Erica York Alex Durante To generate the most economic growth with the least fiscal cost, lawmakers should prioritize permanent full expensing of capital investment and slim down the cost of the bill by closing tax loopholes and reducing spending. taxfoundation.org/blog/big-beaut… Will McBride

Btw - Tax Foundation has this to say about The Budget Lab macro analysis: ""Similar to JCT’s and CBO’s qualitative analysis of the long run, PWBM and TBL both estimate negative GDP impacts of the bill after three decades, due to strong assumptions..."

New comparison of OBBB econ/dynamic estimates. In brief Council of Economic Advisers report overstates econ effects by ignoring many of the tax hikes while other groups mix in assumptions about interest rates, expectations, and other factors that tend to mute results and obscure effects of tax policy.

USA! USA! Universal Savings Accounts!

After months of productive dialogue with other countries on the OECD Global Tax Deal, we will announce a joint understanding among G7 countries that defends American interests. President Trump paved the way for this historic achievement. On January 20, the President issued two

Building tons and tons of housing works 'Affordability' is not something you mandate in new units. It's the consequence of building enough supply.

The Senate bill massively violates the House "Rep. Lloyd Smucker rule" requiring $2t of spending cuts or offsetting tax cut adjustments. It's not even close!

Sen. COLLINS says she will vote YES on a motion to proceed to the reconciliation bill, saying she gives deference to Thune bringing bills to floor BUT she’s not a yes yet on final passage - “That does not in any way predict how I'm going to vote on final passage. That’s going to

Sen. Thom Tillis (R-NC) says he'll be a no on both motion to proceed and final passage for Trump's bill

Scapegoating The Fed Chair for Interest Rates Won’t Fix the Economy cato.org/commentary/sca… via Cato Institute

Will the "Big Beautiful Bill" lead to an economic boom or just modestly higher growth?

🚨WOW🚨 The Senate bill snuck a major new entitlement program into their bill that could cost tens or hundreds of billions of dollars. I guess they figured if they did it for only 2 years, no one would notice. crfb.org/blogs/senate-o…

A link to my paper on the macroeconomic effects of the BBB. It is not as Pollyannaish as the Council of Economic Advisers dynamic analysis, but is roughly consistent with other reasonable estimates. The results indicate crowding out is a problem. A little (ok, maybe a good bit) nip-and-tuck could make

New op ed: ‘Big, beautiful bill’ will raise both growth and deficits washingtonexaminer.com/restoring-amer… via Washington Examiner

New op ed: take hyperbolic talking points on OBBB and split the difference.

Coolest OBBBA provision: temporary full expensing for some buildings. Normally, commercial buildings must be depreciated over 39 years—significantly raising the cost of capital. A temporary, limited reform isn’t perfect, but it lays the groundwork for broader progress.

OBBBA will bring about higher economic growth and higher debt and deficits. Read Tax Foundation's analysis below.

BREAKING: President Trump’s tax bill passes 218-214 2 GOP no votes

This is the most unexpected pro-growth measure in the bill, from the perspective of the years leading up to this moment when structures investment was largely left out of the tax debate. Not perfect, should be much broader and permanent, but it’s a start.

Another unexpected pro-growth result was the G7 agreement to exempt US companies from pillar 2 minimum tax, removing a nebulous compliance nightmare for US multinational companies. The agreement was apparently linked to the removal of the section 899 revenge tax in the bill.