Tweets

  1. Retweeted
    3 hours ago

    No Evidence of Systematic Fraud in U.S. Elections, International Observer Mission Reports via

    25 replies 503 retweets 887 likes
  2. 3 hours ago

    States that have adopted entity-level taxes as SALT workarounds: Connecticut, Louisiana, Maryland, New Jersey, Oklahoma, Rhode Island, and Wisconsin

    The IRS appears to have blessed at least one of the SALT deduction cap workarounds, the entity-level tax:
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    2 retweets 2 likes
  3. 3 hours ago

    There have always been ways that states could twist their own tax codes into pretzels to help some subset of their residents with federal tax avoidance, and that's not historically how most states have approached things. The SALT cap became a political football, but still.

    1 like
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  4. 3 hours ago

    States shouldn't rush to take the IRS up on this, though. It's difficult to justify this special treatment available only to passthrough business owners and investors, it greatly complicates tax codes, it can make a mess of multistate returns and ownership structures, etc.

    2 replies 1 like
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  5. Retweeted
    7 hours ago

    Not everyday an economist makes the cover of Vogue. Congratulations to , chief economist of the IMF.

    15 replies 261 retweets 1,628 likes
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  6. 3 hours ago

    The IRS appears to have blessed at least one of the SALT deduction cap workarounds, the entity-level tax:

    2 replies 2 retweets 4 likes
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  7. Retweeted
    9 hours ago

    This Thursday, tune-in for a friendly debate/discussion on how much soaring debt really matters. It will feature me and former CEA chairman Jason Furman (), and be moderated by Kate Davidson () of the Wall Street Journal. RSVP at

    1 reply 7 retweets 25 likes
  8. 4 hours ago

    The results of tax-related ballot measures are also remarkably largely by how mundane they were. You could imagine getting to the same results in 2014. For as crazy as the national elections were, state-level politics just churned on as usual.

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  9. 4 hours ago

    Going into Election Day, New Hampshire wasn't expected to flip to the Republicans, and Democrats has their sights on flipping chambers in Arizona (both), North Carolina (both, esp. Senate), and Minnesota (Senate), and maybe others. It didn't materialize.

    1 reply
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  10. 4 hours ago

    With legislative elections in 44 states and gubernatorial races in 11, it's remarkable how little changed. Counts continue, but this is it thus far on partisan change: AK: House coalition dissolves, flips R MT: Governorship flips R NH: both chambers flip to Rs (all trifectas)

    1 reply 1 retweet 2 likes
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  11. Retweeted
    5 hours ago

    JPMORGAN on Biden-omics: Stimulus "in the neighborhood of $1 trillion late in the first quarter is a reasonable expectation. ... We expect no major changes in tax policies from the incoming 117th Congress."

    3 replies 2 retweets 7 likes
  12. 5 hours ago

    Sure, Jan/

    Russia says its COVID-19 vaccine also over 90% effective
    1 reply 7 likes
  13. Retweeted
    Oct 29

    We're currently seeking a 💻 Software Development and 📈 Economic Modeling Intern! Interested? Learn more ⬇️

    2 retweets 1 like
  14. 7 hours ago

    In summary, I think it's possible that the IF decisions could trigger some serious thinking about what to do about lost or gained revenue, if anything.

    1 reply
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  15. 7 hours ago

    Attention kayaker: ancient Nineveh is in the vicinity of contemporary Mosul, in case you feel called to book that trip now.

    0:34
    Talk about a close call! Two kayakers were almost swallowed by a breaching humpback whale 🐋 off Avila Beach, CA. It capsized the kayak but luckily they are okay. Check it out from two amazing points of view.
    2 likes
  16. 7 hours ago

    We won't know the extent of the changes until the Inclusive Framework makes some pretty big decisions on scope, deemed residual profit threshold, and allocation percentages. The OECD impact assessment has wide ranges depending on how things might turn out.

    1 reply 1 like
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  17. 7 hours ago

    The big questions: 1. Do you adjust your CIT policy or other tax tools to balance out revenue losses/gains from Pillar 1? OR 2. Do you take a net revenue increase/decrease in stride?

    1 reply
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  18. 7 hours ago

    I've been thinking about this chart from et al's paper. () We know Pillar 1 is going to cause some countries to lose revenue and others to gain, so something to be thinking about is how jurisdictions might choose offsetting policies

    1 reply 1 like
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