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Oct 1, 2024 | 
piie.com | Kimberly Clausing |Maurice Obstfeld
Oren Cass’sshallow and selective defense of Donald Trump’s trade policy proposals in The Atlantic misrepresents what economists know about tariffs. Agreed, Trump’s specific ideas—including minimum duties on all imports and the use of tariffs for commercial and foreign policy objectives—are unprecedented. Still, under Trump’s plan, the well-documented costs of tariffs will swamp the far more speculative benefits that Cass touts.
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Sep 12, 2024 | 
latimes.com | Kimberly Clausing
If Trump is elected president, he will have pulled off quite the con — Robin Hood in reverse. His economic policies call for transferring trillions in resources from the poor and middle class to the rich, only minimally dressed up in populism and grievance. Trump consistently blames immigrants and foreigners for taking American jobs and hollowing out heartland factory towns.
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Sep 10, 2024 | 
ft.com | Kimberly Clausing
The writer is the Eric M Zolt professor of tax law and policy at the UCLA School of Law and served in 2021-2022 as the deputy assistant...
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Jun 16, 2024 | 
econofact.org | Kimberly Clausing
Tariffs are taxes. But unlike most taxes, politicians on both sides of the aisle are calling for maintaining or raising tariffs. The goal is to save jobs and raise revenue. But do tariffs help achieve these objectives? Kim Clausing joins EconoFact Chats to discuss her research on how tariffs negatively impact consumers, shift tax burdens away from the well-off toward lower-income consumers, adversely affect U.S. workers and industries, and invite retaliatory tariffs from trading partners.
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May 20, 2024 | 
piie.com | Kimberly Clausing |Mary E. Lovely
At the beginning of its history, the United States relied on tariffs—taxes on imported goods—as its major source of government revenue. That changed starting in the early 20th century, with the enactment of the federal income tax and the advent of a new consensus recognizing tariffs as regressive, burdening the working class while leaving untaxed much of the income accruing to the wealthy. At present, less than 2 percent of government revenue in high-income countries comes from import taxes.
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Apr 16, 2024 | 
podcasts.apple.com | Chris Hayes |Kimberly Clausing
We’re thrilled to share the second episode in our WITHpod 2024: The Stakes series, in which we choose specific areas of policy and talk to an expert about Trump and Biden’s records on the topic. This week, we discuss the candidates’ stances and records on one of the most important and contested topics: tax policy. Kimberly Clausing is the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law.
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Mar 26, 2024 | 
thehill.com | Kimberly Clausing |Catherine Wolfram
Trends from the 1990s have made a resurgence in today’s fashion and pop culture. But one unfortunate development from the 1990s stayed with us all along; that of politicians fearing they’ll be “BTUed,” a play on President Bill Clinton’s proposed 1993 “BTU tax,” which was a close cousin to a price on carbon emissions. Democrats in the House voted — some reluctantly — for the tax, which the Senate soundly defeated.
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Feb 26, 2024 | 
brookings.edu | John Bistline |Kimberly Clausing |Neil Mehrotra |James Stock
Because much of U.S. climate policy currently operates through the tax code, 2025 could prove to be a crucial year for U.S. climate policy choices: At the end of 2025, a large number of Tax Cuts and Jobs Act (TCJA) provisions are scheduled to expire. Policymakers across the political spectrum have expressed support for extending at least some of the expiring tax cuts and a desire to put new tax policy ideas on the negotiation table.
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Feb 23, 2024 | 
nber.org | John Bistline |Kimberly Clausing |Neil Mehrotra |James Stock
We are grateful to Joseph Aldy, Adrian Bilal, Tatyana Deryugina, Matthew Kotchen, and Robert Stavins for helpful suggestions. All remaining errors are our own. The views expressed in this paper are those of the authors and do not represent the Federal Reserve System, the Federal Reserve Bank of Minneapolis, or the National Bureau of Economic Research. Related
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Dec 15, 2023 | 
aeaweb.org | Kimberly Clausing |Catherine Wolfram
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