Podcasts about means committee

Deloitte experts break down the House Ways and Means Committee's tax package markup and what it means for tax policy and business planning.

This week, we're covering some of the key provisions in the draft tax legislation that was released on May 12.

Vault co-author Laura Weiss takes you inside the room of the House Ways and Means Committee's 17-and-a-half hour markup of the GOP tax bill on Tuesday. This story was featured in The Readback, our weekend digest featuring the best of Punchbowl News this week. 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

The House Ways and Means Committee has passed a tax bill that includes several priorities backed by the National Cattlemen's Beef Association that are critical for producers trying to stay afloat in a volatile economy.See omnystudio.com/listener for privacy information.

This week's episode is a mix of CPA-centric news and a Q&A with a leader in the profession. First is a summary of the House Ways and Means Committee's tax bill, the AICPA's reaction to some of its provisions, and an update on paths to CPA licensure. Danielle Supkis Cheek, CPA, is the guest on the main segment, discussing how accountants can avoid head-spinning dizziness when it comes to artificial intelligence (AI) — and why the profession is well suited for technology adoption. Supkis Cheek, senior vice president–AI, Analytics and Assurance at Caseware, also discusses how organizations can use AI to scale operations. Finally, citing a set of criteria from Digital CPA speaker — and JofA podcast guest — Alex Dorr, Supkis Cheek rates the amount of drama she brings to the workplace. What you'll learn from this episode: ·         A summary of top JofA news items from earlier this week. ·         Why conference speakers on AI topics have a hard time providing timely slides for sessions. ·         The importance of the evergreen nature of accounting standards. ·         Supkis Cheek's explanation of professional skepticism's role in harnessing AI. ·         Detailing the public expectation gap as it relates to audits and technology. ·         Why Supkis Cheek considers the AI era a curation age instead of a technology age.

On today's show we are talking about the tax reform that was tabled in the US Congress Ways and Means Committee. This new tax bill, ambitiously titled the "One Big, Beautiful Bill" by House Republicans, is poised to introduce a cascade of changes that could reshape the landscape for real estate investors. While still navigating the legislative process, the bill's provisions target substantial tax alterations designed to invigorate various sectors, with real estate emerging as a notable beneficiary.------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

Agreements signed by U.S. President Donald Trump and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani on Wednesday will "generate an economic exchange worth at least $1.2 trillion," the White House said in a fact sheet summarizing some of the deals' details. The agreements include a $96 billion deal with Qatar Airways to buy up to 210 Boeing 787 Dreamliner and 777X airplanes with GE Aerospace engines, the fact sheet said.It was markup day for the tax-writing House Ways and Means Committee on May 13—one day after Republicans released the full text of their long-awaited tax legislation—as lawmakers on both sides of the aisle engaged in testy exchanges. The committee pushed the bill forward overnight, passing it along party lines with a 26–19 vote.Sean "Diddy" Combs' criminal trial will enter its third day on Wednesday with his former girlfriend Casandra Ventura expected to resume testifying about how the rapper and hip-hop mogul made her a central figure in his alleged sex trafficking.

What's at stake when nonprofits and democracy are under attack? How can organizations respond effectively to threats against their tax status and Constitutional rights? In this illuminating conversation, Rusty speaks with Mike Zamore, National Director of Policy and Government Affairs at the American Civil Liberties Union (ACLU), about the unprecedented challenges facing nonprofits in today's political climate.Mike Zamore draws from his 22 years of Capitol Hill experience and current ACLU leadership to explain how nonprofits are essential to America's constitutional framework of checks and balances. He details recent fights against attempts to weaponize government power against nonprofits, including legislation that would have allowed stripping organizations of tax-exempt status without due process. The conversation highlights parallels between threats to individual liberties and threats to nonprofit First Amendment freedoms.The discussion concludes with practical advice for nonprofits in red states and red districts to effectively engage with Republican representatives regarding the upcoming tax reconciliation bill that could adversely affect the sector. Zamore emphasizes the importance of solidarity, encouraging nonprofits to stand together against intimidation tactics, and that reminding us that maintaining collective courage is crucial for preserving both Constitutional rights and the ability to serve communities.This episode was recorded the morning of May 9, 2025, before the House Ways and Means Committee revealed the language in their portion of the proposed tax bill, which includes re-introduction of H.R. 9495. Click here for resources on new tax bill.Resources referenced in the episode:ACLUA Call to Action for Red State Nonprofits on the FTP blog"Meet the Man Who Wants to Tax Most of the Nonprofit World" by Ben Gose"‘Five Alarm Fire': How New Tax Law Could Decimate Nonprofits — and What Can Be Done" by Steve TaylorFilibustered!: How to Fix the Broken Senate and Save America, co-authored by Senator Jeff Merkley and Mike Zamore"How Will We Know When We Have Lost Our Democracy?"Harvard statement "Upholding Our Values, Defending Our University" and lawsuit against the governmentStatement of Solidarity with Harvard UniversityFTP Podcast Episode “Dr. King, AmeriCorps, & Nonprofit Work - with Michael Smith, AmeriCorps”“AmeriCorps members who respond to disasters and help nonprofits are let go in DOGE cuts”Guest Bio:Mike Zamore is the National Director of Policy & Government Affairs at the ACLU, where he leads efforts to harness the organization's vast expertise, 4 million members and supporters, paid staff in every state, and electoral work to shape federal, state, and local policy.Mike is a 22-year veteran of Capitol Hill, and spent over 14 years as the Chief of Staff to Senator Jeff Merkley, an Oregon Democrat first elected in 2008. As Merkley's top aide, Mike managed a 50+ person staff and $4 million budget, counseled the Senator on legislative and political strategy, represented the Senator to various constituencies, and led two successful re-elections. Prior to joining Senator Merkley, Mike was the Policy Director at the Democratic Senatorial Campaign Committee, where he assisted the 2008 Senate candidates develop their positions on the issues. Mike earlier served as Policy Advisor to Representative Patrick Kennedy and spearheaded Kennedy's legislative agenda, including mental health parity legislation that became law in 2008, and spoke frequently on health systems reform. Earlier in his career, he spent several years working on business development projects in the early days of post-Soviet Russia and clerked for Judge Allyne R. Ross on the Eastern District of New York.Mike is an adjunct faculty member at American University's Washington College of Law. He graduated from Brown University and Harvard Law School, lives in Washington, DC with his wife and two sons.

Andrew Walworth, Tom Bevan and Carl Cannon discuss today's news that the budget bill moved out of the House Ways and Means Committee on a party line vote, and the grand jury indictment of Judge Hannah Duggan on two charges of obstruction of justice that carry a maximum penalty of six years in prison and a $350,000 fine. They also talk about the reaction to the new book “Original Sin” by Jake Tapper and Alex Thompson and a new article by New York Times publisher A.G. Sulzberger. Plus, Homeland Security Secretary Kristi Noem's statement that three Democratic representatives committed felonies while visiting an ICE facility in Newark last Friday. Also, Pete Rose and Shoeless Joe Jackson are deemed eligible for induction in the Baseball Hall of Fame. And finally, Tom Bevan talks to RCP White House correspondent Phil Wegmann about the latest news concerning President Trump's trip to the Middle East.

Send us a textThe House Ways and Means Committee has pass The One Big Beautiful Bill the TOBBB). Knowing this was coming up, Jeff invited Scott to go on a Tax Chats road trip, but, got rejected--Scott was too busy. So, Jeff watched the process from a  distance. Jeff discusses what he observed, and Jeff and Scott discuss the contents of the bill, for far as it was passed by the House Ways and Means Committee. 

We Like Shooting Episode 610 This episode of We Like Shooting is brought to you by: Brownells, Midwest Industries, Black Rhino Concealment, Gideon Optics, RMA Defense, Medical Gear Outfitters, Blue Alpha, Bowers Group, and Matador Arms   Welcome to the We Like Shooting Show, episode 610! Our cast tonight is Jeremy Pozderac, Aaron Krieger, Nick Lynch, and me Shawn Herrin, welcome to the show! GunCon PUBLIC EVENT - June 28th Location - Cleveland, Ohio at the Twist Drill Building (1242 E 49th St) Industry/Media Events - June 25-28 (Mixed locations around the Cleveland area) https://guncon.net/event/guncon-2025/ use code wlsislife for $5 off   GOALS August 9th and 10th in Knoxville, Tennessee. https://events.goa.org/goals/   - Gear Chat Shawn - ATAK: Your Ultimate Navigation Tool ATAK Shawn - Connect Without Cell Signal Meshtastic Shawn - Flux Raider News Update Flux Raider Update Ace Tac Gear Placard System Shawn - Mac 11 Rook Bullet Points Nick - PRS Match Update! PRS match update Jeremy - Wild Retraction Saga Jeremy Rost martin retraction Gun Fights Step right up for "Gun Fights," the high-octane segment hosted by Nick Lynch, where our cast members go head-to-head in a game show-style showdown! Each contestant tries to prove their gun knowledge dominance. It's a wild ride of bids, bluffs, and banter—who will come out on top? Tune in to find out! WLS is Lifestyle P320 Fun with Military Arms Military Arms Channel P320 Sig Sauer Video Aaron's Alley Going Ballistic Suppressors: Tax-Free, Please! Rep. Clyde Introduces Bill to Remove ‘Unconstitutional Taxation/Registration' of Suppressors Flawed Gun Control Study Exposed Breakdown of bad gun control study Guns Up, Government Down! Random country does pro-2a thing. Cool! California's Glock Grab: Seriously? California Democrats Push Bill That Could Ban Glock Handguns Ammo Talk: Tariffs and Tactics Podcast: What Ammo Market Data Says About Tariff Impacts So Far (ft. Black Basin Outdoors) Silencers: No Hearing Protection Needed! Silencer Shop and Silencer Central pushback on the Hearing Protection Act with lobbying groups. Alabama's New Gun Law: Triggering Tears from Gun Control Crusaders Alabama's latest gun law has drawn significant backlash from Second Amendment advocates, who argue it infringes on their rights. The law's implications for the gun community are increasingly contentious, igniting heated debates about personal freedoms versus regulation. Same Old Gun Control Nonsense Ways and Means fucks us again on the SHORT and HPA.,The speaker expresses frustration regarding the recent markup from the House Ways and Means Committee concerning the Hearing Protection Act and related legislation. Despite efforts to remove certain firearms from the National Firearms Act (NFA), key provisions, such as the removal of short-barreled rifles and shotguns, were not included, leaving the registry intact. While there are some positive changes, like reducing the tax for firearm silencers, the speaker is critical of the overall outcome and urges listeners to take action by contacting committee members to demand more substantial reforms. The speaker emphasizes the importance of public pressure and staying engaged in the legislative process, highlighting the potential for change if citizens remain active and vocal. Reviews ⭐⭐⭐⭐⭐ - from Dan Gleesach - Sandwiches are good. You are all sandwiches. Jerambe- the combo Fatty, beefy, and cheesy with the right amount of spice from the giardiniera. Sometimes, there's a sausage inside. Savage- smooth peanut butter on crustless sunbeam white bread…unsure if there is need for further explanation Nick - cold cut trio Gets the job done. Not flashy. Straight to business.

Congress has officially unveiled its draft legislation for Opportunity Zones 2.0—what's in it, and what's missing? In this episode, Jimmy Atkinson is joined by Jason Watkins of Novogradac to break down the brand new OZ provisions released by the House Ways and Means Committee as part of a larger tax package. They discuss how the proposal would reshape Opportunity Zone designations, introduce rural incentives, and impact timelines for investors and developers. They also highlight key omissions—like interim gains relief and fund-of-funds eligibility—and raise concerns about a potential 2026 “capital freeze” unless major changes are made. Show notes & summary: https://opportunityzones.com/2025/05/oz-legislation-343/

The fight over the Inflation Reduction Act has arrived. After months of discussion, the Republican majority in the House is now beginning to write, review, and argue about its plans to transform the climate law's energy tax provisions. We wanted to record a show about how to follow that battle. But then — halfway through recording that episode — the Republican-controlled House Ways and Means Committee dropped the first draft of their proposal to gut the IRA, and we had to review it on-air. We were joined by Luke Bassett, a former senior advisor for domestic climate policy at the U.S. Treasury Department, and a former senior staff member at the Senate Committee on Energy and Natural Resources. We chatted about the major steps in the reconciliation process, what to watch next, and what to look for in the new GOP draft. Shift Key is hosted by Jesse Jenkins, a professor of energy systems engineering at Princeton University, and Robinson Meyer, Heatmap's executive editor.Mentioned:The House GOP Tax Proposal Would Effectively Kill The IRAPermitting Reform Is Back — and Buried in Trump's Tax BillThe House Ways and Means Committee's first attempt at rewriting the IRA and its energy tax provisions(Note: At one point, Luke refers to a permitting reform proposal as coming from the Energy and Commerce Committee. It's a product of the House Natural Resources Committee.) --​Music for Shift Key is by Adam Kromelow. Hosted on Acast. See acast.com/privacy for more information.

The opportunity zones (OZ) incentive remains a versatile tool in the workshop of community development, housing production and renewable energy generation. In this week's episode of the Tax Credit Tuesday podcast, host Michael Novogradac, CPA, and guest Brent Parker, CPA, discuss the intersection of the OZ incentive with other tax incentives, including renewable energy tax credits (RETCs) such as the investment tax credit (ITC) and production tax credit (PTC), low-income housing tax credits (LIHTCs), new markets tax credits (NMTCs) and historic tax credits (HTCs). Parker and Novogradac discuss some of the benefits and challenges of combining OZs with these other financial tools, including discussing various types of transaction structures. The two talk about the possibilities for the incentive before the Dec. 31, 2026, expiration to realize capital gains, which may see an extension after its inclusion in the U.S. House of Representatives Ways and Means Committee's reconciliation budget proposal this week.

Stories we're following this morning at Progress Texas:All-time temperature records look likely to fall for both San Antonio and Austin as a dangerous and alarmingly early heat wave arrives: https://www.mysanantonio.com/news/weather/article/dangerous-extreme-heat-texas-20323488.php...Even those who are bullish about ERCOT's prospects with this heat wave are concerned about the many fossil fuel-powered plants that are offline for "normal" May maintenance: https://www.expressnews.com/business/article/texas-grid-ercot-spring-heat-wave-thermal-outages-20323306.php...This kind of heat is no joke - it's important to take extra care and to check in on the elderly or otherwise vulnerable: https://www.statesman.com/story/weather/severe/2025/05/12/texas-heat-wave-extreme-temperatures-texas-weather-austin-san-antonio-houston-dallas/83578591007/Crunch time arrives for bills in the 89th Legislature, as the drop dead moment arrives this week: https://www.houstonpublicmedia.org/articles/news/politics/2025/05/12/520648/its-crunch-time-for-texas-house-bills-as-three-key-deadlines-hit-this-week/The National Council of Nonprofits has issued a warning that draft tax legislation released by the U.S. House Ways and Means Committee contains provisions that would allow Donald Trump to arbitrarily shut down non-profit media orgs including NPR, PBS...and Progress Texas: https://www.councilofnonprofits.org/articles/nonprofits-under-threat-whats-house-tax-bill-and-how-you-can-helpWe look forward to celebrating our 15th anniversary this summer! Join us for a celebratory gathering in Dallas on Monday June 9: ⁠⁠⁠⁠⁠⁠https://act.progresstexas.org/a/2025anniversary⁠⁠⁠⁠⁠⁠The merch to match your progressive values awaits at our web store! Goodies at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://store.progresstexas.org/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.We're loving the troll-free environment at BlueSky! Follow us there at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://bsky.app/profile/progresstexas.bsky.social⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Thanks for listening! Find our web store and other ways to support our important work at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://progresstexas.org⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Throughout the campaign of 2024, President Donald Trump promised to use tariffs to reset America’s global trade relationships, revitalize American manufacturing, and increase government revenues—and in the first months of his second administration, the president has used tariffs and the threat of tariffs to drive concessions even while raising antagonism and roiling markets. Kimberly Clausing helps us distinguish between the rhetoric and the reality of these tariffs. Clausing is an expert on the taxation of multinational firms. She served as the Deputy Assistant Secretary for Tax Analysis in the U.S. Department of the Treasury, serving as the lead economist in the Office of Tax Policy during the Biden administration. She is 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. Clausing 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. Her research examines how government decisions and corporate behavior interplay in the global economy. She has published numerous articles on the taxation of multinational firms, and she is the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.” See omnystudio.com/listener for privacy information.

Morgan Stanley Research analyst Mark Schmidt and Investment Management's Craig Brandon discuss the heightened uncertainty in the U.S. municipal bonds market.Read more insights from Morgan Stanley.For a full list of episode disclosures click here.----- Transcript -----Mark Schmidt: Welcome to Thoughts on the Market. I'm Mark Schmidt, Morgan Stanley's Head of Municipal Strategy.Craig Brandon: I'm Craig Brandon, Co-Director of Municipal Investments at Morgan Stanley Investment Management.Mark Schmidt: Today, let's talk about the biggest market you hardly ever hear about – municipal bonds, a $4 trillion asset class.It's Monday, May 5th at 10am in Boston.Mark Schmidt: If you've driven, flown, gone to school or turned on a tap, chances are munis made it happen. Although munis are late cycle haven, they were not immune to the latest bout of market volatility. Craig, why was April so tough?Craig Brandon: So, what we say in April, it was sort of the trifecta of things that happened that were a little different than other asset classes. The first thing that happened is we saw a significant increase in treasury rates – and munis are generally correlated to treasuries. We're a very high-quality asset class, that's viewed as a duration asset class. So, one thing we saw were rates going up. When we see rates going up, you generally see money coming out of the market, right? So, I think investors were a little bit impacted by the higher rates, the correlation to treasuries, the duration, and saw some flows out of the market.Secondly, what we saw is conversation about the tax exemption in Washington D.C. What that did is it caused muni issuers to pull their issuance forward. So, if you're an infrastructure issuer, you are issuing bonds in the next year to year and a half; you're going to pull that forward because if there's any risk of loss of the tax exemption, you want to get these bonds issued today. So that's basically what drives technicals. It's supply and demand. So, what we saw was a decrease in demand because of higher rates; an increase in supply because of issuance being pulled forward.And the third part of the trifecta we refer to is the conversations about the economy. So, I would put that, it's sort of a distant third, but there's still conversations about maybe credit weakness driven by a slowing economy.Mark Schmidt: Craig, your team has been through a lot of tough market cycles. Given your experience, how did the most recent selloff compare? And why was it not like 2008?Craig Brandon: I started my career back in 1998 during the long-term capital management crisis. I lived through 2008. I lived through the COVID crisis, and you know, really when I look at the crisis in 2008 – no banks went out of business three weeks ago, right? In 2008 we were really sitting on a trading desk wondering where this was going to end.You know, we had a number of meetings with our staff, over the last couple weeks explaining to them why it was different and how. Yes, there was some volatility here, but you could see that there was going to be an end to this, and this was not going to be a permanent restructuring of the market. So, I think we felt comfortable. It was very different than 2008 and it really felt different than COVID.Mark Schmidt: That's reassuring. But with economic growth set to slow sharply, how does your credit team think the fiscal health of America's state and local governments will hold up?Craig Brandon: Well, remember state and local governments, and when we're talking about munis, we're also talking about other infrastructure asset classes like water and sewer bonds. Like, you know, transportation, bonds, airports. We're talking about toll roads.They went into this with a very strong balance sheet, right? Remember, there was a lot of infrastructure money spent by the federal government during COVID to give issuers money to make it through COVID. There's still a lot of money on balance sheets. So, what we do is we're going into this crisis with a lot of cash on balance sheets, allowing issuers to be able to withstand some weakness in the economy and get through to the other side of this.Mark Schmidt: Not only do state and local governments have a lot of cash, but they're just not that impacted by tariffs, right? So why did muni yields perform worse than U.S. treasuries over the past couple of weeks?Craig Brandon: Right. It really… We're technically driven, right? The U.S. muni market is more retail driven than some other asset classes. Remember – investment grade corporates, treasury bonds, there's a lot of institutional buyers in those markets. In the municipal market, it's primarily retail driven.So, when you know, individual retail investors get nervous, they tend to pull money out of the market. So, what we saw was money coming out of the market. At the same time, we saw an individual increase in more bonds, which just led to very weak technicals, which when we see that it eventually reverses itself.Mark Schmidt: Now I almost buried the lede, right? Why invest in munis? Well, they're great credit quality, but they're also tax free. In fact, muni bonds have been exempt from federal taxes for over a century. You have a lot of experience putting together tax bills, and right now people are worried about tax reform. Do you think investors should be concerned?Craig Brandon: Listen. I'm not really losing a lot of sleep at night over the tax exemption. And I think there's other, you know, issues to worry about. Why do I say that?As you mentioned Mark, I spent the early years of my career working for the New York State Assembly Ways and Means Committee. I spent seven years negotiating budgets and what that did is it gave me a window – into how, you know, not only state budgets, but the federal budget gets put together.So, what it also showed me was the relationship between state and local elected officials and your representatives in Congress and your representatives in the Senate. So, I know firsthand that members of Congress and members of the Senate in Washington have very close relationships with members of the state legislatures, with governors, with mayors, with city council members, with school board members – who are all delivering the message that significantly higher financing costs that could potentially happen from the loss of the exemption, could be meaningful to them.And I think members of Congress and members of the Senate and Washington get it. They understand it because they were all there when it happened. The last time the muni exemption came under fire was back in 2012; and in 2012, a lot of members of Congress were in the state legislature back then, so they understand it.Mark Schmidt: That's reassuring because right now, tax equivalent yields in the muni market are 7 to 8 per cent. That's equal to or greater than the long run rate of return on the stock market. So, whether to invest in the muni market seems pretty straightforward. How to invest in the muni market? Well, with 50,000 issuers, that's a little complicated. How do you recommend investors get exposure to tax-free munis right now?Craig Brandon: Well, and that is a very common question. The muni market can be very confusing because there are just so many bonds out there. You know, over 50,000 issuers, there's over a million individual CUSIPs in the muni market.So as an individual investor, where do you start? There's different coupon structures, different call structures, different maturity structures, ratings. There's so many different variables that go into a decision in investing in muni bonds.I can make an argument that you could probably mimic the S&P 500 with 500 different stocks. But most muni indices are over 50,000 constituents. It's very difficult to replicate the muni market by yourself, which is why a lot of people, you know, they let professional money managers, do the investing for them. Whether you're looking at mutual funds, whether you're looking at separately managed accounts, whether you're looking at exchange traded fund ETFs, there's a lot of different ways to get exposure to the muni market. But with the huge amount of choices you have to make, I think a lot of individual investors would just let a professional with the experience do it.Mark Schmidt: And active managers let you customize portfolios to your unique tax situation and risk tolerance. So, Craig, a final question for you. How do munis fit into a diversified portfolio?Craig Brandon: Munis are generally the stable part of most people's portfolios. Remember, you don't have a choice of whether you're going to pay your taxes or not. You have to pay your taxes, you have to pay your water bill, you have to pay your power bill. You have to pay tolls on highways. You have to pay airport fees when you buy an airline ticket, right?It's not an option. So, because the revenue streams are so stable, you see most muni bonds rated AA or AAA. The default rate for rated munis is significantly below 1 per cent. It's something in the ballpark of about 0.2 per cent*. So, with such a low default rate – listen, we're technically driven, as I said. You see ups and downs in the market. But over a longer period of time, munis can give you generally stable returns, tax exempt income over the long term, and they're one of the more stable asset classes that you see in your overall portfolio.Mark Schmidt: That sounds boring, and I mean that in the best possible way. Craig, thanks so much for your time today.Craig Brandon: Thanks, Mark, happy to be hereMark Schmidt: And thank you for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.*“US Municipal Bond Defaults and Recoveries, 1970-2021” – Moody's Investor ServicesDisclosure: Past performance is no guarantee of future results. The returns referred to in the commentary are those of representative indices and are not meant to depict the performance of a specific investment.Risk ConsiderationsDiversification does not eliminate the risk of loss.There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the portfolio will decline and that the value of portfolio shares may therefore be less than what you paid for them. 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In this episode, Kent visits with Congressman Jodey Arrington, who is serving his fourth term as chairman of the Budget Committee and is a member of the Ways and Means Committee. Arrington shares his journey from his upbringing in Plainview, Texas, to his education at Texas Tech, and his early career with Governor George W. Bush. The conversation covers pivotal moments such as 9/11 and Hurricane Katrina, and Arrington's role in federal recovery efforts. The episode offers a compelling look at Arrington's dedication to public service and his contributions to Texas and beyond.

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.

Congressman John Larson represents Connecticut's First District. Now in his thirteenth term, he sits on the influential House Ways and Means Committee—including the Subcommittee on Trade and the Social Security Subcommittee, where he serves as the Ranking Member. Join us for this important conversation about the attack on Social Security by Trump, Musk and DOGE. Got somethin' to say?! Email us at BackroomAndy@gmail.com Leave us a message: 845-307-7446 Twitter: @AndyOstroy Produced by Andy Ostroy, Matty Rosenberg, and Jennifer Hammoud @ Radio Free Rhiniecliff Design by Cricket Lengyel

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. 

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.

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.

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.

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

Washington lawmakers are gearing up for another big-budget cycle and the latest proposal from Senate Democrats shows billions in new spending, tax increases and major shifts in state funding.Senator June Robinson (D-Everett), Chair of the Senate Ways and Means Committee, introduced Proposed Substitute Senate Bill (PSSB) 5167, the 2025-27 biennial operating budget, on Monday, which outlines a $78.5 billion operating budget to fund education, healthcare, social services and state employee pay increases. The entire proposal can be found here.

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.

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.

The Economic Club of Minnesota celebrated the annual Bill Frenzel Champion of Free Trade Award event on March 12, 2025. Devry Boughner Vorwerk, chair of the award advisory committee, presented the award to the Honorable Kevin Brady, former congressman and former Chairman of the Joint Ways and Means Committee. Chairman Brady was chosen based on his dedication and consistent advocacy and leadership in advancing policies that promote free trade and economic growth. The audience was fortunate to hear perspectives on trade agreements, tax, and tariffs during a fireside chat between Chairman Brady and the Honorable Erik Paulsen, former congressman from Minnesota. Some key quotes were, “America first does not mean America alone, and America needs to get back on the trade field.” Chairman Brady's comments were very timely!

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!

 - ICYMI: Yesterday's post-presser commentary from Ashe & Gordon, while we wait for government to start  - DOGE: Ways and Means Committee reviews resolutions on government access to finances, Social Security  - President Trump welcomes Irish Prime Minister Michael Martin  - CONTINUED: Ways and Means Committee reviews resolutions on government access to finances, Social Security  - President Trump's Bilateral Meeting with the Taoiseach of Ireland, Irish PM Michael Martin  - CONTINUED: Ways and Means Committee reviews resolutions on government access to finances, Social Security  - President Trump, Speaker Mike Johnson, and Irish Prime Minister Michael Martin speak at the White House Luncheon  - President Trump speaks at the Business Round Table (from 3.11.25)  - Senate Commerce, Science, and Technology Committee on Subpoenas - Commentary from Ashe in America  - House Subcommittee on Cybersecurity and Infrastructure Protection Hearing "Regularity Harm or Harmonization? Examining the Opportunity to Improve the Cyber Regulatory Regime" - House Foreign Affairs Africa Subcommittee: Conflict and Persecution in Nigeria

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

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

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

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

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

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

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The [CB] has started the narrative that the tax cuts are going to the wealthy and his policies will bring the country into a recession. The country is already in a recession. Trump has now added more tariffs to the mix. Canada and Mexico will fold and give in to his demands. Tariffs will create jobs over the long run. The economic transition has begun. The [DS] is feeling the pain, they were put on display during Trumps congressional speech. The people saw how the Ds hate our country and how they were protecting their money laundering operation. The pain they are feeling will increase as their crimes are released to the public. In the end the D party will cease to exist once it's all exposed.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Trump's lies on tax cuts are another gut punch to America's working-class  You know the old expression, numbers don't lie?   Well, they do when the numbers come out of President Trump's mouth.  Trump's numbers don't add up. If he were getting a math grade for his speech to the joint session of Congress, he'd fail miserably.  Trump is worse than a student who hasn't done his homework. He's a president who routinely lies to mislead the public, justify his wrongdoing and distract us from the real harm he's doing to Americans and the lasting damage he's doing to America.  Trump made a lot of promises about a new “golden age” for America. But in reality, he and congressional Republicans are getting ready to sell out Americans and our future so he can deliver massive tax cuts to billionaires like Elon Musk.  Source: thehill.com Yes, the $4.5 trillion in tax cuts you're referring to is largely tied to the continuation of the Trump tax cuts, specifically those enacted under the 2017 Tax Cuts and Jobs Act (TCJA). Many of the TCJA's provisions, particularly the individual income tax cuts, are set to expire at the end of 2025. Extending these expiring provisions is a significant part of what's being discussed in current budget proposals. The Congressional Budget Office (CBO) and other analyses estimate that permanently extending the TCJA's individual, estate, and certain business tax provisions would cost around $4.6 trillion over a 10-year period (2025–2034), including debt service costs. This figure aligns closely with the $4.5 trillion often cited in recent Republican budget resolutions, such as the House Budget Committee's plan released in February 2025. That proposal explicitly allocates $4.5 trillion to the Ways and Means Committee to "lock in tax cuts," which is widely understood to mean extending the TCJA provisions that would otherwise expire.   The TCJA lowered rates across all brackets. For example, the 15% bracket dropped to 12%, and the 25% bracket became 22%. If it expires, rates revert to pre-2017 levels (10%, 15%, 25%, 28%, 33%, 35%, 39.6%). A single filer earning $50,000 in 2025, for instance, would see their marginal rate jump from 22% to 25%, increasing their tax bill by a few hundred dollars annually. Standard Deduction: The TCJA nearly doubled it—$13,850 for singles and $27,700 for married couples in 2023 (adjusted yearly for inflation). Post-expiration, it drops back to around $6,350 and $12,700 (pre-2017 levels, plus inflation). This means more income gets taxed, especially for those who don't itemize, which is most working people. A couple taking the $27,700 deduction now could owe taxes on an extra $15,000 or so, adding roughly $3,000 to their bill at a 22% rate. Child Tax Credit: The TCJA bumped it to $2,000 per kid (with $1,

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.

State Rep. Andrew Ireland joins Kendall & Casey to talk about what happened yesterday during the Ways and Means Commitee hearing of the property tax relief bill.See omnystudio.com/listener for privacy information.

Bitcoin is down half a percent at $86,211 Eth is up slightly at $2,347 XRP, is down half a percent at $2.22 Pump.fun sees sharp drop in tokens graduating to Raydium. BlackRock's ETF sees record net outflows. Sky integrates with Berachain SEC closes investigation into Gemini House Ways and Means Committee vetos resolution. Ethereum Foundation donates $1.25M for Alexey Pertsev defense. Raise secures $63M in funding. Learn more about your ad choices. Visit megaphone.fm/adchoices

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!

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

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.

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.

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.” 

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

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.

In this weekend's episode, three segments from this past week's Washington Journal. First, a discussion about the incoming Trump Administration's trade and tariff policies with Republican Congressman Adrian Smith of the Ways & Means Committee. Then, we discuss House legislation passed earlier this week – that bans transgender athletes in women's sports with former college athlete and Massachusetts representative Lori Trahan (D-MA). Finally, Quincy Institute's Ben Freeman joins us to discuss his organization's new report on "think tank" funding.  Learn more about your ad choices. Visit megaphone.fm/adchoices

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