Rohit Kumar

Now: Dad to KCK, @hilonthehill lesser half, Co-Lead @PwCTax DC National Tax Office. Before: Dep. CoS @SenateMajLdr, @UVALaw, @DukeU. Follower of Occam’s razor.

[Rohit Kumar @rokumar1918]

A simpler time . . . and this was the 2012 Fiscal Cliff which didn't seem simple at the time.

[Rohit Kumar @rokumar1918]

Few can out wonk @ChadBown when it comes to trade policy. He literally wrote the book on how to win a trade war …

[Chad P. Bown @ChadBown]

Trump-Xi Summit

Thanks to @JMathieuReports and @KaileyLeinz for the invitation to join @BloombergTV and for asking

IS THE U.S. PRESIDENT EQUIPPED TO WIN THIS TRADE WAR?

My answer...

[Rohit Kumar @rokumar1918]

Few can out wonk @ChadBown when it comes to trade policy. He literally wrote the book on how to win a trade war …

[Chad P. Bown @ChadBown]

Trump-Xi Summit

Thanks to @JMathieuReports and @KaileyLeinz for the invitation to join @BloombergTV and for asking

IS THE U.S. PRESIDENT EQUIPPED TO WIN THIS TRADE WAR?

My answer...

[Rohit Kumar @rokumar1918]

@George_A_Callas The move around committee would also require 60 votes (motion to discharge is debatable proposition). So even if 52 GOP senators were on board, would still be 8 short.

[Rohit Kumar @rokumar1918]

@DonFSchneider Would the third one (OBB being first) would have to wait until Oct 1st when the new FY begins?

[Rohit Kumar @rokumar1918]

The @PwCUS 2026 Tax Policy Outlook is out! It’s so good your loved ones will understand why your holiday gifts were delayed this year. Or get a jump start on Valentine’s Day if that’s your vibe — no wrong way to share the gift of tax policy insights!

https://t.co/JywPAMbeUT

[Rohit Kumar @rokumar1918]

@JamesWetzler9 @kpomerleau I suspect wasn’t an issue that surfaced in a timely way both based on my own conversations with taxpayers and also because a truly narrow fix, either by statute or reg, results in moving money forward from 2029 to 2025/26. In a ten year budget window that’s a $0 transaction.

[Rohit Kumar @rokumar1918]

@JamesWetzler9 @kpomerleau Just noting that even if JCT did account for it (let’s assume they did) you can only say it reflected intent if you also know it was affirmatively raised vs just baked into the number.

[Rohit Kumar @rokumar1918]

Happy to share that PwC tax policy team about to get a significant upgrade with the addition of a generational talent:

https://t.co/MnULrN2kJZ

[Rohit Kumar @rokumar1918]

@George_A_Callas Oh sorry. I will excuse myself now!

[Rohit Kumar @rokumar1918]

@George_A_Callas Doesn’t that acronym already exist from 2017: https://t.co/Bk2osL7A6z

[Rohit Kumar @rokumar1918]

@RichardRubinDC This feels like a classic "there is only one way to find out" situation. Under the circumstances, I think I can live a full and complete life without being sure about the answer (and to really know the answer might be inconsistent with a full and complete life).

[Rohit Kumar @rokumar1918]

@RichardRubinDC Just seeing this and now wondering which one?

[Rohit Kumar @rokumar1918]

@LauraEWeiss16 @RepArrington Which baseline is being used for the "adds to the national debt" measurement. By one baseline, it's entirely doable. By another baseline, it would be, uh, let's call it "challenging" ... in the same that it would be "challenging" for me to dunk over @KingJames.

[Rohit Kumar @rokumar1918]

The Senate amended the House Budget resolution early Saturday morning. If you’re wondering what does it mean, where do we go from here and what is the sound of one hand clapping, the @PwC tax policy team has answers to (most of) those questions right here: https://t.co/RuMBmlCmkN

[Rohit Kumar @rokumar1918]

@ben_guggenheim @politico No House member ever got into electoral trouble for dumping on the Senate (much to my prior frustration), but this is really a disagreement with the White House and that’s a much bigger fight to pick.

No idea how this debate gets resolved, but it is a literal $4.5T question.

[Rohit Kumar @rokumar1918]

@AlexParkerDC And also depending on duration of extension of expiring provisions.

[Rohit Kumar @rokumar1918]

@JakeSherman Whether the tax instruction provides room for campaign tax items depends entirely on duration of the extension of expiring provisions. For example, if the expiring items only extended for 7 years then there’s plenty of room for other stuff.

[Rohit Kumar @rokumar1918]

The House just passed a budget resolution that would set up the One Bill to Rule Them All, but the Senate passed a different version contemplating two bills - so what now?

The hottest of hot takes from the @PwCUS tax policy team right here, right now: https://t.co/xOz4U8Agzh

[Rohit Kumar @rokumar1918]

@LPDonovan @JHWeissmann In my lived experience, you can always over achieve on deficit reduction or under achieve on deficit increase - depending on the nature of the instruction (but not the inverse of either).

[Rohit Kumar @rokumar1918]

In the umpteen years I have been working the tax policy beat, I can’t ever recall corporate tax issues, let alone int’l corporate tax issues, rising to a Day 1 level of attention for a new Administration.

Here’s our take on what it all means: https://t.co/NJOZWSxBmS