Tax, law, policy, budget, economy. US & NZ.
Former Senior Director for Economic Policy @centeronbudget.bsky.social.
Many of its tax cuts are complicated and wasteful tax breaks that dole out favors to specific industries and activities with little or no good policy reason.
> IRS criminal investigations partnering with ICE
> what the 25% staffing cut means for tax refunds
> what has happened to IRS high-wealth audits
> Palantir's new contracts & your data privacy
> IRS criminal investigations partnering with ICE
> what the 25% staffing cut means for tax refunds
> what has happened to IRS high-wealth audits
> Palantir's new contracts & your data privacy
Kelsey Merrick argues Congress intentionally ended tariffs as a major revenue source decades ago and never delegated that choice to the President.
www.justsecurity.org/123833/tarif...
Kelsey Merrick argues Congress intentionally ended tariffs as a major revenue source decades ago and never delegated that choice to the President.
www.justsecurity.org/123833/tarif...
Kelsey Merrick argues Congress intentionally ended tariffs as a major revenue source decades ago and never delegated that choice to the President.
www.justsecurity.org/123833/tarif...
Kelsey Merrick argues Congress intentionally ended tariffs as a major revenue source decades ago and never delegated that choice to the President.
www.justsecurity.org/123833/tarif...
I look at why U.S. taxes are so complicated for @marketplace.org with @dashching.bsky.social & Larry Zelenak @dukelaw.bsky.social
www.marketplace.org/story/2025/1...
I look at why U.S. taxes are so complicated for @marketplace.org with @dashching.bsky.social & Larry Zelenak @dukelaw.bsky.social
www.marketplace.org/story/2025/1...
Unprecedented, dangerous turnover at IRS: Of 31 top positions, 15 have turned over since January, 2 have been placed on leave, 2 are vacant and 3 are slated for elimination.
www.brookings.edu/articles/the...
Unprecedented, dangerous turnover at IRS: Of 31 top positions, 15 have turned over since January, 2 have been placed on leave, 2 are vacant and 3 are slated for elimination.
www.brookings.edu/articles/the...
Tax cuts of around $500B for households in the bottom 60%--the very folks who also face the brunt of cuts to Medicaid and SNAP.
Tax cuts of around $500B for households in the bottom 60%--the very folks who also face the brunt of cuts to Medicaid and SNAP.
www.wired.com/story/doge-d...
www.wired.com/story/doge-d...
ProPublica has obtained the blueprint for the Trump administration’s unprecedented plan to turn over IRS records to Homeland Security in order to speed up the agency’s mass deportation efforts.
Trump Admin claimed "nearly 90% of Social Security beneficiaries will no longer pay fed income taxes on their bens"
50.9% of filers w/SS bens paid the tax before
47.3% now
Only 3.6% no longer pay
taxpolicycenter.org/taxvox/corre...
Trump Admin claimed "nearly 90% of Social Security beneficiaries will no longer pay fed income taxes on their bens"
50.9% of filers w/SS bens paid the tax before
47.3% now
Only 3.6% no longer pay
taxpolicycenter.org/taxvox/corre...
Just the tip of one of two big icebergs of tax cuts for special interests coming for the tax system. www.washingtonpost.com/business/202...
Just the tip of one of two big icebergs of tax cuts for special interests coming for the tax system. www.washingtonpost.com/business/202...
Many of its tax cuts are complicated and wasteful tax breaks that dole out favors to specific industries and activities with little or no good policy reason.
www.taxnotes.com/featured-ana...
www.taxnotes.com/featured-ana...
Many of its tax cuts are complicated and wasteful tax breaks that dole out favors to specific industries and activities with little or no good policy reason.
Many of its tax cuts are complicated and wasteful tax breaks that dole out favors to specific industries and activities with little or no good policy reason.
Lawmakers are realizing “surprises,” “airdrops” &“mysteries” are buried in the bill.
Time to take a beat: seems more important to know what's in a ~$5T bill than meet a fake deadline! Things worth $10s/100s of billions & people’s livelihoods & health aren’t “minutiae.”
Lawmakers are realizing “surprises,” “airdrops” &“mysteries” are buried in the bill.
Time to take a beat: seems more important to know what's in a ~$5T bill than meet a fake deadline! Things worth $10s/100s of billions & people’s livelihoods & health aren’t “minutiae.”
Article highlighting a tax break for the wealthy shoved into the tax bill the Senate is considering: turbo-charging a loophole-ridden tax break for venture capitalists and other well-off investors.
www.bloomberg.com/news/article... (Paywall via @bloomberglaw.com @bloombergtax.com)
Article highlighting a tax break for the wealthy shoved into the tax bill the Senate is considering: turbo-charging a loophole-ridden tax break for venture capitalists and other well-off investors.
www.bloomberg.com/news/article... (Paywall via @bloomberglaw.com @bloombergtax.com)
@centeronbudget.bsky.social
How many GOP Senators who will vote for it think this is a good idea?
www.cbpp.org/press/statem...
1) tax benefits for spaceports (who asked for this?)
2) tax credits for coal (including exports)
1) tax benefits for spaceports (who asked for this?)
2) tax credits for coal (including exports)
The SALT “deal” in the latest Senate bill is a nonsensical approach to tax policy. It preserves (and lessens) a limit on deductions for wealthy taxpayers while ignoring a loophole that allows the wealthiest of those taxpayers to avoid the limit entirely.
The SALT “deal” in the latest Senate bill is a nonsensical approach to tax policy. It preserves (and lessens) a limit on deductions for wealthy taxpayers while ignoring a loophole that allows the wealthiest of those taxpayers to avoid the limit entirely.
GOP Senators say they're trying to scale back the SALT cap relief in the House bill. But could the approach to SALT in the Senate bill actually end up *more* generous & costly overall than the House bill? Do Senators – or does anyone – even know, despite the intense political focus on SALT?