Josh Barro Profile picture
24 Feb, 5 tweets, 1 min read
A good rule of thumb is that if your program imposes marginal tax rates around 100% on some range of labor income, it's not pro-work
Our public policies are already a mess in this regard, with cutoffs and phaseouts for means-tested programs imposing very high marginal tax rates on some (but not all) low-income households
There are trade-offs here and if unless you want to abandon means-testing entirely (which is impractical for a lot of programs) you're going to elevate some marginal tax rates. But Romney's plan pushes toward making this better, and Hawley's would make it worse.
BTW I'm pretty sure a very large part of this wage subsidy would end up being captured by employers... if employees face a much higher marginal tax rate as their wages go up, they'll be more inclined to accept lower wages.

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More from @jbarro

20 Feb
This article is very strange. FL is average so far in delivering vaccines — a bit below on at least 1 dose, a bit above on 2 doses. Many experts favor a seniors-first strategy. The coverage hook is which retirement communities got certain vaccine sites? nbcnews.com/news/amp/ncna1…
I get why people dislike DeSantis but the assumption that whatever he does on COVID must be a fuckup has led to bad news coverage. It’s similar to the excessive deference Cuomo used to get in national media. (Local media was always tough on Cuomo.)
“ When Holocaust survivors and Cuban survivors of the Bay of Pigs debacle — revered members of two other key Florida voting blocs — got their first shots, DeSantis made sure he was there for the news conferences.” The horror!
Read 4 tweets
15 Feb
I would note, this has happened at least twice at the Post, and once at the Journal, but at the Journal they do it like a family of Connecticut WASPs. nytimes.com/2021/02/14/bus…
I’m not a WASP and I’m not from Connecticut but I’ve spent my whole life aspiring and I think I’ve gotten the hang of it.
The key thing to remember is that emotions are embarrassing.
Read 4 tweets
13 Feb
The political implications of this analysis help illuminate why so many progressives are reluctant to even *admit* the Democratic party suffered a significant setback with Hispanics in 2020
In particular, a lot of democratic political professionals who focus on the Hispanic vote are selling something this analysis says hurts the party.
Fortunately, Joe Biden will have an economic record to run on, and I think it will be a good record, and that should go a significant way to reversing this trend
Read 4 tweets
13 Feb
A sentient doormat? amp.cnn.com/cnn/2021/02/12…
House Minority Leader George McFly
Say what you will about Trump, he has Kevin McCarthy pegged
Read 4 tweets
11 Feb
If progressives have the right ideas about how to govern, how come California is so poorly governed? @ezraklein on a state that's choking on its own rules: nytimes.com/2021/02/11/opi…
@ezraklein One thing I would note is that there are blue states that do appear to have genuinely superior governance outcomes, like Massachusetts. So there is a good model in addition to some bad models.
I also think Ezra is right to focus on CEQA, which is all by itself responsible for a huge fraction with what's wrong in California. And unlike some other policy problems, it's one the legislature is free to fix whenever it likes.
Read 4 tweets
10 Feb
Look either it's a serious accusation (in which case it is actually a serious error that Taylor attributed the comment to the wrong person) or it's not a serious accusation (in which case it's not a "scandal" and it's improper for reporters to try to make it into one.)
But this is the way a lot of tech industry coverage is conducted: Not merely aggressive and skeptical, as it should be, but treating tech companies and personalities as the enemy.
Read 5 tweets

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