Scott Hodge
@scottahodge
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Tax and Fiscal Policy Fellow at @Arnold_Ventures. šļøBMW track enthusiast and ā¾ Nats baseball
Washington, DC
Joined May 2010
Last week I was in Kyiv, #Ukraine, as a guest speaker at the Ukrainian Tax Reform & Anti-Corruption Summit. The goal of the Summit was to provide Ukrainian leaders with best practices on how to reform their tax system, strengthen the economy, and get their fiscal house in order.
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I was proud to be one of the expert speakers at the Money Show Masters Symposium today. Great program.
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Ouch. Unforced error.
In case there was any doubt about what the current mix of tariff hikes and tax cuts will do to the economy, it's close to a wash, netting about +0.4% on GDP over the long run before accounting for retaliation.
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It is time to revisit the need for the mortgage interest deduction. MID gets priced into the cost of homes making home ownership less affordable, especially in urban areas. Trump Canāt Ignore Our Housing Crisis by William A. Galston via @WSJopinion.
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Without a doubt the expensing provisions are the best elements of the OBBBA. Quite an achievement. š.
The One Big Beautiful Bill Act makes permanent one of the most pro-growth tax policies available: 100% bonus depreciation and R&D expensing permanent.
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Kudos to the Senate for voting to cancel funding for public broadcasting. If ever there was an anachronism in todayās world of streaming services, more than 1,700 television networks, 3.5 million podcasts, and endless entertainment options, NPR and PBS are Dodos.
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Great slogan. I love it. No, corporate welfare isn't socially responsible, nor is it fiscally responsible.
šCorporate welfare isn't socially responsibleš. That's the main point of a new report from @RichardMorrison and myself published today by @ceidotorg. In it, we propose a new way to think about interactions between governments & businesses in the name of "economic development."
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RT @TaxEDU_: Tax fact: The Rosetta Stone, our key to unlocking the meaning of hieroglyphics, was mostly a tax document that explained new tā¦.
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RT @Arnold_Ventures: āThere were many options that they could have taken to reduce the deficit impact of extending these tax cuts, but theyā¦.
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This is kind of like following a healthy workout in the gym with a beer and a cigarette.
One reason non-partisan estimates are finding the reconciliation bill won't do much for growth: higher debt from the bill swamps its pro-growth provisions. Interest ALONE on the add'l debt from the bill would almost outpace the cost of the bill's most pro-growth provisions.
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RT @Arnold_Ventures: Earlier this month, 37 House Republicans demanded that any additional tax cuts be matched with dollar-to-dollar spendiā¦.
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Well, this chart certainly debunks the rhetoric that OBBB is just giving tax cuts to millionaires and billionaires. It just won't stop the rhetoric.
Distributional look at OBBB, but by separating out TCJA. Here's share of taxes paid by income group under current law vs share of relief from TCJA and OBBB separately. TCJA mainly mirrored existing tax burden. OBBB tax policy is much more progressive.
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The Nationals announced a jersey sponsorship deal with AARP. This is the second ānonprofitā to sponsor a DC sports team following Northwest Federal CUās $7+million deal with the Commanders. Letās get real. If a "nonprofit" can afford to sponsor a sports team, it can pay income
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Reading @jessicabriedl's essay was cathartic but also a sad reminder of how far we've strayed from truly pro-growth tax policy.
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There is a lot to love about the Estonians, besides having the best tax system in the world.
The Estonians already spend more than 5% of GDP on defense. They want other allies to do so, writes @JillianKayM.
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Good call by the parliamentarian. Carveouts are bad and always lead to inequities and economic distortions. As it is, universities are perhaps the most tax-exempt sector in the US economy. Why?.
Exemptions for some religious schools must be removed from Republicansā plan to impose a major tax hike on some of the largest university endowments, the Senateās scorekeeper ruled early Friday.
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Spot on š. "You can spin your political base, but you cannot spin the economy or the bond market. Those two are unforgiving ā and eventually voters might be, too.". Republicans, quit blaming the CBO for those big, ugly numbers
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Must read from @JessicaBRiedl ."Yet rather than addressing their tax billās exorbitant cost and poor design, Republicans are instead shooting their own messenger.". Republicans, quit blaming the CBO for those big, ugly numbers
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