Transcript: The State of the U.S. Economy

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The transcript is a discussion between Catherine Rampell, Natasha Sarin, and Larry Summers about the state of the U.S. economy and tax policy. Natasha Sarin recently launched The Budget Lab at Yale Law School, aiming to develop a more holistic analysis of the costs and benefits of different policy changes. Larry Summers supports the $80 billion investment in the Internal Revenue Service (IRS) to improve tax collection and enforcement. They discuss the need for tax policy to reduce wealth inequality, the expiration of the Trump era tax cuts, and the importance of raising taxes to address the fiscal situation of the country. They also mention the potential role of the IRS in facilitating Americans' ability to file taxes and the need for the IRS to focus on collecting taxes owed and providing service to taxpayers. They express concerns about the decrease in IRS investments and the potential impact on equity and services.

#UsEconomy #TaxPolicy #Irs #WealthInequality

https://www.washingtonpost.com/washington-post-live/2024/04/16/transcript-state-us-economy/