Bethesda, MD
Joined November 2017
Biden’s Child Tax Credit has the potential to: ✅ Benefit 65 million children ✅ Reach 27 million children who previously didn't get the full credit ✅ Lift 4 million children above the federal poverty line @areeba_haidr and @GgrHendricks in @thehill: bit.ly/3enrKLT
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Galen Hendricks retweeted
This is 1000% true. The IRS has been gutted in the last decade, and the beneficiaries are the ultra-wealthy like President Trump. A thread:
Adequately funding the IRS may be the single most needed reform to our nation’s tax system.
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Galen Hendricks retweeted
Risk of over-reacting with fiscal stimulus is trivial. Risk of under-reacting is overwhelming. And under-reacting will *cause* massive human suffering. Hold policymakers accountable. We have no shortage of ideas that are virtually guaranteed to help.
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Galen Hendricks retweeted
The #JobsReport shows--yet again--good job growth and weak wage growth. The unemployment rate has been at or below 4% for two years, and wage growth is, if anything, *decelerating.*
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When considering today's #JobsDay numbers it's important to recognize that much of the employment growth has been in industries that pay BELOW average weekly earnings. Assessing top-line numbers without greater context distorts the reality facing many workers in this country.
Today's the day! It's #NationalVoterRegistrationDay! Take 30 seconds to register to #vote or update your registration online now at genprogress.org/vote/. 🎉 📋 🗳️
Galen Hendricks retweeted
hi hello 👋! read my new piece on why we should center communities of color in trade policy americanprogress.org/issues/…
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Galen Hendricks retweeted
Let’s collab @LilNasX. – at Seattle, WA
stop ittttt global warming stop! now
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THREAD: The Trump White House is reportedly considering a plan to bypass Congress to give another massive tax cut to the wealthy.
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Galen Hendricks retweeted
THREAD: As you're finishing up your taxes, get this: 60 Fortune 500 companies paid NO TAXES—and some ”even less than zero”—on a combined $79 BILLION in profits last year. Tell us again how the #GOPTaxScam is “for working families?" nbcnews.com/business/taxes/t…
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Galen Hendricks retweeted
A quick thread on the economics of a much higher top rate for the super-rich. TL;DR version is that @AOC is on very solid ground here. There is a lot of evidence that from an economic and fiscal perspective, we'd be way better off with top rates approaching 70.
Rep. Alexandria Ocasio-Cortez is floating an income tax rate as high as 60 to 70 percent on the highest-earning Americans to combat carbon emissions politi.co/2F9SWNm
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Galen Hendricks retweeted
If this is your first time seeing this graph, you have friends who haven’t seen it yet. Share far and wide. h/t @zessoules & @ggrhendricks
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Galen Hendricks retweeted
Trump today: the deficit is a national emergency that requires freezing pay for workers fighting forest fires or processing Social Security checks Also Trump today: maybe I'll unilaterally provide hundreds of billions in new tax breaks for the wealthy in violation of the law
Trump tells Bloomberg he's considering using exec powers to index capital gains to inflation, a massive tax break for long-term investors
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