Grading Progress of Racial Equity in the US Tax Code
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Description
The US tax code doesn't take race into consideration, but should it? In this episode of Talking Tax, Georgetown Law professor Dorothy Brown argues the case for why the Treasury Department and the Internal Revenue Service should make race a factor in tax policy. Brown, author of the 2021 book, "Whiteness of Wealth: How the Tax System Impoverishes Black Americans—and How We Can Fix it," sits down with Bloomberg Tax editor Yuri Nagano. Brown discusses how her book inspired a recent Stanford University study showing Black taxpayers are audited at higher rates, a topic at a Senate Finance Committee hearing on the nomination of now-confirmed IRS Commissioner Danny Werfel. She also touches on how Treasury's Greenbook of 2024 revenue proposals doesn't reflect data from the department's January report on tax impact by race and ethnicity, and grades efforts by the Biden administration, Treasury and IRS on their progress. Brown is a member of the recently formed Treasury Advisory Committee on Racial Equity. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.
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