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David Dayen Profile picture
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7 Oct, 5 tweets, 3 min read
Here's our lineup at @theprospect today (with 1 to come):

A long piece from @rkuttnerwrites about Biden's choices on trade and China, with some intelligence on who might be the next US trade rep prospect.org/economy/where-…
Biden has laid out a plan for economic nationalism that is unable to be carried out under the current global trade regime. What will he do about that? Who will run this policy?

prospect.org/economy/where-…
Interesting that Gary Gensler is getting mentioned for USTR in a Biden administration prospect.org/economy/where-…
Next up, an intraparty House race in San Diego (#CA53) between city council president Georgette Gómez and billionaire family scion Sara Jacobs is not all is what it seems.
prospect.org/politics/an-in…
And our friends at @revolvingdoorDC look at the Biden transition ethics pledge on lobbyists, and notes that the person enforcing the policy... was a shadow lobbyist

prospect.org/politics/biden…

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More from @ddayen

David Dayen Profile picture
8 Oct
I guess I missed this story when it came out but I lived this settlement fight and reported on it for 5 years and wrote a book about it, and I haven't found a single correct fact in here. theatlantic.com/politics/archi…
Against my better judgment I'll give an example. One scene says Eric Schneiderman got to be in the First Lady's box at the State of the Union & head of the mortgage fraud task force, because Harris turned it down. The text says Harris was in a hotel room, but not where.
Harris' hotel room was in *DC*, and she was there because SHE WANTED TO BE CHOSEN for the position Schneiderman got. There was a back and forth between the two, jockeying for position. Why else would she be in a hotel room and not at home?
Read 4 tweets
David Dayen Profile picture
6 Oct
Dude should have thought of that before he put Section 230 in a trade deal so now it can't be repealed or easily changed by him or anyone prospect.org/power/section-…
And every idiot dittohead screaming about social media bias should know that their guy Trump etched Section 230 into stone through the very globalist tactics he spent his 2016 campaign decrying
I don't like how Section 230 allows platforms to, for example, circumvent consumer product safety laws. But the Covid-infected moron running the country made this impossible to fix prospect.org/power/right-wa…
Read 4 tweets
David Dayen Profile picture
29 Sep
Just one example of how to fix the terrible inequities in the tax code so it doesn't privilege the rich comes from the source of Trump's audit: the $72.9 million refund for carryback losses. Why was that refund given, and THEN checked out?
As the Times notes, the Joint Committee on Taxation reviews every refund of over $2 million to individuals. Why do we GIVE THE REFUND first and then review it?
JCT could review and only release the funds afterward. Anyone entitled to a refund of over $2 million is highly unlikely to need that refund quickly.
Read 6 tweets
David Dayen Profile picture
27 Sep
The policy solution to #TrumpTaxReturns is to cap or ban carry-forward losses. Ordinary schlubs see parking meters reset, lest they get a break of 50 cents. For rich real estate developers the losses they conjure last forever. Easily fixed.
We have a tax code that is enormously favorable to real estate developers that can steal from their own companies and report dubious losses. Congress also has the ability to remedy that.
"He took advantage of a provision of the Great Recession bailout that allowed income from canceled debt to be completely deferred for five years, then spread out evenly over the next five"
Sadly #TrumpTaxReturns reflect the bipartisan mangling of the tax code to serve the rich
Read 6 tweets
David Dayen Profile picture
24 Sep
So this is "off the news" but a very important piece, I think, from Mara Kardas-Nelson about Georgetown, Texas. (1/)

prospect.org/environment/wh…
Georgetown went "100% green" several years ago, getting a lot of acclaim as a red town in a red state. What they actually did was buy a bunch of green credits through Texas's deregulated energy trading system.
prospect.org/environment/wh…
This locked in prices. They even bought excess energy that they thought they'd be able to sell back to the grid.
Then the fracking boom came. The trading stopped. Georgetown was stuck. And they're no longer 100% renewable. prospect.org/environment/wh…
Read 4 tweets
David Dayen Profile picture
22 Sep
So back in December, @JonWalkerDC wrote a piece for us showing that the threat to the Affordable Care Act from litigation before the Supreme Court could be neutralized with a one-line bill. Since that's more important than ever, we re-ran that today.

prospect.org/health/pelosi-…
The lawsuit says that if the individual mandate is $0 it's not a tax, therefore the whole bill must fall.
It's a dumb lawsuit.
But the solution is: repeal the individual mandate. No mandate, no lawsuit.
There's an active fight right now over the must-pass government funding bill. McConnell wants money for a farm bailout in it. Pelosi could demand this one-line rider go in, to save the ACA.
This could happen right now, but we've been arguing this since *December*
Read 6 tweets

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