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The Deduction Podcast

Welcome to The Deduction, a Tax Foundation podcast and your guide to the complicated world of tax and economics.

From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code.

 

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Excise Taxes, 2021 Excise Tax Rates and 2021 Excise Tax Trends

The World of Excise Taxation

Marijuana, betting, soda, ride-sharing—over the last decade, the excise tax family has grown significantly and it’s more crucial than ever that lawmakers, businesses, and consumers understand the possibilities and, more importantly, limitations of excise tax application.

R&D tax credit, Research and development tax credit, R&D amortization, federal research and development tax treatment, Reviewing the Federal Tax Treatment of Research & Development Expenses

How Should R&D Be Taxed?

R&D is more important than ever as pharmaceutical companies and governments around the world invest in coronavirus research and supply chains. But are the policies currently on the books—the R&D credit and immediate deduction for R&D expenses—the best way to encourage innovation?

What are tariffs? who bears the burden of tariffs?

Understanding Tariffs

Depending on your perspective, tariffs are either a great way to tax countries like China for their protectionist trade policies or they are a big reason why all those imported toys, clothing and holiday gifts cost more than you expected. You’ll learn what tariffs are, how they function, and how they can impact the domestic U.S. economy.

us capitol taxes budget deficit federal

Congressional Budget Reconciliation

Rohit Kumar, principal and leader of PwC’s Washington National Tax Services Tax Policy Services group in Washington, D.C., joins Tax Foundation President Scott Hodge to discuss the congressional budget reconciliation process: what it is, how it works, and the role that politics will play in it for the 117th Congress as well as President Biden’s policy agenda.

Digital tax debate, Digital taxes around the world, Digital economy taxes

Digital Services Taxes

Over the last several years, policymakers in countries around the world have groped for new ways to tax e-commerce, social media, cloud-based, and other online businesses, in some cases stoking major international trade disputes in the process. In this episode of The Deduction, we explore the “digital services tax” (DST), one new and increasingly popular policy designed to address the digital economy.

utpr pillar two us tax base oecd global minimum tax ways and means jason smith

Corporate Tax Rates Around the World

What is driving the downward trend in corporate tax rates and will it continue? Is it truly a race to the bottom? Why do corporate tax rates matter in the first place? How does the U.S. rate compare and could that change in the coming years?

entrepreneur talk tax challenges, entrepreneurs and tax barrier to entrepreneurship

Taxing Times: One Virginia Brewer's Experience During COVID-19

We sat down with the owners of Black Narrows Brewing Company, a family-owned craft brewery situated in a small island-town on Virginia’s scenic Eastern Shore, to discuss the challenges they face as a small business during COVID-19 and what they would like to see legislators do to reduce short- and long-term barriers for entrepreneurs.

Bipartisan tax policy roots

The Future of Tax Policy with Douglas Holtz-Eakin

What do election results mean for the future of the federal tax code? What role will tax policy play in curbing the economic effects of the COVID-19 pandemic? How should policymakers address the federal deficit and could a carbon tax be part of that solution? How much of President-elect Joe Biden’s pre-election tax plan will actually come to pass?

taxes on the ballot state tax ballot measures election results state taxes ballot state tax policy at the ballot

2020 State Tax Ballot Initiatives and the Future of State Tax Policy

They may not draw as much attention as elections for office, but Election Day 2020 will also feature a number of important votes on tax-related ballot initiatives in states around the country. What are the ballot measures taxpayers should be paying attention to this year and what could they mean for the future of state tax policy? Tax Foundation Vice President of State Projects Jared Walczak and Senior Policy Analyst Katherine Loughead break down measures ranging from recreational marijuana legalization in New Jersey and Montana to income tax increases in Illinois and Arizona.

Biden capital gains tax rate proposal historical context of capital gains tax proposal under Biden tax plan

Joe Biden’s Tax Plan Explained

Depending on the outcome of the 2020 presidential election, we could be looking at a very different tax code in the years to come. What tax changes has former Vice President Joe Biden proposed and what would they mean for U.S. taxpayers, businesses, and the overall economy?