Economic commentator Lawrence Kudlow has emerged as a leading candidate to chair the White House Council of Economic Advisers, according to people familiar with the transition, a move that would place an establishment Republican who served in the Reagan administration in charge of shaping economic analysis in the Trump White House.
Mr. Kudlow was an early supporter of Donald Trump and helped craft different iterations of the campaign’s tax-cut proposals. But in the final stretch of the campaign, he signaled some reservations with Mr. Trump’s more strident critique of free trade and the Federal Reserve.
People familiar with the discussions said a final decision hadn’t been made and said the transition team could still move in a different direction.
How can I say this politely? The head of the CEA is usually a distinguished economist. Larry Kudlow is…not that.
Repealing Obamacare would amount to a tax cut for the wealthiest Americans and a modest tax hike for some of the lowest earners, a new study found.
If the law were eliminated, as President-elect Donald Trump and members of Congress have pledged to do, the top 1 percent of earners would see an average tax cut of $33,000, while the top 0.1 percent would enjoy an average tax break of $197,000, the Tax Policy Center found. The non-partisan group is a joint venture of the Urban Institute and the Brookings Institution.
Meanwhile, the lowest-income households, which make less than $25,000, would see their tax bills increase on average by $90 under a full repeal. But that average masks a wide variation — most low-income households would see no change, researchers found, and 7 percent of them would get an average tax cut of about $1,200. But 4 percent would see a tax increase averaging almost $3,900.
It would really break Republicans’ hearts to see the rich get a big tax cut, though.
* Harris Meyer reports that there are even some Republicans worried about the revenue the government would be giving up by repealing the ACA.
* Philip Klein has a detailed look at the process Republicans will use to set about repealing Obamacare very early in the new year. This is happening.
* Ilyse Hogue, the head of NARAL Pro-Choice America, is also considering running for DNC chair. She has a statement for any Democrats thinking of going wobbly on ACA repeal: if you go along with the Republican effort, NARAL won’t support you in 2018.
* Dahlia Lithwick says that in these uncertain times we can learn a lot from the women who made it to the Supreme Court.
* And finally, if you haven’t checked out this document written by some former congressional staffers entitled “Indivisible: A Practical Guide for Resisting the Trump Agenda,” you might want to take a look.