STAFF TAKEOVER: Gavin Newsom's "Toddler Tax," Trump Accounts & Capital Gains Reform
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STAFF TAKEOVER: Gavin Newsom's "Toddler Tax," Trump Accounts & Capital Gains Reform
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Gavin Newsom's administration is targeting "Trump Accounts," tax free savings accounts designed to help families invest in their children's future. Critics are calling the move California's "Toddler Tax."
In this special staff takeover episode of the Leave Us Alone podcast, the ATR team breaks down:
• Why California wants to tax contributions to Trump Accounts
• How these accounts help families build long term savings
• Why blue states are resisting pro growth tax reforms
• The latest push to index capital gains for inflation
• Major Senate race developments and what they mean for tax policy
The bigger question is simple. Should families be encouraged to save and invest, or should government claim a bigger share of their income?
Listen to the full Leave Us Alone episode to hear the complete discussion.