Richard Rubin

Because this is my lot in life, I will note, again, that the US is a low-tax country.

“The challenge isn’t Opportunity Zones. The challenge is rural." Our look at how the new tax law is boosting incentives for developing low-income rural areas -- and whether it will work. wsj.com/politics/polic…

This 2022 CRS report suggested eliminating the ceiling would cost ~$6 billion per year. We've had rising home prices since then, but the share of primary residence transactions subject to the cap has historically been small. congress.gov/crs-product/RL…

CBO current policy (CP) score is useful for pattern. You see expanded tax cuts happen first (deficits up against CP by $597B in 26-29). Those expire and spending cuts come ($936B deficit reduction against CP in 30-34). Unless Congress extends "no tax on" & cancels spending cuts.

Billy Long has officially been sworn in as the Internal Revenue Service Commissioner by @epaleezeldin in the Oval Office! 🇺🇸

Yellen: I don't talk to Secretary Bessent. He has undone everything I worked on at Treasury. Bessent: "I couldn't even tell you what Secretary Yellen's China policy was, aside from consuming beer and mushrooms." via @bobdavis187 thewirechina.com/2025/07/18/jan…

Wait. Do what now? Seems like the "reject unnecessary cookies" option could have been chosen here?

NEW w/ @MHackman: A small but growing group of House Republican lawmakers is encouraging the Trump administration and other factions of their party to pivot toward addressing immigration policy inside the country now that President Trump has brought illegal border crossings to…