Reposted by Kyle Pomerleau
My American Enterprise Institute colleague @kylepomerleau.bsky.social and I respond to the Wall Street Journal’s defense of section 899 of the reconciliation bill, which would impose retaliatory taxes on inbound investment.
June 3, 2025 at 6:10 PM
My American Enterprise Institute colleague @kylepomerleau.bsky.social and I respond to the Wall Street Journal’s defense of section 899 of the reconciliation bill, which would impose retaliatory taxes on inbound investment.
Reposted by Kyle Pomerleau
A useful primer on the Section 899 changes in reconciliation (which would punish investors from Pillar II-compliant countries) by @stanveuger.bsky.social and @kylepomerleau.bsky.social. We don't always agree on international tax issues, but their analysis here is cogent and incredibly useful.
My American Enterprise Institute colleague @kylepomerleau.bsky.social and I respond to the Wall Street Journal’s defense of section 899 of the reconciliation bill, which would impose retaliatory taxes on inbound investment.
June 3, 2025 at 7:37 PM
A useful primer on the Section 899 changes in reconciliation (which would punish investors from Pillar II-compliant countries) by @stanveuger.bsky.social and @kylepomerleau.bsky.social. We don't always agree on international tax issues, but their analysis here is cogent and incredibly useful.
Reposted by Kyle Pomerleau
A crucial insight by @kylepomerleau.bsky.social and @stanveuger.bsky.social of AEI on the so-called "revenge tax":
It could undermine foreign investment just to have this law on the books, regardless of whether and how Treasury exercises its broad discretion.
It could undermine foreign investment just to have this law on the books, regardless of whether and how Treasury exercises its broad discretion.
June 4, 2025 at 9:53 PM
A crucial insight by @kylepomerleau.bsky.social and @stanveuger.bsky.social of AEI on the so-called "revenge tax":
It could undermine foreign investment just to have this law on the books, regardless of whether and how Treasury exercises its broad discretion.
It could undermine foreign investment just to have this law on the books, regardless of whether and how Treasury exercises its broad discretion.
It's been a while (it's hard to keep up with multiple social media platforms).
Here are a few recent blog posts:
1/
Here are a few recent blog posts:
1/
May 7, 2025 at 11:23 PM
It's been a while (it's hard to keep up with multiple social media platforms).
Here are a few recent blog posts:
1/
Here are a few recent blog posts:
1/
Reposted by Kyle Pomerleau
How do tariffs impact businesses, consumers, and the economy? And how will this administration's new policies affect the US? Join SPA's Project on Civic Dialogue as Mindy Herzfeld & @kylepomerleau.bsky.social break it all down.
📅 Tue, 4/8 🕒 4-6 PM ET📍 Kerwin 301
🔗american-spa.swoogo.com/pcdtariff
📅 Tue, 4/8 🕒 4-6 PM ET📍 Kerwin 301
🔗american-spa.swoogo.com/pcdtariff
March 31, 2025 at 4:03 PM
How do tariffs impact businesses, consumers, and the economy? And how will this administration's new policies affect the US? Join SPA's Project on Civic Dialogue as Mindy Herzfeld & @kylepomerleau.bsky.social break it all down.
📅 Tue, 4/8 🕒 4-6 PM ET📍 Kerwin 301
🔗american-spa.swoogo.com/pcdtariff
📅 Tue, 4/8 🕒 4-6 PM ET📍 Kerwin 301
🔗american-spa.swoogo.com/pcdtariff
New working paper: A Mandatory High Tax Exclusion for GILTI
I explore a reform that would reduce MNE profit shifting incentives without greatly increasing complexity and would raise either $68.5 or $72.9 billion over ten years.
www.aei.org/research-pro...
I explore a reform that would reduce MNE profit shifting incentives without greatly increasing complexity and would raise either $68.5 or $72.9 billion over ten years.
www.aei.org/research-pro...
www.aei.org
February 7, 2025 at 6:09 PM
New working paper: A Mandatory High Tax Exclusion for GILTI
I explore a reform that would reduce MNE profit shifting incentives without greatly increasing complexity and would raise either $68.5 or $72.9 billion over ten years.
www.aei.org/research-pro...
I explore a reform that would reduce MNE profit shifting incentives without greatly increasing complexity and would raise either $68.5 or $72.9 billion over ten years.
www.aei.org/research-pro...
Given the political costs of large, broad based tariffs and the quick push for a single bill, it seems increasingly likely we will see a clean-ish temporary extension.
The 2017 tax cuts alone cost $4-5T to extend over a decade. No Tax on Tips adds another $60-200B without considering behavioral effects. The only way this could be "made up for" with tariffs is 1) a 20% broad/60% China tariff without exceptions, 2) a less-than-10-year extension.
Trump endorses one giant reconciliation bill for
January 6, 2025 at 3:06 AM
Given the political costs of large, broad based tariffs and the quick push for a single bill, it seems increasingly likely we will see a clean-ish temporary extension.
Goods exemptions make no sense for climate policy, but for tariff policy, this is par for the course.
"Please tax my import competition, but please don't tax my inputs!"
www.eenews.net/articles/cas...
"Please tax my import competition, but please don't tax my inputs!"
www.eenews.net/articles/cas...
December 12, 2024 at 4:14 PM
Goods exemptions make no sense for climate policy, but for tariff policy, this is par for the course.
"Please tax my import competition, but please don't tax my inputs!"
www.eenews.net/articles/cas...
"Please tax my import competition, but please don't tax my inputs!"
www.eenews.net/articles/cas...
Reposted by Kyle Pomerleau
Good illustration of Trump's misunderstandings of bilateral trade deficits (at 1:15):
"We're subsidizing Canada to the tune of over $100 billion a year. We're subsidizing Mexico for almost $300 billion."
Yeah, that's just not how this works.
"We're subsidizing Canada to the tune of over $100 billion a year. We're subsidizing Mexico for almost $300 billion."
Yeah, that's just not how this works.
Trump says his proposed tariffs will ‘cost Americans nothing’ but he ‘can’t guarantee anything’
President-elect Donald Trump says he does not “believe” that American consumers will ultimately pay the price of his proposed tariffs during an exclusive interview with Meet the Press.
www.nbcnews.com
December 8, 2024 at 2:42 PM
Good illustration of Trump's misunderstandings of bilateral trade deficits (at 1:15):
"We're subsidizing Canada to the tune of over $100 billion a year. We're subsidizing Mexico for almost $300 billion."
Yeah, that's just not how this works.
"We're subsidizing Canada to the tune of over $100 billion a year. We're subsidizing Mexico for almost $300 billion."
Yeah, that's just not how this works.
I think a border adjustment would be good policy, but I think this strategy is too clever by half.
"It's actually protectionist, so Trump should love it" ended up killing it last time.
www.msn.com/en-us/money/...
"It's actually protectionist, so Trump should love it" ended up killing it last time.
www.msn.com/en-us/money/...
MSN
www.msn.com
December 6, 2024 at 1:41 AM
I think a border adjustment would be good policy, but I think this strategy is too clever by half.
"It's actually protectionist, so Trump should love it" ended up killing it last time.
www.msn.com/en-us/money/...
"It's actually protectionist, so Trump should love it" ended up killing it last time.
www.msn.com/en-us/money/...
Reposted by Kyle Pomerleau
One for the Bluesky tax policy wonks!! Really enjoyed helping out with this project last year: it's a bipartisan collaboration of scholars @ AEI and Brookings on how we can make taxation of wealthy Americans fairer, more efficient, and less distortionary. Ungated PDF: www.aei.org/wp-content/u...
December 2, 2024 at 8:52 PM
One for the Bluesky tax policy wonks!! Really enjoyed helping out with this project last year: it's a bipartisan collaboration of scholars @ AEI and Brookings on how we can make taxation of wealthy Americans fairer, more efficient, and less distortionary. Ungated PDF: www.aei.org/wp-content/u...
New paper with @billgale.bsky.social is no longer paywall'd:
Efficient and Equitable Income Taxation of the Affluent
We review 6 ways in which taxing high-income households impact economic efficiency.
www.aei.org/articles/eff...
Efficient and Equitable Income Taxation of the Affluent
We review 6 ways in which taxing high-income households impact economic efficiency.
www.aei.org/articles/eff...
www.aei.org
December 2, 2024 at 8:12 PM
New paper with @billgale.bsky.social is no longer paywall'd:
Efficient and Equitable Income Taxation of the Affluent
We review 6 ways in which taxing high-income households impact economic efficiency.
www.aei.org/articles/eff...
Efficient and Equitable Income Taxation of the Affluent
We review 6 ways in which taxing high-income households impact economic efficiency.
www.aei.org/articles/eff...
New, from me: Trump promised to raise taxes, but Biden and Congress could tie his hands
www.latimes.com/opinion/stor...
www.latimes.com/opinion/stor...
Opinion: Trump promised to raise taxes, but Biden and Congress could tie his hands
Americans will suffer if the incoming president adds tariffs as he says he will. Lawmakers should revoke that presidential power before he takes office.
www.latimes.com
December 2, 2024 at 7:45 PM
New, from me: Trump promised to raise taxes, but Biden and Congress could tie his hands
www.latimes.com/opinion/stor...
www.latimes.com/opinion/stor...
This is true!
But it doesn't change the fact that tariffs reduce real incomes, distort trade, etc.
But it doesn't change the fact that tariffs reduce real incomes, distort trade, etc.
".. During a radio interview Saturday .., Bessent said 'tariffs can’t be inflationary because if the price of one thing goes up -- unless you give people more money -- then they have less money to spend on the other thing, so there is no inflation.'"
@cnn.com
www.cnn.com/2024/11/25/b...
@cnn.com
www.cnn.com/2024/11/25/b...
‘Huge relief.’ CEOs exhale after Trump taps Scott Bessent to lead Treasury | CNN Business
Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will face almost immediate deadlines and pressures.
www.cnn.com
November 25, 2024 at 9:54 PM
This is true!
But it doesn't change the fact that tariffs reduce real incomes, distort trade, etc.
But it doesn't change the fact that tariffs reduce real incomes, distort trade, etc.
First post!
Today, I wrote about Trump's proposal to enact a 10% across-the-board tariff.
www.aei.org/economics/tr...
Today, I wrote about Trump's proposal to enact a 10% across-the-board tariff.
www.aei.org/economics/tr...
September 5, 2023 at 10:30 PM
First post!
Today, I wrote about Trump's proposal to enact a 10% across-the-board tariff.
www.aei.org/economics/tr...
Today, I wrote about Trump's proposal to enact a 10% across-the-board tariff.
www.aei.org/economics/tr...