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Chye-Ching Huang Profile picture
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22 Mar, 6 tweets, 4 min read
After a decade of damaging funding cuts to the IRS that hurt honest filers but benefits tax cheats, it is great to be just one voice in what is now a chorus of calls to restore radequate funding to the agency.

Here's a few examples from over the last few weeks: 1/
In @nytopinion, I explained why the time for rebuilding this critical government infrastructure is now. A responsible recovery package should include a multiyear stream for rebuilding the I.R.S.:
nytimes.com/2021/03/10/opi…
.@ThePlumLineGS in @PostOpinions had further reasons why the next recovery package would be the perfect vehicle for this "no-brainer":
The New York Times editorial board @nytopinion also argued that the logic for investing in the IRS is "overwhelming."

Underfunding the IRS warps the tax burden, placing it more on honest wage earners & less on tax cheating filers & businesses: nytimes.com/2021/03/20/opi…
These new findings from @danhreck @gabriel_zucman & 3 non-tweeters ring another loud alarm about the potential scale of the problem.

wsj.com/articles/high-… by @RichardRubinDC
And I'll keep this thread open, as I very much hope to get to add to it!

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More from @dashching

Chye-Ching Huang Profile picture
7 Feb
@crampell @JStein_WaPo This is a hugely important question. And one where the experience of other countries has been too often glossed over, I think. Short (maybe) thread:
@crampell @JStein_WaPo Other countries with fully-integrated tax/benefit systems that the US might be envious of (UK, Aus, NZ) have nevertheless often still caused massive hardship (& political firestorm) over creating reconciliation debts for low-income people.
@crampell @JStein_WaPo Here are some examples. Some of this is income reconciliation, some of it family changes, some of it implementation glitches. The basic point is that you want to do everything possible to avoid creating this type of hardship for families. Safe harbors should be very robust.
Read 8 tweets
Chye-Ching Huang Profile picture
26 Jan
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.
Read 4 tweets
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

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