@KClausing

Economist; Professor @UCLA_Law; sr fellow @PIIE; former tax DAS at Treasury; Author, Open: The Progressive Case for Free Trade, Immigration, and Global Capital

 LAX; PDX
law.ucla.edu/faculty/faculty-profiles/kimberly-clausing
Joined January 2012
  • Tweets5.8K
  • Following825
  • Followers11.3K
237Media
Kimberly Clausing retweeted
Jason Furman
@jasonfurmanOct 20
What do Larry Kudlow, Janet Yellen, Steve Mnuchin, @econJaredB & me have in common? We all believe the permitting reform bill is essential for America to build, grow, tackle climate change and maintain our technological lead. Probably the broadest letter I've ever signed.
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Kimberly Clausing retweeted
Stan Veuger
@stanveugerOct 17
Wow, this was so hard to foresee when Congress—including 30+ Dem senators and 50+ House members—voted to give Trump new tariff powers
Laura Rozen
@lrozenOct 17
Replying to @lrozen
Trump officially waives application of the sanctions on Russian energy in the Lindsey Graham Act he signed last month.
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It's almost as if Econ 101 usually works, and Oren Cass doesn't know anything
Fox News Politics
@foxnewspoliticsOct 14
Trump’s tariffs raised prices on more than imports. New York Fed researchers found they also pushed up the cost of American-made goods. Full story here foxnews.com/politics/america…
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Kimberly Clausing retweeted
Catherine Rampell
@crampellOct 14
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…

CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades

Chairman’s adviser intervened to take over examination of lucrative bets that were made around Trump reversal on Iran power plant attack.

bloomberg.com
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Kimberly Clausing retweeted
Rachel Cohen Booth
@rcoboothOct 14
There are real limits to what we can accomplish in a world where people believe nothing they do really matters. My book (!) is about how we wound up in a place where millions of people feel like spectators in their own lives. And how we course correct. Because we can.
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(1/11) 🧵In my piece in today’s FT, I argue that the corporate tax is an excellent tool for taxing the same wealth that proponents of billionaires’ taxes (or the CA wealth tax) are reaching for. Link at end of thread.
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more replies
(10/11) Finally, a stronger corporate tax can handle the fiscal challenge of AI. We don’t know which firms win, or how much, or how the labor share of income evolves. But corporate tax is a flexible tool for society to share in business success (w/o govt taking shares!).
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Link here: as.ft.com/r/d49ec073-c291-48…

There is a smarter way to tax the rich

Increasing US corporate tax raises government revenues without harming the tax base

ft.com
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Matt Egan@MattEganCNNOct 9
NEW: Treasury announces the appointment of economist Judy Shelton. Shelton, who President Trump tried and failed to add to the Fed Board in his 1st term, joins as counselor in the Office of the Secretary.
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Kimberly Clausing retweeted
Rep. Don Beyer
@RepDonBeyerOct 9
Infuriating—but this is what we warned anyone who would listen: Trump isn't the slightest bit trustworthy when it comes to Russia. Giving him expanded tariff powers in hopes he would use them to help Ukraine was a mistake. Now he's *lifting* sanctions on Russian fossil fuels.
Treasury Department
@USTreasuryOct 9
Today, at President Trump’s direction, the Office of Foreign Assets Control (OFAC) is immediately issuing a temporary general license to allow the supply of Russian diesel to the global market.
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Kimberly Clausing retweeted
Ben Rhodes
@brhodesOct 9
Today, the U.S. is sanctioning the ICC and doing a deal with Putin who faces an ICC arrest warrant.
Secretary Marco Rubio
@SecRubioOct 9
Today, the Trump Administration is sanctioning the ICC. This action should encourage our Allies within the Court to work for solutions to end this threat to U.S. sovereignty forever.
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Kimberly Clausing retweeted
Peter Harrell
@petereharrellOct 9
Hey Congress, remember this 2022 law? I think it was called the "Ending Importation of Russian Oil Act." And it passed 100-0 in the Senate and 413-9 in the House....
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