Scott Hodge
@scottahodge
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Tax and Fiscal Policy Fellow at @Arnold_Ventures. 🏎️BMW track enthusiast and ⚾ Nats baseball
Washington, DC
Joined May 2010
Last week I was in Kyiv, #Ukraine, as a guest speaker at the Ukrainian Tax Reform & Anti-Corruption Summit. The goal of the Summit was to provide Ukrainian leaders with best practices on how to reform their tax system, strengthen the economy, and get their fiscal house in order.
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Taxing carried interest at ordinary rates raises a trivial $1.1B /yr according to CBO. The chairman could raise $40B /yr by taxing the business income of tax-exempts like AARP, NCAA, Kaiser, Harvard, PGA Tour, and MITRE. Reining in America’s $3.3 Trillion Tax-Exempt Economy
Asked Chairman Smith what he thinks about changes to carried interest. Smith: “I’m going to deliver on the president’s priorities.”
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Pretty soon you’re talking about real money. No worries. The sovereign wealth fund will pay for it.
🚨 New Analysis 🚨- Trump’s latest tax plan could cost $5 to $11 trillion over a decade and push debt to as high as 149 percent of GDP by 2035.
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Jessica Riedl was my successor at the Heritage Foundation and did much more insightful work then (and still does) than I ever did. Too bad it wasn't appreciated back then, but we can now. And I'm pleased to call her a dear friend.
Quick update: my name has changed from Brian Riedl to Jessica Riedl. Fear not, my focus on rapid-response (center-right) economic policy and cool budget charts won’t change. Link below will be my only comment and explanation on this. Back to policy!
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Before setting up any sovereign wealth fund, we should first well off the government's already failing business, such as Amtrak, TVA, PMAs, CPB, USPS...
The President signed an EO earlier this week calling for the Secretary of the Treasury to develop a plan for the establishment of a sovereign wealth fund (SWF). We should not be expanding the government’s role in capital markets 🧵
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And the lates IRS data shows that Republicans represent only 5 of the top 50 SALT congressional districts. It is not their problem to solve.
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I think David Stockman would caution against relying on "Rosy Scenario." Or as Michael Kinsley wrote, entering "the land of the Magic Asterisk."
Dynamic score of TCJA permanence: * Yale Budget Lab: $15 billion * Penn Wharton Budget Model: $177 billion * Pomerleau-Schneider: $182 billion * JCT: $372 billion * Tax Foundation: $581 billion * What some Republicans want to assume in the budget resolution: $3 trillion Uh...
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I feel so much healthier eating an organic Reese’s. GMO free too!
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RT @ericadyork: Keep up to date with President Trump’s tariff threats and actions with @TaxFoundation’s tariff tracker.
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RT @RyanLEllis: If Congress doesn't act, the largest tax hike on middle class families and small businesses in American history will hit ev…
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One of my great joys over the past 20+ years has been reading Dan Henninger’s columns. I’ll miss them. Farewell to Thursdays by @DanHenninger via @WSJopinion
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Important message by @JodeyArrington. We need to make cutting spending as politically popular as cutting taxes. Trump and Congress Need to Attack the U.S. National Debt by @JodeyArrington via @WSJopinion
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Kudos for Mitch Daniels for pulling back the curtain on the NCAA and power conferences that have become rich sports and entertainment businesses. Its time they paid taxes. College football has turned pro. Let’s talk about those tax breaks.
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I'm thrilled to join the very talented fiscal policy team here at @Arnold_Ventures. Everyone has been so welcoming. A great organization.
We’re excited to announce that @scottahodge has joined Arnold Ventures as our new tax & fiscal policy fellow. Hodge will focus on tax and budget policies that promote growth, opportunity, and security. Read more here:
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RT @George_A_Callas: Thrilled to have @scottahodge join our growing Public Finance team as a Tax & Fiscal Policy Fellow. It’ll be great hav…
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"Man of the people." I like it. Perhaps the nicest thing anyone has ever said about me.
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Filed under Gucci Gulch. The $22 million ASAE (whose CEO makes $1 million) has launched a “Community Impact Coalition,” co-chaired by one of DC’s top lobbyists. The coalition will address concerns that “tax-exempt organizations may be at risk with some calling for a 21% corporate tax rate on all net, non-donation income.” Those “some” happen to be me. FF839v2.pdf
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RT @GivingReview: In @GivingReview, @TaxFoundation’s @scottahodge argues against any expansion of the charitable d…
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Look what I found in the green room at Fox News in DC. I hear it is a best seller.
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