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What are the ways in which public finance — the study of government taxing and spending — can and should address issues related to the inequitable racial impacts of government policy? This week on EconoFact Chats Bill Gale of the Brookings Institution discusses recognizing and analyzing racial disparities fostered by public policy and how public finance policies can better address past injustices.

Bill is the Arjay and Frances Miller Chair in Federal Economic Policy and Senior Fellow in the Economic Studies Program at the Brookings Institution. He served as president of the National Tax Association from 2019 to 2020.

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