@MrMarket: JD Vance imagining a progressive tax code to encourage the childless to parenthood. Veronique DeRugy, Mercatus Center.
The John Batchelor Show
John Batchelor
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🗓️ 2 August 2024
⏱️ 9 minutes
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Summary
@MrMarket: JD Vance imagining a progressive tax code to encourage the childless to parenthood. Veronique DeRugy, Mercatus Center.
https://www.creators.com/read/veronique-de-rugy/08/24/jd-vance-and-the-bipartisan-itch-to-tax-behavior
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| 0:00.0 | This is CBS I on the world with John Bachelor. |
| 0:07.0 | Here's John Bachelor. |
| 0:14.0 | Senator Jenny V of Ohio. |
| 0:16.7 | Remarks made some time ago about a tax code that is unfair, |
| 0:24.0 | directed at, hostile to, suspicious of, |
| 0:29.0 | people without children, odd. |
| 0:31.0 | So I welcome Verenique to Regi to help me understand this. People without |
| 0:36.1 | children do not have to pay for health care for the children, education for the children, bicycles for the children, |
| 0:45.2 | car insurance costs extra when you have somebody under a certain age |
| 0:48.9 | driving your vehicle. |
| 0:50.6 | I could go on, it's expensive children and very good evening to you what is the |
| 0:56.7 | benign version about Senator Benson's remarks about punishing people with the |
| 1:01.5 | tax code who do not have children. |
| 1:03.5 | Good evening to you. |
| 1:05.5 | Good evening. |
| 1:07.5 | Well, so when Senator Vance said this, |
| 1:11.0 | I assume he was talking about our demographic needs. I mean fertility rates are down in the |
| 1:18.8 | U.S. and that is a source of concerns for sure and I assume this is part of what he was having in mind |
| 1:25.6 | trying to incentivize people to have kids by penalizing them through the tax code. |
| 1:30.4 | The reality is that these type of things don't work. In fact, our tax code |
| 1:34.1 | penalizes people who do not have children. We have the Earned Income Tax Credit, |
| 1:39.2 | which is more generous for parents, for people with kids and with those without kids. |
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