Rachel Snyderman

Proud fedgovt @BPC_Bipartisan @EY_US @poverty_action @Wellesley @SAISHopkins alumna.
Views are mine.

[Andrew Lautz @andrew_lautz]

Your Tax Day comparison of tax refunds and deposits:

DEPOSITS: $335B, actually $16B (5%) above the Tax Day total last year.

REFUNDS: $270B, $45B (20%) above the Tax Day total last year.

Of course, as @DonFSchneider has pointed out, deposits data is choppy around Tax Day.

[Jessica Riedl 🧀 🇺🇦 @JessicaBRiedl]

NEW from me: The 2026 version of my chart book. It is 132 pages of charts that defy liberal & conservative conventional wisdom about spending, taxes, deficits, debt, and even presidential fiscal performance.

A full career of federal budget expertise in picture form. 🧵

[Andrew Lautz @andrew_lautz]

It's Tax Day! Here's a thread on what we know about how the tax filing season has gone so far. 🧵

REFUNDS: ⬆️ than last year, ⬇️ than some predicted. Current average is $3,462, which is $346 (11%) higher than 2025.

Some were predicting $3,800 or $4,000+. Haven't seen that yet.

[Shai Akabas @ShaiAkabas]

The Fed can’t safeguard the economy on its own.
This @nytimes op-ed from @BCAppelbaum is a stark warning: runaway US borrowing risks debt (not policy) dictating outcomes.
There’s still time for Congress to work together to get our fiscal house in order 🔗https://t.co/sTwZHFUQgh

[CRFB.org @BudgetHawks]

Thanks to all our first round of panelists for laying out these important ideas to save #SocialSecurity and #Medicare from insolvency!

On to our next panel: answering an important question, What’s Next for the Trust Funds?

[Andrew Lautz @andrew_lautz]

New from @RachelSnyderman and I: a lower-than-10,000 foot level but higher-than-ground level review of the int'l tax state of play. We talk:

OBBB
DSTs
Tariffs
Haircuts (OK, *foreign tax credit* haircuts)

And more!

https://t.co/JqwFgJsPHI

[Bipartisan Policy Center @BPC_Bipartisan]

BPC President and CEO @MSpellingsBPC on the government shutdown: https://t.co/EMaKnlnssm

[Bipartisan Policy Center @BPC_Bipartisan]

https://t.co/7odishUol8

[Bo Erickson Reuters @BoKnowsNews]

“Shutdowns create tremendous amount of uncertainty for federal workers and local economies,” said @RachelSnyderman from @BPC_Bipartisan, adding these shutdown plans provide insight into who shows up to work with or without pay, and who is furloughed.
“There is no substitute for how the government would operate in a shutdown without the visibility that these plans provide,” said Snyderman, a former OMB career staffer.

[The Concord Coalition @ConcordC]

Congress faces a looming funding deadline and health care is on the line. As @RachelSnyderman noted on Facing the Future, if pandemic-era tax credits expire, premiums could rise nationwide, making health care a key 2026 election issue.🎙️: https://t.co/43frRQWVTr

[NPC Journalism Institute @NPCInstitute]

Join us next week for an overview of the "Big Beautiful Bill" to kick off our virtual briefing series with @BPC_Bipartisan.

@RachelSnyderman & @ThorningMichael will guide journalists through the law to inform ongoing coverage of its impacts.
https://t.co/vCUFyYciYO

[Margaret Spellings @MSpellingsBPC]

💸 This week, @BPC_Bipartisan is diving into the future of #SocialSecurity and #retirement.

Without action, the main Social Security trust fund runs dry by 2033—putting benefits and our economy at risk.

But there's a bipartisan path forward.

Follow along this week to see how BPC is working to strengthen Social Security for future generations.

[Andrew Lautz @andrew_lautz]

I helped @ashhwu, @christinezhang, and the @nytgraphics team on this interactive quiz for folks to understand how the One Big Beautiful Bill Act affects them.

I love these tools bc they help people grasp the impact of big laws like this.

Check it out:

https://t.co/UyxXzfcOrq

[Bipartisan Policy Center @BPC_Bipartisan]

Why should you care about our #NationalDebt? Watch this video to learn just how big $36 trillion is—and why it’s making your life more expensive. Together, we can begin to confront this challenge ➡️ https://t.co/Ys0pzr6w6H

[Bipartisan Policy Center @BPC_Bipartisan]

🚨 NEW: We now project the #DebtLimit X Date will likely fall between Aug 15 and Oct 3—possibly during Congress’s August recess.

The time to act is now. Default isn’t an option. Read more about the #XDate from @ShaiAkabas and our experts ⬇️

https://t.co/irs9DfBct5

[Rachel Snyderman @RachelSnyderman]

Glad to be included in this great work from the @Reuters team. It’s hard to overstate the growing burden int payments are for the federal budget & ultimately every American. I am a broken record on this, but policymakers need to make a plan to address our fiscal health.

[Reuters @Reuters]

Musk said he was chainsawing government spending. It was more like a trim https://t.co/m638cB5zod https://t.co/m638cB5zod

[Bipartisan Policy Center @BPC_Bipartisan]

📈Today's @USTreasury data is the biggest indication yet that President Trump's #tariffs have kicked in.

BPC has been monitoring revenue impacts of changing tariffs daily.

Read more about #tariff revenue and explore the data: https://t.co/oYMFbMdGmJ

[Shai Akabas @ShaiAkabas]

Wow, this is alarming and ought to give further pause on any legislation that worsens deficits. Also speaks to urgency of action on -- and more importantly, de-risking of -- the debt limit. If we don't address these challenges soon on our own, the markets will force our hand

[Rachel Snyderman @RachelSnyderman]

(This is a joke! Even Andrew doesn’t write tax explainers from vacation.)

[Rachel Snyderman @RachelSnyderman]

@andrew_lautz loves tax so much, he’s writing explainers from his vacation. Check out our latest on which states benefit most from #SALT deductions. 👇 @BPC_Bipartisan

https://t.co/bIsJOwkPnv