Policy for the People Tax Day focus: record-breaking kicker + the need for a well-funded IRS
With tax season coming to an end, it’s a good moment to discuss the vital role that our tax system plays in our lives. At its best, the tax system makes the economy work better for everyone. At its worst, it deepens existing economic injustices.
In this episode, we focus on two aspects of the tax system. First, we discuss Oregon’s record-breaking kicker, which is sending massive tax rebates to the rich, while giving little or nothing to those struggling the most. OCPP’s Daniel Hauser explains the policy and discusses how to make the kicker work better for Oregonians.
In the second half of the show, we focus on the importance of having a well-funded Internal Revenue Service (IRS). Joe Hughes from the Institute on Taxation and Economic Policy discusses the long-term erosion of the agency’s budget, as well as recent efforts to turn things around.