Samarth Gupta

@samarthgupta.bsky.social

Formerly at the Treasury Department, OMB, and Biden campaign/transition. Fellow at Roosevelt Institute and SIEPR.

New: The federal income tax has 7 brackets today. That may seem normal, but it’s a historical anomaly. There were once 56 brackets, and there were 14 as recently as the 1980s. But, like it did much else, Reaganism broke our brackets. @samarthgupta.bsky.social has a new brief on how to fix them: 🧵

Reaganism Broke US Tax Brackets. It’s Time To Fix Them.

The US once had dozens of income tax brackets. Samarth Gupta argues that restoring more brackets at the top would better address today’s extreme income inequality, raise revenue, and give policymakers...

rooseveltinstitute.org

A lot to like: ▫️Sec. 208 - NEPA reforms ▫️Sec. 209 - Innovation Fund for localities to boost supply ▫️Sec. 301 - Modular and prefab units ▫️Sec. 405 - Voucher reform to streamline unit inspections There's plenty of bipartisan things to move the ball forward. www.banking.senate.gov/newsroom/min...

Scott, Warren Announce Markup of Landmark Bipartisan Housing Legislation from Banking Committee Members | United States Committee on Banking, Housing, and Urban Affairs

The Official website of The United States Committee on Banking, Housing, and Urban Affairs

banking.senate.gov

With additional resources, the IRS had: - lowered call wait times from 28 to 3 minutes - Improved its level of service from 15% to 88% - Provided 11,000 more hours of in-person support - Launched Direct File - Doubled audit rates on the wealthy and cracked down on e.g., corporate jet loopholes

Richard Rubin@richardrubindc.bsky.social · last yr.

IG update: As of May, IRS workforce was down 25% from this year's 103,000 starting point. Pretty even spread over job types, including a 26% decline in revenue agents (auditors). Here are all the details: www.tigta.gov/sites/defaul...

When Tim Walz became Kamala Harris's running mate, progressives highlighted policies passed. It could not have been possible without Melissa Hortman. -Free school breakfast and lunch -Restoring voting rights for felons -Paid leave Great piece by @gracepanetta.bsky.social 19thnews.org/2025/06/rep-...

Rep. Melissa Hortman, killed in targeted attack, was a champion for Minnesotan families

Hortman worked closely with Gov. Tim Walz to enact policies that prioritized children and expanded protections for abortion and gender-affirming care

19thnews.org