Explain It to Me19 Nov 2021

Taxing Back Better

Dylan talks to Chye-Ching Huang, the executive director of the Tax Law Center at NYU Law, about the many, many, many tax provisions in Democrats’ Build Back Better package. First they dive into the new tax benefits in the bill, from the expanded child tax credit to the $7,500 credit for electric cars. Then they talk about how the bill raises money through taxes, especially through higher taxes on high-income people and corporations. Then they talk about the future of taxes, like what will happen when most of the Trump tax cuts expire at the end of 2025. References: A breakdown of the components of the House Build Back Better bill Whose taxes Build Back Better would raise and cut Huang’s testimony to Congress on Build Back Better UChicago and Columbia researchers on the Child Tax Credit and employment The health care tax credit provisions of Build Back Better, explained The clean energy tax credits would help cut emissions by 40-50 percent The bill’s minimum corporate tax plan and millionaire surtax, explained How rebuilding the IRS would boost tax compliance Host: Dylan Matthews (@dylanmatt), senior correspondent, Vox Credits: Sofi LaLonde, producer & engineer Libby Nelson, editorial adviser Amber Hall, deputy editorial director of talk podcasts Sign up for The Weeds newsletter each Friday: vox.com/weedsletter Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

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