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SeanTrende's profile
Sean T at RCP
Sean T at RCP
Sean T at RCP
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@SeanTrende

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Sean T at RCPVerified account

@SeanTrende

Sr. Elections Analyst, RCP. @osupolisci. @aei. Recovering Att'y. Married to @emytrende, dad to 3. You shall love your crooked neighbor, with your crooked heart.

Joined March 2010

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    1. Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      Sean T at RCP Retweeted Mark Cuban

      This actually explains a lot of our political development over the past 40 years. Completely agree that if you want to start a company and have a ton of $$$ you don't really care whether the top rate is 39.6% or 35%. 1/https://twitter.com/mcuban/status/1313130690599432193 …

      Sean T at RCP added,

      Mark CubanVerified account @mcuban
      I have started I don't know how many businesses in my life. Not one time have I ever considered the income tax rate before starting a business. I'm an entrepreneur. I start companies. https://twitter.com/etowner5/status/1313126642030526464 …
      41 replies 45 retweets 306 likes
      Show this thread
    2. Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      This is part of why we've seen upper class and upper middle class whites start to vote more on social issues. The economic debates just don't impact them as much any more. 2/

      7 replies 13 retweets 131 likes
      Show this thread
    3. Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      Contrast this with the debates we were having in 1980, when the top rate was 70% and brackets weren't indexed for inflation, so more and more people were getting pushed into higher rates. 3/

      4 replies 6 retweets 82 likes
      Show this thread
    4. Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      Like in 1980, an individual making $130k in today's dollars who got a raise would see half that raise going to taxes. That's a very nice salary, but it's also not the type of $$ where you can take advantage of all the avoidance schemes then available 4/

      3 replies 6 retweets 59 likes
      Show this thread
    5. Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      Especially before the passive loss deductions were reined in. In any event, one of the biggest questions in politics is whether the Ds can keep these UMC voters on board as the energy builds on the side of people who want tax rates more akin to what we saw in the 50s-70s. 5/

      6 replies 10 retweets 66 likes
      Show this thread
      Sean T at RCP‏Verified account @SeanTrende 5 Oct 2020

      (and before you start, yes I know we survived very high tax rates in the 50s-70s. My point is I'm not sure the upper-middle class votes on social issues at that point. Also, we eliminated a *lot* of deductions people used to avoid those top rates from '81-'17).

      8:09 AM - 5 Oct 2020
      • 7 Retweets
      • 65 Likes
      • 𝙎𝙚𝙣𝙖𝙩𝙤𝙧 𝙏𝙚𝙙 𝘾𝙤𝙪𝙥𝙨 Moshe Schorr . Christopher Burton Austin Bigley Nicole Kakya Russ Gottwald Anik Joshi
      13 replies 7 retweets 65 likes
        1. George Purcell‏ @gpurcell 5 Oct 2020
          Replying to @SeanTrende

          Everyone should at a minimum read Showdown at Gucci Gulch. I mean you could deduct CREDIT CARD INTEREST!

          0 replies 0 retweets 4 likes
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        2. Josh Hunt‏ @Bouje99 5 Oct 2020
          Replying to @SeanTrende

          My bet is the GOP is eventually forced to moderate on social issues and the “suburbs” eventually “forgive” them for being Trump lovers (or the Trump lovers are mostly gone) and that tension forces Dems to basically not go down the AOC path to better compete. But we’ll see.

          3 replies 0 retweets 1 like
        3. Josh Hunt‏ @Bouje99 5 Oct 2020
          Replying to @Bouje99 @SeanTrende

          What’s a “social” issue vs an “economic” issue is also often blurry. Immigration is both for sure.

          0 replies 0 retweets 2 likes
        4. End of conversation
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        2. Tim Chandler‏ @tchandler2 5 Oct 2020
          Replying to @Mark14743575 @SeanTrende

          Because of insane deductions which he mentioned.

          1 reply 0 retweets 2 likes
        3. End of conversation
        1. Douglas Lukasik‏ @DouglasLukasik 5 Oct 2020
          Replying to @SeanTrende

          We are in an era of trench warfare on tax policy. I've been saying it for a decade. It's even more profound with the sharp (and needed) cut in the corporate tax rate a few years ago.

          0 replies 0 retweets 1 like
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        1. CTIronman‏ @CTIronman 5 Oct 2020
          Replying to @SeanTrende

          The other angle would be if the energy on social issues moved over the the woke side wearing out their casual UMC allies; while salience of gays/guns recede

          0 replies 0 retweets 2 likes
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        2. Brian‏ @xlibnowleanleft 5 Oct 2020
          Replying to @SeanTrende

          I'm a bleeding heart liberal. The smartest thing the Dems could do is call for a flat tax and federalism. Let states tax and spend their own money. If you want nice roads and good schools pay for them. No more transfers to red states.

          1 reply 0 retweets 1 like
        3. Winston Smith‏ @lightning8993 5 Oct 2020
          Replying to @xlibnowleanleft @SeanTrende

          Careful- flat taxes disproportionately impact lower income people.

          2 replies 0 retweets 0 likes
        4. Show replies
        1. Daniel T‏ @DanielTobias_ 5 Oct 2020
          Replying to @SeanTrende

          Cc @mcubanpic.twitter.com/xnp6mldqB3

          0 replies 0 retweets 0 likes
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