, “rule nearly every aspect of our daily lives.” In the course of 335 pages, Hodge backs up that statement, showing how the tax code can explain everything from the size and shape of buildings to why songwriters all suddenly started selling their catalogs to corporations.
President Joe Biden has, of course, made our tax code much worse by riddling it with hundreds of new credits and loopholes that not only make the tax code far more complex, but also channel money to unproductive investments while also enriching the wealthiest among us. Hodge also missteps when attacking the child tax credit, a policy he used to support. Hodge now complains that the CTC is not targeted narrowly enough to low-income families, is prone to abuse, has little impact on economic growth, and encourages people to leave the workforce, thus shrinking the economy.