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2.) If Hawley's refundability expansion is just counting a family's earnings under $2.5k w/ the same 15% phase-in rate we have now (approximating payroll taxes): A married couple with two kids making $50k still doesn't make enough to get the full $10k. Policy design matters.

New piece from me, Brendan Duke, and Sophie Cohen on why using a current policy baseline for TCJA is a major gimmick. Crapo's argument is *dead* wrong. What he's asking for is not parity and is instead special treatment that no program has ever received. americanprogress.org/article/republ…

Take SNAP for example. It continues in the baseline despite being temporary. Critically, all cost changes are shown in every year, even the years not being extended. If you turn stuff off early to avoid the costs - like Rs did in TCJA - that part loses current policy treatment.

Tax competition just isn't very important. And if it is important, it might be counterproductive. The two countries with the most "competitive" tax codes, Estonia and Latvia, happen to be at the rock bottom of The Economist magazine's ranking "which economy did best in 2024?"

Elon Musk has us barreling toward a government shutdown. Next, he's going to try to use DOGE to cut crucial programs that people rely on in order to fund tax giveaways for himself and his billionaire friends. 💰 New from Lindsay Owens ⬇️

America-first or America-last? If Rep. Jason Smith Ways and Means Committee Republican Study Committee are serious about America-first tax policies, here's a place to start: end hundreds of billions of $ in tax breaks and loopholes for big companies that outsource profits and domestic jobs overseas

Q: How do you convince the stupidest people in America that you’re cutting the deficit? A: By adding $1.7 trillion to the deficit.

Big conversations on conservative twitter about how best to spend the nonexistent $1.7 trillion in DOGE savings.

The whole area of “predatory finance towards dumb people” is depressing because conservatives don’t want to acknowledge that it’s predatory and liberals don’t want to acknowledge that there are dumb people.

International tax policies in the big bill cost more than $130 bn but will (at best) do nothing to spur US investment. GILTI won't affect domestic investment (deals with foreign profits); FDII, meant to encourage domestic intangibles, can discourage domestic tangible investment.

Since the End of History, history seems to have gone nuts.

Dem insiders will say “this can’t be replicated, it was a fluke because a bunch of young men voted” and then in the next breath they’ll say “what can we do to appeal to young men?”

Tax cuts for tips and overtime are less than 3% of the cost of tax provisions in this bill. Nearly half of the tax cuts go to the richest 5 percent.

“We MUST give a trillion dollars in tax cuts to the top 1% in order to secure the border. Trust me on this. Like seriously, trust me.”

It’s hard to even fathom how to create a budget bill that is the most expensive in history and that also cuts healthcare and food assistance for millions of people. But by god, they found a way.

I had to say goodbye to my best buddy Earl last night. It was unexpected and way too early for him to be gone. I thought we would grow into old men together, but nature had other plans. Chase those mice in the sky, bud.

The White House is touting last month’s Treasury statement showing a budget surplus as a fiscal victory. Are we on track to closing the budget gap? The short answer: not even close. itep.org/june-budget-re…

You don’t have to consult a private corporation to pay a park entrance fee, but you do if you want to file your taxes online. Americans should be able to pay directly with the IRS. Despite the popular success of Direct File, corporate lobbyists won. itep.org/trump-administ…

Private planes make up nearly 12% of all flights. And yet even with major air traffic control safety concerns, the DOT is planning to exclude them from its plan to order 10% cut in flights. People who can afford to charter flights will be fine. Everyone else is screwed.