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chuckcbpp.bsky.social

@chuckcbpp.bsky.social
1.9K followers 56 following 218 posts
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 29/07/2026
New: Even before the rise of AI, the case for raising the corporate tax rate was compelling. Now, I think it’s overwhelming. news.bloomberglaw.com/business-and...
news.bloomberglaw.com
Raise the Corporate Tax Rate to Stem AI-Related Economic Inequity
Opinion: AI’s economic impacts may include more inequity and job dislocations and losses. A higher corporate rate would raise substantial revenue from the wealthy without stifling innovation or growth...
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 27/07/2026
Senators Warren and Moreno recently proposed a plan to lift the Social Security wage cap to help avoid benefit cuts and reduce its financing gap. This is a serious bipartisan proposal and fixing Social Security will likely require bipartisan compromise. www.nytimes.com/2026/06/23/o...
nytimes.com
Opinion | Bernie Moreno and Elizabeth Warren: Our Plan to Save Social Security
To save the program, we need to eliminate the payroll tax cap.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 16/04/2026
House Republicans proposed another reckless cut in the IRS budget. The proposed 9% cut would take the IRS budget to 44% below its 2010 level. This gutting of the IRS is a betrayal of honest taxpayers. It should be rejected out of hand
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 12/03/2026
The Van Hollen-Beyer et al tax cut bill was released today so just re-upping our prior thread and adding a few tweets with numbers now that more details are available:
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 09/03/2026
Sen. Booker’s centerpiece proposal is a very costly expansion of the standard deduction that flows high up the income scale, but also includes critical provisions for supporting low-income families w/ kids and people working for very low pay, as well as sound offsets. x.com/DavidABergst...
x.com
David Bergstein on X: "NEW from NBC: Booker wants to make first $75,00 tax free @SenBooker: “Americans are working harder and harder, and they’re making less and less relative to their parents and grandparents...So we need big ideas that could redeem the dream of America.” https://t.co/3pKLM9JvON" / X
NEW from NBC: Booker wants to make first $75,00 tax free @SenBooker: “Americans are working harder and harder, and they’re making less and less relative to their parents and grandparents...So we need big ideas that could redeem the dream of America.” https://t.co/3pKLM9JvON
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 05/03/2026
The latest Democratic affordability proposal–this one from Senator Van Hollen– was previewed in the Washington Post by @jeffstein.bsky.social this morning. While we don’t have all the details, it seems like a case of good intentions but some problematic results www.washingtonpost.com/business/202...
washingtonpost.com
Democrat’s plan would eliminate federal income taxes for half of U.S. workers
Sen. Chris Van Hollen’s tax relief plan could benefit tens of millions of middle-class workers, with a focus on those making at or below a living wage.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 28/01/2026
Peoples’ excitement regarding their tax refunds might be less positive than some Republicans expect or hope, and for good reason. The tax change will be smaller than the 2017 Trump tax cuts and will only make up for about half the tariff hit for many.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 12/01/2026
Congress agreed over the weekend to cut the IRS's base budget by a reported $1 billion. This would be a serious policy mistake at a time when the IRS remains severely depleted. Honest taxpayers deserve better.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 10/10/2025
New Paper: CBO finds $1 invested in federal non-defense R & D yields $11.50 over 30 yrs, i.e. wow Meanwhile, the Trump Admin proposes a 21% cut in non-defense R & D funding– while targeting top universities– posing a threat to future living standards www.cbpp.org/research/fed...
cbpp.org
Administration’s Proposed Cuts to Non-Defense R&D Pose Long-Term Risk to Rising Living Standards | Center on Budget and Policy Priorities
New, high-quality research quantifying the powerful impact of federal non-defense research and development shows why the dramatic cuts to non-defense R&D funding proposed by the Trump Administration w...
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Kathleen Romig @kathleenromig.bsky.social · 06/10/2025
Alarming news this morning that Social Security head Frank Bisignano has been named “CEO” of IRS, a move that raises 3 major concerns: www.wsj.com/politics/pol...
wsj.com
Bessent Picks Social Security Chief Frank Bisignano as IRS CEO
The Social Security head will do double duty at the tax agency while Treasury Secretary Scott Bessent retains his formal title as acting IRS commissioner.
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Sharon Parrott @sharonparrott.bsky.social · 21/09/2025
The Administration acknowledged that it will stop the survey that measures food insecurity, just as tariffs push up food prices and the deep cuts to food assistance enacted in July start to take effect. Congress must intervene to save these vital data. www.wsj.com/economy/trum...
wsj.com
Exclusive | Trump Administration Cancels Annual Hunger Survey
The government has been measuring food insecurity since the mid-1990s but now says the report has become “overly politicized.”
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Chye-Ching Huang @dashching.bsky.social · 10/07/2025
Via @jeffstein.bsky.social @washingtonpost.com anti-tax interests want the Trump IRS to give an unlawful tax cut to wealthy people by executive fiat. Just the tip of one of two big icebergs of tax cuts for special interests coming for the tax system. www.washingtonpost.com/business/202...
washingtonpost.com
Conservatives are asking Trump for another big tax cut
Fresh off passage of the “One Big Beautiful Bill,” some anti-tax advocates hope to push the administration to change how taxable capital gains are calculated.
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Allison Orris @aorris.bsky.social · 23/06/2025
This suggests that Republicans may add yet another deeply harmful health care cut to the Senate bill – a cut that would take health coverage away from even more people, shift massive, unaffordable costs to states, & could even lead some states to end their #Medicaid expansion.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 15/05/2025
Meanwhile, House Republicans are doing nothing about the Trump tariffs & going out of their way to deny any of their Child Tax Credit increase to 17 million kids, many of whose parents likely shop at Walmart- families they voted to help last year, but not now when it counts- why?
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 15/05/2025
The IRS has the fewest auditors who have expertise to audit sophisticated tax returns — since the 1950s
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 13/05/2025
For those who care about the Child Tax Credit - this from my colleague Kris Cox is a must read:
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 13/05/2025
The House Ways and Means tax bill released today is skewed in favor of rich people, is even more costly than the original 2017 law, and fails to deliver for working-class families and small businesses. A thread 🧵
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Bobby Kogan @bbkogan.bsky.social · 11/05/2025
in the gop tax plan, the top 0.1% gets more than all the households in the bottom half of america combined
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 10/05/2025
To get an idea of Republican tax bill on the Child Tax Credit: Picture a couple with 2 kids living in a fancy suburb, making $400k. A thousand $ more for them. For the kids of the people who cut their grass, deliver their packages, watch their kids, clean their house: Nothing
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 10/05/2025
🚨 🚨 🚨 The emerging House R tax bill appears highly skewed to the wealthy, w/ several regressive expansions of 2017 tax cuts & full of costly timing gimmicks, while, despite the working-class rhetoric, failing to deliver for millions of working class families
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Shelby Gonzales @shelbytgonzales.bsky.social · 10/05/2025
House Republican plan would harm 4.5 million U.S. citizen children by stripping away their access to the Child Tax Credit if either of their parents file taxes w/o an SSN: cmsny.org/publications...
cmsny.org
New Estimates of the Number of United States Citizen and Legal Permanent Resident Children Who May Lose Eligibility for the Child Tax Credit - The Center for Migration Studies of New York (CMS)
This fact sheet provides new estimates of the number of American citizen and legal permanent resident children who could lose eligibility for the federal Child Tax Credit if proposals currently consid...
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Kris Cox @krisycox.bsky.social · 10/05/2025
See our state-by-state data on where these kids live: www.cbpp.org/blog/policym...
cbpp.org
Policymakers Should Expand the Child Tax Credit for the 17 Million Children Currently Left Out of the Full Credit | Center on Budget and Policy Priorities
Congressional Republicans may soon release a budget resolution that will set the terms of the tax debate, and which is expected to extend the 2017 tax law, including its changes to the Child Tax...
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Kris Cox @krisycox.bsky.social · 10/05/2025
#CTC changes in the House tax bill leave behind the 17M children who currently get less than the full $2k credit. The bill increases the max to $2,500 for 4 yrs (then drops back to $2k), which gives these 17M a $0 increase but showers higher-income families w/ 2 kids w/ an extra $1,000.
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Kathleen Romig @kathleenromig.bsky.social · 28/03/2025
TL;DR: Trump's own pick to run Social Security thinks having COBOL code underlying SSA's systems is just fine. But DOGE is "risking benefits and systems collapse" to quickly rip it all out--for no apparent reason. www.wired.com/story/doge-r...
wired.com
DOGE Plans to Rebuild SSA Codebase in Months, Risking Benefits and System Collapse
Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language. Safely rewriting that code would take years—DOGE wants it done in months.
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Kathleen Romig @kathleenromig.bsky.social · 28/03/2025
DOGE plans to move Social Security systems "entirely off [COBOL] in a matter of months, potentially putting the integrity of the system—and the benefits on which 10s of Ms of Americans rely—at risk." Is this needed? Let's hear what Trump's nom to head SSA just said: www.wired.com/story/doge-r...
wired.com
DOGE Plans to Rebuild SSA Codebase in Months, Risking Benefits and System Collapse
Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language. Safely rewriting that code would take years—DOGE wants it done in months.
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Kathleen Romig @kathleenromig.bsky.social · 20/03/2025
This new policy will drive 3M+ more people into Social Security offices. Another policy this week will add 4M+. 7M more Social Security appts + cutting 7K SSA staff = longer waits for everyone popular.info/p/exclusive-...
popular.info
EXCLUSIVE: Secret policy shift could overwhelm Social Security offices with millions of people
On Wednesday, the Social Security Administration (SSA) enacted a new policy that could impose massive demands on the agency's overburdened network of field offices, according to an internal SSA messag...
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Kathleen Romig @kathleenromig.bsky.social · 14/03/2025
The Social Security Administration (SSA) is reportedly going to stop allowing people without Social Security numbers (SSNs) to serve as "representative payees" for beneficiaries who need help managing their benefits. This risks benefit interruption for thousands. www.govexec.com/management/2...
govexec.com
SSA weighs axing payments to 170,000 beneficiaries
The move to cease making payments to people without Social Security numbers would imperil the benefits of thousands of immigrants’ children with disabilities.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 12/03/2025
W/ House Rs meeting on tax bill: we’re likely to hear tips, tips, tips. Don’t be distracted & don’t be fooled This is bad policy that Rs seem determined to enact but doesn’t move the needle for working-class people & doesn’t change what Rs are doing: massive tax cuts for the rich
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Jennifer Sullivan @jenniferlsullivan.bsky.social · 11/03/2025
CMS's proposed #ACA marketplace rule would mean fewer people with health coverage, more red tape, higher costs, less time to enroll, plus decreased access for certain groups. People currently struggling to afford the basics would once again lose out. Some highlights (lowlights?) - a 🧵:
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 10/03/2025
With House Republicans meeting to flesh out their tax bill, it feels like an important time for a thread on what a better tax bill would look like.
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Kathleen Romig @kathleenromig.bsky.social · 07/03/2025
Yesterday, the Social Security Administration reportedly terminated a long-standing nationwide policy under which parents can apply for a Social Security number (SSN) for their newborns in the hospital--in Maine, and Maine alone. Today, SSA reversed it. 🧵 www.cbpp.org/blog/ssa-rev...
cbpp.org
SSA Reverses Newly Imposed Restrictions on Birth and Death Reporting in Maine | Center on Budget and Policy Priorities
Today the Social Security Administration (SSA), which had abruptly terminated in Maine a long-standing nationwide policy under which parents can apply for a Social Security number (SSN) for their...
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 07/03/2025
House Ways and Means Republicans are meeting Monday to begin to flesh out their tax bill. Here’s a thread on why I think they’re on the wrong path
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 14/02/2025
Clarifying contrast for the “Party of the Working-Class” 1) Sen Thune: make inheritances from Billionaires completely TAX-FREEE 2) Steve Bannon: "A lot of MAGAs on Medicaid. If you don't think so, you're dead wrong ... You can't just take a meat axe to it." (h/t @jsteinwapo)
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 12/02/2025
Team, we’re losing the plot. Their plan to cut people’s health care & food assistance is about paying for tax cuts for rich, not deficit reduction:
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Catherine Rampell @crampell.bsky.social · 11/02/2025
Crazy coincidence
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 11/02/2025
Question for Republicans and all of us: what is the “fair share” cut in food assistance for people who receive $6.20 per person per day in #SNAP benefits while giving a tax cut of some $6 million to the 1 in 1,000 wealthiest estates? www.politico.com/newsletters/...
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Kathleen Romig @kathleenromig.bsky.social · 10/02/2025
👀 Something for people who care about Social Security to watch for: the Trump Admin is looking to drastically reduce federal building space. Social Security Administration (SSA) offices across the nation may be affected, harming retirees, people w/ disabilities & survivors. Details ⬇️
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 07/02/2025
Party of the Working -Class? Here's what the distribution of the underlying tax cut extension that the House and Senate Republicans look like they are facilitating and assuming respectively in their budget resolutions. Note triple the % income gain at top vs bottom 60% --
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Ernie Tedeschi @ernietedeschi.bsky.social · 01/02/2025
Hot off the presses, @budgetlab.bsky.social just published a preliminary estimate of the economic & fiscal effects of the Trump Admin's 25/25/10 Mexico/Canada/China tariff proposal, with a special lower 10% rate on Canadian crude oil imports. Some high-level conclusions follow... 1/4
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jamelle @jamellebouie.net · 30/01/2025
i think it is important to say that the open and explicit racism of the president and the vice president isn’t just uncouth or “controversial” but a direct attack on tens of millions of americans and a dereliction of their duty to represent the entire country
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 29/01/2025
It's something to see how the Trump Admin/DOGE types come in talking about getting rid of regulations (that apply to rich people) and right away are proposing more red tape for low-income people:
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Allison Orris @aorris.bsky.social · 29/01/2025
A timely reminder that nearly 2 in 3 Medicaid enrollees work in paid jobs, contrary to assumptions underlying work requirement proposals. Most of the rest have a disability, are caring for family members, or are attending school. www.cbpp.org/research/hea...
cbpp.org
Research Note: Most Medicaid Enrollees Work, Refuting Proposals to Condition Medicaid on Unnecessary Work Requirements | Center on Budget and Policy Priorities
The latest data for 2023 continue to show that nearly 2 in 3 Medicaid enrollees work, and most of the rest have a disability, are caring for family members, or are attending school.
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Allison Orris @aorris.bsky.social · 29/01/2025
Reports are emerging that Republican lawmakers continue to consider taking #Medicaid away from people who don’t meet unnecessary work requirements. www.politico.com/live-updates...
politico.com
Work requirements gain favor with House Republicans
Speaker Mike Johnson called the safety-net strictures a “very popular measure.”
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 16/01/2025
Senator Hawley gave an important speech this week with an urgent takeaway: “for every Republican who has hailed the new working-class coalition that President Trump has assembled, this is the time to deliver.” While the design needs improvement, his #ChildTaxCredit focus is spot on.
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 22/11/2024
The Trump 2017 tax law was costly. Rs made most provisions temporary, ie expire in 25, to keep the official cost down. Full permanence would have been much more expensive, adding $Ts to the deficit. Now, Senator Crapo is trying to wave away the huge cost of extension: www.youtube.com/watch?v=1vo0...
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 21/03/2024
NEW Paper: The deep corporate tax rate cut was the centerpiece of the 2017 Trump tax law. Like the overall law, it was skewed in favor of wealthy people, very expensive, and failed to deliver on its promises. It needs to be revisited  www.cbpp.org/research/fed...
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 21/03/2024
Breaking: The new bipartisan appropriations package includes funding for the IRS, & passes a minimal test for FY24 base funding.  Negotiators rightly decided on the Senate bipartisan version – a less than ideal “freeze”– but far better than the House cut www.cbpp.org/research/fed...
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 08/03/2024
A major part of the tax policy course correction President Biden is proposing is put priority - not on cutting corporate taxes - but on expanding the Child Tax Credit and EITC for childless adults
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 08/03/2024
President Biden highlighted the failure of trickle-down economics for decades and recognized the the 2017 Trump tax law failed to trickle-down. The corporate tax rate cut is Exhibit A: the benefits went to executives, not workers:
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chuckcbpp.bsky.social @chuckcbpp.bsky.social · 05/03/2024
Let the debate begin – the State of the Union address and Biden budget will open the critical 2025 tax debate.  Here’s our opening 1-2-3 on the 2017 Trump tax cut. Thread www.cbpp.org/research/fed...
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