THREAD ON BOB GREENSTEIN: 1/Yesterday was @GreensteinCBPP last day heading @CenterOnBudget after 40 years. There may not be anyone in Washington who has done more, year-by-year, over these decades to champion Medicaid, SNAP, EITC and to fight for those battling poverty.
2/ The weapons of influence deployed by Bob Greenstein and Center for Budget and Policy Priorities are not political power or campaign contributions but rigorous data, world class policy analysis and amazing perseverance on behalf of the lowest-income members of our nation
3/The greatest successes of @GreensteinCBPP & @CenterOnBudget were in shaping policy & rarely public. But they measure success not in terms of how much credit they get, but in the hundreds of billions in additional funds they have won for tens of millions of those most in need
4/ Leadership is never just about individual effort, but building sustainable institutions & movements that carry on. That's what Bob has done in his building of @CenterOnBudget as an institutional champion of the poor – that will carry on under leadership of Sharon Parrott.
5/ Bob Greenstein is a personal hero. He is a conscience of Washington. He is a national treasure.

Read more about Bob’s four decades of advocacy to fight poverty in Al Hunt’s excellent column in The Hill. thehill.com/opinion/financ…

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More from @genebsperling

29 Jun 20
THREAD: Any GOP idea that if the June job report (out Thursday, July 2) brings back another 2-3 million lost jobs we are out of the woods and don’t need another major fiscal package for state/local relief, unemployment is just absurd. Let me count the ways.
2/ First, economists like Moody's Mark Zandi – see the “corrected” unemployment rate now (including classification errors & labor disruption)as 19.2%. Its 16.3% just w/ must classification error. Anyway you cut it; unemployment will be at 80 year highs after the June report.
3/Second, because the June jobs report is based on samples from the week of June 8, it may miss the slowing due to the clear spike in COVID. Data from Homebase, for example, shows job worsening around June 24th - which would not be captured in the June jobs report.
Read 6 tweets
10 Mar 20
As a negotiator on Obama/Biden payroll tax cut, I want to second @jasonfurman @paulkrugman The 2011-2012 payroll tax cut was positive because this $240 billion in additional stimulus was best we could get w/GOP House resistance - NOT because it was the best or most fair design.
A 2% payroll tax cut goes to all workers, but gives $2000 to a family making $100K, but only $600 to family at $30K. Best to give more to hard pressed families. At a minimum, a flat amount as its still progressive as those w/ lower-income gets highest boost as % of income.
In such an economic emergency, if we are sending out checks, we should include those with disabilities, unpaid caregiving and seniors -- on grounds of equity and economic impact. Though I wouldn't include higher-income families who don't need it.
Read 4 tweets
28 Jul 19
1/ WEALTH TAX THREAD:

It is no secret that I am a supporter of the wealth tax. But I also admire many proposals on estate tax & capital gains put forth by other Democratic candidates. All reduce inequality and increase progressivity of tax code - and deserve support.
2/ I disagree with those - including friends I respect -whose first approach to this new wealth tax is to assume that we are helpless to avoid major tax evasion as we have seen with the estate tax. Tax evasion is a solvable policy failure not an unsolvable act of God.
3/ I don’t understand why those who argue for higher investment on traditional tax enforcement on the most well-off – and stress the exceptionally high returns of such policies – then fail to apply that same logic to enforcement of a new wealth tax?
Read 9 tweets

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