So glad to be a part of this #TaxPolicySummit CRFB.org! Heard from experts about plans to address the TCJA expiration and what challenges/opportunities will lie ahead for fiscal responsibility

Good start!

This chart, from Greg Ip in the WSJ, echoes the surveys of people who say their own finances are fine but the broader economy is bad. Here, it appears all the swing states are in good economic shape but the nation as a whole is somehow a mess:

come work at CRFB!

I've found the #CPI silver lining! Admission to sporting events prices dropped 8.9% last month, the biggest drop since the series started in 2000. So there's that. Take me out to the ballgame!

2024 is not off to a good start considering 2023 inflation was down to 3.2%

💰 So far this fiscal year, 39 cents of every dollar paid in individual income taxes has gone toward interest on the debt. #TaxDay2024 #DebtFacts

dropping tax facts on this tax day! ⤵️

The impact of QE on money is hard to understand – it's new, confusing, and still debated. Specifically: Does QE do more than just swap assets between the Fed and banks? Does it increase non-interest-paying money or not? A thread🧵to help:

more annoying news for the Fed

US Treasury keeps auction sizes unchanged through July, launches buyback reut.rs/3Wn4Hrm

📉 #SocialSecurity is on a road toward insolvency. Ahead of today's Social Security Trustees report, use the Social Security Reformer tool to modify tax and benefit levels, close the shortfall and keep the program sustainable for future generations: crfb.org/socialsecurity….

Yellen at Carl's!

TRINITY RODMAN 🇺🇸 The 22-year-old opens the scoring for @uswnt in her Olympic debut! 📺: NBC Olympics & Paralympics & Peacock #ParisOlympics

142k net new jobs, mostly in leisure, hospitality, health care, and social assistance. Job gains in construction, but job losses in manufacturing. Graph via Kate Generelli (welcome back!) of CRFB.org

First Walk-off in Pinstripes. Juan José Soto Pacheco 🔥

A CRFB.org report finds that Trump's economic plan would increase the debt by roughly double the increase expected under Harris. His proposed tax cuts & other exemptions would increase the debt by about $9tn. Tariffs would offset ~$3tn ft.com/content/2c5167… James Politi

We detail both candidates' campaign proposals- spoiler - neither candidate has serious a plan to address rising debt

It's time for policymakers to make deficit reduction a priority or we are headed to record breaking debt-to-GDP in 3 years and much more beyond that

"It is estimated by the nonpartisan Committee for a Responsible Federal Budget that your economic plan would add $3 trillion to the federal deficit over the next decade. How are you going to pay for that?" In his 60 Minutes interview tonight with Vice President Kamala Harris,