Chris Edwards Director of Tax Policy Studies at the Cato Institute

Chris Edwards is the Director of Tax Policy Studies at the libertarian Cato Institute. Two main topics with Chris today: The Biden administration proposes "paying for" a chunk of it's insane Build Back Better plan by giving $80 billion to the IRS to increase tax enforcement. The CBO has already said that it won't work nearly to the degree that Democrats believe but there's another question: what are the hidden costs (not just financial, but also in terms of civil liberties) of highly aggressive tax enforcement, especially of stupid tax laws like FACTA? And second: as part of that same BBB plan, Dems are looking to give a big tax cut to upper-income people in high-tax states. Bernie Sanders is pushing back, in one of the only times I've ever agreed with him. We'll get Chris's thoughts on that too.