David Trimmer @dtrim99.bsky.social · 20/11/2025The combined impact of the EDAA would lower poverty and child poverty by 42% and 67%, respectively. Each household decile would gain, except the highest which would pay a higher average tax amount than what they receive in benefits from the 3 bills. 110
David Trimmer @dtrim99.bsky.social · 20/11/2025Two years ago I wrote about the need for a universal baby bonus, administered by the SSA, and able to be claimed two months before the child’s expected due date. The Baby Bonus Act does just that. 100
David Trimmer @dtrim99.bsky.social · 20/11/2025Ladies and Gentlemen, I have a bill in Congress. Its name: the Baby Bonus Act 111
David Trimmer @dtrim99.bsky.social · 15/05/2025Claim: SALT Caucus members say the cap in the W&M bill is inadequate to deliver real tax relief for middle-class families. Reality: Raising the cap to $62k/$124k would lower the tax liability of households in the top decile by $2,621 and $13 or less for those in the bottom five. 120
David Trimmer @dtrim99.bsky.social · 15/05/2025Additionally, the SALT cap would increase the tax liability for households in the top income decile by an average of $4,405 in 2026. 110
David Trimmer @dtrim99.bsky.social · 10/05/2025Using @us.policyengine.org, we project that the provisions would in 2026: - Lower the federal revenues by $217 billion - Benefit 74% of residents - Provide an average household benefit of $1,636 (varying by income decile) 100
David Trimmer @dtrim99.bsky.social · 15/04/2025Happy Tax Day Everyone! Last year I turned 25 and started a new job in August. Because of my age and earnings in 2024, I qualified for the Earned Income Tax Credit! Using @us.policyengine.org, I can calculate my federal EITC and state EITC, as well as my taxes and net income. 121
David Trimmer @dtrim99.bsky.social · 07/04/2025This means that once the rate is cut to 3% in 2030, it will take roughly ten years to fully eliminate the tax as hitting 1.15% of a 1 percentage point cut will result in 0.3 reduction to the state’s tax rate. 100
David Trimmer @dtrim99.bsky.social · 07/04/2025However, the Senate wanted the state’s excess revenue (after accounting for spending) to be at least 85% of the cost of a 1 percentage point reduction in the state’s tax rate before it would be cut. They put 0.85% in the bill. 100
David Trimmer @dtrim99.bsky.social · 11/03/2025Great to see the WFTC included in the New York legislature’s budget proposal and for my analysis to be cited in the press release by State Senator @agounardes.bsky.social You can read the full analysis at @us.policyengine.org using the link below: policyengine.org/us/research/... 000