This bill spends $3T+ to make the tax code more complex and Americans less healthy In every regard, it is a mistake: Grows deficits but shrinks the economy, makes gun silencers more available but healthy food less so My latest from @postopinions.bsky.social www.washingtonpost.com/opinions/202...

Opinion | 6 things you probably didn’t know were in Trump’s mega-bill

Trump’s budget bill includes eliminating tax on gun silencers, a garden of heroes and more.

washingtonpost.com

Here is what the distribution of the reconciliation bill looks like including tariffs, hot off @budgetlab.bsky.social presses. Income falls for the *bottom 80%* of households. Full report here: budgetlab.yale.edu/research/com...

LIVE NOW at @columbiaigp.bsky.social 🔴 @awhf.bsky.social, R. Glenn Hubbard, Jennifer Klein, @natasharsarin.bsky.social, & Richard Clarida discuss the far-reaching implications of the federal budget bill Tune in: youtube.com/live/sxYxjDL... @columbiasipa.bsky.social @columbiauniversity.bsky.social

IGP Rapid Response: The Fight Over the Federal Budget

YouTube video by Columbia SIPA

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Great to be with Wolf Blitzer and @pamelabrowncnn.bsky.social on @cnn.com Situation Room this morning talking China and the latest inflation numbers. Link here: youtu.be/yQM08o-jM5Q

Natasha Sarin on U.S.-China Trade Talks, Inflation, and Tariffs

YouTube video by The Budget Lab

youtu.be

So fun to join @econjared today for lunch with a healthy dose of econ to talk reconciliation, interest rates, and why we should invest in -- not gut -- the IRS. Link to our conversation here: natashasarin32.substack.com/p/7280ed14-6...

Natasha Sarin

Click to read Natasha Sarin, a Substack publication. Launched 3 hours ago.

natashasarin32.substack.com

@natasharsarin.bsky.social: Loss of insurance from GOP bill could mean more than 100,000 preventable deaths. Some estimates based on existing research on Medicaid effects on mortality: www.washingtonpost.com/opinions/202...

Loss of insurance from GOP bill could mean more than 100,000 deaths. My latest from @postopinions.bsky.social www.washingtonpost.com/opinions/202...

Opinion | Loss of insurance from GOP bill could mean more than 100,000 deaths

It is hard to articulate a justification for ballooning the federal debt in service of saving fewer lives.

washingtonpost.com

Wonderful to join @pbsnews.org last night to talk about the risks of our high and rising national debt. Link here: www.pbs.org/newshour/sho...

Explaining the national debt, how we got here and what it means for future generations

Republicans in Congress are hashing out a new tax cut and spending bill that's projected to add trillions to the national debt. Economics correspondent Paul Solman explains the ballooning national deb...

pbs.org

This is unlawful, un-American, and ultimately -- like so much we've seen recently -- will serve to make this country less great And from a President who just last year thought college grads should get green cards so we retain the brightest foreign talent www.nytimes.com/2025/05/22/u...

Trump Administration Says It Is Halting Harvard’s Ability to Enroll International Students

nytimes.com

Republicans are haggling over the details of how much to cut Medicaid and food stamps while also trying to give bigger tax breaks to the richest Americans. @danamilbank.bsky.social, James Hohmann and @natasharsarin.bsky.social discuss whether Republicans can get this bill over the finish line:

Opinion | There’s nothing beautiful about this big bill - The Washington Post

Republicans are haggling over the details of how much to cut Medicaid and food stamps while also trying to give bigger tax breaks to the richest Americans. Meanwhile, the rating agency Moody’s has dow...

wapo.st

Here are three arguments the Trump administration might try to make to revoke Harvard’s tax-exempt status, none of which should hold water in the eyes of the law, @natasharsarin.bsky.social writes: wapo.st/42ScSPt

Great to be with Sara Sidner @cnn.com last night talking tariffs and @budgetlab.bsky.social new analysis of the China pause. Watch here: www.youtube.com/watch?v=sbxP...

Natasha Sarin on US-China Tariffs

YouTube video by The Budget Lab

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Join us today at 12 pm for an important conversation between @neeratanden.bsky.social and @larrysummers.bsky.social on the fiscal impact of DOGE's IRS layoffs. Janet Holtzblatt, @jessicabriedl.bsky.social, and @natasharsarin.bsky.social will also be joining in a panel discussion:

The Fiscal Impact of DOGE’s IRS Layoffs

Please join the Center for American Progress for an event featuring former U.S. Treasury Secretary Lawrence H. Summers and an expert panel on the importance of adequate funding for tax enforcement…

americanprogress.org

No, the Administration cannot legally revoke Harvard's -- or other nonprofits' -- tax-exempt status. My latest in @postopinions.bsky.social here: www.washingtonpost.com/opinions/202...

Opinion | Trump’s attack on nonprofits has an ugly history

The White House’s war on Harvard is testing the guardrails that Congress put in place after Watergate.

washingtonpost.com

"The question facing Republican lawmakers in Congress now is a math one," @natasharsarin.bsky.social writes. "They are failing that arithmetic test." wapo.st/43izlVU

Opinion | The Trump administration’s tax math doesn’t add up

Budget gimmicks for Congress mean higher deficits and borrowing costs for the rest of us.

wapo.st

This is a bonker bananas statement that reflects a fundamental misunderstanding of how the IRS works and flies in the face of the vast empirical evidence that shows dollars spent on tax enforcement activities have huge returns. subscriber.politicopro.com/article/2025...

POLITICO Pro: Bessent: More IRS auditors doesn't mean more revenue

His comments to lawmakers come amid steep cuts in the ranks of enforcement personnel at the agency.

subscriber.politicopro.com

Tax cuts for all — paid for by none — isn’t an equation that makes much sense for the American economy. My latest in @postopinions.bsky.social: www.washingtonpost.com/opinions/202...

Opinion | The Trump administration’s tax math doesn’t add up

Budget gimmicks for Congress mean higher deficits and borrowing costs for the rest of us.

washingtonpost.com

Great to be with @cnn.com this morning on the market's latest movements, Fed independence, and @budgetlab.bsky.social's work on how political risks threaten our safe harbor status. Link here: www.youtube.com/watch?v=PF7-...

Natasha Sarin on the economic fallout of tariff policy changes

YouTube video by The Budget Lab

youtube.com

The tax code has protections against exactly this: Section 7217 makes it illegal for political officials within the Executive Branch -- incl the President -- to request an audit or investigation of a particular taxpayer Need an investigation to revoke tax exempt status. www.cnn.com/2025/04/16/p...

IRS making plans to rescind Harvard’s tax-exempt status | CNN Politics

The Internal Revenue Service is making plans to rescind the tax-exempt status of Harvard University, according to two sources familiar with the matter, which would be an extraordinary step of retaliat...

cnn.com

This is terrible, terrible, terrible news for the American people and the tax system. The only winners are high-cost tax preparers. When fully built out, Direct File would've saved taxpayers ~$20B annually. apnews.com/article/irs-...

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

The Trump administration plans to eliminate the IRS’ Direct File program. That's the electronic system for filing tax returns directly to the agency for free.

apnews.com

Wonderful to discuss tariffs, Tax Day, and our work @budgetlab.bsky.social with @stephruhle.bsky.social on @msnbc.com's 11th Hour last night Also featuring the great @gilliantett.bsky.social, @jonallendc.bsky.social and @lukebroadwater.bsky.social Link here: www.msnbc.com/11th-hour/wa...

'Traders are like vultures': Who's raking in money during the tariff chaos

As the Trump administration keeps talking about the trade deals they're going to make, American businesses and consumers are caught in the whiplash of the tariff policies. But Wall Street traders are ...

msnbc.com

Exactly this, from @natasharsarin.bsky.social & former IRS commissioner Danny Werfel: "In other words, an extremely diminished IRS could unlock a race to the bottom and create an evasion advantage for those who are comfortable skirting their tax bills." www.washingtonpost.com/opinions/202...

This team is so brilliant, and I'm so grateful to get to learn from them each day. Also so grateful for the icon that is @marthagimbel.bsky.social! Starting something is hard and scary. But much less so with Martha at the helm. We at @budgetlab.bsky.social are so beyond fortunate to have her.

Martha Gimbel@marthagimbel.bsky.social · last yr.

Credit goes to the amazing Budget Lab team - including @ernietedeschi.bsky.social @richpriz.bsky.social and others too smart to be on social media (John Ricco, Harris Eppsteiner, Sylva Kroeber, Ken Matheny, Patrick Oakford, Maddie Lee, Dylan Saez) 2/

Last April @natasharsarin.bsky.social Danny Yagan and I launched @budgetlab.bsky.social. We were excited about our team and what we were planning to produce - but absolutely could not have predicted this wild year 1/

Today is Tax Day. And while few people enjoy paying taxes, they want a fair system. That system is in danger right now. My latest in @postopinions.bsky.social pinions with former IRS Commissioner Danny Werfel is here: www.washingtonpost.com/opinions/202...

Opinion | It’s not just tariffs. Trump is creating chaos with taxes, too.

Gutting the IRS enables more people to cheat the government system.

washingtonpost.com

Great to be back with Squawk Box @cnbc.com discussing the impact of tariffs on inflation and our work at @budgetlab.bsky.social www.cnbc.com/video/2025/0...

Data says inflation would be coming down if not for trade war escalation, says Yale's Natasha Sarin

Natasha Sarin, former Biden Treasury official, and Joe Lavorgna, former Trump NEC chief economist, join 'Squawk Box' to discuss each expert's thoughts on the economy, Lavorgna's thoughts on the tariff...

cnbc.com

New from @budgetlab.bsky.social e_Budget_Lab on tariff latest. In aggregate, tariffs are basically at same level they were prior to this "pause" / China increases. And that level is *high* Highest since 1909. Resulting in higher prices for American families, ~$4,400 annually in short-run.

Ernie Tedeschi@ernietedeschi.bsky.social · last yr.

We've updated our @budgetlab.bsky.social tariff estimates in light of yesterday's announcement of a 90-day 10% "reciprocal" tariff and a 125% China tariff. Some key takeaways... 1/7

New analysis from @budgetlab.bsky.social: The IRS is entering into an agmt to share data about undocumented immigrants with ICE. Historically, the agency promised data would not be used in this way. We estimate the govt will lose ~$300B in the next decade as a result.

This morning in my “Big, beautiful bill” newsletter: The potential cost of tax noncompliance. IRS’s deal to share confidential taxpayer data with ICE could cost up to *$479 billion* over 10 years, @natasharsarin.bsky.social’s team at Yale finds. More here: www.washingtonpost.com/politics/202...

So thrilled to get to speak with @kyla.bsky.social this week on the importance of funding the IRS -- and the risks of decimating the agency. Here's a link to our conversation for @leadingindicator.bsky.social: www.youtube.com/watch?v=AKqz...

Economist Explains Why DOGE Cuts to the IRS Will Backfire

YouTube video by Leading Indicator

youtube.com