President Trump says the administration has found $300 billion in unspent money approved by Congress that they want to use for stimulus -- seems like he's saying it requires Congress' approval to use?
Trump says he's trying to use this money unilaterally but was told no: "I would like to use it without their permission but I guess I am not allowed to do that. I did ask that question."
The president says Congress just has to give "a very quick statement" (?) which would allow the White House to unilaterally put the $300 billion into the economy
Trump dangles using $300 billion unilaterally in response to question from @stevennelson10: "There's a theory I can do it without the approval but I'd rather get the approval so we have it."
I have heard for a few weeks now that there's a push among conservatives to get Trump to put more unused money via executive order into the economy -- but had not heard anything about as much as $300 billion being available

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More from @JStein_WaPo

23 Mar
Major Biden tax hikes eyed for next bill (not final) include:

- Corporate rate 21->28%
- Global min tax to 21%
- Top income rate to 39.6%
- End fossil fuel subsidies
- Tax investment gains > $1M as wage income
- Tax assets passed on at death

NO to SALT

washingtonpost.com/us-policy/2021…
Listen up folks: By “Major Biden tax hikes” I mean “significant” or “consequential” — not that Major Biden, who is a dog rather than a tax collector, will be deciding tax rates
Above is according to two White House sources on current planning but not final and we may not see details for a bit
Read 4 tweets
22 Mar
White House preps ~$3 trillion legislation w/ 2 big components:

1/ Infrastructure & clean energy.

Includes: Roads, highways, bridges, charging stations, climate resiliency, green R&D; $100B housing

2/ "Care economy" -

Includes: Pre-k; childcare; free community college
-- Overall price-tag may still change

-- Major prescription drug overhaul expected to be included (some version of Dems' HR3)

-- Look for major tax hikes as well

Confirming @jimtankersley scoop w/ a few new details, per 3 sources familiar

washingtonpost.com/us-policy/2021…
Upcoming White House package also expected to push for expanded child benefit through 2025, per people familiar. That would be in the second component of the bill.

washingtonpost.com/us-policy/2021…
Read 4 tweets
15 Mar
Hierarchy of news reporter tweet introductions, in descending order of value:

-- EXCLUSIVE:
-- SCOOP:
-- BREAKING:
-- NEWS:
-- NEW:
-- UPDATE:
-- JUST IN:
-- CORRECTION:
CORRECTION: "Scooplet" should come above "NEWS" but below "BREAKING"

OK revised list based on your helpful feedback -->

-- EXCLUSIVE:
-- SCOOP:
-- BREAKING:
--🚨🚨🚨
-- SCOOPLET:
-- !!!!:
-- NEWS:
-- NEW:
-- UPDATE:
-- JUST IN:
-- INBOX:
-- CORRECTION:
-- STANDBY FOR NEWS:
-- PERSONAL NEWS:
Read 4 tweets
11 Mar
This is the question we seem to be getting most frequently today. I've answered it before but worth answering again here, as well:
Another frequent question we're dealing with, and a potential problem for Democrats/the Biden administration to have to deal with -->
Read 4 tweets
11 Mar
Larry Kudlow, now at Fox Business, calls the Biden relief bill “LBJ Great Society to the 100th power”
Kudlow: “doesn’t this blow up the Clinton-Gingrich welfare reform and work requirements?”
“There’s nothing I can find in here that increases work requirements,” Kudlow says of the relief plan
Read 4 tweets
10 Mar
Your dogs and cats do not count for the new Child Tax Credit, as they are pets, not children
My reporting suggests this does not qualify for any of the relief provisions in the stimulus package, per multiple sources
My understanding is that the IRS might view this differently depending on the quality of the disguise

Read 4 tweets

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