One of the most important policy reflections, ever, of behavioral science/behavioral economics, going back to Laibson and Gabaix on shrouded attributes, long ago, and Sarin on consumer finance, pretty recent, and emphatically including Herd, Moynihan, Emens, and Thaler on

One of the biggest economic policy differences between Trump and Harris in on taxes. Trump's latest proposals would leave nearly all Americans worse off, especially so those lower in the distribution, costing median taxpayers > $2,600 a year. piie.com/research/piie-… Peterson Institute

‘The revenue potential from increasing tax rates on capital gains may be substantially larger than previously thought by many in the tax policy community.’ Top incomes and tax policy | Owen Zidar | IFS Deaton Review | Oxford Open Economics academic.oup.com/ooec/article/3…

Love that Washington Post Opinions is running a series on public servants. First up: washingtonpost.com/opinions/inter…

(2/2) And Congressional dysfunction could make that happen! But a better option is to use the 2025 moment to enact thoughtful improvements in tax policy, while also keeping good parts of TCJA & losing bad ones. More on that here: brookings.edu/articles/the-c…

Yellen, in Texas, highlights how the IRS has been using IRA money to modernize its technology and make it easier for taxpayers to see notices and interact with IRS online: “The IRS has launched more digital tools in the past 2 years than in the previous 20.”

Tax police!!

🧵 (1/6) My new piece @ft! There are good & bad ways to handle offshoring anxiety. Consider tariffs. They are inefficient, they reduce tax system fairness (w/ large costs to households), and they create intl. conflict rather than cooperation. BUT… on.ft.com/3zeIOSc

BREAKING: Taylor Swift endorses Kamala Harris after this debate, signed a “Childless Cat Lady”

Worried about the U.S. debt? Then vote for Harris, Natasha Sarin writes. wapo.st/3XJ5qmY

📢 Call for Proposals 📢 Measuring the causal effect of a policy change and seeking to measure its Marginal Value of Public Funds? Ben Sprung-Keyser and I just launched the next round of @policyimpacts Early Career Scholars Grants to support your work. policyimpacts.org/announcements/…

"No tax on tips": by now, almost everyone has weighed in on this idea. Lots of sharp commentary on the distributional implications and potential for abuse. Our new report adds a quantitative look at these issues. [1/10] budgetlab.yale.edu/research/no-ta…

Check out The Budget Lab's incredible new work led by Ricco estimating the revenue and distributional effects of No Tax on Tips. Our analysis uses the best Census data available on tips and takes a number of innovative approaches to exploring possible behavioral responses.

New The Budget Lab report on exempting overtime from income taxation: 1. Costs $866B over a decade w/o any behavioral feedback. This rises to $1.3T if also exempting payroll tax. 2. 8% of hourly workers & 4% of salaried workers are OT on a regular basis. budgetlab.yale.edu/news/240917/no…

Martin Sheen complete remarks at "The West Wing" anniversary event at the White House.

Set your VCRs for 7:30am EDT to catch me and Natasha Sarin on Squawk Box with Joe Kernen Andrew Ross Sorkin and Becky Quick. Hopefully won’t be too SALTy a conversation and we each appreciate some heretofore unrealized gains. I will show myself out now. But do tune in!

Presidential Candidates Harris & Trump outlining more of their economic and tax proposals as the election nears. Rohit Kumar & Natasha Sarin debate the differences in policy and what it means for Americans:

Great to be on Squawk Box with Rohit Kumar this morning talking tax policy. Watch here: cnbc.com/video/2024/09/…