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The Dispatch Podcast

Can the U.S. Tax Code Be Simplified?

The Dispatch Podcast

The Dispatch

News, Politics

4.6 • 3.3K Ratings

🗓️ 17 April 2026

⏱️ 68 minutes

🧾️ Download transcript

Summary

Steve Hayes is joined by Mike Warren, Scott Lincicome, and Megan McArdle to discuss our overly complicated tax code and our launch of Dispatch Markets, featuring Scott's latest newsletter. Steve, Megan, and Mike then discuss New York City Mayor Zohran Mamdani's pied-à-terre tax and how the democratic socialist mayor has governed so far.The Agenda:—Donald Rumsfeld's tax letter—The cost of tax compliance—Political will for tax reform—Personal vs. corporate tax complexity—Mamdani's pied-à-terre tax—Economic policy in New York—NWYT: J.D. Vance's small crowdDispatch Recommendations:—Trump Retribution Campaign Threatens to Unravel Indiana GOP—Is Private Credit in Trouble?—The Decline and Fall of Orbánism Show notes: —Megan's podcast Reasonably Optimistic⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Dispatch podcast. I'm Steve Hayes, and I want to start today with some very exciting news.

0:13.2

We at the dispatch are very pleased to announce the launch of dispatch markets in partnership with the U.S.

0:19.1

Chamber of Commerce. This project will explore U.S.

0:21.9

capitalism and economic policy at a time when free enterprise is no longer the assumption

0:27.2

and the backdrop. It's increasingly the argument, front and center, and often under attack

0:33.1

from both the progressive left and the populist right. Expect topics to range from how the Trump administration's tariffs

0:40.8

are rippling through the economy

0:42.2

to the challenges facing the Federal Reserve system,

0:45.2

from AI and the future of work to tax policy.

0:49.2

The authors will bring the intellectual honesty,

0:51.5

respect for economic realities,

0:53.2

and a willingness to grapple with

0:54.4

tradeoffs that we hope have become a hallmark of the dispatch. The roster is impressive and we're

1:00.4

very excited about it. Contributors will include Scott Linsicum, Vice President of Economics at the

1:05.4

Cato Institute, lecturer at Duke University Law School, and author of the Capitalism Newsletter

1:10.7

here at the

1:11.4

dispatch since 2020.

1:13.4

Megan McCartle, a dispatch contributor and Washington Post columnist, host of the reasonably

1:18.2

optimistic podcast, and author of The Upside of Down.

1:22.8

Carl Smith, a senior fellow at the Center for Strategic and International Studies and former

1:27.0

Bloomberg columnist, a longtime vice president at the Center for Strategic and International Studies and former Bloomberg columnist,

1:28.3

a longtime vice president at the Tax Foundation.

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