Bob Greenstein
@bobgreensteindc.bsky.social
Visiting Fellow, @brookings.edu & @hamiltonproject.org; founder and president @centeronbudget.bsky.social 1981-2020
Reposted by Bob Greenstein
The lead tax GOP is pushing back, saying, “The rich will pay an even higher share of taxes under The One, Big, Beautiful Bill”
But share paid is a terrible metric. If you get rid of all taxes except for a dollar on Elon Musk, he’s now paying 100% of the share, but the system got way more regressive
But share paid is a terrible metric. If you get rid of all taxes except for a dollar on Elon Musk, he’s now paying 100% of the share, but the system got way more regressive
NEW FROM CBO: brutal distributional analysis of House GOP "Big Beautiful Bill"
On avg the bottom 30% of households get poorer under the GOP bill
Avg gets little - and are worse off if you include tariffs
This'd be the largest transfer of wealth from the poor to the rich in a single law in history
On avg the bottom 30% of households get poorer under the GOP bill
Avg gets little - and are worse off if you include tariffs
This'd be the largest transfer of wealth from the poor to the rich in a single law in history
June 12, 2025 at 7:50 PM
The lead tax GOP is pushing back, saying, “The rich will pay an even higher share of taxes under The One, Big, Beautiful Bill”
But share paid is a terrible metric. If you get rid of all taxes except for a dollar on Elon Musk, he’s now paying 100% of the share, but the system got way more regressive
But share paid is a terrible metric. If you get rid of all taxes except for a dollar on Elon Musk, he’s now paying 100% of the share, but the system got way more regressive
Reposted by Bob Greenstein
One more thing: While working on this, I read Bob Greenstein's masterful, sweeping history for the Hamilton Project of anti-poverty programs evolution since the 1970s. Absolute must-read, with important forward guidance as well.
www.hamiltonproject.org/wp-content/u...
www.hamiltonproject.org/wp-content/u...
www.hamiltonproject.org
June 12, 2025 at 1:00 PM
One more thing: While working on this, I read Bob Greenstein's masterful, sweeping history for the Hamilton Project of anti-poverty programs evolution since the 1970s. Absolute must-read, with important forward guidance as well.
www.hamiltonproject.org/wp-content/u...
www.hamiltonproject.org/wp-content/u...
Reposted by Bob Greenstein
...documenting what the program actually does for people, families, state budgets, and more. Today, we posted a longer version. To us, the Cogan oped is a revealing take on how, if you ignore evidence, you can justify these proposed cuts.
econjared.substack.com/p/the-conser...
econjared.substack.com/p/the-conser...
The Conservative Argument Against Medicaid Is That It Has Grown
With no regard for what it does.
econjared.substack.com
June 12, 2025 at 1:00 PM
...documenting what the program actually does for people, families, state budgets, and more. Today, we posted a longer version. To us, the Cogan oped is a revealing take on how, if you ignore evidence, you can justify these proposed cuts.
econjared.substack.com/p/the-conser...
econjared.substack.com/p/the-conser...
Reposted by Bob Greenstein
Yesterday, Hannah Katch and I had this letter to the ed in the WSJ, critiquing an oped by John Cogan arguing that Mcaid must be cut because it has grown. That's it. Zero reference to decades of quality research, much by folks up here...
www.wsj.com/opinion/what...
www.wsj.com/opinion/what...
Opinion | What if Medicaid Hadn’t Grown in the U.S.?
‘Mr. Cogan seems to think that simply by pointing out that more people are receiving benefits, it’s obvious that they must be cut.’
www.wsj.com
June 12, 2025 at 1:00 PM
Yesterday, Hannah Katch and I had this letter to the ed in the WSJ, critiquing an oped by John Cogan arguing that Mcaid must be cut because it has grown. That's it. Zero reference to decades of quality research, much by folks up here...
www.wsj.com/opinion/what...
www.wsj.com/opinion/what...
The Ways & Means proposals also would deny the CTC to 4.5 million children who are US citizens or legal permanent residents if either of their parents lacks a Social Security Number.
As this piece explains, the CTC expansion the House Ways & Means Cmte proposes would provide no CTC increase to millions of kids in low-income working families, with families in the bottom 20% by income getting just 2% of the new CTC benefits and families in top 20% getting nearly 10 times as much
Congress is facing a choice on the Child Tax Credit, @bobgreensteindc.bsky.social writes: Will they adopt lower-cost CTC changes that benefit children in low-income working families, or higher-cost changes that largely exclude them?
May 12, 2025 at 10:21 PM
The Ways & Means proposals also would deny the CTC to 4.5 million children who are US citizens or legal permanent residents if either of their parents lacks a Social Security Number.
As this piece explains, the CTC expansion the House Ways & Means Cmte proposes would provide no CTC increase to millions of kids in low-income working families, with families in the bottom 20% by income getting just 2% of the new CTC benefits and families in top 20% getting nearly 10 times as much
Congress is facing a choice on the Child Tax Credit, @bobgreensteindc.bsky.social writes: Will they adopt lower-cost CTC changes that benefit children in low-income working families, or higher-cost changes that largely exclude them?
Will the reconciliation bill’s Child Tax Credit changes leave out children in low-income working families? - The Hamilton Project
Lawmakers are considering a Child Tax Credit expansion that would primarily benefit higher-income families while continuing to exclude millions of children from the poorest working families.
www.hamiltonproject.org
May 12, 2025 at 10:18 PM
As this piece explains, the CTC expansion the House Ways & Means Cmte proposes would provide no CTC increase to millions of kids in low-income working families, with families in the bottom 20% by income getting just 2% of the new CTC benefits and families in top 20% getting nearly 10 times as much
The Trump budget cuts in program after program for people struggling to get by are unprecedented and far exceed the proposals from his 1st term, seen as Draconian then. Some specifics in the thread below.
May 2, 2025 at 9:25 PM
The Trump budget cuts in program after program for people struggling to get by are unprecedented and far exceed the proposals from his 1st term, seen as Draconian then. Some specifics in the thread below.
Reposted by Bob Greenstein
We just released a statement from @sharonparrott.bsky.social on the partial details of Pres. Trump's 2026 budget plan released today, which breaks his campaign promises by proposing cuts that would most hurt people struggling at the margins of a weakening economy: www.cbpp.org/press/statem...
Trump’s Budget Plan Continues Agenda of Hurting Those He Pledged to Help | Center on Budget and Policy Priorities
The Trump Administration’s partial budget plan released today is just its latest repudiation of the Trump campaign’s promises to help people struggling at the margins of the economy — an economy that ...
www.cbpp.org
May 2, 2025 at 8:03 PM
We just released a statement from @sharonparrott.bsky.social on the partial details of Pres. Trump's 2026 budget plan released today, which breaks his campaign promises by proposing cuts that would most hurt people struggling at the margins of a weakening economy: www.cbpp.org/press/statem...
People interested in the deep cuts about to emerge as part of the budget reconciliation bill may find this paper of particular interest.
How has the safety net changed, and where should policymakers go from here? In a new paper, @bobgreensteindc.bsky.social examines the evolution and effectiveness of the safety net and offers recommendations for future policy: www.hamiltonproject.org/publication/...
Changes in the safety net over recent decades and their impact - The Hamilton Project
This paper examines the U.S. safety net's evolution, effectiveness, and critiques.
www.hamiltonproject.org
May 1, 2025 at 8:15 PM
People interested in the deep cuts about to emerge as part of the budget reconciliation bill may find this paper of particular interest.