George Callas (@george_a_callas) 's Twitter Profile
George Callas

@george_a_callas

Executive Vice President of Public Finance @Arnold_Ventures. #TaxTwitter contrarian. #GoGators. Fmr @SpeakerRyan @WaysandMeansGOP.

ID: 1032755283561537536

linkhttp://www.arnoldventures.org calendar_today23-08-2018 22:23:42

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George Callas (@george_a_callas) 's Twitter Profile Photo

Assuming this is real, this will increase the deficit by $116b in the House bill and by $52b in the Senate bill. That’s a separate question from whether this is good for America, which it might very well be. But the cost of OBBB will go up and Congress should fix that.

George Callas (@george_a_callas) 's Twitter Profile Photo

It's hard to think of a better way to fill the hole left by the removal of the retaliatory tax than to shut down the round-tripping loophole that pharma uses to move manufacturing offshore and pay less tax -- because (they say) a 21% corporate tax rate is just too high for them.

Doug Criscitello (@criscitello) 's Twitter Profile Photo

As part of our commitment to evidence-based policy, we’re urging Congress to act on two critical reforms: curbing Medicare Advantage overpayments and implementing site-neutral payments. Read the statement from AV's EVP of Health Care Mark Miller: arnoldventures.org/newsroom/there…

George Callas (@george_a_callas) 's Twitter Profile Photo

I still remember how hard I laughed during the summer of 2020 when the Marxist-Leninists who were tearing down statues opposed tearing down a statue of Lenin because it was on private property and private property is sacrosanct.

George Callas (@george_a_callas) 's Twitter Profile Photo

Make no mistake: the reported SALT offer of $40k for 5 years and then $10k after that is really a permanent $40k cap wolf in sheep’s clothing and therefore a budget gimmick worth hundreds of billions. If Dems control anything in 5 years, extending $40k will be a top priority.

George Callas (@george_a_callas) 's Twitter Profile Photo

Make no mistake: the reported SALT offer of $40k for 5 years and then $10k after that is really a permanent $40k cap wolf in sheep’s clothing and therefore a budget gimmick worth hundreds of billions. If Dems control anything in 5 years, extending $40k will be a top priority.

George Callas (@george_a_callas) 's Twitter Profile Photo

This is rich, Liam. You just flipped the “no one intended” part on its head. No one intended the B SALT loophole in the first place. Eliminating the loophole is RESTORING the intent, not imposing a tax hike no one intended.

George Callas (@george_a_callas) 's Twitter Profile Photo

Here is the smoking gun on what Congress really intended on B-SALT back in 2017. Congress did NOT intend pass-through owners to be able to deduct state income taxes above the cap. They were subject to the cap. Chairman Brady put it in writing at the time.

George Callas (@george_a_callas) 's Twitter Profile Photo

Senate Republicans should explain to Sec Bessent that the “compromise” he negotiated is a total cave to the SALT caucus and amounts to a permanent $40k cap because of course it’ll be extended in 5 years. And that means it’ll cost MUCH more than $240 billion.

Lawrence H. Summers (@lhsummers) 's Twitter Profile Photo

Rent control is the second-best way to destroy a city, after bombing. And, because of what it leads to in terms of under investment in repairing, maintaining, constructing new apartments, I think this is likely to exacerbate rather than improve issues around housing affordability

George Callas (@george_a_callas) 's Twitter Profile Photo

Once again, I implore Lindsey Graham to assert section 312 of the Budget Act to find that a table of contents does indeed have a budget effect and therefore is compliant with the Byrd Rule.