Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
The Hidden Trillion-Dollar Cost of Retirement Tax Breaks
Over one point five trillion dollars in tax revenue will be lost over the next decade due to retirement account tax breaks. Lucas and Luna break down how 401(k) and IRA subsidies disproportionately benefit high earners, why economists call them upside-down subsidies, and why even the Congressional Budget Office is rethinking the price tag. This episode unpacks the fiscal policy of tax expenditures that most Americans never see as government spending.
#RetirementTaxBreaks #TaxExpenditures #401k #IRA #FiscalPolicy #GovernmentSpending #TaxPolicy #Subsidies #WealthInequality…
The skinny
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