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Marc Goldwein Profile
Marc Goldwein

@MarcGoldwein

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Proud girl-dad. Nonpartisan budget wonk + econ prof. Tweeting less - on fiscal & economic policy & the world. Thoughts are 𝐦𝐲 𝐨𝐰𝐧! Blue check mark.

Washington, DC
Joined November 2011
Don't wanna be here? Send us removal request.
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@MarcGoldwein
Marc Goldwein
2 months
This was the last letter my grandfather received from his father, who was murdered in Auschwitz. #HolocaustMemorialDay
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@MarcGoldwein
Marc Goldwein
2 months
If Sadam has to ability to travel through time and space and still lost two Gulf Wars, that’s really on him.
@thedailyrabbit_
THE WHITE RABBIT
3 months
The truth about Iraq.
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@MarcGoldwein
Marc Goldwein
3 years
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@CortesSteve
Steve Cortes
3 years
Raise your hand if you want this plane landing in your town? America paid unimaginable costs in Afghanistan because of uniparty globalists who dominated the Bush & Obama administrations. No more…
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@MarcGoldwein
Marc Goldwein
2 years
Student debt cancellation will: ⚫️ Cost $400 to $600 billion ⚫️ Wipe out Inflation Reduction Act savings twice over ⚫️ Add up to a quarter point to inflation ⚫️ Benefit MDs, JDs, and MBAs ⚫️ Drive up tuition costs ⚫️ Increase risk or recession Great job, folks.
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@MarcGoldwein
Marc Goldwein
6 months
This you?
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@MarcGoldwein
Marc Goldwein
5 years
Q. Can you microwave a metal fork? A. Yes. The microwave is big enough to fit the fork, and will turn on with the fork in it if you hit the start button
@StephanieKelton
Stephanie Kelton
5 years
Q: Can we afford a #GreenNewDeal ? A: Yes. The federal government can afford to buy whatever is for sale in its own currency.
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@MarcGoldwein
Marc Goldwein
2 years
Hello, police: I'd like to report a felony chart crime.
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@MarcGoldwein
Marc Goldwein
8 months
Every $1 you cut IRS funding will lose about $2 of revenue. So that means this bill would add about $30 billion to the deficit.
@JakeSherman
Jake Sherman
8 months
NEWS w @bresreports -- HOUSE REPUBLICANS' Israel aid bill is out. It offsets $14.3 billion in Israel aid with $14.3 bllion in cuts to IRS from the Inflation Reduction Act. This offset will NEVER, EVER fly. Dems will reject it out of hand. Here's the bill:
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@MarcGoldwein
Marc Goldwein
2 years
1) Regressive 2) Expensive 3) Makes inflation worse 4) Drives Up Tuition 5) Totally Unfair 6) Leads to more bogus degree programs 7) Disproportionately benefits MDs & JDs making 6 figures 8) Does nothing for the 87% of people - disproportionately poorer - with no student debt
@ninaturner
Nina Turner
2 years
I still haven’t heard a reason against student debt cancelation that isn’t rooted in cruelty.
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@MarcGoldwein
Marc Goldwein
3 years
I very strongly support President Biden's call for a broad vaccine mandate, and think it takes real leadership to call for it. But I do think it's true that if Trump had proposed the same policy, most of left-twitter would be freaking out right now.
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@MarcGoldwein
Marc Goldwein
3 years
Sad to see he couldn’t turn his life around.
@washingtonpost
The Washington Post
3 years
A judge gave a drug dealer a second chance. Sixteen years later, he swore him in as a lawyer.
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@MarcGoldwein
Marc Goldwein
1 year
ANALYSIS - rescinding IRS funding will increase the deficit by 𝘄𝗲𝗹𝗹 𝗼𝘃𝗲𝗿 $𝟭𝟬𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, encourage tax cheating, and cut the tax enforcement budget well below what President Trump wanted.
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@MarcGoldwein
Marc Goldwein
3 years
Very misleading & dangerous. In this analysis, vaccines prevent ~80% of Delta infections (much larger share of sickness). That 80% CANNOT spread the virus. This is only about the other 20%, and even there it’s speculative. Getting vaccinated protects you and your community!
@nytimes
The New York Times
3 years
Breaking News: The Delta variant is as contagious as chickenpox and may be spread by vaccinated people as easily as the unvaccinated, an internal C.D.C. report said.
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@MarcGoldwein
Marc Goldwein
9 months
She’s Palestinian! If she hangs a Hamas flag, we can talk. Otherwise, lay off!
@reesejgorman
Reese Gorman
9 months
New: Rep. Rashida Tlaib still has a Palestinian flag hanging outside her House Office amid Hamas’ invasion of Israel. Story:
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@MarcGoldwein
Marc Goldwein
3 years
I’m sorry, but this refrain boils my blood. A family of 5 with *no* income loss will ultimately receive $17,000 to $25,000 from COVID relief bills. If one earner in that family lost their job, they may receive $50,000 to $100,000 (including state UI) plus health care.
@RoKhanna
Ro Khanna
3 years
A one-time $1,400 check is simply not enough to pay the bills. We’re one year into this pandemic, and many Americans are living paycheck to paycheck. Let’s pass $2k monthly checks.
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@MarcGoldwein
Marc Goldwein
4 years
In the federal budget system, the policy is made by two separate, yet equally important, committee staff: the tax staffers, who raise the money; and the health and retirement staffers, who spend it. These are their stories.
@thehill
The Hill
4 years
Patrick Dempsey to star in pilot for CBS political drama "Ways and Means"
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@MarcGoldwein
Marc Goldwein
3 years
🚨WOW🚨 Thanks to the SALT 🧂 cap increase, over two-thirds of millionaires will get a TAX CUT under Build Back Better.
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@MarcGoldwein
Marc Goldwein
3 years
This would be a $500 BILLION TAX CUT, with over $400 billion going to the top 5% of households. This is more than they are spending on ANYTHING ELSE in the bill. It's 2.5x as much as they are spending on child tax credit and EITC combined!
@JakeSherman
Jake Sherman
3 years
NEWS in @PunchbowlNews Midday: Democrats eyeing a 5-year SALT deductibility cap delay, per multiple sources. Final decision this afternoon. VERY TENTATIVE. More shortly in midday edition — out in the next 10 minutes. From @bresreports and me.
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@MarcGoldwein
Marc Goldwein
2 years
Cancelling student debt AND opposing new housing units. So progressive...
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@MarcGoldwein
Marc Goldwein
7 months
Obviously I sell partial rights to the $50 million to institutional investors at a discount and walk away with a guaranteed ~$20 million.
@DividendGrowth
Dividend Growth Investor
7 months
If you could choose only one button Which one do you choose and why?
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@MarcGoldwein
Marc Goldwein
2 years
Imagine paying for $10,000 of debt cancellation and an extended pause for mostly higher-income households with a flat 0.2% payroll tax on all workers, including those who didn’t go to college. That’s basically what the WH is discussing .
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@MarcGoldwein
Marc Goldwein
5 years
Revenue idea - what about a very tiny email tax - say .01 cents per sent email. For the typical person, this might mean a tax of a couple bucks per year. But it would put a price on email marketing, spamming, etc.
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@MarcGoldwein
Marc Goldwein
9 months
I wasn’t the biggest fan of how PPP was designed. But I find the inability to understand the difference between emergency business grants and after-the-fact student debt forgiveness either very cynical or very troubling.
@JoeBiden
Joe Biden
9 months
Some of the same Republicans in Congress who strongly opposed giving relief to students got hundreds of thousands of dollars of relief for themselves to keep their businesses open. I find this hypocrisy stunning.
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@MarcGoldwein
Marc Goldwein
2 years
Higher taxes reduce inflation and reduce recession risk.
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@MarcGoldwein
Marc Goldwein
8 months
@ImtiazMadmood This is true. But also, Palestinians live there now -- especially in Gaza, the West Bank, and East Jerusalem. And so there should be a Palestinian state. For the first time.
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@MarcGoldwein
Marc Goldwein
3 years
A typical unemployed workers will receive $35,000 over the course of a year (closer to $40k if they have a family) even if the Biden plan isn’t enacted.
@futuresdoors
Non-Voting Felon 🇦🇴
3 years
America has ppl begging for ONE $2k check, when Australia gave $24,000 in a year.
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@MarcGoldwein
Marc Goldwein
4 years
Black Lives Matter. No Human is Illegal. Love is Love. Women's Rights are Human Rights. The Wealthiest Americans Must Be Able to Deduct All of Their State & Local Taxes.
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@MarcGoldwein
Marc Goldwein
2 years
Stewart is incorrect here. In addition to the $277 billion of new funding, the bill reclassified $390 billion of EXISTING discretionary funding as mandatory. Here is the Congressional Budget Office:
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@jonstewart
Jon Stewart
2 years
A Message to and from Mister Senator Ted Cruz...Attorney at Law #PassthePactact
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@MarcGoldwein
Marc Goldwein
1 month
Meanwhile, this was the UN during a presentation on the sexual violence of October 7.
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@darrengrimes_
Darren Grimes
1 month
Kill 26,000 people, execute children and women in Iran, forcibly displace 7 million Syrians, fund and plan the October 7th genocide in Israel, support terrorists in Yemen, Gaza, and Iraq, and chant "death to America." Then, die in a helicopter crash, and the UN will stand for a
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@MarcGoldwein
Marc Goldwein
3 years
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@jbhenchman
Joe Bishop-Henchman 🗽💸⚖️🚆
3 years
WSJ has a bit more: Moderna wants to do a smaller 50cc dose to reach more people and have fewer side effects. FDA wants 100cc to reduce confusion from changing dosages and avoid wastage from discarding unused doses in a vial. Policy Qs not efficacy Qs.
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@MarcGoldwein
Marc Goldwein
9 months
So we're just making stuff up now, I guess.
@WhiteHouse
The White House
9 months
Guess what? It also grows the economy. Benefits everybody. Hurts nobody.
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@MarcGoldwein
Marc Goldwein
1 year
Folks who claimed inflation would last ~3 months and go away on its own are now declaring they were right because it lasts (at least) 20 months and seems to (hopefully) be fading after 400 basis points of rate hikes.
@paulkrugman
Paul Krugman
1 year
We'll get more data in the weeks ahead, but at this point the burden of proof lies on anyone claiming that we had more than a, well, transitory inflation spike that's mostly behind us 6/
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@MarcGoldwein
Marc Goldwein
2 years
Struggling borrowers in need of student debt cancellation and SALT cap relief.
@CA_Commissioner
Commissioner Vick 🌊🍸🃏
2 years
How would you describe the socioeconomic status of this neighborhood?
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@MarcGoldwein
Marc Goldwein
1 year
🚨HOLY MOLY🚨 Extending the 2017 tax cuts (TCJA) would add almost $𝟯.𝟱 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 to the debt.
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@MarcGoldwein
Marc Goldwein
2 years
Only 1/4 of student debt is paid by people in the bottom 60% of the income spectrum.
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@PramilaJayapal
Pramila Jayapal
2 years
Student debt cancellation is racial justice. Student debt cancellation is gender justice. Student debt cancellation is economic justice.
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@MarcGoldwein
Marc Goldwein
2 years
Hi Twitter, it’s me Marc Goldwein — the guy who has been screaming we are going to have/having high inflation for 14 months and pushing back against all the desperate “team transitory” arguments. Inflation is July was 0%.
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@MarcGoldwein
Marc Goldwein
4 years
Cheat sheet on who would get how much in $2,000 checks -
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@MarcGoldwein
Marc Goldwein
3 months
Huge red flag
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@msmaysunshine
May Sunshine ☀️💜
3 months
What's a book that is a red flag for you if you're on a date and someone says it's their favorite? For me it's Catcher in the Rye.
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@MarcGoldwein
Marc Goldwein
4 years
If you lost your job on April 1 and are helping to support a family of 5, you’ve gotten ~$22,000 of cash aid.
@RBReich
Robert Reich
4 years
6 months. One $1200 stimulus check. If that doesn't convince you we need to flip the Senate, I don't know what will.
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@MarcGoldwein
Marc Goldwein
2 months
🚨Holy Moly🚨 We're on course to spend $𝟎.𝟗 𝐭𝐨 $𝟏.𝟒 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 on debt cancellation. That's more than we spent ALL higher education spending before 2020, and as much as we are on course to appropriate for TOTAL education over the next decade.
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@MarcGoldwein
Marc Goldwein
2 years
But you lived there the whole time!
@jameslavish
James Lavish
2 years
If you bought a home in the United States in the year 2000 for $250,000 cash and it is worth $433,000 today, you did not actually make any money. You just kept up with average inflation. And if you add in any cost of maintenance, you’ve actually lost money on the ‘investment’.
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@MarcGoldwein
Marc Goldwein
2 months
This kind of vigilante justice is totally unacceptable.
@visegrad24
Visegrád 24
2 months
The group of around 100 young Californian Jews and their allies continues to tear down the encampment at UCLA. The arrived on campus after a young Jewish girl was beaten unconscious by the pro-Hamas students and activists occupying campus grounds
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@MarcGoldwein
Marc Goldwein
3 years
@nytimes @nytimes - Please delete this tweet and fix the headline. It falsely implies all those who are vaccinated can spread COVID as much as unvaccinated. This is only true for small share of vaccinated w a breakthrough infection. This is wrong and dangerous - please remove. Cc @WHCOS
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@MarcGoldwein
Marc Goldwein
3 years
A 5-Year SALT cap repeal would be the LARGEST part of Build Back Better. Even just the part going to the top 5% would be. Budgeting is about values. Are these really our values?
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@MarcGoldwein
Marc Goldwein
2 years
The pause itself costs almost twice as much as the entire Pell Grant program. But while Pell Grants go to low- and middle-income undergraduate students, the debt pause disproportionately benefits high-income Americans with advanced degrees.
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@MarcGoldwein
Marc Goldwein
2 years
I'm just a simply country policy guy, but maybe the politicians should have been a little more worried about dumping $2 trillion into an economy that only faced a $400 billion output gap?
@chrislhayes
Chris Hayes
2 years
Yup. Basically the whole story: if prices don't come down, Democrats are completely, utterly hosed, no matter what else they do or what message they choose.
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@MarcGoldwein
Marc Goldwein
3 years
This is the money to help schools re-open this Spring or maybe next Fall. See anything suspicious?
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@MarcGoldwein
Marc Goldwein
1 year
Let’s be clear - the first line doesn’t describe the House bill, and the logic train from there is riddled with errors. Whoever wrote this must have bombed the LSAT.
@POTUS
President Biden
1 year
I hear House Republicans out on TV saying they would never vote to cut veterans’ benefits. In case there’s any confusion, I made a little chart that could help them out.
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@MarcGoldwein
Marc Goldwein
3 years
Literally her pinned tweet is a proposal to swap the $600 for $2000, not add $2000 to it
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@MarcGoldwein
Marc Goldwein
3 years
Tlaib’s proposal from last month literally strikes the $600 to replace it with $2000. By my math, $2000-$600=$1400
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@MarcGoldwein
Marc Goldwein
2 years
@mattyglesias I’m glad it’s a joke for u Matt and that you’re lucky enough to get access to great childcare, but for those who have to spend all day with their kids, it’s not funny. Hope you can have a little more empathy, especially today.
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@MarcGoldwein
Marc Goldwein
9 months
🧵𝐖𝐨𝐧𝐤-𝐓𝐡𝐫𝐞𝐚𝐝🧵 With interest rates at a 16-year high and surging, it’s a good time to talk what 𝐑 𝐯𝐞𝐫𝐬𝐮𝐬 𝐆 means for debt dynamics. In summary: ⦿ 𝐑<𝐆 improves debt sustainability ⦿ 𝐑<𝐆 doesn't guarantee sustainability ⦿ 𝐑>𝐆 now, so that's bad! 🧵
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@MarcGoldwein
Marc Goldwein
2 years
There is no justification for this extension. The unemployment rate is likely to be near the lowest in 50 years by May, and household balance sheets as strong as ever. Repayment pause costs more than Pell Grants and higher ed tax credits combined.
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@MarcGoldwein
Marc Goldwein
11 months
The average middle class family gets a 15 𝑑𝑜𝑙𝑙𝑎𝑟 tax cut from SALT cap repeal. You read that correctly! But don't worry, the top 1% gets $35,660 on average.
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@MarcGoldwein
Marc Goldwein
3 months
@kevinbaum013 1) we shouldn’t when it’s just for the sake of giving them cash – – – which is why we got a cut farm subsidies a lot 2) when we do, it should be to ensure adequate and stable food supply Same applies for student debt borrowers — subsidies make sense to help people afford college
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@MarcGoldwein
Marc Goldwein
2 years
@besttrousers @JeffBezos @LHSummers BBB was not “fully paid for” in any meaningful way, particularly not in the early years when inflation threat is greatest.
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@MarcGoldwein
Marc Goldwein
2 years
So there’s going to be like $500 billion of cancellation, isn’t there? If so, I. don’t want to hear another word about how this WH is using Fiscal policy to fight inflation.
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@MarcGoldwein
Marc Goldwein
7 years
Rumored "skinny repeal" is NOT reconciliation compliant. Needs $133b of on-budget savings (per AHCA), only has $78b.
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@MarcGoldwein
Marc Goldwein
4 years
Make this your legacy, @realDonaldTrump . Spend the next 2 months smoothing this process, explaining how safe and important these vaccines are to your followers, and passing federal aid to get us from now through when we're all vaccinated.
@realDonaldTrump
Donald J. Trump
4 years
Another Vaccine just announced. This time by Moderna, 95% effective. For those great “historians”, please remember that these great discoveries, which will end the China Plague, all took place on my watch!
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@MarcGoldwein
Marc Goldwein
2 years
Who do you think is better off? 1) a doctor making $250,000 per year with $200,000 of debt and $100,000 of investment. 2) A waitress making $40,000 a year with $2,000 in her bank account. On paper, the waitress is much wealthier.
@RoKhanna
Ro Khanna
2 years
The majority of student loans are held by those with zero, or negative household wealth. Imagine thinking canceling student debt is “elitist.”
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@MarcGoldwein
Marc Goldwein
2 years
The COVID job reallocation, via @katekgen / @BudgetHawks
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@MarcGoldwein
Marc Goldwein
5 years
After 3 days of review, I feel comfortable saying pretty definitively — no they didn’t.
@DLeonhardt
David Leonhardt
5 years
Last year, for the first time on record, the 400 wealthiest Americans paid a lower total tax rate than any other income group.
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@MarcGoldwein
Marc Goldwein
3 years
🚨NEW ANALYSIS🚨 -- Build Back Better might deliver a net TAX CUT to the rich in the first two years. A new @BudgetHawks analysis shows why SALT cap repeal could consume all the tax increases on the highest earners, and then some.
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@MarcGoldwein
Marc Goldwein
6 years
Fact check: SALT repeal has almost no direct effect on state finances. It just raises taxes on rich people IN those states - most of who will still get a net tax cut.
@NYGovCuomo
Archive: Governor Andrew Cuomo
6 years
New York, New Jersey and Connecticut are launching a coalition to sue the federal government to reverse the unjust tax law. We will not stand idly by as the federal government attacks the fiscal health of our states.
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@MarcGoldwein
Marc Goldwein
2 years
“So, why did so many forecasters, and I, get this so wrong? …I unfairly dismissed the most boring, Econ 101 explanation for why inflation happens: that there was too much money sloshing around for the amount of stuff the economy was able to produce.”
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@MarcGoldwein
Marc Goldwein
2 years
This guy needs to be fired
@FLSurgeonGen
Joseph A. Ladapo, MD, PhD
2 years
Parents, don’t hold your breath… CDC & FDA abandoned their posts. Keep sticking with your intuition and keep those COVID jabs away from your kids.
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@MarcGoldwein
Marc Goldwein
3 years
Reminder that this is exactly what happened last time there was a 50-50 Senate and Republican President.
@NormOrnstein
Norman Ornstein
3 years
Odds that Mitch McConnell would agree to even numbers on committees if there were a Republican president and a 50-50 chamber. ZERO
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@MarcGoldwein
Marc Goldwein
3 years
Less than 1% of the benefit will go to the middle class.
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@RepMalinowski
Archived: Rep. Tom Malinowski
3 years
Salt isn’t just for bagels! The SALT deduction provides real relief to middle class taxpayers in New Jersey and across the country. Tom is working on the bipartisan SALT caucus to restore this essential deduction for his constituents. #SummerOfSALT
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@MarcGoldwein
Marc Goldwein
30 days
🚨WHOA🚨 - The cost of extending the 2017 tax cuts is 𝟓𝟎 𝐩𝐞𝐫𝐜𝐞𝐧𝐭 𝐡𝐢𝐠𝐡𝐞𝐫 than originally believed. That's like a $1.2 trillion increase, and it's been growing every year!
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@MarcGoldwein
Marc Goldwein
7 years
JCT JUST ESTIMATED THE TAX BILL WILL INCREASE AVERAGE GROWTH BY LESS THAN 0.02% PER YEAR! 0⃣. 0⃣2⃣%! THAT'S WHY WE BLEW A $1.5 TRILLION HOLE IN DEFICIT? ARE YOU KIDDING ME.
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@MarcGoldwein
Marc Goldwein
2 years
I You are comparing inflation-adjusted wages to nominal prices, my man.
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@MarcGoldwein
Marc Goldwein
2 years
The true measure of any society can be found in how it treats its weakest doctors, lawyers, and MBAs
@thehill
The Hill
2 years
Psaki: Biden executive action on canceling some student debt "still on the table"
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@MarcGoldwein
Marc Goldwein
2 years
🚨ANALYSIS🚨 - If the @POTUS cancels student debt, it will wipe out virtually ALL of the fiscal and inflationary gains from the Inflation Reduction Act.
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@MarcGoldwein
Marc Goldwein
2 years
Adjusted for inflation, inflation is 0
@TheStalwart
Joe Weisenthal
2 years
Real Inflation is less than 2%
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@MarcGoldwein
Marc Goldwein
2 years
@tedfrank @realStevenWalk Seems unfair to trans women without uteruses or cis women who has hysterectomies
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@MarcGoldwein
Marc Goldwein
3 years
A two-year SALT cap repeal will cost more than TEN years of universal pre-k, or paid family leave. It will cost nearly as much as ten years of expanded EITC and child care credit credits. And it will cost more than making the current law CTC refundable permanently.
@RepJoshG
Rep Josh Gottheimer
3 years
I’m fighting tirelessly to ensure that the reconciliation bill includes a repeal of the SALT cap — to deliver a much-needed tax cut to hard-working middle class families across Northern New Jersey. The SALT cap has hurt New Jersey families for too long.
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@MarcGoldwein
Marc Goldwein
2 years
Bring on the “actually doctors and lawyers making over $250,000 a year are middle class”
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@MarcGoldwein
Marc Goldwein
2 years
I’m not sure who needs to hear this, but revenue increases — especially from cutting tax breaks — would help to fight inflation, slow interest rate growth, and reduce the risk of a recession.
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@MarcGoldwein
Marc Goldwein
2 months
For the cost of all this debt cancellation, we could have 𝒕𝒓𝒊𝒑𝒍𝒆𝒅 or perhaps 𝐪𝐮𝐚𝐝𝐫𝐮𝐩𝐥𝐞𝐝 Pell Grants. Instead, we're paying doctors, lawyers, and MBAs who already have their degrees!
@MarcGoldwein
Marc Goldwein
2 months
🚨Holy Moly🚨 We're on course to spend $𝟎.𝟗 𝐭𝐨 $𝟏.𝟒 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 on debt cancellation. That's more than we spent ALL higher education spending before 2020, and as much as we are on course to appropriate for TOTAL education over the next decade.
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@MarcGoldwein
Marc Goldwein
2 years
Politico does not say any of these people were hanging out, it only says they were at the same Christmas party. Even if they were hanging out, not clear to me what the story is….
@NoLieWithBTC
No Lie with Brian Tyler Cohen
2 years
Brett Kavanaugh was seen hanging out at a Republican party with Matt Gaetz, Sebastian Gorka, Sean Spicer, and Erik Prince, per @politico .
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@MarcGoldwein
Marc Goldwein
7 months
He's either lying or he's stupid. Either way, seems problematic that the head of the UN doesn't know about 30,000 dead Ukrainian civilians, the 300,000+ Syrian civilians who died, or the 400,000-600,000 Ethiopian deaths. These are all (rounded) UN numbers.
@UN_News_Centre
UN News
7 months
“We are witnessing a killing of civilians that is unparalleled and unprecedented in any conflict since I have been Secretary General”- UN chief @antonioguterres
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@MarcGoldwein
Marc Goldwein
3 years
I’m pretty confident you can’t raise the minimum wage through reconciliation, but I bet you could make wages below $15/hour non deductible for businesses.
@JoeBiden
Joe Biden
3 years
It’s long past time to raise the minimum wage, so hardworking people earn at least $15 an hour. I hope that Democratic control of the House and Senate will ensure prompt action to get it done.
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@MarcGoldwein
Marc Goldwein
2 years
Fun fact -- the Inflation Reduction Act will probably reduce net federal SPENDING by 2027 or so.
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@MarcGoldwein
Marc Goldwein
3 years
California is now running a $25 billion SURPLUS. Explain to me why we're sending than $41 billion more?
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@GavinNewsom
Gavin Newsom
3 years
NEW: CA is now projected to have $10.3 billion more than we projected in our #CABudget . That’s more support for our small businesses, vaccine administration, schools, and more.
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@MarcGoldwein
Marc Goldwein
5 years
1) Actual savings are closer to 6% of Medicare costs 2) Savings would REDUCE costs for beneficiaries, and mostly resemble those in Obama budgets & Obamacare 3) If people can't stomach these savings, no way they'll be able to stomach payment reductions required for #Medicare4All
@MotherJones
Mother Jones
5 years
Donald Trump just made it official: He wants to cut Medicare by 10%
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@MarcGoldwein
Marc Goldwein
9 months
Write the tax law you want and then enforce it. We should be funding the IRS so we can collect taxes as accurate as possible - enforcement shouldn’t be a tool for redistribution.
@tax
Bloomberg Tax
9 months
The IRS will “substantially” decrease audits on refundable tax credits that benefit low-income taxpayers in an effort to reduce racial disparities, the agency said.
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@MarcGoldwein
Marc Goldwein
6 months
Permitting reform, might’ve helped with this, just saying
@mj_lee
MJ Lee
6 months
President Biden has privately flashed impatience to his senior advisers, expressing deep frustration that he can’t show off physical construction of many projects that his signature legislative accomplishments will fund, sources say w/ @Kevinliptakcnn
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@MarcGoldwein
Marc Goldwein
2 years
If firms don’t raise prices in the face of constrained capacity and surging demand, the other option is shortages. Does that seem preferable to folks?
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@MarcGoldwein
Marc Goldwein
6 months
All it took was 2.5 years, 525 basis points worth of rate hikes, and a very small banking crisis for the elevated inflation that people said would disappear in a matter of months to likely but not certainly be behind us.
@StephanieKelton
Stephanie Kelton
6 months
What I predicted in July 2021 Did Congress think and act differently this time ? ✔️ Did inflation turn out to be transitory? ✔️ Did Big Fiscal deliver a robust recovery? ✔️ Did most everyone end up better off in the end? ✔️
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@MarcGoldwein
Marc Goldwein
4 years
All remote tv interviews are conducted with an earpiece. Thats how you talk to the interviewer...
@nomarquee
nuno marqes-nouri
4 years
#JoeBiden needs an ear piece to do short interviews where he says nothing.. #BernieSanders gives detailed policy based answers.. enough with the hiding and lying! #BidenDebateBernie
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@MarcGoldwein
Marc Goldwein
2 years
“Inflation” relative to a year earlier (YoY) fell from 9.1% in June to 8.5% in July. But inflation in the month of July is 0% because prices didn’t rise in July. This isn’t hard, people.
@DineshDSouza
Dinesh D'Souza
2 years
If inflation is at 8.5 percent in June and remains at 8.5 percent in July, it does NOT follow that the inflation rate for July is 0 percent. This is shameless prevarication!
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@MarcGoldwein
Marc Goldwein
4 years
Remember that time Democrats offered $2.2 trillion, Republicans offered $1.6 trillion, and they compromised at $0?
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@MarcGoldwein
Marc Goldwein
2 years
ANALYSIS: Even with the additional $10k for Pell recipients, the President's debt cancellation still mostly benefits higher earners. 𝟓𝟕 𝐭𝐨 𝟔𝟓 𝐩𝐞𝐫𝐜𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐰𝐢𝐥𝐥 𝐠𝐨 𝐭𝐨 𝐭𝐡𝐞 𝐭𝐨𝐩 𝐡𝐚𝐥𝐟 of the income spectrum.
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@MarcGoldwein
Marc Goldwein
2 months
Why would you say this publicity instead of convey to Israel privately? This undercuts their leverage in any hostage deal.
@JoshKraushaar
Josh Kraushaar
2 months
CNN's Biden interview: "Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah"
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@MarcGoldwein
Marc Goldwein
3 years
2-Year SALT cap repeal would send $300,000 to the average household at the top 0.01% of the income spectrum. How are we OK with this?
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@MarcGoldwein
Marc Goldwein
2 years
🚨ANALYSIS🚨 - The #InflationReductionAct would reduce deficits by almost $𝟮 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 over 2 decades. If ACA subsidies are extended, there is still over $1 trillion of deficit reduction. The savings come mainly from lower drug costs.
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@MarcGoldwein
Marc Goldwein
1 year
🚨WOW🚨 - Interest is on course to be the single largest government program: via @BudgetHawks
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@MarcGoldwein
Marc Goldwein
1 year
Just a reminder that this $100 billion/year tax cut overwhelmingly benefits the rich.
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@RepKatiePorter
Rep. Katie Porter
1 year
Californians shouldn't be taxed on money we don't have—a concept so basic it's been in our tax code since the beginning. This week, I helped relaunch the SALT Caucus, which will continue working to restore tax fairness for middle class families.
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@MarcGoldwein
Marc Goldwein
2 years
If you are one of the 290 million Americans that didn’t go to college, didn’t take debt, or paid back their student loans: Did you know the President took unilateral & possibly illegal action to send $400 billion to the 13% of Americans w students debt — mostly higher earners?
@WhiteHouse
The White House
2 years
If you are one of the 40 million Americans who could benefit from up to $20,000 in student debt relief: Did you know Republican officials are suing to prevent you from getting this relief? As @POTUS would say: it's ridiculous.
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@MarcGoldwein
Marc Goldwein
2 years
@mattyglesias They are clearly rich. The sticky bandits specifically targeted them for having the nicest house in the area.
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