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Todd N. Tucker Profile picture
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29 Oct, 5 tweets, 2 min read
Climate or a nine member court.

Time to pick.
As a reminder, the only reason @rhodium_group concluded that

the US could still meet its climate goals...

even if Build Back Better lacked a clean electricity standard...

Was an assumption of lots of EPA action under existing statutes.
As usual, @KateAronoff called it.
newrepublic.com/article/159766…
#FightFor15
Yep. And an excellent day for Breyer to retire.

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More from @toddntucker

Todd N. Tucker Profile picture
28 Oct
To put the number in perspective, this is roughly the amount under management by Germany's KfW - the most ambitious industrial policy bank in the developed world. (Itself modeled after New Deal institutions to execute the Marshall Plan.)
$4 billion to Department of Energy to fund installation of clean energy retrofits. This could go a ways (the whole ways @rebeccawdell?) to upgrading steel and aluminum facilities across the country.
$5b to just transition.
Read 6 tweets
Todd N. Tucker Profile picture
21 Oct
Report from @rhodium_group: even without a fee on methane emissions, Clean Electricity Performance Program (CEPP), repeal of fossil fuel subsidies, or a carbon tax, the US can meet its climate objectives with rest of 2 packages and aggressive regulation.
rhg.com/research/us-cl…
But it will require every branch and level of government to go big, if we are to eliminate the equivalent of a range of four Californias to three Texases by 2030.
The authors do not mince words: "Closing the emissions gap will be one of the most challenging things the US has ever attempted."
Read 8 tweets
Todd N. Tucker Profile picture
14 Oct
NEW from me @rooseveltinst:

How the Global Minimum Tax Deal Could Bolster Democracy and Make Government Work Better.

Thread...
rooseveltinstitute.org/2021/10/14/how…
Last week’s historic announcement of a global minimum tax agreement among 136 nations was rightly celebrated as a victory not only for the economy but for democracy.
After 100 years of tax rules that gave multinational capital ample places to hide and evade social responsibilities, the biggest multinational corporations will now be taxed at least partly based on where they actually do business.
Read 16 tweets
Todd N. Tucker Profile picture
10 Sep
One of the best proposals in the current legislative negotiations was Chris Coons' Industrial Finance Corporation - a $500 billion national development bank that could fund decarbonization and reshoring of supply chains. See @yayitsrob here:
theatlantic.com/science/archiv…
The proposal would have put the US about even with KfW - the German development bank that @Thomas_Marois has written extensively about.
Though it still would have been only a fraction of China's $2.4 trillion development bank.
Read 12 tweets
Todd N. Tucker Profile picture
8 Sep
Highly recommend @stephenwertheim's newish book, "Tomorrow, the World."

A close look at how FDR outsourced a lot of postwar planning to private business and think tank leaders, who used racist arguments and discourse policing to remake internationalism.
hup.harvard.edu/catalog.php?is…
It helps solve the puzzle of how we glided from a hemispheric and solidaristic orientation of the Good Neighbor policy in the early FDR years to eventually 800 bases globally.
nytimes.com/2009/07/14/opi…
Adds to our understanding of the complexity of the Roosevelt administration. The same admin had folks that engaged in extensive economic planning, and folks that sought to make economic planning more difficult after the war.
cambridge.org/core/books/gen…
Read 4 tweets
Todd N. Tucker Profile picture
22 Jun
The US Innovation and Competition Act, which passed the Senate on a bipartisan basis earlier this month, included the Build America, Buy America Act, which significantly tightens Buy American rules.
congress.gov/bill/117th-con…
The congressional findings section makes clear the multifaceted reasons why the spending of tax dollars for procurement purposes is unlike spending by private market actors.
The bipartisan agreed definition of "infrastructure" goes beyond the "roads and bridges" definition some in the GOP have insisted on, and included water and broadband.
Read 11 tweets

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