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How Repealing Energy Subsidies Could Cement Pro-Growth Tax Cuts in Reconciliation

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Manage episode 479036951 series 1321113
Content provided by Caleb Brown and Cato Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Caleb Brown and Cato Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

When Congress passed the Inflation Reduction Act (IRA), it was told the new energy tax credits would cost about $270 billion over a decade. Revised official estimates put the cost at multiple times that amount. But congressional scorekeepers may still be getting the long-term cost of the IRA energy subsidies wrong. Recent Cato research quantifies the IRA’s fiscal time bomb, showing how its unchecked expansion of government spending with no clear end date could cost almost $5 trillion by 2050.


Join us for lunch and learn how the IRA’s calamitous environmental and fiscal effects present a rare opportunity for Congress to use these partisan subsidies to fund permanent, pro-growth tax reform in the upcoming reconciliation package.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

2339 episodes

Artwork
iconShare
 
Manage episode 479036951 series 1321113
Content provided by Caleb Brown and Cato Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Caleb Brown and Cato Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

When Congress passed the Inflation Reduction Act (IRA), it was told the new energy tax credits would cost about $270 billion over a decade. Revised official estimates put the cost at multiple times that amount. But congressional scorekeepers may still be getting the long-term cost of the IRA energy subsidies wrong. Recent Cato research quantifies the IRA’s fiscal time bomb, showing how its unchecked expansion of government spending with no clear end date could cost almost $5 trillion by 2050.


Join us for lunch and learn how the IRA’s calamitous environmental and fiscal effects present a rare opportunity for Congress to use these partisan subsidies to fund permanent, pro-growth tax reform in the upcoming reconciliation package.


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

2339 episodes

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