Josh Barro Profile picture
10 Nov, 5 tweets, 2 min read
I think this is right. A lot of tax provisions in TCJA and CARES that Republicans care about are set to expire soon. This is likely to be a key driver of agreements on economic legislation in a divided government.
And here Kyle has a useful table of what expires when.
The key stuff that will come up in the short term is on business taxation: businesses will start to get less favorable tax treatment for capital investments, and GOP will want to improve that. This is business tax relief about which Dems are relatively comfortable, too.
(Dems' view is usually that corporate tax rate cuts are mostly just windfalls to owners of capital while tax benefits targeted at businesses that make capital investments at least encourage businesses to do things and grow. But the corporate tax rate cuts in TCJA are permanent.)
In the longer run, in 2025, there will be a reckoning over the expiration of most of the individual income tax changes in TCJA, including lower rates, higher standard deduction, and limits on itemized deductions. The stupid pass-through business benefit will expire then too.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Josh Barro

Josh Barro Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @jbarro

9 Nov
Some personal news: I am excited to announce that next month, I will rejoin @businessinsider as a columnist focusing on politics, business and the economy. I will also be doing analytical writing on topics like why infrastructure is so expensive in the US.
@businessinsider I first joined BI in 2013. It has been amazing to watch the site's successful growth and evolution under @hblodget and @nichcarlson, through several business cycles in online journalism.
They are making great hires and doing more essential coverage than ever (you probably noticed their string of politics scoops this year, for example) and I'm excited to be rejoining the expanded team.
Read 8 tweets
7 Nov
I kind of think Biden should just declare victory. He’s obviously won. There’s nothing in the constitution that says you have to wait for the Associated Press.
But I have also been fairly unbothered by Trump’s bloviating. People say things.
Anyway, I don’t get the idea that Biden needs to wait for “optics” or “norms.” Three months from now, nobody is going to care that Joe Biden didn’t wait for the AP to say he won the race he won.
Read 4 tweets
6 Nov
Genuinely having trouble deciding if this is true or not. I think it probably is. Of course, Biden also won.
I dunno, you could probably turn UBI and some of his other quirky ideas into powerful attack ad fodder.
On the other hand — if Joe Rogan had spent the election pulling for the Democrat, that probably would have been worth something with young secular men
Read 4 tweets
6 Nov
I see lots of you retweeting that insane thread from @pegobry. I’m disappointed, and you need to get a grip.
Of that looooooong thread, this is the only one that addresses any remotely specific claim of what fraud there might have been. And this is irrelevant! Biden is going to win PA by a clear margin before any late-arriving ballots are counted.
The conspiracy theory doesn’t make any sense. I was at a polling place all Tuesday. You’re gonna do this in front of dozens of people? Or by mail, each ballot has to attach to a registered voter. We saw in NC-9 how hard it is to get away with stealing mail votes on a small scale.
Read 7 tweets
5 Nov
In heavily Hispanic Lawrence, MA, Trump lost 74-25, an improvement from 82-15 last time. Another sign of Trump making inroads in Hispanic communities even as he continues to lose them overall.
Lawrence is 80% Hispanic or Latino
Significant improvement also on the south coast (New Bedford/Fall River) where there is a large Portuguese-American community.
Read 6 tweets
5 Nov
Lots of people who just witnessed a huge polling error are currently tweeting their analyses of the results based on exit polls that haven’t even been re-weighted to the result yet. We don’t know what share of white women voted for Trump or anything else of that sort.
It’s going to be months until we have good demographic data like this. Hold your takes.
There are things we can infer from precinct data — go ahead and say “Trump greatly improved his performance with Florida Cubans” — but precise numbers will have to wait.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!