Will McBride
@EconoWill
Chief Economist and Stephen J. Entin Fellow in Economics @TaxFoundation
Time to build that greenhouse I always wanted in the backyard. wsj.com/opinion/florid… via @WSJopinion
The world's fastest-growing software startup has booked $100 million in annualized revenue in just eight months by using AI to allow anyone to turn ideas into moneymaking websites and apps. forbes.com/sites/iainmart…
"Moody’s Raises Argentina’s Rating On Macroeconomic Reforms" wsj.com/economy/moodys… "Reforms, including reduced spending, have spurred investment, wage increases and credit availability"
Revisiting the Primary Cause of Fiscal Stress aei.org/health-care/re…
Fascinating snippet from @MrRBourne's latest in The Times. (1/5)
Another unexpected pro-growth result was the G7 agreement to exempt US companies from pillar 2 minimum tax, removing a nebulous compliance nightmare for US multinational companies. The agreement was apparently linked to the removal of the section 899 revenge tax in the bill.
This is the most unexpected pro-growth measure in the bill, from the perspective of the years leading up to this moment when structures investment was largely left out of the tax debate. Not perfect, should be much broader and permanent, but it’s a start.
This is the most unexpected pro-growth measure in the bill, from the perspective of the years leading up to this moment when structures investment was largely left out of the tax debate. Not perfect, should be much broader and permanent, but it’s a start.
Coolest OBBBA provision: temporary full expensing for some buildings. Normally, commercial buildings must be depreciated over 39 years—significantly raising the cost of capital. A temporary, limited reform isn’t perfect, but it lays the groundwork for broader progress.
Coolest OBBBA provision: temporary full expensing for some buildings. Normally, commercial buildings must be depreciated over 39 years—significantly raising the cost of capital. A temporary, limited reform isn’t perfect, but it lays the groundwork for broader progress.
OBBBA will bring about higher economic growth and higher debt and deficits. Read @TaxFoundation's analysis below.
New @TaxFoundation modeling of the Senate OBBBA (excluding the minor, last minute changes). Long-run GDP would be 1.2% higher but long-run debt-to-GDP would be 12.4pp higher, rising from 162.3% to 174.7%.
BREAKING: President Trump’s tax bill passes 218-214 2 GOP no votes
New op ed: take hyperbolic talking points on OBBB and split the difference.
‘Big, beautiful bill’ will raise both growth and deficits trib.al/tpSzvqO
New op ed: ‘Big, beautiful bill’ will raise both growth and deficits washingtonexaminer.com/restoring-amer… via @dcexaminer
A link to my paper on the macroeconomic effects of the BBB. It is not as Pollyannaish as the @CEA47 dynamic analysis, but is roughly consistent with other reasonable estimates. The results indicate crowding out is a problem. A little (ok, maybe a good bit) nip-and-tuck could make…
🚨WOW🚨 The Senate bill snuck a major new entitlement program into their bill that could cost tens or hundreds of billions of dollars. I guess they figured if they did it for only 2 years, no one would notice. crfb.org/blogs/senate-o…
Will the "Big Beautiful Bill" lead to an economic boom or just modestly higher growth?