Corey Husak

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Corey Husak

Corey Husak

@CoreyHusak

Tax Policy @amprog Former: @budgethawks @SenBobCasey @equitablegrowth @HarrisPolicy and @clairecmc. Tweets my own.

MO/IL/DC เข้าร่วม Şubat 2013
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Ashley Schapitl
Ashley Schapitl@AshleySchapitl·
Bleak. “Audits of people with at least $10 million in income dropped 9% last year, and they are on track to decline another 39% this year. Partnership audits declined, reversing an attempt to scrutinize private-equity firms and other complex entities…” wsj.com/politics/polic…
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Miguel for Ward 1
Miguel for Ward 1@MiguelWard1_·
The Green Zone streatery was (a) well constructed and maintained, and (b) an essential extension of their space where patrons could have a meal at night after the interior turns over to their (very good) DJs. Losing that space and the staff (!!) makes no sense for our community
Adams Morgan News@AdamsMorganNews

The impact of new rules re: streateries. The Green Zone has trimmed staff, while about ten parked cars occupy the strip that held streateries for restaurants and bars like Air, Andy’s Pizza, The Diner, Madam’s Organ and Tryst. 51st.news/dc-streateries…

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Edward Conard
Edward Conard@EdwardConard·
Zidar and Zwick find SCF data show ownership shares of private businesses make up between 45–50% of top 0.1% American wealth,and ~80% of US households worth $30mm+ are business owners. edwardconard.com/macro-roundup/…
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Zach Moller
Zach Moller@econwonk·
Great talking to Sahil for this story. Sorry to be such a downer but the Dem "to do" list needs to be much cheaper. We'll be stuck plugging the holes that Trump has made in our country, we want to avoid major fiscal issues, and we want to promise something to voters. Math
Sahil Kapur@sahilkapur

New: Tax cuts are the HOTTEST new idea for Democrats Booker & Van Hollen (both 2028 prospects) unveil big tax-cut plans. Katie Porter says exempt $100K in income from California taxes. Keisha Lance Bottoms says exempt teachers from Georgia taxes. Pitched as answer to cost-of-living struggles. BUT: It has spurred a “wonk revolt” from liberal and moderate policy experts. The latter say the math won’t add up. The former say treating taxes as a punishment undermines the pursuit of a safety net. nbcnews.com/politics/elect…

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Corey Husak
Corey Husak@CoreyHusak·
@aarmlovi A 45 ft height limit even more insane when you turn the camera around and see that the other side of Ward Parkway has a bunch of 12+ story buildings!
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José Díaz Briseño
José Díaz Briseño@diazbriseno·
🇲🇽MEXICO: At 38, Roberto Velasco will become Foreign Minister after being appointed by Sheinbaum A fast-track ascension that began w/Velasco as FM spoxman during AMLO yrs (under Ebrard) The departure of FM De la Fuente was an open secret, widely commented in gossip columns 👇
Claudia Sheinbaum Pardo@Claudiashein

El Doctor Juan Ramón de la Fuente tomó la decisión de dejar el cargo de secretario de Relaciones Exteriores por motivos de salud. Es parte de nuestro proyecto y, cuando termine su rehabilitación, se reincorporará con nosotros en otra tarea. He decidido proponer al Senado de la República al Maestro Roberto Velasco Álvarez como canciller. Roberto nos ha acompañado hasta ahora como subsecretario para América del Norte. Les dejo este video para su información.

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American Progress
American Progress@amprog·
President Trump has now spent more than $25 billion on his reckless war in Iran—that's BILLIONS that could feed, house, and care for families here at home.
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Corey Husak
Corey Husak@CoreyHusak·
@cojobrien Joke aside, its trivially easy to do better than DC did just by allowing rowhouses near Metros
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Corey Husak
Corey Husak@CoreyHusak·
@andrew_lautz Also very worried about that! I'm sure its a significant number given the lack of personalized guidance. I was more reacting to your stat of 25% of units claiming it, which is so much higher than we anticipated
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Andrew Lautz
Andrew Lautz@andrew_lautz·
@CoreyHusak I'm worried about fraud too, but I'm also worried about accidental overclaiming! With the lack of a reporting structure in place from employers (to either their workforce or the IRS) we are increasing the odds someone mistakenly claims the entire 1.5x, or non-FLSA overtime.
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Corey Husak
Corey Husak@CoreyHusak·
I'm getting a little worried that we will see a lot of fraud in "No Tax on Overtime" We dance around it, but the truth is there's little way for the IRS to check if taxpayers correctly claimed NToO this year, so many may have decided to try fraud 😬 nytimes.com/2026/03/05/bus…
Andrew Lautz@andrew_lautz

New from Aaron Till and I @BPC_Bipartisan: 24% of 2026 tax returns had claimed OBBB's overtime deduction as of mid-March. But there are tricky issues waiting around the corner, including on employer reporting and the law's FLSA restrictions. More: bipartisanpolicy.org/explainer/no-t…

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Corey Husak
Corey Husak@CoreyHusak·
@lymanstoneky When you develop a new idea with rigorous quant analysis, you're constrained by pre-existing data. (No existing data on bedrooms built yearly/by county!) Something good to examine! Build-to-own wouldn't be helped by expensing, except weird edge cases: accountants.intuit.com/community/prac…
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Lyman Stone 石來民 🦬🦬🦬
Lyman Stone 石來民 🦬🦬🦬@lymanstoneky·
One could indeed set per-bedroom, but it's not what you did in any of your models. Expensing certainly does help build-to-rent, and in fact even does help build-to-own in the cases where development projects may be multi-year. Next to my parents house a build-to-own neighborhood has been going in for 5 years!
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Corey Husak
Corey Husak@CoreyHusak·
@jdcmedlock I agree. We didn't model fully ending interest ded. in our housing expensing report, but suggest a way to curb it that wouldn't break our tax model. Its good tax policy but the situation is fundamentally different than 1980s, so there's much less danger of tax sheltering anyway
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James Medlock
James Medlock@jdcmedlock·
When thinking about pro housing tax reform, I think it makes the most sense to pair full expensing with the elimination of interest deductibility. This raises a ton of revenue and helps avoid the downsides of the 1980s boom, where there was some tax shelter driven investment.
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Corey Husak
Corey Husak@CoreyHusak·
Great report with solid recommendations. We desperately need to raise the supply of multifamily homes (apartments) to lower rents and support low-income Americans. We have underbuilt for decades
Paul E Williams@PEWilliams_

The time has come to raise the housing investment level in this country, just as we did in the 1960s and 1980s. We have a new report out this morning laying out just how high housing production numbers need to go—and for how many years—to dig us out of the shortage.

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