartisan agreement in policy circles it is a bad idea. Plus, Alex gives us some useful guidelines to use when we hear terms like "tax cut" "raise taxes" and "run business like a government" on the campaign trail and how the rhetoric usually doesn't match up with policy or political reality. Also, Alex gets into how understanding tax as the foundational building block of funding the government has been lost, how we should be talking about tax policy, and why it is so hard to get folks to care about the long-term financial wellbeing of our country.

All that and more on this episode of Heard Tell.

Timestamps:

00: Intro/ Policy silly season, tax policy basics, importance of tax policy to US government

8:12 Tax terms in politics: good working definitions of "tax cuts" "raise your taxes" and "run the government like a business" and how that nomenclature does/doesn't help understanding the issues

17:22 The "no tax on tips" debate that Kamala Harris and Donald Trump are both campaigning on, that has bipartisan congressional support, and bipartisan policy wonk agreement that it is a bad idea

31:40 Infrastructure spending as an example of how tax spending and policy work on a practical level and as political tools

42:30 Long-term view of tax policy, why it is so hard to have discussions on taxes and issues like the national debt.

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