🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

📣📣What about Japan? Fiscal sustainability in Japan.

TTARA @txmanufacturers Texas Association of Business & Baker Institute's John Diamond will testify @ the importance of smart R&D tax policy in Senate Finance today. Thanks to Team Bettencourt @JoanHuffman & members of the committee for their leadership on SB2206! ICYMI: tinyurl.com/32r3m6k2

The Economic Effects of Research and Development Tax Incentives in Texas | Baker Institute bakerinstitute.org/research/econo…

This pretty much sums up Trump’s tariff policy. Time to reduce tariffs and use other tools (efficient tax policy, smaller gov, less regs, investments in R&D, deficit reduction,...) to achieve an expansion in U.S. economic growth.

I found the breakdown interesting as well. 166K of the 177K increase was private services (156K) and govt. jobs (10K), with transportation and warehousing up 29K (storing goods to avoid tariffs?). Goods producing jobs only +11K, equal to the increase in construction jobs. Motor

🎙️ TUNE IN: The U.S. economy shrank by 0.3% in the first quarter of 2025. On “The Two-Handed Economist” podcast, John Diamond breaks down the latest GDP report and explains why the headline negative number isn’t the most important story. bit.ly/3RM1LRW

The Trump doll comment is spot on in terms of America’s problem, but his policy solution is wrong. Put simply, we are consuming beyond our means — see $2 trillion deficits and inadequate savings. A financial adjustment is needed, but not universal tariffs. cnbc.com/2025/05/05/tru…

JCT provides revised estimates of the budgetary effects of the tax provisions of the Chairman’s amendment in the nature of a substitute. jct.gov/publications/2…

🎙️ TUNE IN: On “The Two-Handed Economist,” John Diamond outlines what Congress should consider as it prepares to extend key provisions of the Tax Cuts and Jobs Act that expire at the end of 2025. bit.ly/4jU8LbR

🎙️ TUNE IN: John Diamond explains what makes fiscal sense and what doesn’t on Trump’s trade deals with the UK and China, the GOP’s “one big, beautiful” tax bill, and Trump’s order to slash prescription drug costs. bit.ly/4djvMCv

The U.S. announced new trade frameworks with the U.K. & China, easing some Trump-era tariffs. John Diamond’s new commentary explains why even a bad trade deal is better than no deal. #TradePolicy#Tariffs #EconomicUncertainty bit.ly/4dBIeNX

For every $1 in R&D incentive, Texas gains $12.47 in Gross State Product over 20 years. SB 2206 extends our R&D tax structure and increases our R&D franchise tax credit from 5% up to 8.722% and even higher to 10.903% for R&D with Texas universities and colleges, creating at

The recent Trade Court ruling increases the uncertainty that faces the U.S. economy. While over turning the tariffs will benefit many consumers and producers, it will also open the door for greater trade uncertainty depending on how the Administration reacts. Uncertainty has a

New = Whitmire-backed Texas bill that would reverse Houston pension reforms is 'mind-boggling,' experts say houstonchronicle.com/politics/houst… via Houston Chronicle

barrons.com/articles/senat…

🇺🇸 What’s in Trump’s “One Big, Beautiful” bill, and why could it fall short? In Barron's, fellow John Diamond warns that short-term breaks, costly giveaways, and a narrowing tax base could undercut its economic impact. bit.ly/4n7Ebxh

Texas state revenues were down last year by 4%. It is the first decline since the Great Recession and Comptroller is projecting no growth for the next two years. Numbers are detailed in our Baker Institute report below: bakerinstitute.org/research/after…

Paper coming out tomorrow Baker Institute. Here's a preview of the simulated macroeconomic effects of the One Big Beautiful Bill. Elon Musk is right -- this is not good fiscal policy. In just over 20 years OBBB could raise the debt to GDP ratio by 25 percentage points.

I am curious — if current policy is the right baseline and extending tax cuts “doesn’t cost a penny” why does the OBBB need to raise the debt ceiling by $5 trillion. Someone isn’t being forthright.

A link to my paper on the macroeconomic effects of the BBB. It is not as Pollyannaish as the Council of Economic Advisers dynamic analysis, but is roughly consistent with other reasonable estimates. The results indicate crowding out is a problem. A little (ok, maybe a good bit) nip-and-tuck could make