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The FAIRtax Guys continue demonstrating how, with the FAIRtax as our national tax policy, our country would be better able to handle the current health and economic crisis. Using the daily emails from Politico called the Morning Tax, they follow the progression of steps taken by our government and see how much more nimble our response could be if we already had the FAIRtax as our tax plan.
Many of you subscribe to morning newsletters to stay up-to-date on issues that matter to you, but do you know what it takes to get that information from Capitol Hill to your inbox? Listen in as we chat with Aaron Lorenzo, one of Politico’s leading tax reporters and author of Morning Tax – a daily newsletter covering the latest in tax politics and policy. In this episode, we discuss what led Aaron to cover one of Washington’s most complicated issues, his experiences reporting on the Tax Cuts and Jobs Act, the status of the SECURE Act, and how reporting on politics has changed in the last few years.
The FAIRtax Guys use a report from Morning Tax that helps demonstrate why the income tax is a failed system and then use Bob's talents to bring out more benefits of the FAIRtax. Happy New Year!
Last month, House Ways and Means Committee Chairman Kevin Brady released what he’s calling a “listening session framework” for a second bite at the tax reform apple. While many thought that the Tax Cuts and Jobs Act passed last December would be the last we’d hear about tax reform for at least a few years, Brady’s framework gives us the outline for what’s been dubbed “Tax Reform 2.0.” The plan includes permanent tax cuts, new savings vehicles for families, retirees, and students, and reforms aimed at removing, quote, “barriers to growth.” Since this comes right in the midst of ongoing fallout from Tax Reform 1.0, specifically states adjusting to changes to state and local deductions, it’s the perfect time to pause and reflect on where tax policy is now, and what it might look like if 2.0 becomes a reality. Here to talk about all things tax, we’ve got an all-star panel lined-up: Bernie Becker, tax reporter for Politico, known to many of you as the brains behind the “Morning Tax” tipsheet Veronique de Rugy, senior research fellow here at Mercatus. Veronique is an economist and nationally syndicated columnist whose research focuses on the US economy, the federal budget, homeland security, tax issues, and financial privacy Michael Farren, research fellow here at Mercatus, focusing on the effects of government favoritism as well as labor and economic development and transportation issues Questions, comments, episode ideas? Follow Chad on Twitter @ChadMReese. This week's beer is brought to you by Commonwealth Brewing Co. Check them out here!