Ana Kasparian's EPIC RANT On Taxes and Spending!

Today, I respond to Ana Kasparian's epic rant about federal taxes and spending. I explain the tax cut that Ana is talking about, and then I describe the break-down of federal spending.

Sources:

The Young Turks, “LEAKED Video Shows Trump Making HUGE Promise to Ultra-Rich Donors” — https://www.youtube.com/watch?v=xqqkyY4bbCA

The Young Turks, “Ana RAGES About The Current State of Government” — https://www.youtube.com/watch?v=dss7VI15cxs

Center on Budget and Policy Priorities, “The Pass-Through Deduction Is Tilted Heavily to the Wealthy, Is Costly, and Should Expire as Scheduled” — https://www.cbpp.org/research/federal-tax/the-pass-through-deduction-is-tilted-heavily-to-the-wealthy-is-costly-and#_ftn2

Congressional Budget Office, “Budgetary Outcomes Under Alternative Assumptions About Spending and Revenues” — https://www.cbo.gov/publication/59154?utm_source=feedblitz&utm_medium=FeedBlitzEmail&utm_content=855024&utm_campaign=Once%20a%20day_2023-05-17_01:30:00&utm_medium=FeedBlitzEmail&utm_content=855024&utm_campaign=Once%20a%20day_2023-05-17_01:30:00

Congressional Budget Office, “The Federal Budget in Fiscal Year 2023: An Infographic” — https://www.cbo.gov/publication/59727

Joint Committee on Taxation, “Present Law and Background Regarding the Federal Income Taxation of Small Businesses,” JCX-10-23, June 5, 2023 — https://www.jct.gov/publications/2023/jcx-10-23/

National Bureau of Economic Research, “HOW DO BUSINESS OWNERS RESPOND TO A TAX CUT? EXAMINING THE 199A DEDUCTION FOR PASS-THROUGH FIRMS” — https://www.nber.org/system/files/working_papers/w28680/w28680.pdf

The Tax Adviser, “Understanding the new Sec. 199A business income deduction” — https://www.thetaxadviser.com/issues/2018/apr/understanding-sec-199A-business-income-deduction.html