Tax and Budget Showdown 2025 with Erica York

This week we cover new climate disclosure rules for public companies, the case against price controls on credit card networks, and why tariffs can’t pay for tax cuts. Our interview is with Erica York of the Tax Foundation. We talk about the big fight over tax cuts and the federal budget brewing in the new 119th Congress. We ask: Will the temporary provisions of the Tax Cuts and Jobs Act be extended? What about eliminating taxes on tips and Social Security income? Will Republican tax cutplans expand the deficit? And can Elon Musk really cut $2 trillion from the federal budget in one year?

Free the Economy is hosted and produced by Richard Morrison. Our co-producer is Destry Edwards, and the show is edited by Bilander Media. Keep up with new episodes by following us on Twitter at @freethe_economy and read our episode summaries, with links to the stories we cover, at cei.org/blog.