Lily Batchelder

@MittRomney @TaxLawCenterNYU Curious if @MittRomney would also support an inheritance tax? 3/3 nytimes.com/2020/06/24/opi…

@MittRomney The @TaxLawCenterNYU has even more options for raising revenue by taxing the wealthy here. 2/3 taxlawcenter.org/tealbook

Glad to see @MittRomney come out in favor of higher tax rates on the wealthy and ending stepped-up basis. Stepped-up basis is the worst of all worlds from a policy perspective – benefits the wealthiest, encourages inefficient investment, and incentivizes complex tax planning. 1/3

It's back. With a (bad) budget bill done, there's apparently a push to get the Trump administration to do what it rightly rejected in the first administration--and use executive authority to cut capital gains taxes. washingtonpost.com/business/2025/…

New: distributional analysis of the tax part of the Senate plan In the Senate plan, ppl who make a million+ per year get more than twice as much as the bottom half of America combined After incorporating the Medicaid & SNAP cuts, the poor get poorer while the rich get richer

The Senate's One Big Beautiful Bill tax provisions are one big tax cut for rich people. The tax cut for millionaires as a share of income is 10x larger than for low-income families. And this doesn't even show how cuts to Medicaid/SNAP as well as tariffs make families worse off.

New JCT distributional estimates of Senate Finance Committee proposed tax changes. Compared to current law, the bill heavily skews benefits to the wealthy as a share of after-tax income. 1/