Why Is This Happening? The Chris Hayes Podcast cover image

Why Is This Happening? The Chris Hayes Podcast

The Stakes of Tax Policy with Kimberly Clausing

Apr 16, 2024
Kimberly Clausing, tax expert, discusses Trump vs. Biden tax policies, implications of tax cuts for wealthy elites, corporate tax rates and profit shifting challenges, IRS funding implications, and the impact of tax policies on different income groups. Clausing also highlights the evolution of tax policies under Presidents Biden and Trump, emphasizing changes in tax rates, poverty reduction efforts, and clean energy investments.
39:12

Podcast summary created with Snipd AI

Quick takeaways

  • Trump focused on tax cuts benefiting corporations and the wealthy, while Biden aimed at increasing taxes for the rich and providing relief to working families.
  • Biden's tax policies included expanding tax credits to reduce child poverty and addressing social issues, promoting fair tax burden distribution.

Deep dives

Comparison of Tax Policies Under Trump and Biden

Under the Trump administration, there was a focus on tax cuts that primarily benefited corporations and the wealthiest individuals. The Tax Cuts and Jobs Act reflected this approach, reducing corporate taxes significantly and providing individual tax cuts, including benefiting the top earners. In contrast, the Biden administration has emphasized increasing tax compliance and payments for the wealthiest earners and corporations while reducing tax burdens for working families and the lowest-income individuals.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode