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Nuestro post en Nada es Gratis sobre salario mínimo y consumo

It seems that the Senate Finance Committee might be pursuing the most damaging approach yet - imposing even deeper cuts to Medicaid (via Burgess Everett). If confirmed, this would be a profound policy mistake. We outline the risks of exactly this in our paper:

When the House budget resolution first came out, moderate Republicans raised concerns about Medicaid. But, the House-passed bill cut Medicaid by $793 billion. There was an expectation the Senate might moderate cuts. Now, they're looking at even bigger Medicaid cuts.

The Republican controlled Senate has released their Finance committee text. On energy policy, it improves slightly over the House bill — but it will still gut clean energy projects, killing jobs largely in Republican districts. This is a garbage bill. 🧵 finance.senate.gov/tax-reform-2025

Presentamos en el #Vaticano el Reporte del Jubileo, un enorme trabajo colectivo de más de 30 economistas y expertos legales de todos los continentes que nos encomendó el Papa Francisco para trazar un camino para la solución de las crisis de deuda y del desarrollo que están

Dear Jeff Bezos If you can rent Venice for your wedding, you can pay more tax.

Influence of the corporate lobby on the tax bill is clear, e.g. Rs reversed their prior tax increase on corporate R & D What’s surprising is how narrowly their influence is exerted given the current moment, i.e. Trump is taking a jackhammer to the foundation of R & D in the U.S.

I share Dr. Blanchard's belief that a well designed global minimum tax is in the interest of the world & the United States. I also worry that the US is gutting the global effort to preserve a world where Ireland and Singapore collect more tax from big US firms than the US ...

This is interesting: contractionary monetary policy RAISES rents. Not what you would expect — we normally contract the money supply to curb inflation. But higher interest rates makes homes more expensive and more people become renters --> rents go up.

Look at what happens to male teacher salaries (blue line) v.s. female teacher salaries (red line) after collective bargaining laws expire.