Kimberly Clausing
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kclausing.bsky.social
Kimberly Clausing
@kclausing.bsky.social

Economist; Professor @law.ucla.edu; senior fellow @piie.com; former tax DAS at Treasury; Author, Open: The Progressive Case for Free Trade, Immigration, and Global Capital

Kimberly Clausing is an American economist. She is the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law and a nonresident senior fellow at the Peterson Institute for International Economics. From 2021 to 2022, she was the deputy assistant secretary for tax analysis at the United States Department of the Treasury. Clausing is known for her work on international trade and tax policy, particularly the taxation of multinational corporations. .. more

Economics 51%
Business 36%

We need more conversations across the divide, and I can think of no better person to further these conversations than Secretary Buttigieg.

Pete Returns to Fox News youtu.be/c000vQXggH4?...
Pete Returns to Fox News
YouTube video by Pete Buttigieg
youtu.be
Thank you to everyone who demanded freedom for Liam. We won’t stop until all children and families are home.

For those of you wondering how to help those in Minneapolis St Paul, an excellent list of resources is here, including both food support and legal assistance groups.

mspmag.com/arts-and-cul...
Ways to Support Minnesota’s Immigrant Communities as ICE Activity Escalates
Food drives, fundraisers, trainings, restaurant specials, and other resources to support immigrant communities during ICE's massive Operation Metro Surge.
mspmag.com
They shot Renee Good in the face.
They kidnapped Liam Ramos.
They just executed a man on the street.

Unmask them. Prosecute them. No more secret police.
In 2022 we gave the IRS $80 bn. When Rs took the House they made rescinding that $$ the price of funding the govt. In each funding bill enacted since, large chunks of that were pared back

Ds should do that for the ICE money from OBBBA. Paring back that $$ must be a prerequisite for funding the govt
This picture making the rounds on reddit, Columbia Heights. I'm not OK.

The economic consequences of President Trump have puzzled many, myself included. But many Trump policies make our economy weaker in the long run, even as they create short run disruption. An excellent read from @bencasselman.bsky.social in today's NYT (link follows).

www.nytimes.com/2026/01/20/b...
Trump’s First Year Could Have Lasting Economic Consequences
www.nytimes.com
Against the odds, Trump has succeeded in peacefully uniting the world. Unfortunately, he's uniting it against us.
This Pax (Ex) Americana era was illustrated Friday, as Canadian PM Mark Carney wrapped up a trip to China--the first by a Canadian PM in 8+ years. www.thebulwark.com/p/trump-maki...
Trump Is Making China Great Again
America’s friends and trading partners are running into the arms of our adversaries. What a mess.
www.thebulwark.com

Reposted by Simon Lester

Excellent piece on the silent acquiescence of the business community, from Robert Rubin in @wsj.com .

www.wsj.com/opinion/why-...
Opinion | Why Have Business Leaders Gone Silent?
Everyone is intimidated by President Trump, but we need to find the courage to stand up against abuses.
www.wsj.com
The Supremes just dropped their latest set of opinions. There's a bunch of them, but NO TARIFF DECISION.

We literally still have no idea whether the tariffs that have plunged the global economy (and politics!) into chaos were unconstitutional from Day One.
My thoughts on the latest attack on the Fed in
@nytopinion.nytimes.com.

So far it is backfiring--and for the same good reasons the Fed was made independent in the first place. www.nytimes.com/2026/01/12/o...
Opinion | Trump’s Attack on the Fed Is Already Backfiring
www.nytimes.com

A truly remarkable statement at an incredibly dispiriting time.
Some countries that have prosecuted or threatened to prosecute central bankers for the purpose of political intimidation or punishment for monetary policy decisions: Argentina, Russia, Turkey, Venezuela and Zimbabwe.
Attempting to criminalize the actions of an independent public servant, Fed Chair Jay Powell, for the sin of acting independently is an outrage. It's bad economics, bad politics, bad for the rule of law, bad for the public sector, bad for American credibility and bad for Americans.

Reposted by David H. Kaye, Olúfẹ́mi Táíwò, Brian Keegan , and 88 more

Video message from Federal Reserve Chair Jerome H. Powell:
www.youtube.com/watch?v=KckG...
www.federalreserve.gov/newsevents/s...
Statement by Federal Reserve Chair Jerome H. Powell
YouTube video by Federal Reserve
www.youtube.com
There had been a lot of chatter/hope/speculation that we would hear from the Supreme Court at 10am today on the legality of Trump's tariffs. But... they've only posted one opinion, and it ain't the tariff one.

Continue to be uncertain about whether the biggest cause of uncertainty will continue.

A good exercise to do prior to your year-end giving.

I support these three charities that work to alleviate global poverty (in reverse alphabetical order):

1. @unicefusa.org
2. @pih.org
3. www.givewell.org
This brilliant. I've experimented with making similar simulators before, but this from Giving What We Can is so well executed and needed right now... some perspective, and just how lucky we (some of us) are. #charity #wealth #redistribution #fairness #equity #equality
Birth Lottery
If you were reborn today, where would you land? And how would that change your life?
www.givingwhatwecan.org

The call for papers is out for this summer's IIPF (Intl. Institute of Public Finance) Congress, aptly titled "Public Finances in Turmoil".

And I'm honored to be delivering one of the keynote talks. Hope to see you in Lisbon!
The #IIPF2026 Call for Papers is out!
👉 www.iipf.org/papers/Call%...
Submit your public finance paper by Feb. 15, 2026.

Further information on the congress at www.iseg.ulisboa.pt/en/event/iipf/

Organizers at ISEG 👇 and Scientific Chairs Naomi Feldman and @dforemny.bsky.social

#EconConf #EconSky
iipf.org/cng.htm
The 82nd Annual Congress of the International Institute of Public Finance (@iipf.bsky.social) will be held at ISEG Lisbon, Portugal, from August 24-26, 2026. Local organization: António Afonso, José Alves and João Pereira dos Santos (all ISEG Lisbon).
The #IIPF2026 Call for Papers is out!
👉 www.iipf.org/papers/Call%...
Submit your public finance paper by Feb. 15, 2026.

Further information on the congress at www.iseg.ulisboa.pt/en/event/iipf/

Organizers at ISEG 👇 and Scientific Chairs Naomi Feldman and @dforemny.bsky.social

#EconConf #EconSky
iipf.org/cng.htm
The 82nd Annual Congress of the International Institute of Public Finance (@iipf.bsky.social) will be held at ISEG Lisbon, Portugal, from August 24-26, 2026. Local organization: António Afonso, José Alves and João Pereira dos Santos (all ISEG Lisbon).
The year before Trump took office, the US averaged +168,000 jobs per month.

It added just 119,000 jobs TOTAL in 7 months since Trump's tariffs began.

The unemployment rate just hit its highest level in 4+ years.

Even Trump's Chief of Staff admits his tariffs hurt our economy.
According to a new court filing, the Trump administration has a six-page list of banned words that Head Start locations are forbidden from using when describing their programs.
Among the censored words: "disability," "race," "women," "trauma," "Gulf of Mexico." Short thread with the full list. 🧵
NBER @nber.org · Dec 7
Households face annual costs of roughly $400–$900 from climate change—mainly from disasters, higher insurance, and energy costs—with lower-income families and certain regions hit disproportionately, from @kclausing.bsky.social, Knittel, and @cwolfram.bsky.social www.nber.org/papers/w34525

Excellent piece from @stanveuger.bsky.social and Clark Packard on why Congress must reclaim their clear authority over the power of the purse.

See Article 1 Section 8 of the US constitution.

This was also a theme of my recent testimony before HWM.
waysandmeans.house.gov/event/tax-su...
@kclausing.bsky.social testified to the US House Ways & Means Committee Subcommittee on Tax that the most direct way to promote global competitiveness for American businesses & workers is to remove the Trump Administration tariffs.
Read the full testimony:
Promoting Global Competitiveness for American Businesses and Workers
Chairman Kelly, Ranking Member Thompson, Members of the Committee: Thank you for inviting me to share my views on US global competitiveness. In my testimony today, I will make four key points that sha...
www.piie.com
"There is a sense from some in Switzerland that this was very close to corruption," 😲 www.ft.com/content/36c9...
Climate inaction is ALREADY a big expense affecting US households' costs. One of the biggest? The impact of climate-related natural disasters on housing costs. New post and research by @kclausing.bsky.social @knittelmit.bsky.social @cwolfram.bsky.social

legal-planet.org/2025/11/20/c...
Climate Inaction is an Affordability Problem - Legal Planet
This post is authored by UCLA Law’s Kimberly A. Clausing along with guest contributors Christopher R. Knittel and Catherine Wolfram. Many of us have seen large increases in our homeowner’s insurance p...
legal-planet.org

New blog post today on work with @knittelmit.bsky.social and @cwolfram.bsky.social.

Climate inaction is *already* a big expense affecting US households costs; the most important mechanism is the impact of climate-related natural disasters on housing costs.

legal-planet.org/2025/11/20/c...
Climate Inaction is an Affordability Problem - Legal Planet
This post is authored by UCLA Law’s Kimberly A. Clausing along with guest contributors Christopher R. Knittel and Catherine Wolfram. Many of us have seen large increases in our homeowner’s insurance p...
legal-planet.org