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Chye-Ching Huang Profile picture
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26 Jan, 4 tweets, 5 min read
I’ve not done one of these for a while! After ~10 years @CenterOnBudget with some of the best colleagues in the world, I’ve started @nyulaw as executive director of a new initiative founded w/ the incredible @lilybatch: The Tax Law Center @nyulaw.
Here’s more about what we’re seeking to build in collaboration with a terrific tax community: law.nyu.edu/centers/tax-la…
I can’t thank @CenterOnBudget @GreensteinCBPP @ParrottCBPP @ChuckCBPP & team enough for supporting us to explore this. We’re looking forward to continuing to collaborate w/ @CenterOnBudget, as well as the many terrific tax folks I’ve been privileged to meet while working there.
For continued @CenterOnBudget fed tax &fiscal excellence, if not already, follow @ChuckCBPP @jacsamoby @ParrottCBPP @ChadCBPP @PaulNVandeWater @JBalmaceda787 @kathleenromig @ShannonCBPP & look out for work by terrific Kris Cox, George Fenton, & RAs who aren't super #onhere.

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More from @dashching

Chye-Ching Huang Profile picture
16 Jul 20
Just like you don't need Valentines Day to show appreciation, every day can be Tax Day, in your heart!

Some belated tax day readings:
We still, really need to rebuild the IRS. cbpp.org/blog/this-year… by @jacsamoby
Many tax breaks in the tax code are tilted towards the already well-off and so increase income, wealth, and racial inequalities. They need to be turned right-side-up, @emannieves @JoannaAliseAin @dlnewville @prosperitynow now lay it out: prosperitynow.org/resources/upsi…
Read 6 tweets
Chye-Ching Huang Profile picture
19 May 20
Thread. Per @JStein_WaPo @byHeatherLong, Trump Administration economists think lawmakers have "a little bit of luxury to wait and see" before doing more to address the COVID-19 human & economic crisis.

washingtonpost.com/business/2020/…

Here are some people lacking that luxury: 1/
The ~1 in 5 mothers of young children who say their children aren't eating enough -- & the very many other families facing sharply increased food insecurity.

cbpp.org/blog/covid-19-…:
The tens of millions of people who have lost a job. Including those among the 28% of jobs lost in the lowest-paid industries, & people in communities locked out of full economic opportunity even at the best of times:

cbpp.org/blog/people-al…:
Read 8 tweets
Chye-Ching Huang Profile picture
23 Apr 20
BIG THREAD: the fiscal policy response to the economic crisis caused by COVID-19 should match the extraordinary human hardship & economic need – not arbitrary dollar comparisons to stimulus in prior recessions, the level of debt, or even the debt ratio. 1/
EXTRAORDINARY NEED. The pace of economic decline suggests this recession will be especially deep -- deeper than the 2007-09 Great Recession.
The U.S has never seen anything near the pace of job losses in this chart. (Between the start of the Great Recession & when total employment hit bottom, the number of people with a job fell by 8.3 million.)
Read 20 tweets
Chye-Ching Huang Profile picture
21 Mar 20
Making millions of people who otherwise don't need to file a tax return have to file one to get a stimulus payment is a mistake that lawmakers have made before. It's one that should be avoided now, in the middle of a pandemic. 1/
Here's @Claudia_Sahm on the 2008 stimulus payment. Lawmakers required some 20 million seniors veterans, & others to file a tax return to get it. 17 percent didn't ever file for the payment -- & that wasn't in a pandemic.
hamiltonproject.org/assets/files/S…
Then National Taxpayer Advocate laid out for congress the problems this caused. govinfo.gov/content/pkg/CH…
Read 6 tweets
Chye-Ching Huang Profile picture
12 Feb 20
1/ Yesterday I testified before @WaysMeansCmte on the deep damage to IRS enforcement over the last decade, & how it can be reversed: waysandmeans.house.gov/sites/democrat…

Here's the damage in a chart:
@WaysMeansCmte Whose audit rates fell most? Corporate giants & wealthy filers who overwhelmingly own businesses.

They've got the most complex finances (often set up that way to avoid tax in the first place!) so require experienced IRS staff for audits.

But IRS has hemorrhaged those staff.
@WaysMeansCmte Audit rates on working families who claim the Earned Income Tax Credit for working families are down too -- but only a little. Those audits are easier and cheaper for the IRS, so are hurt less by the loss of expert IRS staff.

So now, what we have is this:
Read 11 tweets
Chye-Ching Huang Profile picture
22 Jan 20
Just the latest in very many instances of Trump & GOP leaders' making crystal clear -- in their statements, budgets, and legislation -- that tax cuts for the well-off are intended to go hand-in-hand with targeting critical programs. 1/
Just a few examples.

Here's Trump in 2017 saying "welfare reform" is up next after taxes.
washingtonexaminer.com/trump-says-wel…
Here's the Trump Administration trying to give yet more tax cuts for the wealthy while taking away health coverage for millions -- including by ending the law's Medicaid Expansion -- through its position in the ACA lawsuit:
Read 7 tweets

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