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Why Is This Happening? The Chris Hayes Podcast

The Stakes of Tax Policy with Kimberly Clausing

Why Is This Happening? The Chris Hayes Podcast

NBCNews

News, Nbcnews, Why Is This Happening?, The Chris Hayes Podcast, Chris Hayes, Politics, Government, Society & Culture, Msnbc, Withpod

4.68.9K Ratings

🗓️ 16 April 2024

⏱️ 39 minutes

🧾️ Download transcript

Summary

We’re thrilled to share the second episode in our WITHpod 2024: The Stakes series, in which we choose specific areas of policy and talk to an expert about Trump and Biden’s records on the topic. This week, we discuss the candidates’ stances and records on one of the most important and contested topics: tax policy. Kimberly Clausing is the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. Before that, she was the deputy assistant secretary for tax analysis in the U.S. Department of the Treasury. Clausing also served as the lead economist in the Office of Tax Policy during the first part of the Biden Administration. She joins WITHpod to discuss Trump vs. Biden tax and economic policy, notable changes in IRS funding, who is most affected by recent major tax legislation and more.

Transcript

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0:00.0

The Trump administration continued sort of a longstanding lack of interest in adequately funding the IRS and the tax

0:17.0

service in general. When we entered the Treasury Building on the first days of the

0:22.1

Biden administration, you know, we were coming off a long

0:26.1

period of underfunding for the IRS and that translates in the American experience into a lot of bad things.

0:35.0

Hello and welcome to Why is this happening with me your host Chris Hayes. Well, we are here for another edition of this year's special campaign franchise for With Pod, With Pod 2024, The Stakes,

0:57.4

in which we take a look at the policy records as president of each of the two major party nominees this year for the

1:05.2

first time since 1892 we have two men running against each other who both

1:08.7

served as president which means they both have records on policy issues.

1:12.6

You don't have to just listen to the campaign rhetoric.

1:15.5

You can actually look at what they've done.

1:17.2

And today, we're going to talk about one of the most important things

1:20.1

that the government does, one of the most contested sites of distribution,

1:24.5

redistribution, one of the materially most important areas of policy, and that is

1:29.7

tax policy. I think it's fair to say that both of these men have very different views of

1:36.7

taxes and what taxes are for but we can compare what they actually did and

1:42.3

today I thought it'd be a good idea to talk to someone who's an expert in this.

1:45.0

Kimberly Clauseing is the Eric M. Zelt chair in tax law and policy at the UCLA school law and

1:50.9

she actually served in government. She was the Deputy Assistant Secretary for Tax Analysis

1:55.2

in the U.S. Department of the Treasury,

1:56.8

served as the lead economist in the Office of Tax Policy

2:00.0

during the first part of the Biden administration.

2:03.2

Kimberly, welcome to the program.

...

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