Kimberly Clausing
@KClausing
Economist; Professor @UCLA_Law; sr fellow @PIIE; former tax DAS at Treasury; Author, Open: The Progressive Case for Free Trade, Immigration, and Global Capital
What a huge loss for @washingtonpost and her many readers. Hope @crampell continues her amazing journalism in some other forum.
Some professional news: After 11 years of columnizing at WaPo, I'm taking the buyout. This is my last column. It is my advice to any other lucky pundits who land a perch like this—11 principles I've aspired to, even if I haven't always achieved them: wapo.st/3TU2fGw
"Who paid for tax on tips and no tax on overtime?"
Lutnick: Who paid for tax on tips and no tax on overtime? Tariffs
Chair Powell has been one of the unsung heroes of the U.S. economy these past few years. He deserves better than this. So does our economy, which Trump is trying to turn into a Venezuela or a Turkey with his efforts to politicize the central bank.
yikes -- Powell shakes his head as Trump rips into him for the cost of Fed building renovations. Powell denies some of the claims Trump is making.
On the Japan so called deal (diktat?). Trump can win many fights, but one thing he cannot do is win fights against accounting identities. Trade deals, whatever they do, cannot, as claimed, simultaneously reduce the US current account deficit, and increase net capital flows to the…
JULY 29: @jasonfurman, Joshua D. Rauh, @KClausing, & Maurice Obstfeld discuss impacts of the One Big Beautiful Bill Act on the country's fiscal stance, the macroeconomy, & tax policy goals. Info & register: piie.com/events/2025/un…
Not really an overstatement to say that the test of a free society is whether or not comedians can make fun of the country's leader on TV without repurcussions.
To help create bolder climate action, @KClausing and her co-authors suggest a heavy industry climate coalition, allowing countries to join by committing to a carbon fee emissions-heavy industries coupled with a carbon border adjustment mechanism: bit.ly/46MFiN4
The globe is falling short of its necessary climate policy action, in part due to the reversal of US climate policy. To compensate, @KClausing and her co-authors suggest forming a heavy industry climate coalition to incentivize bolder climate policy: bit.ly/46MFiN4
It’s really … something … how much attention right now is going to a $9 billion budget cut after passage of a law projected to add +$3 trillion to the debt through tax cuts
Wrong. We can see the effects of tariffs on prices pretty clearly. Compare the change in prices across tariff-affected and unaffected industries. The reason we aren't seeing aggregate effects is the Federal Reserve is tightening monetary policy to keep prices stable.
It's almost like the economics profession doesn't fully understand tariffs
JULY 29: @jasonfurman, Joshua D. Rauh, @KClausing, and Maurice Obstfeld discuss impacts of the One Big Beautiful Bill Act on the country's fiscal stance, the macroeconomy, and tax policy goals. Register bit.ly/46Kaf4u
The devastating effects of these cuts are entirely preventable—and it’s not too late to reverse them.
An HIV doctor in Africa, whose work depends on USAID and PEPFAR, sends in a dispatch of the bleak situation now unfolding there thebulwark.com/p/a-religious-…
Protectionists actively seek to make your life worse nytimes.com/2025/07/13/bus…
Great business environment.
Be honest, nobody has a clue what the tariff rate is anymore... and we actually follow this stuff every day 🤣
Trump's tariff letters impose new import taxes that go into effect on August 1. But on July 31 the courts hear arguments about whether they're unconstitutional. It seems implausible that any country would strike a deal in the shadow of a tariff threat that is likely illegal.
The heroes at the Yale Budget Lab are calculating tariff faster than Trump can change them. Right now the tariff rate is up +15.6 %-pts to 18 percent, roughly ten times that of other industrialized nations, and the highest since 1934. budgetlab.yale.edu/research/state…
We run a surplus with Brazil. In case anyone was wondering whether there is even that (deeply misguided) rationale for the tariff. These tariffs are about holding countries, industries, and American consumers hostage to whims of a mercurial Administration.
Psycho letter to Brazil just dropped. 50 percent tariff.
Well, believable. But still unprincipled.
Unbelievable. After spending months saying current policy is how taxes should be scored, they’re now switching to current law to say it’s a $4.3 trillion tax cut No consistent usage, no ideological belief, just toggling on and off and on and off current policy for political gain