Chye-Ching Huang
@dashching
Mostly (&first) on the other platform. ED @TaxLawCenterNYU @NYULaw Tax, law, budget, economy. US & NZ. Fmr Senior Director for Economic Policy @CenteronBudget
House-passed, etc.:
The Senate-passed bill weakens the tax system and makes it more regressive, complex, and gameable. Many of its tax cuts are complicated and wasteful tax breaks that dole out favors to specific industries and activities with little or no good policy reason.
Or, you know, barrel along to final passage hoping that it'll be easier for you to vote for the thing if you don't know or face what's in it. (It won't be easier for the people it hurts.)
THREAD Lawmakers are realizing “surprises,” “airdrops” &“mysteries” are buried in the bill. Time to take a beat: seems more important to know what's in a ~$5T bill than meet a fake deadline! Things worth $10s/100s of billions & people’s livelihoods & health aren’t “minutiae.”
We are excited to launch a project to remake federal tax administration. Effective tax administration is critical to the federal government, but has faced drastic challenges over the last six months.
This piece confirms grave risk to all taxpayers from DHS efforts to get its hands on legally protected IRS data, risking targeting of US citizens, mistaken arrests, and rampant violations of privacy rights and civil liberties
New: ProPublica has obtained the blueprint for the Trump administration's unprecedented plan to turn over IRS records to Homeland Security in order to speed up the agency's mass deportation efforts. propub.li/4lV6T2P
It's back. With a (bad) budget bill done, there's apparently a push to get the Trump administration to do what it rightly rejected in the first administration--and use executive authority to cut capital gains taxes. washingtonpost.com/business/2025/…