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.
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...
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...
@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.
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
@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.
@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.
@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).
@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.
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
@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.
@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.
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
@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).
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