Numbers wizard for @SenateBudget: tax nerd, budget wonk. Formerly at @BudgetHawks & @MoneyInPolitics. In DC for now, permanent Montanan. Thoughts are my own.
@STAYselling_JJ@theobjectivist The whole explanation was wrong, btw. A couple making $300k pays Social Security tax on all their wages already. Bernie doesn't increase their taxes at all, but does increase their benefits by $4,800/year, plus avoids a ~25% benefit cut in 6 years.
@theobjectivist This is incorrect. Sanders' plan does not impose any additional taxes until earnings are more than $250,000 per person. The couple in your example pays no additional taxes and receives an extra $4,800 per year in Social Security benefits from the Sanders plan.
@AnkurGoel@JHWeissmann The law also says that people are entitled to full benefits. CBO is required to assume that in the baseline. CBO's baseline is more useful this way than if it assumed a 33% highway cut in 2 years that's never happened
@SeanTrende This isn't quite true. If you eliminate the cap and allow higher benefits using the current formula, you still close about half of the program's 75-year shortfall https://t.co/YIWzxrS0df
Sen. Merkley says immigration enforcement agencies are still sitting on $95 billion from the OBBB in addition to the $70 billion immigration enforcement bill just passed
"Of the $75 billion provided to ICE in OBBBA, $62 billion remain. The Secure America Act provided another $38.5 billion.
Of the $65 billion provided to CBP in OBBBA, $33 billion remain. The Secure America Act provided another $26 billion"
To George and Laura, Bill and Hillary — we're grateful for your friendship, counsel, and devotion to this country. And to Joe and Jill, thank you for being on this journey with us.
Oct 2025: Trump — “100 percent by me and some friends of mine.”
Dec 2025: Trump — “We’re donating a building that’s approximately $400 million”
March 2026: Trump — “This is taxpayer-free. We have no taxpayer putting up 10 cents”
May 2026: Trump — “All of this is paid for by myself…We are making a gift. This is a gift. This is not going to be paid for by the taxpayer.”
Today: Over $300M from tax-paying families
A generation or two ago, it was common for presidents to refuse to enter the oval office without a suit coat (except rare moments like a heat wave or illness). They felt those hallowed grounds were too dignified for anything less. I liked that much better than whatever this is.👇
@JessicaBRiedl The Sanders proposal is more than just uncapping wages -- it's also imposing the tax on the Gingrich/Edwards passthroughs (currently not hit by the payroll tax) and capital income
@mredmond88 CBO thought it was (slightly) positive based on the daily statements. It wasn't until the monthly Treasury statement came out with more granularity that we learned it was instead slightly negative
ICE's annual appropriations prohibit this type of records destruction. But the ECM facility has been funded through annual Department of Defense funding and ICE's reconciliation funding, which do not carry this limitation. (2/3)
GAO just published a must-read report on East Camp, Montana, the 5,000-person ICE camp outside El Paso. The Army and ICE rushed to build this facility in 2025.
The report documents repeated financial waste and violations of ICE's own detention standards. Including a detainee homicide where the contractor destroyed evidence related to the event. (1/3)
Because Congressional Republicans chose to leave out the typical restrictions on ICE & CBP funding, this money can be used to shackle pregnant women and to destroy evidence of death or sexual assault in ICE/CBP facilities.
Why did Republicans leave out the typical restrictions?