@natasharsarin.bsky.social
1.5K followers 170 following 59 posts
Professor, Yale Law School & Yale School of Management; President @budgetlab.bsky.social; Contributing columnist @postopinions.bsky.social Former Counselor at Treasury, Professor Penn Law & Wharton https://www.natashasarin.com/
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natasharsarin.bsky.social
This bill spends $3T+ to make the tax code more complex and Americans less healthy

In every regard, it is a mistake: Grows deficits but shrinks the economy, makes gun silencers more available but healthy food less so

My latest from @postopinions.bsky.social

www.washingtonpost.com/opinions/202...
Opinion | 6 things you probably didn’t know were in Trump’s mega-bill
Trump’s budget bill includes eliminating tax on gun silencers, a garden of heroes and more.
www.washingtonpost.com
natasharsarin.bsky.social
Here is what the distribution of the reconciliation bill looks like including tariffs, hot off @budgetlab.bsky.social presses.

Income falls for the *bottom 80%* of households.

Full report here: budgetlab.yale.edu/research/com...
natasharsarin.bsky.social
So fun to join @econjared today for lunch with a healthy dose of econ to talk reconciliation, interest rates, and why we should invest in -- not gut -- the IRS.

Link to our conversation here:

natashasarin32.substack.com/p/7280ed14-6...
Natasha Sarin
Click to read Natasha Sarin, a Substack publication. Launched 3 hours ago.
natashasarin32.substack.com
Reposted
crampell.bsky.social
@natasharsarin.bsky.social: Loss of insurance from GOP bill could mean more than 100,000 preventable deaths.
Some estimates based on existing research on Medicaid effects on mortality:
www.washingtonpost.com/opinions/202...
natasharsarin.bsky.social
Pretty sobering estimates here. Magnitudes vary but the headline conclusion does not:

Tens of thousands will die prematurely if this bill becomes law.
natasharsarin.bsky.social
This is unlawful, un-American, and ultimately -- like so much we've seen recently -- will serve to make this country less great

And from a President who just last year thought college grads should get green cards so we retain the brightest foreign talent

www.nytimes.com/2025/05/22/u...
Trump Administration Says It Is Halting Harvard’s Ability to Enroll International Students
www.nytimes.com
Reposted
postopinions.bsky.social
Here are three arguments the Trump administration might try to make to revoke Harvard’s tax-exempt status, none of which should hold water in the eyes of the law, @natasharsarin.bsky.social writes: wapo.st/42ScSPt
natasharsarin.bsky.social
Funding the IRS to reduce tax gap has been proposed by every President since Reagan (incl Trump, in first term!)

ROI for high-end enforcement efforts is 12:1. Doing less of it costs a lot of $

Better tech will increase efficiency. But decimating the agency doesn't get you there
natasharsarin.bsky.social
Before the IRA, IRS was way understaffed

As a result, the agency couldn't collect taxes owed, per Commissioner Rettig (a Trump appointee)

IRS has already lost 30% of its auditors. That's not going back to this (bad) base. It is making things much worse!

www.warren.senate.gov/imo/media/do...
natasharsarin.bsky.social
This is a bonker bananas statement that reflects a fundamental misunderstanding of how the IRS works and flies in the face of the vast empirical evidence that shows dollars spent on tax enforcement activities have huge returns.

subscriber.politicopro.com/article/2025...
POLITICO Pro: Bessent: More IRS auditors doesn't mean more revenue
His comments to lawmakers come amid steep cuts in the ranks of enforcement personnel at the agency.
subscriber.politicopro.com
natasharsarin.bsky.social
Great to be with @cnn.com this morning on the market's latest movements, Fed independence, and @budgetlab.bsky.social's work on how political risks threaten our safe harbor status.

Link here:

www.youtube.com/watch?v=PF7-...
Natasha Sarin on the economic fallout of tariff policy changes
YouTube video by The Budget Lab
www.youtube.com
natasharsarin.bsky.social
The tax code has protections against exactly this: Section 7217 makes it illegal for political officials within the Executive Branch -- incl the President -- to request an audit or investigation of a particular taxpayer

Need an investigation to revoke tax exempt status.

www.cnn.com/2025/04/16/p...
IRS making plans to rescind Harvard’s tax-exempt status | CNN Politics
The Internal Revenue Service is making plans to rescind the tax-exempt status of Harvard University, according to two sources familiar with the matter, which would be an extraordinary step of retaliat...
www.cnn.com
natasharsarin.bsky.social
President Trump has said tax filing should be so simple that you could file on a postcard!

The IRS had built something even better: a way to freely file with the govt directly rather than paying hundreds to third parties.

It's devastating to watch so much good work undone