The discussion of the looming expiration of the Trump tax cuts featured Rep. Suzan DelBene (D-Wash.) and a panel of tax experts from across the ideological spectrum.
The discussion of the looming expiration of the Trump tax cuts featured Rep. Suzan DelBene and a panel of tax experts from across the ideological spectrum.
POLITICO’s “Election 2024: The Future of Taxation” event on Wednesday featured DelBene and an editorial panel consisting of Dorothy Brown, the Martin D. Ginsburg Chair in Taxation at Georgetown in University Law Center; Tracy Gordon, Vice President of Taxation at the Urban Institute; and Stephen Moore, a senior visiting fellow of economics at the Heritage Foundation.
“This is now a divide in the conservative movement,” Moore said. “I think that they believe they can use big government to advance conservative causes.”Moore said he believes “Trumpism” is somewhere in between Reagan-era laissez-faire economics and the more populist policies advanced by traditional conservatives.
“We spend a trillion dollars a year addressing childhood poverty,” DelBene said. “The investments we can make in things like the expanded Child Tax Credit actually not only lift up families, but they save us money too.” “The question would be: if had the ability to write a bill, or to direct a bill, what would that look like? That we really haven’t seen,” Brown said.Business trade associations have historically been dominant in tax lobbying on the Hill, but progressive think tanks and advocacy groups are preparing to put up a good fight in the tax debate of 2025.
Gordon said that data on GDP, employment compensation and investment through 2019 does not support Moore’s claim.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Violent weekend in Columbus leaves total of five dead, five injuredLocal activists say it's concerning, but they aren't discouraged about their mission to curb violence.
Read more »
Eagles’ 2024 schedule features five early road games, and five matchups in prime timeThe Eagles are hitting the road early and often this season.
Read more »
Eagles’ 2024 schedule features five early road games, and five matchups in prime timeThe Eagles will have 10 days to recover from their opener in Brazil and play at home against the Falcons in Week 2 on 'Monday Night Football,' with a familiar face on hand.
Read more »
Unraveling life's origin: Five key breakthroughs from the past five yearsThere is still so much we don't understand about the origin of life on Earth.
Read more »
UK election: Five reasons why markets seem relaxedUK Prime Minister Rishi Sunak has launched a high-stakes gamble to hold onto power.
Read more »
Election results: Top takeaways from Tuesday’s contests in five statesVoters cast ballots in Kentucky, Georgia, Oregon, Idaho, and California.
Read more »