The Deduction

The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code. Listen to the leading tax podcast! Have a question for one of our experts, let us know here: https://taxfoundation.org/mailbag. Follow us on Twitter @deductionpod: https://twitter.com/deductionpod

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Episoder(122)

Breaking Down the Senior Deduction in the One, Big, Beautiful Bill

Breaking Down the Senior Deduction in the One, Big, Beautiful Bill

The House-passed reconciliation bill leaves out Trump’s promise to eliminate taxes on Social Security benefits, opting instead to expand the standard deduction for seniors. In this episode, Kyle Hule...

17 Jun 202517min

One, Big, Beautiful Bill: The Good, the Bad, and the Ugly

One, Big, Beautiful Bill: The Good, the Bad, and the Ugly

From generous tax breaks to costly trade-offs, the House GOP’s One, Big, Beautiful Bill has a little of everything. It’s a sweeping attempt to extend key provisions of the 2017 Tax Cuts and Jobs Act b...

2 Jun 202524min

Are Trump’s Tariffs Legal? Here’s What the Courts Say

Are Trump’s Tariffs Legal? Here’s What the Courts Say

It’s been a whirlwind 24 hours in tariff news: first, a trade court blocked Trump’s sweeping new tariffs, calling them executive overreach. Then, a federal appeals court reinstated them—at least for n...

29 Mai 20258min

The One Big Beautiful Bill, Explained

The One Big Beautiful Bill, Explained

We break down the House GOP’s One, Big, Beautiful Bill—a sweeping tax package designed to extend key parts of the 2017 Tax Cuts and Jobs Act before they expire in 2026. Kyle Hulehan is joined by Garet...

20 Mai 202517min

What Happens If Social Security Runs Out in 2035?

What Happens If Social Security Runs Out in 2035?

What happens when the country’s most important retirement program runs out of money? Social Security faces a funding crisis by 2035. We unpack how the system works, why it’s in trouble, and what fixes...

7 Mai 202539min

The Truth About Tariffs—Fact-Checking Trump’s Trade Claims

The Truth About Tariffs—Fact-Checking Trump’s Trade Claims

Do tariffs really level the playing field, or are they just bad economics? In this emergency episode, we fact-check the Trump administration’s claims that retaliatory tariffs make trade fairer. Kyle...

4 Apr 202523min

Understanding the 5 Most Critical Tax Issues in Today’s Debate

Understanding the 5 Most Critical Tax Issues in Today’s Debate

What are the biggest tax stories shaping policy today—and what do they mean for you? In our 100th episode, we break down the five biggest tax stories, from the global tax deal to the looming expiratio...

2 Apr 202548min

Understanding the Property Tax

Understanding the Property Tax

With property tax bills on the rise, homeowners are searching for answers—and some even want to abolish the tax altogether. In this episode, we break down why property taxes are increasing, discuss co...

5 Mar 202517min

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