Chris Edwards Director of Tax Policy Studies at the Cato Institute

Panel Recommends Major Tax Law Changes

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Chris Edwards is the Director of Tax Policy Studies at the libertarian Cato Institute. Two main topics with Chris today: The Biden administration proposes "paying for" a chunk of it's insane Build Back Better plan by giving $80 billion to the IRS to increase tax enforcement. The CBO has already said that it won't work nearly to the degree that Democrats believe but there's another question: what are the hidden costs (not just financial, but also in terms of civil liberties) of highly aggressive tax enforcement, especially of stupid tax laws like FACTA? And second: as part of that same BBB plan, Dems are looking to give a big tax cut to upper-income people in high-tax states. Bernie Sanders is pushing back, in one of the only times I've ever agreed with him. We'll get Chris's thoughts on that too.


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