Jeff and Scott discussed a new tax proposal with Natasha Sarin, an economist and lawyer at Yale Law School and Yale School of Management. Natasha, in collaboration with Kim Clausing, developed a plan aimed at increasing tax revenue. This plan also anticipaties several tax provisions expiring in 2025.
The proposal, "The Coming Fiscal Cliff: A Blueprint for Tax Reform in 2025," includes the following proposals, among others:
- Raising the corporate tax rate.
- Overhauling the current international tax system.
- Introducing a carbon tax.
- Securing permanent funding for the IRS.
- Implementing a financial transactions tax.
- Expanding the Child Tax Credit and the Earned Income Tax Credit.
Overall, these measures aim to generate an additional 3.5 trillion in revenue, over the current baseline of projected revenue
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