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Jeff Stein Profile picture
@JStein_WaPo
Sep 12, 2020 • 4 tweets • 1 min read • Read on X
Have watched this like 10 times
Tfw your request has been denied Image
Extremely strange to come across this in between Eric Andre episodes
To be fair I’m now reading about Maine’s CMP corridor

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More from @JStein_WaPo

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
Jeff Stein Profile picture
May 23, 2023
SCOOP: Treasury asks US agencies if payments can made at a later date as deadline nears

Internal memo obtained by WaPo shows Treasury putting agencies on alert

Biden aides search for new ways to prolong X Date beyond existing measures, sources say

washingtonpost.com/business/2023/…
If Biden aides can find just a few days’ worth of extra cash, it is possible they can make it to June 15

Critical here: If they make it to June 15, a whole bunch of new tax revenue comes in — & they may be able to punt the deadline to July

Obviously not the preferred outcome
Despite the attention to legally novel arguments around the coin and 14A, there’s a key separate set of options - also likely controversial - to simply delay the x date rather than simply end the standoff as those ideas do

(Don’t you love the idea of doing this for longer?)
Read 6 tweets
Jeff Stein Profile picture
May 21, 2023
UPDATE: Negotiators have failed to make progress on debt ceiling talks despite looming June 3 wedding for reporter Jeff Stein’s wedding, per sources. (The impasse also threatens the stability of the global economy)
@POTUS @SecYellen @SpeakerMcCarthy @LeaderMcConnell @SenSchumer @RepJeffries ^^ you guys seeing this?
Wedding wedding
Read 4 tweets

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