Corey Husak
@chusak.bsky.social
460 followers 110 following 45 posts
Tax and Labor Policy analysis. Currently Director at ‪@americanprogress.bsky.social‬
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Reposted by Corey Husak
chusak.bsky.social
We do 2027 and 2029 because many parts of the OBBBA are temporary or phase in slowly. This gives a view of the law's effects before and after their temporary tax cuts for tips/overtime etc expire, and as Medicaid cuts grow.

In 2029 everyone is in the negative
chusak.bsky.social
Policy changes enacted since the start of the year (One Big Bill and tariffs) will hurt Americans' 2027 incomes on average at every income level by about -$1,500

Except the top 1%. They can expect a +$5,000 income bump
americanprogressaction.org
Donald Trump doesn't care about the working class—he is laser-focused on making the 1% richer at our expense.
A graphic with a dark background. The title at the top says, "Only the top 1% of families will see an increase in income under Trump's policies." A bar chart titled "INCOME CHANGE AS A RESULT OF NEW TRUMP POLICIES (2027)" shows the percentage change in income for different quintiles and the top 1%. Red bars show negative income changes for the Bottom 20% (-3.5%), Second 20% (-1.6%), Middle 20% (-1.1%), Fourth 20% (-1.2%), 80%-90% (-0.7%), and 90%-99% (-0.2%). A small yellow bar shows a positive income change for the "Top 1%" (+0.5%), with an annotation above it of "+$5,000." A photo of Donald Trump is in the bottom right corner with the text, "He broke his promise to you so he could give more money to millionaires." Source information is included at the bottom left.
Reposted by Corey Husak
christianrincon.com
shoutout to my colleague @chusak.bsky.social for this analysis
chusak.bsky.social
Do they not have free speech rights?
washingtonpost.com
The Trump administration has fired at least seven Environmental Protection Agency employees for signing a letter nearly two months ago criticizing the agency’s leadership, according to union officials.
Trump officials fire EPA employees for signing dissent letter
The move to terminate the staffers marks an escalation in the Trump administration’s effort to clamp down on dissent within the federal bureaucracy.
wapo.st
Reposted by Corey Husak
jwmason.bsky.social
This to me is the defining quality of the rule of law: If an official gives an illegal order, then people do not follow it. The Fed is in a stronger position to uphold this principle than a lot of other institutions.
nathantankus.bsky.social
This is the make or break moment for Powell's @federalreserve.gov. If they do not defend Lisa Cook and treat her as still on the Board, the fight over the Fed as an independent agency will officially be over. see my Friday piece.

www.crisesnotes.com/trump-vs-pow...
Reposted by Corey Husak
arindube.bsky.social
This action by Lisa Cook is courageous, principled, and deserves broad support.
bencasselman.bsky.social
Just received this statement from Lisa Cook:
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
bencasselman.bsky.social
President Trump said he is firing Lisa Cook, a Federal Reserve governor, "effective immediately." It's his most direct assault yet on Fed independence -- and a step that it is far from clear he can legally take.
www.nytimes.com/2025/08/25/u... #EconSky
chusak.bsky.social
Lisa Cook is absolutely right to ignore Trump's lawless, illegal attempt to fire her.

The Fed must always remain independent.
kyledcheney.bsky.social
UPDATE: Lisa Cook says she's not going anywhere and Trump's bid to fire her is baseless. www.politico.com/news/2025/08...
chusak.bsky.social
One thing leftists seem to believe is that Democrats can run against, achieve power, and use power to go to war with the most powerful institutions in society:
- police
- military
- courts
- billionaires
- corporate power structure
- social conservatism

You actually need some (2?3?) on your side.
goldwagnathan.bsky.social
If, four years from now, Democratic voters view the military negatively or skeptically, this will be treated as a problem that is incumbent *for the Democratic party to solve*, not as a failure by the DoD leadership or something that requires policy shifts to ameliorate.
sodrock.bsky.social
This might be true but as @mikeblack114.bsky.social pointed out, its been several generations since the military was viewed very negatively/skeptically even tho that has usually been the default throughout American history like I think some GOFO’s can’t envision a situation where they’re pariahs
Reposted by Corey Husak
kennedyandara.bsky.social
A jobs day to remember! Check out my latest video for the full story on what happened on Friday and what this means for our economy
americanprogress.bsky.social
Last week's jobs day report revealed that the Trump administration's economic policies are seriously harming the economy. So, what did President Trump do? He fired the messenger. CAP's @kennedyandara.bsky.social explains the full story:
Reposted by Corey Husak
jamellebouie.net
the voting rights act is, in its entirety, obviously constitutional under the 15th amendment, which gives congress broad and proactive authority to stop racial discrimination in voting. and you know it is obviously constitutional because roberts has had to invent entire new doctrines to gut it.
rickhasen.bsky.social
The Supreme Court knocked down one of the two pillars of the Voting Rights Act in 2013 in the Shelby County case. It has now gone out of its way to consider whether it should knock down the other, by rescheduling arguments in a case it could have resolved in June under existing precedent.
rickhasen.bsky.social
****Breaking:**** Supreme Court, in Order Asking for Additional Briefing in Louisiana Voting Case, Appears to Put the Constitutionality of Section 2 of the Voting Rights Act into Question electionlawblog.org?p=151301
chusak.bsky.social
Healthcare, the one industry still doing major hiring, is in for big federal cuts.

First, NIH and NSF cuts this year. Next, ACA subsidy cuts starting next year. Then, Medicaid cuts starting in the coming years.

How long do they keep hiring for?
Reposted by Corey Husak
americanprogress.bsky.social
Despite appearances, the OBBBA's "no tax on tips" provision will only benefit a small number of workers, and many of them will suffer more from the law's severe program cuts. Learn more: www.americanprogress.org/article/desp...
Illustrated infographic showing three profiles of illustrative tipped workers Jack, Marian, and Peggy. Title text says, 'Cuts to health care and food assistance matter more to tipped workers than "no tax on tips".' Subheader text shows, "Effects of selected policy changes on illustrative tipped workers, 2026."
chusak.bsky.social
Finally, “No Tax on Tips” will be difficult to access.

Its a tax deduction (not a credit, not a min. wage) with many restrictions. i.e. 1/3 of all tipped workers don’t have a tax liability to deduct from.

Business tax breaks in the bill don’t have similar restrictions…
chusak.bsky.social
The work hours column is also important. Rs ramped up paperwork requirements for SNAP and Medicaid—Now to get lifesaving help you must consistently work >20 hrs/wk. Tipped workers often don’t control their schedule so will get kicked off. This affects waiters/bartenders in particular
chusak.bsky.social
Tipped workers are mostly low-income and only 1/3 get health insurance at work. We present the first estimates of how many tipped workers are vulnerable to the coming Medicaid, ACA and SNAP cuts. Its well over 1 million (over 30%)
chusak.bsky.social
New research from me @americanprogress.bsky.social
today: How will Trump’s OBBBA affect tipped workers?

Most have focused on “no tax on tips”, but tipped workers are esp. vulnerable to the bill’s program cuts. Medicaid & SNAP cuts vastly outweigh the worker tax cuts
Reposted by Corey Husak
brendanvduke.bsky.social
Let's put the $3.4 trillion cost of Republican reconciliation law in context.

Its tax cuts are so costly that Republicans could have extended all of the expiring tax cuts for families (including millionaires) without cutting SNAP/Medicaid...and it would have cost *less*.
chusak.bsky.social
Not the most important aspect of this bill, but still an important aspect. Is it enough to kick up inflation? Perhaps only modestly, esp with tariffs.

Caveats: the $500b would be larger if not for how CBO counts student loan reforms. Baselines differ, etc
chusak.bsky.social
After years of debates about inflation and fiscal stimulus, its striking that Republicans are passing a new fiscal stimulus.

Even relative to current policy, this bill pours $500 billion into the economy, mostly over the next 3 years
Reposted by Corey Husak
Reposted by Corey Husak
emily-gee.bsky.social
Today's number (+147K) shows steady job growth in an economy anxious about Trump’s tariffs and weakening consumer spending threatening to slow investment. An inopportune moment for Congress to pass a budget bill that kills jobs, guts basic needs programs, and adds $3.4 trillion in deficits. Why? 🧵