In The Tank (ep104) – Trump's Tax Reform Plan, Accusations of Price Gouging, and Stadium Subsidies
In John's absence, Donny Kendal is joined by Research Fellow for Budget and Tax, Jesse Hathaway, in episode #104 of the In The Tank Podcast.
In John's absence, Donny Kendal is joined by Research Fellow for Budget and Tax, Jesse Hathaway, in episode #104 of the In The Tank Podcast. This weekly podcast features (as always) interviews, debates, and roundtable discussions that explore the work of think tanks across the country. The show is available for download as part of the Heartland Daily Podcast every Friday.
Since Jesse is co-hosting in this episode, he and Donny decided to talk about three budget and tax related stories.
First they discuss Trump's newest push for tax reform. During this conversation, Jesse and Donny talk about what this would mean for the middle class and how corporate income tax reductions would greatly help the American economy. Donny references a fact sheet found on Whitehouse.gov.
Next they talk about a new proposal out of Chicago that would limit the price increases that occur for services like Uber and Lyft during emergencies. This new proposal would cap these price increases to 150%. While it sounds like this is in the consumers best interest, Donny and Jesse talk about how this departure from the laws of supply and demand will only hurt consumers. They then make the connection to the situation in Houston where there have been accusations of price gouging during the state of emergency.
Lastly, they talk about stadium subsidies. Jesse, who writes about this topic often, explains why these plans fail and why they are simultaneously so appealing to the general public.