Podcasts about house ways

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Latest podcast episodes about house ways

Beacon Hill in 5
Mass. House lawmakers push big spending hike despite federal funding fears

Beacon Hill in 5

Play Episode Listen Later Apr 21, 2025 5:41


The Mass. House Ways and Means Committee released its $61.4 billion fiscal 2026 budget. Floor deliberations are planned for the week of April 28.

Facing the Future
No Simple Solutions for Unsustainable Debt

Facing the Future

Play Episode Listen Later Apr 10, 2025 42:58


This week on Facing the Future our guest was Rep. David Schweikert (R-AZ), a member of the House Ways and Means Committee and chairman of the bicameral Joint Economic Committee. He gave us his perspective on what it will take to get the U.S. fiscal house in order, why the budget and the economy are intricately intertwined, and why it is so important to act before a crisis hits.    We also got his candid take on this year's Congressional budget process, which he said "shows the level of perversity there is on telling the truth about the math.” Concord Coalition Executive Director Carolyn Bourdeaux joined the conversation. 

WKXL - New Hampshire Talk Radio
Facing the Future | No Simple Solutions for Unsustainable Debt

WKXL - New Hampshire Talk Radio

Play Episode Listen Later Apr 10, 2025 42:58


This week on Facing the Future our guest was Rep. David Schweikert (R-AZ), a member of the House Ways and Means Committee and Chairman of the bicameral Joint Economic Committee. He gave us his perspective on what it will take to get the U.S fiscal house in order, why the budget and the economy are intricately intertwined, and why it is so important to act before a crisis hits. Concord Coalition Executive Director Carolyn Bourdeaux joined the conversation.

Kendall And Casey Podcast
Statehouse Happenings: Taxpayers Draw Short Straw in House Property Tax Plan

Kendall And Casey Podcast

Play Episode Listen Later Apr 9, 2025 29:50


The House Ways and Means Committee has passed its version of property tax reform. While it includes a huge win for big business, not so much for homeowners or renters. Not only will their tax relief be minimal, but it could also be offset by potential income tax increases. The public is not happy with the plan and the House appears dead set on passing it. What's next? Rob Kendall, Jim Merritt, and Abdul-Hakim Shabazz discuss on this week's Statehouse Happenings.See omnystudio.com/listener for privacy information.

NTD News Today
China, EU Retaliate as US Trade Tariffs Kick in; House Panel Reviews US 2025 Trade Policy

NTD News Today

Play Episode Listen Later Apr 9, 2025 39:52


Beijing announced a tariff hike on U.S. imports to 84% from 34%, shortly after America's 104% tariffs on Chinese imports kicked in on Wednesday. The EU said it would impose 25% tariffs on a range of U.S. imports in a first round of countermeasures. The 27-member bloc faces U.S. tariffs of 20% on most products and higher duties on autos and steel. Countermeasures in Canada, a close U.S. ally and major trading partner, also took effect on Wednesday.U.S. Trade Representative Jamieson Greer testified on Wednesday before the House Ways and Means Committee on President Donald Trump's 2025 trade policy agenda.

InfluenceWatch Podcast
Episode 359: Stacey Abrams and the New Georgia Scandal

InfluenceWatch Podcast

Play Episode Listen Later Apr 4, 2025 21:49


While we at Capital Research Center may not have a favorite Internal Revenue Service regulation, we do find one to be particularly relevant to our work on nonprofits in the public policy process: “Restriction of political campaign intervention by Section 501(c)(3) tax-exempt organizations.” Long story short, if you're a public charity, you're free to be ideological, but you cannot endorse or support candidates for office. And New Georgia Project, the charitable-nonprofit voter outreach group of serial Georgia candidate Stacey Abrams, is on the hot seat for allegedly breaking that regulation, with the group paying a state fine for campaign finance violations, the Chairman of the House Ways and Means Committee asking the IRS to revoke the group's tax exemption, and the state Senate investigating the Abrams-New Georgia relationship. Campaign finance expert Hans Von Spakovsky joins us to discuss what's going on down in Georgia.New Georgia Project Leader Resigns After Ethics FineStacey Abrams-founded nonprofit faces crackdown threat from House GOP's top tax writerGeorgia Senate targets Stacey Abrams voting organization in new investigation

The Agribusiness Update
Florida Ag Woman of Year and Cattle Trade Priorities

The Agribusiness Update

Play Episode Listen Later Apr 2, 2025


Florida Ag Commissioner Wilton Simpson announces Reba Y. Mazak as the 2025 Woman of the Year in Agriculture, and NCBA member Robby Kirkland testified before the House Ways and Means Committee about the association's trade priorities.

The Agribusiness Update
Tariff Confusion and Cattle Trade Priorities

The Agribusiness Update

Play Episode Listen Later Apr 2, 2025


President Trump's on-again-off-again tariffs on our biggest trading partners has caused confusion for agricultural exporters, and NCBA member Robby Kirkland testified before the House Ways and Means Committee about the association's trade priorities.

EY Cross-Border Taxation Alerts
EY Cross-Border Taxation Spotlight for Week ending 28 March 2025

EY Cross-Border Taxation Alerts

Play Episode Listen Later Mar 28, 2025 34:15


A review of the week's major US international tax-related news. In this edition:  Congressional Republicans moving forward on budget reconciliation – President Trump announces 25% additional import tariffs on automobiles and automobile parts – House Ways and Means Republicans reintroduce “Unfair Tax Prevention Act” in response to Pillar Two – IRS releases 26th annual APA report – US, Swiss competent authorities agree to extend treaty benefits to certain pension, retirement arrangements.

O'Connor & Company
Rep. Jason Smith, Critter News, Zack Smith, War Plans Talk

O'Connor & Company

Play Episode Listen Later Mar 26, 2025 23:47


In the 8 AM Hour: Larry O’Connor and Julie Gunlock discussed: WMAL INTERVIEW - 8:05 AM - INTERVIEW - REP. JASON SMITH - (MO-08), Chairman of the House Ways and Means Committee - discussed his work to write and pass President Trump’s economic agenda. SOCIAL MEDIA: https://x.com/RepJasonSmith CRITTER NEWS: Daily Wire's MATT WALSH lays out how his wife and kids are obsessed with adopting every possible animal on the planet like their home is NOAH'S ARK. WMAL GUEST: 8:35 AM - INTERVIEW - ZACK SMITH - Senior Legal Fellow & Manager, Supreme Court & Appellate Advocacy Program, Center for Legal and Judicial Studies at The Heritage Foundation 7 Changes Congress Should Make Before Restoring DC's Bloated Billion Dollars in Funding“War Plans” Rhetoric vs “Attack Plans” Where to find more about WMAL's morning show: Follow the Show Podcasts on Apple podcasts, Audible and Spotify. Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @Jgunlock, @patricepinkfile, and @heatherhunterdc. Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Show Website: https://www.wmal.com/oconnor-company/ How to listen live weekdays from 5 to 9 AM: https://www.wmal.com/listenlive/ Episode: Wednesday, March 26, 2025 / 8 AM Hour See omnystudio.com/listener for privacy information.

O'Connor & Company
House Ways & Means Cmte Chair Jason Smith on Trump's Economic Agenda

O'Connor & Company

Play Episode Listen Later Mar 26, 2025 9:13


WMAL INTERVIEW - 8:05 AM - INTERVIEW - REP. JASON SMITH - (MO-08), Chairman of the House Ways and Means Committee - discussed his work to write and pass President Trump’s economic agenda. SOCIAL MEDIA: https://x.com/RepJasonSmith Where to find more about WMAL's morning show: Follow the Show Podcasts on Apple podcasts, Audible and Spotify. Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @Jgunlock, @patricepinkfile, and @heatherhunterdc. Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Show Website: https://www.wmal.com/oconnor-company/ How to listen live weekdays from 5 to 9 AM: https://www.wmal.com/listenlive/ Episode: Wednesday, March 26, 2025 / 8 AM Hour See omnystudio.com/listener for privacy information.

Iowa Press
Iowa lawmakers discuss your taxes

Iowa Press

Play Episode Listen Later Mar 21, 2025 27:00


Sen. Dan Dawson (R - Council Bluffs), chair of the Senate Ways and Means committee, and Rep. Dave Jacoby (D - Coralville), ranking member of the House Ways and Means committee, discuss tax policy and other issues currently before the Iowa Legislature.

The Todd Herman Show
If a Tesla worker is un-alived by a leftist, will Maxine Waters be happy; ;The don't die dude announces his godhood Ep-2102

The Todd Herman Show

Play Episode Listen Later Mar 14, 2025 40:20


All Family Pharmacy https://AllFamilyPharmacy.com/HermanDon't wait to be prepared.  Protect  yourself and your family today.  Use code HERMAN10 to save 10% on your order.  Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bioptimizers https://Bioptimizers.com/toddEnter promo code TODD to get 10% off any order.Bonefrog https://BonefrogCoffee.com/toddCelebrate St. Patrick's Day with an Irish Bag of coffee and a “Lucky” gift box from BoneFrog Coffee.  Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.Bulwark Capital Bulwark Capital Management (bulwarkcapitalmgmt.com) Don't miss the next live Webinar Thursday March 20th at 3:30pm pacific.  Sign up today by calling 866-779-RISK or go to KnowYourRiskRadio.com.Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit Renue.Healthcare/Todd. If a Tesla worker is killed by a leftist, will Maxine Waters be happy?; ;The don't die dude announces his godhood.Episode  Links:A veteran Democratic lawmaker was so incensed over Elon Musk's work at DOGE that he began screaming and turning red during a congressional hearing.  Rep. John Larson, D-Conn., was visibly enraged during a House Ways and Means Committee meeting on Wednesday.  Larson claimed that the committee, led by Republican Chairman Jason Smith, was neglecting its responsibilities overseeing Social Security by allowing Donald Trump and Musk's DOGE to reform the agency.CNN host suggests that shooting up, firebombing, and vandalizing Tesla locations is just “resistance.” Rep. Seth Moulton (D) nods along and dismisses the Tesla attacks because Republicans “try to kiII cops.” WhatTERROR: Rep. Maxine Water has been calling for political violence for a year and now she's blaming Elon Musk that her constituents answered the call?Meet the federal Judge who just blocked President Trump's cuts to DEI teacher training. His resume is full of DEI activism, he served on the board of groups currently suing President Trump, and trained far-left activists how to avoid arrests during protestsOMG this is not AI, it's real. It's a must watch. 2011. Obama announces a DOGE department and puts Joe Biden in charge of it!

New Books Network
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books Network

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

New Books in World Affairs
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in World Affairs

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

New Books in Public Policy
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Public Policy

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

New Books in Economics
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Economics

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

New Books in Politics
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Politics

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

New Books in Law
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Law

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law

New Books in Economic and Business History
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Economic and Business History

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

New Books in Finance
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

New Books in Finance

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

NBN Book of the Day
Kimberly Clausing, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital" (Harvard UP, 2019)

NBN Book of the Day

Play Episode Listen Later Mar 8, 2025 62:54


Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Kendall And Casey Podcast
House Ways and Means Committee heard public testimony on Senate Bill 1

Kendall And Casey Podcast

Play Episode Listen Later Mar 6, 2025 11:03


The House Ways and Means Committee heard public testimony on Senate Bill 1 after Republicans advanced their version, which was drastically scaled back from Braun’s initial proposal.See omnystudio.com/listener for privacy information.

CNBC’s “Money Movers”
Can the market regain its election bump?...The tariffs battle gets muddled…Breaking down the energy impact of Canadian tariffs 03/05/25

CNBC’s “Money Movers”

Play Episode Listen Later Mar 5, 2025 43:29


The markets now negative since the inauguration as tariffs rattle investors. What's next and can Washington calm fears? Plus, House Ways and Means Ranking Member, Richard Neal, breaks down why the President should be reconsidering these tariffs, what's next for tax reform. And, will counter tariffs from Canada raise your electric bill?

South Carolina Lede
$1.8 Billion Boondoggle: Loftis Translation

South Carolina Lede

Play Episode Listen Later Mar 4, 2025 30:01


On this episode of the South Carolina Lede for March 04, 2025: the latest involving the $1.8 billion boondoggle accounting error involving the state treasurer; House Ways and Means Committee Chairman Bruce Bannister shares his thoughts as the House is less than a week away from debating the massive spending bill; and more!

Madam Policy
Alice Lin, former Deputy Assistant Secretary for Legislative Affairs, U.S. Department of the Treasury: Insights from an IRA and Tax Policy Maven

Madam Policy

Play Episode Listen Later Feb 27, 2025 27:05


Tax policy expert and former Deputy Assistant Secretary for Legislative Affairs (Tax & Budget) at the U.S. Department of the Treasury, Alice Lin joins Madam Policy host Dee Martin to discuss her journey from being a senior tax policy advisor in Congress to lead tax expert at Treasury. From helping develop the Inflation Reduction Act (IRA) during her time on the House Ways and Means Committee to working on implementation as a senior tax policy advisor for the Senate Finance Committee to helping publish over 95 pieces of guidance on the IRA at Treasury, Alice shares her view on the future of the IRA and reconciliation. Want to hear how Alice's experience shadowing a congressional district office in high school put her on the path of public service? Listen now!

Up in Your Business with Kerry McCoy
Reprise | Jim Guy Tucker, 43rd Governor of Arkansas

Up in Your Business with Kerry McCoy

Play Episode Listen Later Feb 25, 2025 54:15


Jim Guy Tucker, Jr was born on June 13, 1943, in Oklahoma City, Oklahoma, to James Guy and Willie Maude (White) Tucker. His father was one of the first 50 employees of the newly formed Social Security Administration in February,1936. His family moved to Little Rock in February of 1945 when his father was relocated as the manager of the Arkansas Social Security Administration office. Jim Guy was educated in public schools. He graduated from Harvard with a BA in government in 1964, after which he enlisted in the marines. Despite two appeals, Tucker was discharged for health reasons after three months. Stints in 1965 and 1967 in Vietnam as a civilian war correspondent became a source of exposure for Tucker as he recorded them in his book, Arkansas Men at War. After finishing work in Vietnam, Tucker returned to Arkansas to pursue a political career. After receiving his law degree at the University of Arkansas in Fayetteville in 1968, he became an associate attorney with the Little Rock firm Rose, Barron, Nash, Williamson, Carroll, and Clay. He left in 1970 upon winning the race for prosecuting attorney for the Sixth Judicial District. In 1972, he was elected to the first of two terms as state attorney general. On November 8, 1975, he married Betty Allen Alworth, who had two children from her previous marriage. The couple had two children together. In 1976, he was elected to represent the Second Congressional District and was appointed to the House Ways and Means Committee, the Social Security Subcommittee, and the Speaker's Task Force on Welfare Reform. After eight years in public office, he returned to private law practice in 1979 and became a partner in the Tucker and Stafford firm. In 1982, he ran for governor in the Democratic primary, but came in third in a five-man race. After that loss, he began to engage in business enterprises, including real estate and condominium development. In 1983, he formed County Cable Limited Partnership with his wife, and the company provided cable TV service in rural Pulaski County. From modest beginnings, he expanded his cable TV operations to other areas of the country and acquired interests in cable companies in Texas, Florida, and Great Britain. In 1988, he traded County Cable to Falcon Cable Media of California in return for a Falcon Cable operation near Dallas, Texas. In 1990, Tucker prepared for another run for governor. When Clinton announced his reelection bid, Tucker opted instead to run for lieutenant governor. Both he and Clinton won their races. Once Clinton began to campaign for the presidency in 1991, Tucker became acting governor, and upon Clinton's resignation in December 1992, Tucker became governor. In November 1994, he won a four-year term against Republican Sheffield Nelson. He became caught up in the Whitewater investigation surrounding Clinton. On May 28, 1996, he was convicted for misapplying funds for a $150,000 bank loan. The next day, he announced that he would step down as governor, even as he continued to protest his innocence. After briefly rescinding his resignation, he left office on July 15, 1996. He reentered the private sector to focus on his business enterprises. In 1996, Tucker was placed on a liver transplant waiting list (he had been diagnosed in 1984 with primary sclerosing cholangitis, which leads to blockage of the bile ducts). On Christmas Day, he received a transplant, which probably saved his life and kept him out of prison—he was sentenced to probation. Despite complications, the transplant restored his health. Since then, Tucker has served his probation and repaid the $150,000 loan. Edit: Jim Guy Tucker passed away on February 13, 2025

City Quick Connect Podcast from the Municipal Association of South Carolina

Casey Fields and Jake Broom review the House Ways and Means Committee version of the state budget, which fully funds the Local Government Fund, provides $222.3 million in Hurricane Helene relief, and supports bridge modernization and beach renourishment. They also discuss ongoing testimony on the liquor liability bills under consideration.

WBUR News
Rep. Neal on the balance of power between the Trump administration, Congress

WBUR News

Play Episode Listen Later Feb 14, 2025 3:56


Massachusetts Congressman Richard Neal, who's the top Democrat on the powerful House Ways and Means Committee, joins WBUR's Morning Edition.

Mexico Matters
Are Tariffs THE Right Weapon?

Mexico Matters

Play Episode Listen Later Feb 11, 2025 46:28


In this episode, Mariana speaks with Kevin Brady, former U.S. Rep. (R-TX) and Chairman of the House Ways and Means Committee, and Kenneth Smith Ramos, former USMCA Chief negotiator for Mexico, about the shift in Washington away from free trade, President Trump's use of tariffs as leverage to solve the fentanyl and border security crises, and the potential consequences of starting a trade war within North America by imposing 25% tariffs on Mexico and Canada. They also speak about the importance for Mexico to satisfy the US's security demands and to comply with its own energy and other trade commitments in order to allow for a more successful 2026 review of USMCA. Finally, they discuss the importance for collaboration between the United States and Mexico to reduce the power of organized crime and address China's growing presence in the region.

The Sunday Show with Jonathan Capehart
The Sunday Show With Jonathan Capehart: February 2, 2025

The Sunday Show with Jonathan Capehart

Play Episode Listen Later Feb 3, 2025 41:47


On this week's episode of 'The Sunday Show with Jonathan Capehart': Trumponomics: President Trump's tariffs on Mexico, Canada and China go into effect Tuesday, with Mexico  and Canada planning retaliatory tariffs against the United States. Trump admits they may cause pain for the American consumer but says it will be worth the price. Rep. Suzan DelBene, member of the House Ways and Means Committee, explains the impact of what the Wall Street Journal correctly calls "The Dumbest Trade War in History." Lavender Scare: President Trump has embarked on an assault on LGBTQ Americans not seen since the 1940s and 1950s. His intense focus on transgender Americans is especially galling. I'll talk with Kelley Robinson, president of the Human Rights Campaign, about how to protect the community from attack. The Purge: Trump, with an assist from First Buddy Elon Musk, is making good on his promise to decimate the federal workforce, even if it means breaking security rules. Former Rep. Joe Walsh and Ameshia Cross join me to talk about this assault on our democracy. And Thin ICE: Immigration enforcement is going way beyond undocumented immigrants who've committed violent crimes. Now, protections are being revoked for thousands of legal migrants. A view of the real-world impact with Dara Lind of the American Immigration Council. All that and more on “The Sunday Show with Jonathan Capehart.” 

The Annie Frey Show Podcast
Making America Energy Independent Again | Rep. Jason Smith

The Annie Frey Show Podcast

Play Episode Listen Later Jan 30, 2025 12:03


The Chairman of the House Ways and Means Committee outlines the priorities for the House, along with President Trump's goals.

The Daily Beans
Refried Beans | Can't Cotton To Misrepresentation (feat. Charlotte Clymer) | Jan 25, 2021

The Daily Beans

Play Episode Listen Later Jan 25, 2025 63:13


Jan 25, 2021Trump attempted to install an ally as Attorney General to overturn the results of the election; seven Senators have filed an ethics complaint against Ted Cruz and Josh Hawley; we learn the Trump campaign funded leaders of the insurrection; Majority Leader Chuck Schumer agrees to postpone the Senate impeachment trial to February 8th; the Biden Administration prepares to overturn Trump abortion rules and reinstate transgender people serving openly in the military; the House Ways and Means Committee re-ups the Trump tax subpoena; plus Dana Goldberg (@DGComedy) and AG hit the Hot Notes and deliver your Good News.Follow our guest on Twitter:Charlotte Clymer (@cmclymer)http://charlotteclymer.substack.comActivist, Military Veteran, Writer Check out other MSW Media podcastshttps://mswmedia.com/shows/Subscribe for free to MuellerSheWrote on Substackhttps://muellershewrote.substack.comFollow AG and Dana on Social MediaDr. Allison Gill Substack|Muellershewrote, Twitter|@MuellerSheWrote, Threads|@muellershewrote, TikTok|@muellershewrote, IG|muellershewrote, BlueSky|@muellershewroteDana GoldbergTwitter|@DGComedy, IG|dgcomedy, facebook|dgcomedy, IG|dgcomedy, danagoldberg.com, BlueSky|@dgcomedyHave some good news; a confession; or a correction to share?Good News & Confessions - The Daily Beanshttps://www.dailybeanspod.com/confessional/ Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/Patreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts

Left of Center Show
S14 EP7 - Spread The Message Of Love And Hate

Left of Center Show

Play Episode Listen Later Jan 24, 2025 59:52


Mayor Tom endures another crazy Mayor's Night Out; Indiana Secretary of State Diego Morales's shocking meeting with the House Ways and Means Committee; Trump signs Executive Order ending birthright citizenship.

Kendall And Casey Podcast
Statehouse Happenings: Morales Grilled in House Hearing

Kendall And Casey Podcast

Play Episode Listen Later Jan 22, 2025 29:50


Indiana Secretary of State Diego Morales had a rough go of it in his recent appearance before House Ways and Means. There to ask for more money from the taxpayers, some on the committee didn't seem impressed. That included longtime Democrat Representative Ed DeLaney, who took Morales to task over hiring a family member and no-bid contracts. Rob Kendall, Jim Merritt, and Abdul-Hakim Shabazz discuss Diego's rotten day on this week's Statehouse Happenings. See omnystudio.com/listener for privacy information.

POLITICO's Nerdcast
Jason Smith on who's getting the “candy” in reconciliation

POLITICO's Nerdcast

Play Episode Listen Later Jan 17, 2025 33:20


Ways & Means Committee Chairman Jason Smith joins the show to elaborate on his vision for reconciliation, how he's working with the diverse factions within the GOP to achieve it and why he believes he will prevail in passing “one big beautiful bill” with major tax cuts. Eugene Daniels is a Playbook co-author for POLITICO. Jason Smith is the Chair of the House Ways and Means Committee. Kara Tabor is a producer for POLITICO audio.  Alex Keeney is a senior producer for POLITICO audio. Learn more about your ad choices. Visit megaphone.fm/adchoices

AURN News
Inflation Increases in Biden's Final Month as President

AURN News

Play Episode Listen Later Jan 16, 2025 1:47


(AURN News) — In President Joe Biden's final full month in office, inflation showed an uptick according to federal data, just days before President-elect Donald Trump's inauguration as the nation's 47th president. The Bureau of Labor Statistics reported Wednesday that the Consumer Price Index rose 0.4 percent in December, following a 0.3 percent increase in November. The overall inflation rate stands at 2.9 percent. Several key sectors saw price increases over the past year. Food costs rose 2.5 percent, while electricity prices increased 2.8 percent over the 12-month period. Shelter costs showed a significant jump of 4.6 percent, and transportation services recorded a 7.3 percent increase over the year. December's report also indicated price increases in housing, airline fares, used cars and trucks, motor vehicle insurance, and medical care, according to the Bureau of Labor Statistics (BLS). However, some categories saw decreases, including personal care, communication, and alcohol. House Ways and Means Committee Chairman Jason Smith criticized the economic data in a statement: "President Trump is inheriting an economy from President Biden where inflation still threatens families' savings and prices are still sky high. President Trump's policies are the right ones to help working families and January 20th can't come soon enough." The data comes as Biden prepares to hand over the presidency to Trump next Monday. Learn more about your ad choices. Visit megaphone.fm/adchoices

Pete McMurray Show
Congressman Darin LaHood on the United States biggest threat worldwide, "China, China, China! That's our biggest adversary!"

Pete McMurray Show

Play Episode Listen Later Jan 11, 2025 13:00


Illinois Congressman Darin LaHood is a senior member of the House Ways and Means committee and is also a senior member of the House Intelligence committee.Congressman LaHood talks:-2017 taxes cut bill-Eliminating taxes on tips -Moving in and moving out of congressional offices -Darin's bill - Supporting America's Children and Families Act-What happens the first day President Trump takes office-Speaker Johnson's vote to re-elect-The biggest threat to the United States  To subscribe to The Pete McMurray Show Podcast just click here

The Retirement Wisdom Podcast
Your Money Matters in 2025 – Larry Kotlikoff

The Retirement Wisdom Podcast

Play Episode Listen Later Dec 30, 2024 28:49


Make 2025 your year! Free 2-part Workshop to build 3 new habits January 3 and 10th  – 12 Noon Eastern – 1 hour via Zoom Sign Up here _________________________ While we focus on the non-financial aspects of retirement here, your money clearly matters. With a new year around the corner we check back in with economist Larry Kotlikoff, author of Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, for his views on what may lie ahead, common mistakes to avoid with Social Security, how you can Maximize (Your) Social Security, why Roth IRA conversions make sense for many people and his retirement planning software MaxiFi. Larry Kotlikoff joins us from Rhode Island. _________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute. Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. Kotlikoff has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the Senate Budget Committee, the House Ways and Means Committee,

Townhall Review | Conservative Commentary On Today's News
Trump 2.0 and the Mar-a-Lago Rat Pack

Townhall Review | Conservative Commentary On Today's News

Play Episode Listen Later Dec 20, 2024 41:24


Townhall Review - December 21, 2024 Hugh Hewitt turns to Jason Smith, Missouri Representative and Chair of the House Ways and Means Committee, on the need to deliver early on the Trump tax cuts if the GOP wants to keep the majority in 2016. Charlie Kirk turned to Patrick Bet-David for a look at Donald Trump’s return to the political stage, which has starkly contrasted his previous campaigns in 2016 and 2020. Trump’s approach this time feels fundamentally different, focused on winning and uniting allies—even critics. Hugh turns to Byron York of the Washington Examiner and weighs in on the $16 million settlement involving Disney/ABC and George Stephanopoulos. Mike Gallagher also addresses the settlement, framing it as evidence of dishonesty and bias in the legacy media. He argues the payout reflects years of lies and an effort to avoid accountability for misinformation. John Solomon and Lee Smith, author of Disappearing the President, discuss the erosion of free speech dating back to Trump’s removal from Twitter in 2021, how tactics born in the American liberal movement are influencing global politics, and the importance of restoring institutions like the FBI to serve the American people.See omnystudio.com/listener for privacy information.

One on One with Robert Doar
Tax Policy, Part 2: Alex Brill

One on One with Robert Doar

Play Episode Listen Later Dec 20, 2024 21:26


In the second of two episodes on the US tax policy outlook, Alex Brill joins Robert to talk about the political dynamics of tax legislation in 2025. They discuss how the reconciliation procedure will shape legislation, what issues could divide Republicans, and what role Donald Trump could play in negotiations.Alex Brill is a senior fellow at AEI where he studies federal tax policy and a former policy director and chief economist of the House Ways and Means Committee. Read his latest writing on the child tax credit, auto loan interest deductions, and taxing overtime income.

BakerHosts
The Cloakroom with Peter Roskam: Featuring Congressman Adrian Smith, R-NE

BakerHosts

Play Episode Listen Later Dec 19, 2024 22:50


Former Congressman Peter Roskam, who leads BakerHostetler's Federal Policy team, provides listeners with a front-row seat to the most important policy and political debates in Congress. In this episode of “The Cloakroom with Peter Roskam,” Peter interviews Congressman Adrian Smith, a Republican from Nebraska. Smith is a senior member of the House Ways and Means Committee, which will be leading the charge in 2025 on the expiring provisions of the Tax Cuts and Jobs Act.Peter and Smith talk about renewing those tax provisions, whether Congress will consider new tax cuts that were proposed during the 2024 presidential campaign and how all that could get done with Republicans facing razor-thin majorities on Capitol Hill.Questions & Comments: proskam@bakerlaw.com

The WorldView in 5 Minutes
Trump is Time’s “Person of the Year”, Planned Parenthood abortion mills could face mass closures, Why hasn't Biden fired DOJ personnel over “selective prosecution”?

The WorldView in 5 Minutes

Play Episode Listen Later Dec 13, 2024


It's Friday, December 13h, A.D. 2024. This is The Worldview in 5 Minutes heard on 125 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Adam McManus Pakistani Muslim attempted to rape 15-year-old Christian maid A Muslim businessman in Pakistan has falsely charged a 15-year-old Christian girl and two of her relatives with theft in retaliation for leaving his employ following his attempt to rape her, reports The Christian Post. Javed Masih, a Catholic vegetable vendor in Punjab province, said that his daughter, Muskaan, worked as a maid in the house of Muhammad Haider. He said that his daughter was in a state of shock when she came out of the house, tears flowing down her cheeks. Masih said, “Upon inquiring, Muskaan told his wife that Haider, [the Muslim employer], had attempted to sexually assault her, taking advantage of being alone in the house. My wife was shocked to hear this, but instead of confronting Haider at that time, she decided to first inform me about the incident.”  It turns out the Muslim employer had made multiple sexual advances and had been harassing her from the time she began working in his house in September. In Matthew 18:6, Jesus said, “If anyone causes one of these little ones—those who believe in Me—to stumble, it would be better for them to have a large millstone hung around their neck and to be drowned in the depths of the sea.” When the 15-year-old Christian girl stopped working for the Muslim man, he filed false charges that she had stolen $3,000 worth of gold jewelry from the home. Trump rings opening bell at New York Stock Exchange On Thursday, President-elect Donald Trump rang the opening bell at the New York Stock Exchange after promising to deliver an economic boom to a cheering crowd of traders and business leaders. At one point, as you'll hear, the room broke into a chant of “U-S-A.” REPORTER: “The incoming leader of the free world, he's going to ring the bell here in about 20 seconds. An historic moment at the New York Stock Exchange as we get the opening bell rung by the President-elect, Donald Trump!” (audio of ringing of the bell at the New York Stock Exchange) CROWD: “USA! USA! USA! USA!” Trump named Time Magazine's “Person of the Year” For the second time, Time Magazine named Donald Trump “Person of the Year.” In the opening paragraphs to the cover story, Eric Cortellessa wrote, “Trump's political rebirth is unparalleled in American history. His first term ended in disgrace, with his attempts to overturn the 2020 election results culminating in the attack on the U.S. Capitol. He was shunned by most party officials when he announced his candidacy in late 2022 amid multiple criminal investigations. “Little more than a year later, Trump cleared the Republican field, clinching one of the fastest contested presidential primaries in history. He spent six weeks during the general election in a New York City courtroom, the first former President to be convicted of a crime—a fact that did little to dampen his support. An assassin's bullet missed his skull by less than an inch at a rally in Butler, Pennsylvania, in July.” Cortellessa of Time Magazine concluded, “Over the next four months, Trump beat not one but two Democratic opponents, swept all seven swing states, and became the first Republican to win the popular vote in 20 years. He has realigned American politics, remaking the GOP, and leaving Democrats reckoning with what went awry. “Trump has a ready explanation for his improbable resurrection. He even has a name for its climactic final act. ‘I called it 72 Days of Fury,' he says as the interview gets under way. ‘We hit the nerve of the country. The country was angry.' “It wasn't just the MAGA faithful. Trump harnessed deep national discontent about the economy, immigration, and cultural issues. His grievances resonated with suburban moms and retirees, Latino and Black men, young voters and tech edgelords.” Before he rang the opening bell at 9:30 a.m., a first for him, Trump spoke at the New York Stock Exchange. TRUMP: “It's really been something very special. And I have to say, Time Magazine getting this honor for the second time. I think I like it better this time. Actually been on the cover many times. I don't know who has the record, but I can only probably talk well about 25% of the covers. 25% are great. The others, I just sort of hide. But it's been an honor. “This is a double because usually they don't coordinate the Man of The Year or the Person of The Year with the ringing of the bell. Brilliantly, you picked them both at the same time. You were all friends, and you said, ‘Let's do it.' “The economy, I believe, is going to be very strong. We do have to solve some problems. We have wars going on that we didn't have. We have a lot of things happening that we didn't have, that would have never happened. They have happened, and I want to get them solved.” GOP Rep: Why hasn't Biden fired DOJ personnel over “selective prosecution”? When President Joe Biden issued his unconditional pardon of his son Hunter on December 1st, the president said this. “No reasonable person who looks at the facts of Hunter's cases can reach any other conclusion than Hunter was singled out only because he is my son – and that is wrong. There has been an effort to break Hunter – who has been five and a half years sober, even in the face of unrelenting attacks and selective prosecution.” In light of that bold assertion by President Biden that his own Department of Justice has singled out his son, Hunter, and selectively prosecuted him, Republican Congressman Jason Smith of Missouri, the Chairman of the House Ways and Means Committee, asked an important question about Biden and the Department of Justice on the Fox News Channel. SMITH: “If Biden actually believed that his son was politicized by the Justice Department's prosecution, then why has he not fired one employee of the Justice Department?  Because if he believes that there is corruption, if he believes that they're unfairly targeting individuals, he has the authority to fire those prosecutors, yet he hasn't done that.” Abortion mills could face mass closures if Trump defunds Planned Parenthood And finally, Donald Trump has committed to vetoing any federal abortion law that makes it to his Oval Office desk, but there are other ways to cripple America's booming abortion industry, reports LifeSiteNews.com. Elon Musk and Vivek Ramaswamy, Trump's appointees to head the new Department of Government Efficiency, have already noted their commitment to defund Planned Parenthood, America's largest abortion provider, by possibly $300 million. Plus, Vice President-elect J.D. Vance had already stated in October that a second Trump administration would defund Planned Parenthood. Isaiah 59:7 describes the abortion giant well. “Their feet rush into sin; they are swift to shed innocent blood. They pursue evil schemes; acts of violence mark their ways.” If the Trump administration makes good on that promise, it will lead to mass closures of Planned Parenthood abortion mills nationwide. In response to the proposed cut by the newly created Department of Government Efficiency, Planned Parenthood issued a press release on November 21st  in which it claimed that Americans were already “taking control of their sexual and reproductive health.” On November 6 – the day after the election was called – Planned Parenthood locations saw: vasectomy appointments increased by 1,200%; IUD appointments increased by over 760%; birth control implant appointments increased by 350%; and, [so-called] gender-affirming care appointments, [where people pretend to be the opposite sex with hormones and surgeries], increased by 140%. Close And that's The Worldview on this Friday, December 13th, in the year of our Lord 2024. Subscribe by Amazon Music or by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Tax Section Odyssey
Tax talk 2025 — Policies, provisions and perspectives

Tax Section Odyssey

Play Episode Listen Later Dec 13, 2024 25:22


Note: This podcast episode was recorded Nov. 20, 2024, and since then, the U.S. House of Representatives races have been called, giving the Republicans 220 congressional members and the Democrats 215. This balance could change depending on potential special elections if some members of the House are appointed to positions within President-Elect Trump's administration. In this episode of the AICPA's Tax Section Odyssey podcast, Kasey Pittman, CPA, MST, Director of Tax Policy ­— Baker Tilly US LLP, discusses potential upcoming tax legislation for 2025, focusing on the complexities and challenges of extending the Tax Cuts and Jobs Act (TCJA) and other tax provisions.   What you'll learn from this episode: The potential complexities and challenges of extending provisions of the TCJA and other tax legislation. The implications of a unified government and the reconciliation process for passing tax legislation. The financial constraints posed by the national debt and the importance of managing the deficit. The influence of individual policymakers and the importance of state and local tax (SALT) deductions. Potential revenue raisers like tariffs and ending the employee retention credit early, and their impact on the overall tax legislation. AICPA resources Planning for tax changes — CPAs need to not only brace for tax law changes such as the TCJA and expiring provisions but also be proactive in planning for them. Tax advocacy — Advocacy is a core element of our purpose and value proposition. It is a strong mechanism for promoting trust and confidence in the CPA and CGMA credentials around the world.   Transcript April Walker: Hello, everyone, and welcome back to the AICPA's Tax Section Odyssey podcast, where we offer thought leadership on all things tax facing the profession. I'm April Walker, a lead manager from the tax section, and I'm here today with Kasey Pittman. Kasey is the director of Tax Policy with Baker Tilly's National Tax Office. Welcome, Kasey. Kasey Pittman: Thank you for having me. April Walker: I thought we'd spend a few minutes today setting expectations for tax legislation for 2025. First, a little bit of a spoiler, tax legislation is likely, right, but what it will actually entail is probably a lot more complicated than just a straight status quo extension of TCJA. Kasey, let's set the stage a little bit and talk about what we know about the makeup of the government and what that will mean for upcoming legislation. Kasey Pittman: I think going into the election, the vast majority of people assumed we were going to wind up in some divided government. We knew it was very likely that Republicans would capture the Senate. The math there was not very good for Democrats, just in terms of how many seats were up, and one of the Democratic-turned-independent retiring senators from a deep red state was almost a certainty to flip. I think the general thinking was that either Democrats would capture the White House or the House, and neither of those things came to fruition. We are sitting here in the 2024 election was a Republican sweep. We've done a lot of worrying about things that we can let go of, and I think probably we'll touch on that a little bit later in the podcast. But the margins aren't very big. Trump captured the White House actually by a good margin in terms of both electoral votes and total votes in the country. It looks like Senate Republicans will have the majority with a 53-47 split between Republicans and Democrats. The house is currently unknown. We know that the House has captured 218, and that's what you need for the majority. There's 435 seats. 218 is literally a one seat majority. There are five races outstanding, and probably threeish, maybe four of those are likely to go Republican. We're just waiting on final vote counts. In the House, we're looking at a few vote margin, in the Senate, we're looking at a few vote margin, and that can make legislating really difficult. One of the themes we touch on here as we go through is reconciliation. When you have a unified government, and a unified government is one where one party has both chambers in Congress, and the White House, which is what we're going into in 2025, there's this process that you can use for certain types of legislation, fiscal legislation called reconciliation. What reconciliation does is it allows you to overcome the filibuster in the Senate. You actually only need a simple majority, like 51 votes in the Senate to pass a bill, but anybody can hold up a bill with a filibuster, and you need 60 votes to end debate and force the vote on the floor. But this type of legislation doesn't require that, so we can move forward with a simple majority. However, there are a lot of limitations to the reconciliation process. Everything in a reconciliation bill has to be financial. It needs to deal with spending or revenues and it can't be incidentally related to those. That has to be its primary purpose. Tax provisions are perfect for this. It cannot increase the deficit outside of the budget window. The budget window is typically 10 years. Then inside that budget window, you can only increase or decrease the deficit by the amount in the reconciliation instructions. Reconciliation instructions are set again, by a simple majority on a budget resolution in the House and in the Senate. That number can be hard to define. We also can't touch Social Security, by the way, which is why you never see Social Security in a reconciliation bill. However, that number is really difficult to come to an agreement on sometimes, and I predict that we're going to face some issues just in getting to that budget reconciliation number before we even start to put together the bill. April Walker: That's a great summary, and we used reconciliation before to actually pass TCJA and some other legislation in the past few years, but it's still not how I grew up learning how law was passed. It's a little bit interesting and that's a great summary. Kasey, I led with saying, we don't think it's going to be a straight extension of TCJA and some of the other proposals that have been thrown out throughout campaigns. Talk through a little bit about specific provisions, what they're scoring out at, why they may or may not be included in this legislation. Again, I don't think we have to say this. This is all just speculation on our part. We will have to see what we will see once it turns to 2025. Kasey Pittman: Some of it is really speculative. We're guessing, they are educated guesses based on history and based on what influential policymakers are telling us. For many months, Republicans have really optimistically been planning for reconciliation, hoping to capture both chambers, hoping that Trump would be in the White House. They've been planning. Honestly, there's been a ton of organization inside the House Ways and Means Committee around it. What I said just a minute ago was that I think we're going to have trouble getting to that number, and here's why. If we want a blanket 10-year extension of the Tax Cuts and Jobs Act, all these taxpayer-favorable provisions, they're mostly taxpayer-favorable and we'll get into that in a second too. It's going to cost $4.6 trillion. Just for benchmarking for everybody, our national debt, which is the sum accumulation of all the deficits we've ever run right now is $35 trillion. That's really impactful because each year, honestly, I believe since Clinton, we've run at a deficit and some of the Clinton years too. But each year, since I was in middle school, we've run at a deficit, which means we're spending more money than we're bringing in, and part of the reason we're spending more money than we're bringing in is because we have to pay interest on all this debt. It's really come to a head over the last couple of years for two reasons. One, our debt skyrocketed. Recently, TCJA added to it. COVID certainly didn't help it at all. Then additionally, because we've had such high inflation, the Fed has increased interest rates and that's the rate that we pay to service the debt. In FY 24, which ended at the end of September. This year, we paid over a trillion dollars just to service our debt, not paying down our debt, just paying the interest on our debt. That's more than we spent on defense spending for the entire year. It becomes a liability if our debt is too large. Particularly, we like to compare it to our GDP. This year we ran a $1.8 trillion deficit. Over a trillion of that we could say is attributable to interest costs. Anyway, here we are. We've got $4.6 trillion to extend the TCJA. Then we've got a whole host of other campaign proposals that Trump made on the trail. No SALT, and we'll get to SALT in a second. No SALT, no tax on tips, no tax on overtime, no tax on Social Security benefits. There's family caregivers credit for home caregivers. There's just a number of things, and some of them are hard to score because there's not a lot of details around the policy yet. They're more on the idea than the actual detailed policy phase at this point but those are a lot and estimates are 8-10 trillion with the Tax Cuts and Jobs Act plus all of the other campaign promises, and that is just wild as compared to our current national debt and the fiscal responsibility that I think a lot of policymakers and Americans really are focused on. Do I think that Senate Republicans and House Republicans are going to come together and say, let's write a $10 trillion bill that's not paid for at all, that increases the deficit? No, I don't. We still have deficit hawks in the Republican Party, we have people who are really concerned about it and for good reason. That's going to be a struggle. I want to say SALT is really important here. Republicans are fairly united in the general extension of Tax Cuts and Jobs Act. There's a lot of campaigning this cycle on it. It's been a priority where we're fairly unified. However, that's not where it ends. We're looking again at these small margins in the House and the small margins in the Senate. When we have that, we have individual policymakers who have a lot of influence. We saw that in 2021- 2022, when Democrats had a big bill and they said, Hey, this is our wish list, and Joe Manchin and Kristen Sinema, who are Democrats, turned independents in the Senate, said, Oh gosh, no, thank you, that's way too big. Here's what we can do. We'll do the Inflation Reduction Act, which was a fraction and a little bit of a different direction on some than the original Democratic priorities. That's what we passed, because again, these two policymakers were able to exert a ton of influence. Then we saw it in 2023, when I think it was a total of eight house members ousted their speaker, which was the historic moment for Republicans in the House, what we see is a lot of power when we have those small vote margins. In the House, there's a really strong caucus for repeal of the state and local income tax, a limitation of $10,000. It's bipartisan. But there are a number of Republicans on there, particularly from high tax states, from traditionally blue states, New York, California, Connecticut, New Jersey. There's dozens of them, really, and they've won re election to the House and they've campaigned on this, and this is going to be a priority for them. I think it's really impractical to think we're going to see a tax bill that doesn't have SALT attached to it because this is a pretty strong caucus. Again, the margins are small, and to fully repeal SALT for 10 years is another $1.2 trillion. Now I'm at $6 trillion April, and that's before the overtime and before the Social Security, which is already system in peril in terms of being able to fund it. It's not quite that simple, and we do have deficit hawks. When we saw Tax Cuts and Jobs Act originally come through in 2017, we used the reconciliation process, Republicans did, and then Democrats used it in 2022 to pass the Inflation Reduction Act. There were many Republicans who wanted much more than TCJA cost. TCJA eventually they came to an agreement, and they said, We can do $1.5 trillion. 1.5 trillion is what we can sign on for. We can get everybody on board for that. That's what the budget instruction said. You can write a bill that increases the deficit by 1.5 trillion dollar over 10 years and so they did that. But it's not quite that simple. People say, $1.5 trillion, it wasn't 1.5 trillion dollar in tax cuts. It was $5.5 trillion in tax cuts with four trillion dollar in revenue raisers, some of them were pretty simple.  I replaced these itemized deductions with the standard deductions, they kinda offset, but there were some provisions in there that were just revenue raisers and one of them is 163(j), the business interest limitation. Then additionally, we couldn't see them all through the entire budget window and still hit that mark. When I originally described it literally in 2017, 2018, when I was talking about it, I would say. Hey, look, we've got all these dials, and at the top, we've got this big number, and this is what we've added up to. We want to turn this dial up, but that costs too much money, and that puts us over, so maybe we dial it down on the number of years or maybe we add this revenue raiser. We're trying to back into this $1.5 trillion number, and that's part of the reason we saw some of these changes that transitioned under TCJA. We're seeing right now the bonus depreciation number come down. We've seen a change in how we calculate ATI for that business interest limitation, and we've changed how we deduct research and experimental expenditures. Honestly, they just couldn't make it all the way through that budget window at that number. Just a quick note on those things that have already changed, we saw a bipartisan bill sail through the House, sail through 83% vote margin, 357-70, I want to say on January 31 this year, and it died in the Senate. Senate Finance Committee Leader Ranking member, Mike Crapo, said, No, thank you. [He was] really confident that he was going to have a majority in the Senate in 2025 and he does, and he now also is able to have a Republican House to work with. One of the questions I get a lot is, do I think that we're going to see that bill be taken up in the lame duck session? My answer is no, I do not. I don't see what the incentive is for Republicans to make the concessions in there with Democrats around the refundability of child tax credit because they've got different methodologies on that. I don't see an incentive for them when they know they're going to run the table next year. April Walker: One thing I know you and I have talked about before, there's in evaluating “pay fors” and revenue raisers, there's the ERC provisions that are in that legislation that you're talking about in the past. I guess that's still potentially on the table ending ERC in January, that's potentially out there. What about tariffs? Tariffs have been suggested as a revenue raiser. How does that work with reconciliation? Kasey Pittman: There are a couple of revenue raisers that have been widely talked about, and I think there's a lot of bipartisan agreement around ending the employee retention credit early, and that's scored, if they use it from the old bill, that's scored around $77 billion. But you have to think that's drop in the bucket when we're talking about $6 trillion, $8 trillion, $10 trillion dollars. But it helps - every bit helps, obviously right?  And then there's another one that's clawing back a lot of the IRA provisions, some of those clean energy provisions and semi recently, I think last weekend, President Elect Trump said,"Hey, I'm going to take away this $7,500 EV credit. We're not doing that anymore once I'm president." That's one item, but there are a lot of energy provisions outside of just that. That's the one that I think most individuals know about, but there are a lot of energy provisions outside of that. How they dismantle that is going to be really interesting to me, because there are some proponents who just say kill it all. This is not where our priorities are. There are others and there was a letter, I want to say to Speaker Johnson in the summer, that came from a number of House Republicans, a dozen or so that said, Hey, these are really beneficial in my district. I really hope that we and the language we've heard a lot of here is take a scalpel and not a sledgehammer. That's the talking point, scalpel and not a sledgehammer, to clawing back some of these provisions. I do expect some exploration of clawing back those provisions, and then tariffs. President Trump has talked a lot about tariffs and we've heard a number of things between 10 and 20% across the board tariff rate for anything coming into the country, about 60% on China. I believe we've heard 100% on cars coming from Mexico. What we don't know is and I've gotten a ton of questions on this, honestly. What we don't know is how serious he is about those. Is it an idea? Is it something that he intends to use as a bargaining chip in trade negotiations? Is it something that's going to be applied potentially in a more specific niche, these particular areas? That's what we saw in his first presidency was that it was particular items coming in. We saw it on aluminum, we saw it on steel. Or is it going to really be, does he intend to do it across the board? The thing is that presidents do not have completely unfettered power here, but they have the ability to enact certain tariffs without the consent of Congress. That being said, unless they find a way to write that into the reconciliation bill, they can't use the money they believe they'll generate from the tariffs as an offset to try to get back into that number. Because again, TCJA, $5.5 trillion in cuts, $4 trillion in revenue, if we want to include that in revenue, it's going to have to be present in the bill in some fashion. What I have been reading and researching a little bit, does it have to be explicit or does it have prescriptive or does it have to authorize him to move in that area? I'm still doing a little research there. But anyway, it would have to be in the bill in order to be included in the revenue scoring. April Walker: Lots of items to think about as we're rapidly going towards the end of the year and our listeners are [a  lot of] tax partitioners talking to clients. I think another top question I'm sure you've been getting is, what are we thinking about timing? When is this going to happen? When is legislation going to happen? Because we really think it's going to happen, they're not going to let TCJA expire at the end at 12/31/25. But what are we thinking? Kasey Pittman: Speaker Johnson has been very bullish on this and saying he would like a bill coming out of the house, not necessarily enacted, but out of the house in the first 100 days of Trump's presidency. Just if we're going from inauguration day of January 20th, that date would be April 30th. That is a really ambitious goal. There's a number, it's ambitious in ideal scenarios. There's a ton of other priorities as well, including government funding, which as of this moment, is not done, and we don't know if it'll be a continuing resolution or if they'll fund the government through the end of the year.  But there are a lot of priorities for this Congress, and one of them is the confirmation of all of President Trump's picks for various administration positions, which is going to complicate this. Because right now, the House Republicans have the generally accepted number is 218 seats. There are five seats outstanding. They could wind up with a total of 223. That's probably more like 221, 222, maybe 220, but probably 221, 222 (See note above for the final results). There are three people from the House that President Trump has nominated. They're leaving their seats, assuming they get this job, Matt Gaetz has already left his seat, and that's going to complicate matters. It's not an easy swap. Speaker Johnson will be working with a very tight majority, like a very razor thin majority in the House until all of that is sorted out, and you've got new policymakers in seat. That's going to complicate things as well, and it's going to be difficult to get to that number. Again, I think that there are a lot of different, even within the Republican Party, even though they believe in the TCJA. They believe it was stimulating. They think that they should extend it. Deficit funding for a large number is going to be really difficult. First, we're going to have to come to that number, and that is going to be a negotiation in and of itself. It's not going to be $10 trillion. It's not going to be, hey, we get everything we want for 10 years. In addition, then they have to figure out how to work with that number. Let's say $2 trillion, I'm just going to throw that out there, $2 trillion, $3 trillion, whatever they've decided on. You can increase the deficit over the budget window by $2 trillion dollars, $3 trillion dollars. I've got 10 years. In my budget window, what am I going to do with it? I could try to find a ton of revenue raisers, and I think it's honestly going to be a mix of these things. I could try to find a ton of revenue raisers. I could try to reduce government spending. I could not put everything in place for 10 years. We could see a bill that comes out for four years. Even though the budget window could be larger, they could say, hey, they're all going to expire after four years because that's how we can get most of our priorities in, and then we're going to kick this can down the road. When they crafted TCJA, it was very intentional. The portion that they made permanent was the corporate rate, there's a much longer planning runway for large corporations and businesses than there are for individuals, typically.That was smart. In addition, the things that are expiring are the things that are popular with voters, lower rates, increased child tax credit. It puts political pressure on the extension of these items. They could do that again because the items we're talking about are by and large, popular with voters. Nobody's looking, nobody raises their hand and says, I'd really love you to increase my tax rate. Personally, thank you so much. I'd like my bill to go up every year. Now, many taxpayers are okay with it and they believe in the methodology of a graduated system, but nobody's personally asking for an income tax increase that I've seen anyway in my practice. They're popular, they could kick it down the road and put pressure on the 2028 election, if they only do it for four years. I'd be interested to see what happens. They could also only enact them partially or phase them out or make other changes. There's a lot to figure out. There are a lot of dueling priorities and there's a lot of money at stake. April Walker: Lots to think about as we move into 2025, but I so appreciate your sitting down with us today, Kasey, and thinking through the scenarios. Very helpful for me. In closing, as we wrap up this podcast, I like to take a little bit of a left turn and think about, hey, we're together, we're taking a journey together towards a better profession in doing that, I like to get a glimpse of my guest other journeys outside of the world of tax. Kasey, tell me about a trip you have planned or a bucket list item you've got on the agenda. Kasey Pittman: Actually, we took our kids out of the country for the first time this summer, and we had a little bit of a larger trip planned and it got delayed because of a couple of years, mostly because of COVID, honestly. It was wonderful. We went to Germany and Austria and London, and we were hoping to add France on there too, but we couldn't because it was the Olympics and it was bananas getting into France. It was absolutely bananas. We are hoping to go, not next summer, but maybe the following summer go back and bring the kids to France. I enjoy traveling a lot, but I think it's so cool to see it through their eyes, too. I think it's really neat because the world. April Walker: I love to do that, too. Traveling is definitely I didn't do it a ton as a kid, and so I try to do it and get my daughter on the road as much as possible. Kasey Pittman: But in the short term, April, I'm going to come down your way. Let's see. I want to say it's the first Sunday of December to watch because on Monday, it is the Women's NCAA soccer championship, which will be very exciting. It'll be our third year and it's in Cary. Unfortunately, the next three years, I think, after that are in California, and we're not going to make that trip. It's probably our last year. April Walker:  Yes, you're always welcome to come down to a lovely North Carolina. Hopefully the weather will cooperate. Kasey Pittman: Fingers crossed. April Walker: Thanks again so much, Kasey. Again, this is April Walker from the AICPA Tax Section. This community is your go to source for technical guidance and resources design, especially for CPA tax practitioners like you in mind. This is a podcast from AICPA and CIMA together as the Association of International Certified Professional Accountants. You can find us wherever you listen to your podcast and we encourage you to follow us so you don't miss an episode. If you already follow us, thank you so much. Please feel free to share with a like minded friend. You can also find us at aicpa-cima.com/tax and find our other episodes and get access to any resources we mentioned during this episode. Thank you so much for listening and wishing everyone a happy upcoming holiday season. Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices. This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you're not already a member, consider joining this prestigious community of your tax peers. You'll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscription to The Tax Adviser.

John Solomon Reports
Key House Republican lays out Trump tax plans, benefits for seniors

John Solomon Reports

Play Episode Listen Later Nov 15, 2024 29:55


House Ways and Means Committee Chairman Jason Smith discussed how his committee plans to advance President-elect Donald Trump's agenda on tax issues, including no tax on tips, cuts for small businesses, and modifying the tax code to benefit seniors. He also praised Elon Musk and Vivek Ramaswamy's goals for the new Department of Government Efficiency, saying, “In our country, we don't have a revenue problem. We have a spending problem.” Additional interview with former Chief of the U.S. Office of Citizenship Alfonso Aguilar.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Inside Sources with Boyd Matheson
Congressman Blake Moore talks about leadership in the U.S. House

Inside Sources with Boyd Matheson

Play Episode Listen Later Nov 12, 2024 9:16


Hosts: Taylor Morgan and Rusty Cannon Congressman Blake Moore (UT-1) quickly rose in the ranks in Congressional leadership, becoming Conference Vice Chair and earning a seat on the House Ways and Means Committee. As President-elect Trump taps folks to fill his leadership positions, it’s opening some House leadership positions. Congressman Moore joins the show to discuss the potential leadership shakeup.  

Inside Sources with Boyd Matheson
Inside Sources Full Show November 12th, 2024: Post-election economic effects, GOP retains the House, SLCo bond looks to fail

Inside Sources with Boyd Matheson

Play Episode Listen Later Nov 12, 2024 80:10


Hosts: Taylor Morgan and Rusty Cannon  President-elect Trump announces more picks for his team President-elect Donald Trump is getting right to work, announcing more choices for his cabinet and transition team. We begin Inside Sources discussing the choice of Marco Rubio for Secretary of State, Kristi Noem for Homeland Security, and Mike Waltz as a national security advisor.  Economic effects post-election In the week since the election, the economy has already seen large shifts. The return of President-elect Trump to the White House has sparked a stock market rally, though financial experts warn that Mr. Trump’s proposed tariffs could spell rough weather in 2025. Inside Sources hosts Taylor Morgan and Rusty Cannon dig into the numbers.  How Trump’s victory could affect the future of the GOP Donald Trump’s return to power signifies changes within the Republican Party, and a potential growing shift between populists and conservatives. While party platforms certainly change over time, could Trump’s more diverse views lead to further rifts in the GOP? Listen to find out what the Inside Sources think.  Republicans poised to keep control over the House Several news and media organizations are predicting that Republicans will maintain control of the United States House of Representatives. This would give the Republican Party a trifecta of control. So, what’ll be the first agenda items they tackle? Inside Sources discusses the possibilities.  Salt Lake County prepares for potential failure of public safety bond While ballots in Salt Lake County are still being counted, it’s looking more and more like the $507 million public safety bond will fail. Taylor Morgan and Rusty Cannon examine possible reasons why voters decided to not support the bond. Did it come down to messaging or total cost?   Republicans look to flip Utah House District 10 Utah House District 10 has been the only Democratic seat outside of Salt Lake County for several years. But now, it looks like Republicans will flip the seat in Weber County. Republican candidate for Utah House 10 Jill Koford joins the program to talk about her campaign and top priorities if she officially wins the seat.  Senator-elect John Curtis discusses future Senate leadership Senator-elect John Curtis has served Utah as a Congressman for several years, but now he’s heading to the Senate. What’s up first on his agenda? He joins the program to discuss his next steps. He also talks about the battle for leadership in the Senate.  Congressman Blake Moore talks about leadership in the U.S. House Congressman Blake Moore (UT-1) quickly rose in the ranks in Congressional leadership, becoming Conference Vice Chair and earning a seat on the House Ways and Means Committee. As President-elect Trump taps folks to fill his leadership positions, it’s opening some House leadership positions. Congressman Moore joins the show to discuss the potential leadership shakeup.  

The Daily Punch
House Dems dominate airwaves in the final stretch

The Daily Punch

Play Episode Listen Later Nov 1, 2024 9:34


It's November, and Election day is just four days out. House Democrats are dominating on the air in the last sprint before Nov. 5. Plus: A look at House Minority Whip Katherine Clark and an update on House Ways and Means Committee Chair Jason Smith. Want more in-depth daily coverage from Congress? Subscribe to our free Punchbowl News AM newsletter at punchbowl.news. Learn more about your ad choices. Visit megaphone.fm/adchoices

Unchained
It's Not Just the Presidency. Congressional Races Matter a Lot for Crypto - Ep. 726

Unchained

Play Episode Listen Later Oct 29, 2024 77:03


Subscribe to Unchained's new regulatory newsletter Unregulated. With the presidential race in the spotlight, it's easy to overlook the powerful role that Congress could play in shaping crypto policy in the coming years. From committee chairs to legislative allies, crypto advocates are keenly focused on the outcome of key Congressional races. Kristin Smith of the Blockchain Association and Alex Grieve of Paradigm join us today to break down which races and committees are critical for crypto, why the industry is more visible in Washington than ever, and what the chances are for lame duck legislation this year.  Read more: How Congressional Committee Leadership Could Shake Out for Crypto This Election Show highlights: Why this election is “incredibly important” for crypto  How the presence of Fairshake is increasingly noticed by Washington Why some committees are more important than others for the industry Why the Senate Banking Committee is key Whether Alex and Kristin are concerned about Sen. Warren becoming chair of the Senate Banking Committee What could happen to the House Financial Services Committee Who is likely to take on both of the Agricultural Committees, which is in charge of the CFTC How the Senate Commerce affects the crypto industry How the members of the House Energy Committee don't have a strong stance on crypto What the stance of the Finance Committee on crypto is Why there is an opportunity in the House Ways and Means Committee Whether crypto tax legislation is in the works Who could be the SEC Chair under a Trump or Harris presidency Who could be the next Chair of the CFTC Whether Yellen will be replaced on Treasury, with many pro-crypto options on tap Why the Federal Reserve matters much more if they get to regulate stablecoins What the odds are for crypto legislation being passed this year Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Mantle Robinhood & Arbitrum Guests: Kristin Smith, CEO of the Blockchain Association Kristin's Op-ed on Unchained: In the Ongoing SAB 121 Fight, Here's How Crypto Can Move Forward With Bipartisan Support Previous appearances on Unchained: Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End  Can Crypto Be a Force in the Midterms? Yes, Say Kristin Smith and Jake Chervinsky What the Crypto Industry Could See Under a Biden Administration Alexander Grieve, VP of Government Affairs at Paradigm Links Previous coverage of Unchained on the elections: With Rate Cuts and Upcoming Elections, What's the Best Play in Crypto? Why Congressman Ro Khanna Is Hopeful the Democratic Party Will Embrace Crypto Why Gary Gensler Will Likely Be Out as SEC Chair No Matter Who Wins the Election Congressman French Hill on Crypto and His Top Pick for the Next SEC Chair Timestamps:  00:00 Intro 01:55 Why this election is pivotal for crypto 04:50 How Fairshake's presence is catching Washington's eye 16:39 Which committees matter most for crypto? 22:49 Why the Senate Banking Committee is crucial 28:54 Concerns about Sen. Warren as potential chair? 38:15 Possible shifts in the House Financial Services Committee 41:47 Who could control the Agricultural Committees and CFTC oversight? 47:35 How the Senate Commerce Committee impacts crypto 51:04 House Energy Committee's stance on crypto 53:21 Finance Committee's crypto perspective 55:03 Opportunities in the House Ways and Means Committee 57:28 Is crypto tax legislation in the works? 1:01:23 Potential SEC Chairs under Trump or Harris 1:03:57 Who could be the next CFTC Chair? 1:05:46 Will Yellen be replaced with a pro-crypto Treasury option? 1:08:06 Why the Fed's role could be pivotal for stablecoin regulation 1:10:46 Odds of crypto legislation passing this year Learn more about your ad choices. Visit megaphone.fm/adchoices

The Daily Beans
Refried Beans | You Will Be Visited By Three Agents (feat. Pete Strzok) | Aug 9, 2022

The Daily Beans

Play Episode Listen Later Aug 10, 2024 48:30


Wednesday, August 10th, 2022In the Hot Notes: the FBI has executed a search warrant on sitting member of congress Scott Perry; the Mar-a-Lago search appears to have been focused on whether Trump and his aides withheld items; a court has ruled that the House Ways and Means Committee can obtain Trump's taxes; Doug Mastriano left his 1/6 committee deposition after his demands weren't met; plus Allison and Dana deliver your Good News.Follow our guest on Twitter:Pete Strzokhttps://twitter.com/petestrzok Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Friday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts