Paycheck Politics: What Presidential Tax Plans May Mean for Your Wallet

Explore how the 2024 presidential candidates' tax plans could impact your finances and what to know before voting. What tax proposals are the 2024 presidential candidates making, and how might these policies affect your finances? What should you know before voting on tax issues? Hosts Sean Pyles and Anna Helhoski discuss the key differences in the candidates' tax plans and how to make informed decisions to protect your financial future. They begin with a discussion of the importance of tax policy, how taxes fund government services, and the long-term effects of tax laws on your paycheck. Then, Anna talks to Amy Hanaeur, the executive director of the left-leaning Institute on Taxation and Economic Policy, to discuss the candidates' specific tax proposals. They discuss proposals to cut corporate taxes, extend expiring tax cuts, provide child tax credits, and eliminate taxes on Social Security benefits. In their conversation, the Nerds discuss: Trump tax proposals, Harris tax proposals, 2024 tax plans, presidential tax policies, tax policy comparison, how tax cuts affect the middle class, child tax credit, corporate tax cuts, small business tax credits, housing tax credits, personal finance and taxes, presidential election taxes, tax cuts for wealthy, understanding tax deductions, tax credits explained, government spending and taxes, tax policy and inequality, tax laws 2024, income tax changes, tax reforms 2024, tax policy for corporations, presidential candidates tax proposals, tax policy debate, tax reform proposals, and corporate tax rate. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com. Like what you hear? Please leave us a review and tell a friend.