In my latest Forbes piece I suggest some ways to improve the House Republicans's #reconciliation bill. Need more spending reforms and permanent full expensing to encourage #investment, growth. #taxes #economy forbes.com/sites/adammill…

Moody's downgrades US credit rating "Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs," Moody's said. wsj.com/economy/centra…

“the gap between countries at the top and bottom of the index has widened for four years running. The world’s poorest countries have stalled on other indicators, too. Extreme poverty has barely fallen since 2015” this is very disappointing economist.com/graphic-detail…

This is probably bad for society overall. More risk aversion, less innovation.

“To those pushing me to cave on #SALT: I know what my middle-class constituents need — and I won’t stop fighting for them,” Rep. Congressman Nick LaLota , R-N.Y. Oh please. It largely helps the top 10%. We all know it. Stop with the gaslighting. rollcall.com/2025/05/18/hou…

The House Republicans passed reconciliation out of the #budget committee but it can still be improved. Need to address #Medicaid spending on able-bodied adults, expensing of #investment, & #SALT cap. I discuss below⬇️#taxes #economy forbes.com/sites/adammill…

"States can and should similarly pick up more of the tab for #SNAP and #Medicaid...Doing so would hold states more accountable for achieving real results like promoting work and independence from benefits" cosm.aei.org/the-case-for-s…

.Matthew E. Kahn is right that #cities should embrace broad deregulation to expand opportunity #jobs #economy city-journal.org/article/milton…

Congrats to the 2025 Ivory Innovations's Ivory Prize winners! #housing #regulations #Construction ivoryinnovations.org/ivory-prize-20…

#Congress can reform #Medicaid w/o harming most vulnerable by making the system work as intended. #reconciliation #taxes

Let’s cut more spending!

Good ideas to improve #OBBB "The House #tax bill gets some big things right, like extending lower tax rates & repealing many of the IRA’s green subsidies, but it falls short of delivering the kind of principled, pro-growth reform R's have long promised" adamnmichel.substack.com/p/four-things-…

Wrong. It’s a silly account hardly anyone will use but will have to keep track of. Just cut #tax rates and let parents decide how to invest. It’s strange that everyone on the Right thinks parents know what’s best for their kids in #school but not when it comes to saving.

As CRFB.org points out, most of the House's #SALT change benefits households making >$300K/year. We need to reduce the deficit, & while I generally favor cutting taxes, the SALT deduction is not a great tax cut. crfb.org/blogs/further-…

I don’t care too much about the debate over whether economics is like physics, but I will say that in my experience I make better decisions when I incorporate economic theory and consider the findings of economic research.

No I didn’t read it and I won’t because the framing is dumb. A hunt for profits is how most big things get done, including new medicines.

Oren Cass is wrong “supply and demand really are undefeated. Not because they’re sacred or because markets are perfect, but because they represent predictable patterns in human behavior that assert themselves regardless of our policy preferences” economicforces.xyz/p/oren-cass-is…

Inclusionary zoning may be well meaning but it undermines #housing production and traps cities in a high-price equilibrium since only high market prices can justify the affordability requirements.

I didn’t know that total water withdrawals in US peaked in 1980.

Kudos to #Dallas for ditching some #parking requirements! "The new rules completely eliminate parking minimums for residential developments w/ less than 200 units and bars and restaurants under 2,500 sq ft, as well as many other office and retail spaces" planetizen.com/news/2025/06/1…