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How have the Trump tax cuts affected America’s economy, or do we even know yet? Have they stimulated investment as promised? More broadly, what solutions are at our disposal to fix the deficits these cuts have generated? What are we to make of proposals to repeal the Cadillac tax or index the capital gains tax to inflation? And which tax policies will the left and the right pursue next? On this episode, twice-returning guest Alan Viard of AEI joins me to explore these questions.
Alan Viard is a resident scholar here at AEI, where he researches federal tax and budget policy. He earned his PhD in economics from Harvard University, has worked as a senior economist at the Federal Reserve Bank of Dallas, and was a senior economist at the White House’s Council of Economic Advisers.
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S, I believe Uncle Sam gets around 17% to 22% of GDP through taxation now, since we ‘NEED’ to increase revenues, what percentage do you guys think is enough?