@ChuckCBPP
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Vice President of Federal Tax Policy at the Center on Budget and Policy Priorities.
Washington, DC
Joined May 2013
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Chuck Marr retweeted
(1/11) 🧵In my piece in today’s FT, I argue that the corporate tax is an excellent tool for taxing the same wealth that proponents of billionaires’ taxes (or the CA wealth tax) are reaching for. Link at end of thread.
Chuck Marr retweeted
It seems that Rubio's speech was likely written by Nate "die Fahne" Hochman
unpopularfront.news/p/the-gr…
Chuck Marr retweeted
I think these charts are worth keeping in mind at the same time.
1. When we're talking about the typical person, wealth is largely a lifecycle phenomenon.
2. When we're talking about wealth, the typical person is largely a rounding error.
Chuck Marr retweeted
Had a great conversation yesterday about small business with @omzidar @lilybatch and @amyhanauer .
We discussed tax cuts and below: how the wealthiest "small" businesses --auto dealers, beer distributors-- are often legally protected from competition and not "small" at all
Co-authors of the Everywhere Millionaire, @omzidar and Eric Zwick, explain how tax cuts intended to protect small businesses have created a new group of extremely wealthy small business owners.
So many great quotes/points in @riccoja paper. Even years into this, did a double take here on the 2/3:
"in 2027, the top 1 percent of tax units will receive $5.2 trillion, or 23 percent of all income—an amount roughly equal to the income received by the bottom two thirds"
New work from @The_Budget_Lab looking at:
(1) how much untaxed income there is at the top
(2) why much of that income would disappear if you tried to tax it
(3) how to redesign the tax code so that that (2) is less of a problem
budgetlab.yale.edu/research/…
Chuck Marr retweeted
I told you so.
Norway's controversial 2021–2024 reforms nearly doubled the tax on business wealth. Firms of affected owners did not invest less, and outmigration was limited to the very top, from @Mariusring nber.org/papers/w35854
Chuck Marr retweeted
A sign that people are not being "lifted" off SNAP: they're showing up to wait in the hours-long line at the overwhelmed local food pantry.
ALT Those forces have hit especially hard in areas that were already struggling economically, like West Virginia’s once-flourishing coal mining communities. The spike in gas costs means a 45-minute drive to the nearest grocery store can set residents back more than $15. And West Virginians who must comply with the new work requirements to receive food benefits are confronting a lack of jobs and training programs. Since last summer, about 24,000 people, including 8,000 children, have lost food stamps, according to the West Virginia Department of Human Services.
Food pantry workers on the front lines of feeding their neighbors say they're facing unprecedented challenges after cuts by the Trump administration. Demand is surging, while the amount of food they're getting from the federal government has fallen. nbcnews.com/news/us-news/wes…
Chuck Marr retweeted
This is such an important point. The laffer curve is not some fixed law of the universe, it depends heavily on how we structure the tax system itself.
Ending the step-up loophole by taxing gains at death is one of the most important tax policy changes we could make.
Chuck Marr retweeted
Really important piece from Roge Karma. Democrats must tackle pass-through income if they want to make the tax code fair. theatlantic.com/economy/2026…
Chuck Marr retweeted
Highly rec this @washingtonsun piece showing the harm that's done when the Admin illegally impounds funds & that the Admin often grossly mischaracterizes the public services it is halting, often in service of their relentless efforts to demonize immigrants.
Born and raised in El Paso, Texas, Alfonso Griego says a federally funded college success program was the key for him to move forward on the path to becoming a veterinarian for farm animals.
Now that program is one of dozens facing an uncertain future.
washingtonsun.com/immigratio…
Many good ones but shoutout for the sports gambling one -- feels like there is broad spectrum of people concerned about this issue
(6/8) We also suggest a menu of “sin” taxes and some other revenue buckets (returning some tax policy parameters to earlier levels, incremental individual capital tax measures). Altogether, the menu raises $15t, but we are under no illusion Congress will do all of this.
Chuck Marr retweeted
(4/8) The corporate tax is a better way to tax capital than many, since it doesn’t exempt foreigners, endowments, or retirement earnings. It can reach billionaires, respond to offshoring, and handle the challenge of taxing AI profits, regardless of how that turns out.
Chuck Marr retweeted
(3/8) Take the corporate tax. With a bit of redesign, it can fall cleanly on rents, be resilient in the face of tax competition challenges, and raise serious revenue in a fair and efficient manner. We suggest how, drawing on my recent Hamilton paper.
hamiltonproject.org/publicat…
Chuck Marr retweeted
This is low-hanging fruit. 👇🏿👇🏿👇🏿
Chuck Marr retweeted
This is a really valuable (and concerning) report. Over 50 companies:
1) paid the Trump Administration money and
2) received pardons/dismissed lawsuits or terminated consent orders protecting customers
Chuck Marr retweeted
September jobs data is out today, and CBPP's @gbenga_ajilore has the latest insights and analysis.
Chuck Marr retweeted
I’ve had the good fortune to talk to a case manager who helps Medicaid beneficiaries with serious health conditions access the care & supports they need. For several weeks, their time has been diverted trying to help people prepare to lose health coverage.
Chuck Marr retweeted
This includes refugees who the U.S. government brought here to protect them from persecution and victims of labor and sex trafficking we agreed to protect.
