Rich Prisinzano

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Rich Prisinzano

Rich Prisinzano

@richpriz

Economist, Musician, JMU & Texas fan. Working at Yale University

Philadelphia, PA Katılım Mart 2009
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Natasha Sarin
Natasha Sarin@NatashaRSarin·
Nearly half of Fortune 500 companies were founded by immigrants or their children Hanuman is a monkey god, known for being brave--a word that describes people like my parents, who came to the US, built a better life for their children, and helped grow the economy along the way
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Natasha Sarin
Natasha Sarin@NatashaRSarin·
Per @dealbook, we at @The_Budget_Lab have a "bombshell" report out on the revenue potential of closing the carried interest loophole. Here's the report: budgetlab.yale.edu/research/refin… The existence of carried interest is *WILD* -- $ fund managers get lower tax rates than wage-earners
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Matt Smith
Matt Smith@SmithMatthewC·
@richpriz If taxing carried interest as true labor, shouldn’t that be deductible as an expense item (management fee) rather than reduction of the LPs share of gross income?
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Rich Prisinzano
Rich Prisinzano@richpriz·
Carried Interest has been a talking point in tax policy for at least 20 years. It is often viewed as a loophole that if closed would bring in revenue.
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Rich Prisinzano
Rich Prisinzano@richpriz·
We find that using the new method, Sen. Wyden, Whitehouse and King's reform proposal would raise about $88 B over ten years. This estimate is roughly $40 B higher than estimated using our old method.
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Chelsea Janes
Chelsea Janes@chelsea_janes·
I never thought Mets fans were exaggerating or anything, but after a mere 21 games of watching on a daily basis — most recently something about seeing Conforto tie it and Kimbrel lose it and PCA score the winner — I’m here to affirm that yours really is a uniquely dramatic agony
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Jacob Horwitz
Jacob Horwitz@Horwitz_11·
I have officially decommitted from NJIT. I want to thank Coach McClellan for the opportunity to play at the next level, and wish the best of luck to Coach DeLeo on his next chapter with the Nationals organization. That said, I am excited to announce that I will be completing a pg year at Loomis Chaffee. My recruiting is now open for 2027. @dMkillopJR @fords_baseball
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Ricco
Ricco@riccoja·
Budget people on here—please let us know what you think! We are trying to nail down how best to measure distributional impacts for policies that result in behavioral (i.e. quantity) and price changes.
Harris Eppsteiner@HEppsteiner

@The_Budget_Lab I discuss the "economic value" measure in a companion blog post, which defines it, gives some examples, and shows how and when it coincides in practice with familiar distributional concepts, like changes in after-tax income for conventional tax analysis: budgetlab.yale.edu/research/quant…

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Harris Eppsteiner
Harris Eppsteiner@HEppsteiner·
In addition to getting to ask some important questions about policies impacting children and families, working on @The_Budget_Lab’s new ECEC report also let me nerd out about an important question for distributional analysis: how to quantify how policy changes change well-being.
Harris Eppsteiner@HEppsteiner

New from me, Maddie Lee, and @riccoja at @The_Budget_Lab: With growing interest in affordability among policymakers, we take a look at a major driver of costs for parents of young children: early childhood education and care (ECEC). (Report link below.)

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Ricco
Ricco@riccoja·
Proud of this one—maybe our most ambitious project yet. Budget analysis of childcare policy resists reduced-form estimation. The entire question, in some sense, is how the sector responds when a bunch of new money flows in. So we built an equilibrium model!
Harris Eppsteiner@HEppsteiner

New from me, Maddie Lee, and @riccoja at @The_Budget_Lab: With growing interest in affordability among policymakers, we take a look at a major driver of costs for parents of young children: early childhood education and care (ECEC). (Report link below.)

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Rich Prisinzano
Rich Prisinzano@richpriz·
The drop comes from reduced enforcement and audit staff as well as a rapidly depreciating infrastructure (computers, etc). The changes leave IRS to close the Tax Gap.
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Rich Prisinzano
Rich Prisinzano@richpriz·
With Tax day coming up, @The_Budget_Lab did some work centered on changes to the IRS. Funding reductions and workforce reductions lead to reduced revenue collection of about $861 Billion.
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Natasha Sarin
Natasha Sarin@NatashaRSarin·
This tax season, the IRS is doing less with less Wild stat: Audits of those making $10 million+ fell by 9% last yr, 39%(!) this yr Great @RichardRubinDC piece citing imp new @The_Budget_Lab work--we estimate IRS gutting will cost $600B+ over next decade wsj.com/politics/polic…
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Keşfet

@dealbook @The_Budget_Lab @SmithMatthewC @politico @elenaspatel @TaxPolicyCenter @dwschanz @Georgetown