Rodrigo Morales Elcoro
@romoraleselcoro.bsky.social
Economista interesado en políticas públicas y obsesionado en la política de competencia.
¿Quién paga el Impuesto sobre la Nómina?
El proyecto de presupuesto de NL propone elevar la tasa del ISN del 3 al 4%
➡️El sector privado y el ejecutivo estatal asumen que el impacto recaerá en la empresa
➡️La evidencia empírica refuta esa hipótesis
Algunas reflexiones
1/
elnorte.com/quien-paga-e...
El proyecto de presupuesto de NL propone elevar la tasa del ISN del 3 al 4%
➡️El sector privado y el ejecutivo estatal asumen que el impacto recaerá en la empresa
➡️La evidencia empírica refuta esa hipótesis
Algunas reflexiones
1/
elnorte.com/quien-paga-e...
¿Quién paga el Impuesto sobre la Nómina?
Elevar la tasa del ISN tendría un impacto sobre el bienestar de trabajadores y consumidores y requiere de una discusión bien fundamentada.
elnorte.com
November 27, 2025 at 10:23 PM
¿Quién paga el Impuesto sobre la Nómina?
El proyecto de presupuesto de NL propone elevar la tasa del ISN del 3 al 4%
➡️El sector privado y el ejecutivo estatal asumen que el impacto recaerá en la empresa
➡️La evidencia empírica refuta esa hipótesis
Algunas reflexiones
1/
elnorte.com/quien-paga-e...
El proyecto de presupuesto de NL propone elevar la tasa del ISN del 3 al 4%
➡️El sector privado y el ejecutivo estatal asumen que el impacto recaerá en la empresa
➡️La evidencia empírica refuta esa hipótesis
Algunas reflexiones
1/
elnorte.com/quien-paga-e...
Trump v. James and Maurene Comey
"The greatest risk of putting the tenure of all federal employees at the whim of the president is not that he will fire them all; it’s that people like Ms. Comey will not seek out the work in the first place."
www.nytimes.com/2025/11/13/o...
"The greatest risk of putting the tenure of all federal employees at the whim of the president is not that he will fire them all; it’s that people like Ms. Comey will not seek out the work in the first place."
www.nytimes.com/2025/11/13/o...
Opinion | Trump v. James and Maurene Comey
www.nytimes.com
November 13, 2025 at 6:45 PM
Trump v. James and Maurene Comey
"The greatest risk of putting the tenure of all federal employees at the whim of the president is not that he will fire them all; it’s that people like Ms. Comey will not seek out the work in the first place."
www.nytimes.com/2025/11/13/o...
"The greatest risk of putting the tenure of all federal employees at the whim of the president is not that he will fire them all; it’s that people like Ms. Comey will not seek out the work in the first place."
www.nytimes.com/2025/11/13/o...
Fed Cuts Rates to Lowest Level Since 2022 but Casts Doubt on December Move www.nytimes.com/2025/10/29/b...
October 29, 2025 at 11:04 PM
Fed Cuts Rates to Lowest Level Since 2022 but Casts Doubt on December Move www.nytimes.com/2025/10/29/b...
"MORENA no tiene un proyecto para hacer de México un país moderno y con verdadera justicia social. Solo tienen un proyecto de poder."
www.elmundo.es/opinion/luce...
www.elmundo.es/opinion/luce...
Ernesto Zedillo: "Los nuevos autócratas juegan con las reglas de la democracia para destruirla"
El mismo mes que Ernesto Zedillo asumió la Presidencia de México, en diciembre de 1994, estalló en el país una grave crisis económica y financiera. Culminaba así un año...
www.elmundo.es
October 25, 2025 at 4:19 PM
"MORENA no tiene un proyecto para hacer de México un país moderno y con verdadera justicia social. Solo tienen un proyecto de poder."
www.elmundo.es/opinion/luce...
www.elmundo.es/opinion/luce...
Reflexiones relevantes y quizá incómodas
"The London Consensus is an exercise in assembling the best available evidence and ideas to foster dialogue and to develop a set of principles that can address the urgent political, social and economic tasks ahead"
press.lse.ac.uk/books/e/10.3...
"The London Consensus is an exercise in assembling the best available evidence and ideas to foster dialogue and to develop a set of principles that can address the urgent political, social and economic tasks ahead"
press.lse.ac.uk/books/e/10.3...
October 16, 2025 at 6:11 PM
Reflexiones relevantes y quizá incómodas
"The London Consensus is an exercise in assembling the best available evidence and ideas to foster dialogue and to develop a set of principles that can address the urgent political, social and economic tasks ahead"
press.lse.ac.uk/books/e/10.3...
"The London Consensus is an exercise in assembling the best available evidence and ideas to foster dialogue and to develop a set of principles that can address the urgent political, social and economic tasks ahead"
press.lse.ac.uk/books/e/10.3...
Reposted by Rodrigo Morales Elcoro
In his forthcoming book Shared Prosperity in a Fractured World, @drodrik.bsky.social offers new, practical approaches to confronting today’s most daunting global issues.
Out November 4. Preorder yours: press.princeton.edu/books/hardco...
Out November 4. Preorder yours: press.princeton.edu/books/hardco...
October 16, 2025 at 1:31 PM
In his forthcoming book Shared Prosperity in a Fractured World, @drodrik.bsky.social offers new, practical approaches to confronting today’s most daunting global issues.
Out November 4. Preorder yours: press.princeton.edu/books/hardco...
Out November 4. Preorder yours: press.princeton.edu/books/hardco...
The short-term order is designed to give the justices more time to review Trump’s emergency request to fire FTC commissioners
By itself, Roberts’ order does not signal whether Trump will ultimately win his appeal in Slaughter’s case
www.cnn.com/2025/09/08/p...
By itself, Roberts’ order does not signal whether Trump will ultimately win his appeal in Slaughter’s case
www.cnn.com/2025/09/08/p...
Supreme Court allows Trump to keep FTC commissioner off payroll for now | CNN Politics
Chief Justice John Roberts on Monday allowed President Donald Trump to remove a member of the Federal Trade Commission for now, a temporary win for the White House as it extends control over independe...
www.cnn.com
September 8, 2025 at 6:52 PM
The short-term order is designed to give the justices more time to review Trump’s emergency request to fire FTC commissioners
By itself, Roberts’ order does not signal whether Trump will ultimately win his appeal in Slaughter’s case
www.cnn.com/2025/09/08/p...
By itself, Roberts’ order does not signal whether Trump will ultimately win his appeal in Slaughter’s case
www.cnn.com/2025/09/08/p...
Why the world is watching RFK's fight with US health agency
➡️ La prueba más palpable de que el bienestar de la población, la eficacia de múltiples mandatos constitucionales y la seguridad del Estado requiere de órganos técnicos independientes de actores políticos
www.bbc.com/news/article...
➡️ La prueba más palpable de que el bienestar de la población, la eficacia de múltiples mandatos constitucionales y la seguridad del Estado requiere de órganos técnicos independientes de actores políticos
www.bbc.com/news/article...
Why the world is watching RFK's fight with US health agency
The US health secretary's plans could have a huge impact on health policy not just in the US, but across the globe.
www.bbc.com
September 7, 2025 at 12:07 AM
Why the world is watching RFK's fight with US health agency
➡️ La prueba más palpable de que el bienestar de la población, la eficacia de múltiples mandatos constitucionales y la seguridad del Estado requiere de órganos técnicos independientes de actores políticos
www.bbc.com/news/article...
➡️ La prueba más palpable de que el bienestar de la población, la eficacia de múltiples mandatos constitucionales y la seguridad del Estado requiere de órganos técnicos independientes de actores políticos
www.bbc.com/news/article...
They are not interested in honest, independent, nonpartisan review of the institution´s long run performance.
➡️They are interested in micro-managing the regulators for short term political gains…
➡️They are interested in micro-managing the regulators for short term political gains…
September 5, 2025 at 6:27 PM
They are not interested in honest, independent, nonpartisan review of the institution´s long run performance.
➡️They are interested in micro-managing the regulators for short term political gains…
➡️They are interested in micro-managing the regulators for short term political gains…
We Ran the C.D.C.: RFK Jr Is Endangering Every American’s Health www.nytimes.com/2025/09/01/o...
September 3, 2025 at 9:30 PM
We Ran the C.D.C.: RFK Jr Is Endangering Every American’s Health www.nytimes.com/2025/09/01/o...
“The government has no likelihood of success on appeal given controlling and directly on point Supreme Court precedent. A unanimous Supreme Court upheld the constitutionality of the FTC Act’s for-cause removal protection for Federal Trade Commissioners”
cyberscoop.com/court-rules-...
cyberscoop.com/court-rules-...
Court rules ‘fired’ FTC commissioners be reinstated — again
In a 2-1 decision, an appeals court upheld a 1935 Supreme Court precedent restricting the president’s ability to fire FTC commissioners.
cyberscoop.com
September 3, 2025 at 6:48 PM
“The government has no likelihood of success on appeal given controlling and directly on point Supreme Court precedent. A unanimous Supreme Court upheld the constitutionality of the FTC Act’s for-cause removal protection for Federal Trade Commissioners”
cyberscoop.com/court-rules-...
cyberscoop.com/court-rules-...
Judge Orders Google to Share Search Results to Help Resolve Monopoly www.nytimes.com/2025/09/02/t...
Judge Orders Google to Share Search Results to Help Resolve Monopoly
www.nytimes.com
September 2, 2025 at 9:25 PM
Judge Orders Google to Share Search Results to Help Resolve Monopoly www.nytimes.com/2025/09/02/t...
Del discurso de Powell a la remoción de Cook vía Javier Guzmán
➡️Una política monetaria supeditada a objetivos políticos elevaría las expectativas de inflación y afectaría al dólar, resultando en tasas de interés de largo plazo más elevadas
www.eluniversal.com.mx/opinion/javi...
➡️Una política monetaria supeditada a objetivos políticos elevaría las expectativas de inflación y afectaría al dólar, resultando en tasas de interés de largo plazo más elevadas
www.eluniversal.com.mx/opinion/javi...
Del discurso de Powell a la remoción de Cook | El Universal
www.eluniversal.com.mx
September 2, 2025 at 5:18 PM
Del discurso de Powell a la remoción de Cook vía Javier Guzmán
➡️Una política monetaria supeditada a objetivos políticos elevaría las expectativas de inflación y afectaría al dólar, resultando en tasas de interés de largo plazo más elevadas
www.eluniversal.com.mx/opinion/javi...
➡️Una política monetaria supeditada a objetivos políticos elevaría las expectativas de inflación y afectaría al dólar, resultando en tasas de interés de largo plazo más elevadas
www.eluniversal.com.mx/opinion/javi...
"La salida a esta disyuntiva es una reforma fiscal que le permita al gobierno mantener la salud de las finanzas públicas y aliviar las carencias en los servicios públicos...la asfixia presupuestaria amplifica carencias educativas, de salud e infraestructura pública"
www.reforma.com/2026-pueblo-...
www.reforma.com/2026-pueblo-...
2026: ¿pueblo o mercados?
En los próximos días el Gobierno Federal enviará al Congreso su propuesta de paquete económico para 2026. Esta propuesta incluye la Ley de Ingresos, la Miscelánea Fiscal, el Presupuesto de Egresos de ...
www.reforma.com
September 2, 2025 at 5:17 PM
"La salida a esta disyuntiva es una reforma fiscal que le permita al gobierno mantener la salud de las finanzas públicas y aliviar las carencias en los servicios públicos...la asfixia presupuestaria amplifica carencias educativas, de salud e infraestructura pública"
www.reforma.com/2026-pueblo-...
www.reforma.com/2026-pueblo-...
Autonomy allows the Fed to credibly commit to maintaining the value of the currency through low and stable inflation while resisting highly destabilizing demands like Trump’s recent insistence that it cut the federal funds interest rate from 4.38 to 1 %.
www.nytimes.com/2025/08/26/o...
www.nytimes.com/2025/08/26/o...
Opinion | What the Federal Reserve, Supreme Court and Senate Need to Do After Lisa Cook’s Firing
www.nytimes.com
August 27, 2025 at 7:48 PM
Autonomy allows the Fed to credibly commit to maintaining the value of the currency through low and stable inflation while resisting highly destabilizing demands like Trump’s recent insistence that it cut the federal funds interest rate from 4.38 to 1 %.
www.nytimes.com/2025/08/26/o...
www.nytimes.com/2025/08/26/o...
Trump says he is removing Fed Governor Cook
TRUMP: "...there is sufficient reason to believe that you may have made..."
➡️There goes the presumption of innocence…and the independence of the Federal Reserve Board
edition.cnn.com/2025/08/25/b...
TRUMP: "...there is sufficient reason to believe that you may have made..."
➡️There goes the presumption of innocence…and the independence of the Federal Reserve Board
edition.cnn.com/2025/08/25/b...
Trump says he has fired Fed governor Lisa Cook, escalating his battle against the central bank | CNN Business
President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first such instance in the central bank’s...
edition.cnn.com
August 26, 2025 at 12:50 AM
Trump says he is removing Fed Governor Cook
TRUMP: "...there is sufficient reason to believe that you may have made..."
➡️There goes the presumption of innocence…and the independence of the Federal Reserve Board
edition.cnn.com/2025/08/25/b...
TRUMP: "...there is sufficient reason to believe that you may have made..."
➡️There goes the presumption of innocence…and the independence of the Federal Reserve Board
edition.cnn.com/2025/08/25/b...
The 2nd Trump administration seemed poised to deliver on MAGA’s embrace of aggressive antitrust enforcement.
Those efforts have run headlong into power brokers with close ties to Trump who have snatched up lucrative assignments helping companies facing antitrust threats
www.wsj.com/us-news/law/...
Those efforts have run headlong into power brokers with close ties to Trump who have snatched up lucrative assignments helping companies facing antitrust threats
www.wsj.com/us-news/law/...
MAGA Antitrust Agenda Under Siege by Lobbyists Close to Trump
The administration’s populist promise to be tough on companies is clashing with influence campaigns.
www.wsj.com
August 23, 2025 at 7:14 PM
The 2nd Trump administration seemed poised to deliver on MAGA’s embrace of aggressive antitrust enforcement.
Those efforts have run headlong into power brokers with close ties to Trump who have snatched up lucrative assignments helping companies facing antitrust threats
www.wsj.com/us-news/law/...
Those efforts have run headlong into power brokers with close ties to Trump who have snatched up lucrative assignments helping companies facing antitrust threats
www.wsj.com/us-news/law/...
Rule of Law?
➡️Trump threatened to jail Bolton after he claimed Trump was woefully under-informed on matters of foreign policy and asked the leaders of Ukraine and China to help him win the 2020 election
edition.cnn.com/2025/08/22/p...
➡️Trump threatened to jail Bolton after he claimed Trump was woefully under-informed on matters of foreign policy and asked the leaders of Ukraine and China to help him win the 2020 election
edition.cnn.com/2025/08/22/p...
FBI conducts search at John Bolton’s home as part of resumed national security investigation | CNN Politics
The FBI conducted a court-authorized search at John Bolton’s home as part of a national security investigation into whether he disclosed classified information in his 2020 book, according to two peopl...
edition.cnn.com
August 22, 2025 at 2:29 PM
Rule of Law?
➡️Trump threatened to jail Bolton after he claimed Trump was woefully under-informed on matters of foreign policy and asked the leaders of Ukraine and China to help him win the 2020 election
edition.cnn.com/2025/08/22/p...
➡️Trump threatened to jail Bolton after he claimed Trump was woefully under-informed on matters of foreign policy and asked the leaders of Ukraine and China to help him win the 2020 election
edition.cnn.com/2025/08/22/p...
Don’t make Zelensky the Beneš of 2025
"The circumstances may be different but the dynamics are similar: an aggressor is demanding part of his country as the price for peace and a foreign power is brokering the outcome."
www.telegraph.co.uk/opinion/2025...
"The circumstances may be different but the dynamics are similar: an aggressor is demanding part of his country as the price for peace and a foreign power is brokering the outcome."
www.telegraph.co.uk/opinion/2025...
Don’t make Zelensky the Beneš of 2025
When Czechoslovakia was dismembered in 1938 it did not end well. Let us not now make the same mistake in another European country
www.telegraph.co.uk
August 18, 2025 at 12:10 PM
Don’t make Zelensky the Beneš of 2025
"The circumstances may be different but the dynamics are similar: an aggressor is demanding part of his country as the price for peace and a foreign power is brokering the outcome."
www.telegraph.co.uk/opinion/2025...
"The circumstances may be different but the dynamics are similar: an aggressor is demanding part of his country as the price for peace and a foreign power is brokering the outcome."
www.telegraph.co.uk/opinion/2025...
Putin has agreed to robust security guarantees for Ukraine, US envoy says 🙄
Quote of the Day: “It is frankly a mistake of amateurs to believe you can gain the upper hand in a diplomatic negotiation” Henry Kissinger
www.bbc.com/news/live/ce...
Quote of the Day: “It is frankly a mistake of amateurs to believe you can gain the upper hand in a diplomatic negotiation” Henry Kissinger
www.bbc.com/news/live/ce...
Putin has agreed to 'robust' security guarantees for Ukraine, US envoy says - latest updates
Steve Witkoff describes the proposal as
www.bbc.com
August 17, 2025 at 3:10 PM
Putin has agreed to robust security guarantees for Ukraine, US envoy says 🙄
Quote of the Day: “It is frankly a mistake of amateurs to believe you can gain the upper hand in a diplomatic negotiation” Henry Kissinger
www.bbc.com/news/live/ce...
Quote of the Day: “It is frankly a mistake of amateurs to believe you can gain the upper hand in a diplomatic negotiation” Henry Kissinger
www.bbc.com/news/live/ce...
"Few people trust China’s economic data because they know the government serves the interests of the ruling Communist Party. Mr. Antoni will have to take off his MAGA hat if he wants to ensure that the public and markets can trust BLS data."
www.wsj.com/opinion/all-...
www.wsj.com/opinion/all-...
Opinion | All E.J. Antoni’s Labor Statistics
Does Trump’s nominee for BLS have a plan to make data more reliable?
www.wsj.com
August 15, 2025 at 12:07 AM
"Few people trust China’s economic data because they know the government serves the interests of the ruling Communist Party. Mr. Antoni will have to take off his MAGA hat if he wants to ensure that the public and markets can trust BLS data."
www.wsj.com/opinion/all-...
www.wsj.com/opinion/all-...
Really?
Border Patrol agents made a show of force Thursday outside a rally in Los Angeles where Gov. Gavin Newsom and Democrats were detailing their plans to redraw California’s congressional map.
Border Patrol swarms outside L.A. venue as Democrats outline House map plans
Immigration authorities show up outside a rally featuring Gov. Gavin Newsom and allies who want to redraw California’s congressional map.
www.washingtonpost.com
August 15, 2025 at 12:06 AM
Really?
How Trump's Budget Will Affect the Distribution of Resources Available to Households
➡️Not so beautiful for the poor
www.cbo.gov/interactive/...
➡️Not so beautiful for the poor
www.cbo.gov/interactive/...
August 11, 2025 at 7:52 PM
How Trump's Budget Will Affect the Distribution of Resources Available to Households
➡️Not so beautiful for the poor
www.cbo.gov/interactive/...
➡️Not so beautiful for the poor
www.cbo.gov/interactive/...
"Si queremos que los avances en ingreso sean sostenibles, necesitamos bases estructurales sólidas. La educación es, sin duda, una de sus columnas imprescindibles."
www.eleconomista.com.mx/opinion/desi...
www.eleconomista.com.mx/opinion/desi...
Desigualdad educativa persistente
La reducción de la movilidad educativa y el acceso desigual a estudios profesionales, agravada por la redistribución regresiva de transferencias,
www.eleconomista.com.mx
August 11, 2025 at 5:10 PM
"Si queremos que los avances en ingreso sean sostenibles, necesitamos bases estructurales sólidas. La educación es, sin duda, una de sus columnas imprescindibles."
www.eleconomista.com.mx/opinion/desi...
www.eleconomista.com.mx/opinion/desi...