Freakonomics Radio

626. Ten Myths About the U.S. Tax System

838 snips
Mar 14, 2025
Jessica Riedl, a senior fellow at the Manhattan Institute, shares her expertise on U.S. tax policy and the national debt. She debunks ten pervasive myths about the tax system, revealing how political narratives often distort public perception. Riedl critiques both current and past administrations' fiscal policies, highlighting the miscalculations in tax rates and the ramifications of government spending. The discussion emphasizes the urgency for accurate information and reform, especially with rising national debt and upcoming elections on the horizon.
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ANECDOTE

White House Ban

  • Jessica Riedel criticized President Bush's spending, leading to a White House ban.
  • She later worked with Bush's budget director, Senator Rob Portman.
INSIGHT

Political Stance

  • Riedel identifies as pragmatic and right-of-center, prioritizing free markets and lower spending.
  • She criticizes both Democratic and Republican administrations for excessive spending.
INSIGHT

Trump's Inflationary Policies

  • Riedel criticizes Trump's economic policies as aggressively inflationary.
  • She cites tax cuts, spending increases, tariffs, and immigration policies as contributing factors.
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