Freakonomics Radio 626. Ten Myths About the U.S. Tax System
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Mar 14, 2025 
Jessica Riedl, a senior fellow at the Manhattan Institute, shares her expertise on U.S. tax policy and the national debt. She debunks ten pervasive myths about the tax system, revealing how political narratives often distort public perception. Riedl critiques both current and past administrations' fiscal policies, highlighting the miscalculations in tax rates and the ramifications of government spending. The discussion emphasizes the urgency for accurate information and reform, especially with rising national debt and upcoming elections on the horizon.
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Trump's Inflationary Policies
- Riedel criticizes Trump's economic policies as aggressively inflationary.
- She cites tax cuts, spending increases, tariffs, and immigration policies as contributing factors.
Tax Myths
- Riedel discusses the false narratives surrounding tax policy from both conservatives and liberals.
- She emphasizes the need for a more informed national debate on these issues.
Corporate Tax Rates
- The 2017 Trump tax cuts lowered the U.S. corporate tax rate significantly.
- The U.S. moved from the highest corporate tax rate to around 11th or 12th in the OECD.
