Judd Legum

Judd Legum @JuddLegum

I will never buy this flavor of toothpaste again but, in some ways, I will miss it. We've been through a lot together. — PolitiTweet.org

Judd Legum @JuddLegum

UPDATE: I have finished the terrible toothpaste — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau The promised benefits from the massive statutory corporate tax cut in 2017 never materialized. — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau The entire presumption is that taxes on corporate profits are uniquely bad as compared all other taxes. If you believe that premise, you would of course oppose any increase in corporate taxes. I don't think the empirical data supports that, however. — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau And all of those shape the tax environment and contribute to the cost of operating a company in a given country. — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau I think this is a myopic view. What you are ignoring in your analysis is that other countries are able to have lower corporate tax rates because they have many alternative sources of revenue -- VAT, higher individual taxes You can't look at it in a vacuum — PolitiTweet.org

Judd Legum @JuddLegum

It got awfully quiet around here... — PolitiTweet.org

Judd Legum @JuddLegum

@evilzenmuppet @TaxFoundation My readers, who pay $50/year or $6/month for my newsletter. I do not accept advertising. https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau https://t.co/iDJqaAPNd8 — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau Well you are also not including individual taxes, which is also a big part of the picture. The idea that cutting the statutory corporate tax rate will spur business investment was tested in 2017. The Cleveland Fed found that it "held investment down rather than stimulated it" — PolitiTweet.org

Judd Legum @JuddLegum

Don't @ me unless you are willing disclose your funders. — PolitiTweet.org

Judd Legum @JuddLegum

@kpomerleau My point, which I don't think you would disagree with, is that you can't measure competitiveness from a business perspective without looking at everything, including a VAT, individual taxes, etc. Isolating the statutory corporate tax rate does not give you an accurate picture. — PolitiTweet.org

Judd Legum @JuddLegum

@ericadyork 12 weeks of paid family leave is not "Scandinavian-style social benefits" Finland has 161 weeks of paid leave! My point is you can't single out corporate taxes as a measure of competitiveness. You have to take into account the entire tax landscape. — PolitiTweet.org

Judd Legum @JuddLegum

@ericadyork Finally, as I'm sure you are aware, any discussion of tax burdens should also include individual rates which are also much higher in much of Europe. — PolitiTweet.org

Judd Legum @JuddLegum

@ericadyork Also, if we are comparing the US to other OECD countries, what about the fact that every other OECD country provides paid family leave? Doesn't that impact competitiveness? — PolitiTweet.org

Judd Legum @JuddLegum

@ericadyork Are you aware that, according to the Cleveland Fed, a decrease in statutory tax rates in 2017 "held investment down rather than stimulated it." https://t.co/iDJqaAPNd8 — PolitiTweet.org

Judd Legum @JuddLegum

@ericadyork Why are you comparing the US, which has no VAT, with European countries which have significant VATs? Isn't this an extremely misleading way to measure competitiveness? — PolitiTweet.org

Judd Legum @JuddLegum

So much BS about the reconciliation package from corporate-funded front groups Two big problems with this chart: 1. Most companies pay well below the US statutory rate. What's important is the EFFECTIVE rate. 2. You can't compare countries with VATs (in Europe) with the U.S. — PolitiTweet.org

Judd Legum @JuddLegum

Sorry to be optimistic but it looks like the Delta surge is finally fading? Hospitalizations now below 80K, down from a peak of 104K https://t.co/SGvWm8q44c — PolitiTweet.org

Judd Legum @JuddLegum

This is a big deal. In this role @GM's @mtbarra will be leading the fight against: Paid family leave An expanded child tax credit Universal Pre-K Meaningful action on climate, including a clean energy standard https://t.co/6TKKVVVzT3 — PolitiTweet.org

Judd Legum @JuddLegum

@chrislhayes @Apple @tim_cook @BizRoundtable .@Apple is following the playbook for when people notice that a corporation's public STATEMENTS don't match up with their ACTIONS Ignore it and hope people lose interest It's a cynical but generally successful strategy https://t.co/r4WyilfwD0 — PolitiTweet.org

Judd Legum @JuddLegum

UPDATE: @chrislhayes reached out to @apple and asked how it could claim to strongly support the Clean Energy Standard in the reconciliation bill while CEO @tim_cook is part of the @BizRoundtable's multi-million dollar campaign to defeat the bill Apple did not respond https://t.co/a73anw7GLV — PolitiTweet.org

Judd Legum @JuddLegum

5. The campaign by corporations and the wealthy to defeat the reconciliation bill is an exercise in using money and power to convince a handful of Democrats to act against the preferences and interests of their constituents https://t.co/6TKKVVVzT3 — PolitiTweet.org

Judd Legum @JuddLegum

4. Hypocrisy aside, the reconciliation bill is a combination of extremely popular programs combined with extremely popular ways to pay for them. If you are a Democratic member of Congress, virtually everyone who might vote for you supports this bill https://t.co/6TKKVVVzT3 — PolitiTweet.org

Judd Legum @JuddLegum

3. The @BizRoundtable includes the CEOs of @Apple, @Netflix, @GM and others who publicly claim to enthusiastically support the reconciliation bill's clean energy standard. At the same time, they are involved in an aggressive effort to kill the bill. https://t.co/r4WyilfwD0 — PolitiTweet.org

Judd Legum @JuddLegum

@BizRoundtable 2. The @BizRoundtable claims Trump's 2017 tax cuts spurred business "investment." This has actually been studied extensively and the opposite is true. The corporate tax cut "held investment down rather than stimulated it," the Cleveland Fed found. https://t.co/6TKKVVVzT3 — PolitiTweet.org

Judd Legum @JuddLegum

1. @BizRoundtable, a group of prominent CEOs, intensified efforts to defeat the reconciliation bill, launching a multi-million dollar ad campaign and producing a slick video in which CEOs warn the public of "consequences" if the corporate tax rate goes up https://t.co/6TKKVVVzT3 — PolitiTweet.org

Judd Legum @JuddLegum

@SenatorSinema I'll have more updates on the corporate campaign to tank the reconciliation bill in my newsletter. https://t.co/TfpCIsWktO — PolitiTweet.org

Judd Legum @JuddLegum

RIGHT NOW, @SenatorSinema is at a fundraiser with corporate lobbyists who oppose the reconciliation bill. They paid $1000 to $5800 to spend 45 minutes in a room with her. https://t.co/xW9Zp9tSOH — PolitiTweet.org

Judd Legum @JuddLegum

@Darktionary @MistyBRRT I made the chart. I know what it reflects. — PolitiTweet.org