Adam Michel

Adam Michel explains why Congress should end penalties on private saving. Topics include removing impediments to saving, promoting neutral government policy for savings, addressing concerns about private saving, debates around tax advantage savings accounts, and exploring the USA Universal Savings Account project.

Join Adam Michel, Director of tax policy studies at the Cato Institute, as he uncovers the hidden costs of federal tax withholding. He argues that this policy obscures the true burden of taxation, making it harder for taxpayers to grasp their financial obligations. The discussion ventures into alternative tax structures like a negative income tax and a simplified flat tax, aiming to empower citizens with clearer fiscal responsibilities. Michel also contemplates how ending withholding could prompt demands for a leaner government and greater accountability.

Adam Michel from the Cato Institute discusses the upcoming increase in income taxes in 2026 and proposes tax policy reforms to address the issue. They explore the complexities of individual income taxes, the progressive nature of the US tax system compared to OECD countries, and the impact on public engagement and government transparency.

Adam Michel, the Director of tax policy studies at the Cato Institute, breaks down the hypocrisy surrounding tax expenditures. He reveals how taxpayers cheer for their own benefits while deriding those that serve others. The discussion dives into egregious tax breaks that clutter the system, like deductions for pass-through businesses. Michel also highlights taxpayer favorites, such as the mortgage interest deduction, and examines how these preferences shape political landscapes. He advocates for a grand bargain in tax reform that could streamline the tax code by eliminating some benefits to reduce rates for everyone.

Adam Michel, director of tax policy studies at the Cato Institute, dives into the future of American taxation and its potential shift towards a European model. He argues that without significant reforms, Americans might face tax burdens averaging $12,000 higher than today. Michel critiques the misconception that taxing the wealthy can fix deficits, stressing that high government spending drives tax increases for everyone. He also contrasts policy proposals from Trump and Harris, shedding light on their implications for national debt and economic sustainability.