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Jeff Stein Profile picture
@JStein_WaPo
Aug 7, 2020 • 4 tweets • 2 min read • Read on X
NEW: White House looking at using leftover/unspent FEMA funds to pay unemployment benefits unilaterally, 2 ppl familiar say

No final decision made/things are in flux

Experts question how WH can legally pay UI benefits w/o Congress

@ericawerner @karoun
washingtonpost.com/us-policy/2020…
Believed to be tens of billions in hurricane relief money that has not been spent. Unclear if $ for Puerto Rico would be in the mix. White House has asked federal agencies to come up with lists of $ that could potentially be moved around for the executive orders
Have been informed that this is a House of Cards plot line but unsure what to do with that information
Sorry! @ericawerner & @rachaelmbade

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More from @JStein_WaPo

Jeff Stein Profile picture
Jul 25
NEW: THE STAGGERING RISE OF AMERICA'S GLOBAL ECONOMIC WARFARE

1st in a series

@federicacocco & I found:

1. ~1/3 of all nations on Earth now face some form of US sanctions. Huge increase from when mostly applied to Cuba & a handful of regimes

2. +*60%* of *all poor countries* are under US sanctions of some kind. Has become almost a reflex of US foreign policy

3. Sanctions have spawned multi-billion-dollar lobbying & influence industry, enriching former US officials who are hired by foreign countries & oligarchs

4. Sanctions have had devastating effects on innocent civilians. In Cuba, they've made critical medical supplies impossible to import. In Venezuela, they contributed to a financial collapse 3X greater than the US Great Depression. Syria faces its greatest humanitarian crisis this year after a decade civil war & sanctions.

5. Treasury staffers drafted a ~40 page plan aimed at reforming the sanctions process that was dramatically whittled down amid disagreements w/ State

6. OFAC is widely described as overwhelmed by tens of thousands of requests. WH officials have brainstormed sanctions scenarios w/ outside nonprofits

7. Biden has unleashed unprecedented volley of +6K sanctions in 2 years. Higher than even previously unprecedented rate of Trump.

“We don’t think about the collateral damage of sanctions the same way we think about the collateral damage of war ... But we should.”

More to come.

Read our first story here:

washingtonpost.com/business/inter…
@federicacocco Here's a partial list of all countries under some form of US sanctions, with an (somewhat admittedly/inherently subjective) attempt to categorize by severity: Image
SANCTIONS CRUSHED SYRIA’S ELITE.

SO THEY BUILT A ZOMBIE ECONOMY FUELED BY DRUGS.

Incredible reporting

Revealing in why sanctions have exploded: They are often applied in response to atrocities abroad. But what about second or third order impacts?

washingtonpost.com/national-secur…
Read 6 tweets
Jeff Stein Profile picture
Jul 16
Hearing A LOT of alarm today among GOP donors & Reaganite conservative types about JD Vance

On trade, taxes, unions, antitrust — he’s signaled sharp departure from traditional conservatism, despite venture capitalist roots

Now he’s heir apparent for the party, & Reaganites fear being shut out
Vance had troubled them by:

— Praising Biden FTC pick Lina Khan
— Suggesting openness to higher corporate taxes
— Backing Trump’s major tariffs & trade barriers
— Being tied to Oren Cass’s pro industrial & family policy group
— Visiting UAW picket line
OTOH plenty of reason to feel these fears are overstated

Vance has:
— Given no indication he’ll resist Trump plans on cutting corporate taxes & the rich, deregulating businesses
— Rejected PRO Act
— Signed Grover Norquist’s tax pledge
— Tied himself to billionaire Peter Thiel

As @MattBruenig says:Image
Read 4 tweets
Jeff Stein Profile picture
Feb 14
Had the pleasure ysd to meet Father Gary Wegner, who runs a Detroit soup kitchen

Wegner says demand is up ~80% over last yr w/ hunger rising nationally

“Jesus said blessed are the poor,” Wegner said. “Only in America do we put the modifier, ‘Blessed are the *deserving* poor’” Image
Johneka Austin, 42, a banquet server with 5 sons, saw her food stamps cut from $843 to $400-$500 as covid aid expiration hit ~1M Michiganders

She’s torn bw buying good groceries & Internet for her sons

Austin laughed when I asked whether the economy is good. “Nobody says that!” Image
Nate Standing, 31, right, was homeless & a drug addict for about 10 years. He said an extended treatment program made possible by covid aid allowed him to get sober — and eventually a job with Capuchin Soup Kitchen

But now he’s seeing a big increase in need, esp for families Image
Read 6 tweets
Jeff Stein Profile picture
Feb 7
Due largely to an unexpected surge in immigration, the U.S. economy will be about $7 trillion larger - & federal revenues about $1T bigger - the nonpartisan Congressional Budget Office said Wednesday
That impact is over 10 years, to be clear. It does not take into account any legislation that Congress may or may not approve
Here's the CBO statement cbo.gov/publication/59…
Image
Read 4 tweets
Jeff Stein Profile picture
Sep 11, 2023
New: Trump advisers looking at push to lower corporate tax rate to *15%,* per multiple sources

Strong interest in further lowering corporate rate

GOP's 2017 tax law lowered it from 35% to 21%

Ds see corporate tax cuts as Trump political kryptonite

washingtonpost.com/business/2023/…
Fueling the discussion here is Trump has proposed massively raising tariffs, w/ 10% duty on all imports

Debate they're having: Then what to do with potentially trillions in new revenue?

Discussions center on tax cuts, potentially corporate + individual

washingtonpost.com/business/2023/…
Newt Gingrich, former House speaker who remains Trump confidant, says Trump may propose converting tariff revenue into Alaska-dividend style payment to U.S. households.

(I find it very hard/impossible to see the GOP going along with this, which they would have to) Image
Read 4 tweets
Jeff Stein Profile picture
May 28, 2023
Summary of deal as I understand it:
— Debt ceiling raised 2 years
— Domestic programs frozen next year, up 1% ‘25. Inflation-adjusted cut
— Boosts defense, VA $
— Some tightening of work requirements on TANF, SNAP
— Energy permitting (details tbd)
— Claw back some new IRS $
Work requirement for food stamps moves from 50 to 54

Trying to get more clarity on tanf sorry I’m not sure will update when I learn more details
My understanding is the energy permitting changes are very minimal
Read 4 tweets

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