Kimberly Clausing @KClausing
Economist; Professor @UCLA_Law; sr fellow @PIIE; former tax DAS at Treasury; Author, Open: The Progressive Case for Free Trade, Immigration, and Global Capital law.ucla.edu/faculty/facult… LAX; PDX Joined January 2012-
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(8/8) Even if half of these measures were adopted, it will improve the US fiscal trajectory a lot, nearly stabilizing debt relative to GDP and lowering interest costs for both the government and households. Paper link : economicstrategygroup.org/publication/15…
(7/8) We hope our framework shows how much revenue is on the table in terms of sensible, time-tested, reforms. Such reforms would also collect more from winners in today’s economy (to help fund a strong safety net for others).
(1/8) New Paper 🧵! Out today, my piece with @NatashaRSarin out of @AspenEcon on the importance of raising revenue in the time ahead. (As today’s interest rates remind us!) We argue that tried-and-true tax policy choices can meet our extraordinary fiscal moment.
Damn straight it is.
Trade deficit is a function of savings dynamics and capital flows, not tariff policy. I swear this is in the textbooks.
@Brendan_Duke And international income also compounds revenue gains from raising the rate. (As any increase in existing min tax revenue that happens due to rate increase shows up on that line.)
Rough day for America's tariff crackpots
If you want to argue that one of the most cited papers in policy discussions in the last 15 yrs had no impact then what does that say about every other policy paper? It was VERY discussed by thoughtful policy people under Obama and shifted a lot of views and some policy.
On "China Shock" research vs policy... Important to debate research, but any suggestion that current US protectionism has anything to do with Autor-Dorn-Hanson's papers seems outlandish to me. Trump thinking on these issues is well documented and goes as far back into the 80s.
Such a pleasure talking with IMF and World Bank economists (and others) on this important work on corporate tax spillovers coming out today, as a chapter in October's World Economic Outlook.
Join IMF’s Carolina Osorio Buitron, UCLA’s @KClausing, the @WorldBankGroup’s Pierre Bachas, and @TaxJusticeNet’s Andres Knobel for a discussion on how corporate tax changes spill across borders, shaping investment, revenues, and output across economies. youtube.com/watch?v=xrObUT…
WTF are they talking about, we do plenty of art here in DC. Like this:
Maybe it's just me, but I personally wouldn't have campaigned on lowering prices and then immediately enacted policies that increase prices. 🤷
New polling shows 80%+ of Americans disapprove of Trump on inflation. That's more than ever disapproved of: -Biden on the Afghanistan withdrawal -Bush on the economy amid the financial crisis -Bush on the Iraq war -Bush on Katrina -Reagan on Iran-Contra -Carter on the economy
Tariffs do not add to GDP. We have a little more steel, a little less of everything else and, net, lower GDP and income.
Making American Steelmaking Great Again. President Trump is prioritizing hardworking Americans instead of foreign labor. This will become the largest steel plant in American history, create thousands of jobs, and add billions to the economy for decades to come.
if Trump thinks cost overruns on a renovation project are criminal, I have a reflecting pool to sell him
Judge Strikes Down Latest Version Of $100,000 H-1B Immigration Fee forbes.com/sites/stuartan…
A Treasury Secretary who controls neither the budget deficit nor the money supply nor international capital flows is never the “House"“ in financial markets, and anyone who claims to be such is, as Paul Krugman says, beclowning himself: **CROSSPOST: PAUL KRUGMAN: The... 1/
TOMORROW: Expert panel discussion, plus @SenWhitehouse joins us for a fireside chat with @KClausing on the US debt & deficit outlook, the policy challenges ahead, & the implications of persistent fiscal imbalances. Watch it here: piie.com/events/2026/gr…
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