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Jacob Bogage
Congress + economics, The Washington Post
Jacob Bogage is a journalist who currently works as the Congressional economics correspondent for The Washington Post. In this role, he covers economic policy and legislation in the United States Congress, focusing on how these issues impact American businesses and consumers.
Career at The Washington Post
Bogage has been with The Washington Post for several years, having held different positions within the organization:
Congressional Economics Correspondent:: This is his current role, where he reports on economic matters related to Congress.
Business Reporter:: Prior to his current position, Bogage worked as a business reporter for the Post. In this capacity, he covered various aspects of the business world, including corporate news, market trends, and economic developments.
Education and Background
While specific details about Bogage's educational background are not provided in the given information, it's common for journalists in prominent positions at major newspapers to have degrees in journalism, communications, or related fields.
Professional Presence
Jacob Bogage maintains a professional presence on LinkedIn, with his profile username being jacob-bogage-7306a962. This platform likely serves as a way for him to network with other professionals in the journalism and economics fields, as well as to share his work and insights.
Expertise and Focus
As a Congressional economics correspondent, Bogage's work likely involves:
- Analyzing proposed economic legislation
- Reporting on Congressional hearings related to economic matters
- Interviewing lawmakers and economic experts
- Explaining complex economic policies to the general public
- Covering the intersection of politics and economics in Washington, D.C.
His position at The Washington Post, one of the most respected newspapers in the United States, indicates that Bogage is a skilled and knowledgeable journalist in the field of economics and politics.
Highlights
🚨 A #scoop from me and Jeff Stein in The Washington Post today:
Kamala Harris is considering significant guardrails on her plan to end taxes on tips, strategies to prevent the super rich from claiming another tax break and to make sure tipped workers can still get full Social Security benefits.
The nuts and bolts:
1⃣ Harris is considering capping eligibility for tax-free #tips for workers making < $75,000 AND would be limit to service/hospitality industries.
- The $75K limit would include the vast majority of tipped workers. At this limit, hairdressers 💇♀️ , barbers 💈, bartenders 🍻 , waiters 🍲 would get a hefty tax cut. But the maître d' at a fancy steakhouse 🥩 probably would not.
- Limiting eligibility by industry would make sure corporate lawyers and executives couldn't game the system to classify their compensation as a tip.
2⃣ Exempt tips from income #tax, but not payroll tax -- which is important, because it dictates workers' #SocialSecurity benefits.
- This is super important. A simple way of explaining: How much you pay in payroll tax dictates how much you receive in Social Security benefits when you retire.
- If you exempt tips from payroll tax, a worker pays less into Social Security, and would get less when they retire.
- So Harris's plan maintains the payroll tax contribution, aimed at making sure tipped workers get their full Social Security protections.
3⃣ Cap the amount of tips a worker could claim as tax free.
- This is another way to prevent the policy from becoming a loophole. The campaign has not discussed a dollar figure yet for this cap, but it's a serious part of the proposal, sources tell me and Jeff.
4⃣ Pair the tip tax policy with an increase to tipped #minimumwage.
- Expect Harris to talk about this proposal as part of a broader pro-worker platform that includes increasing the tipped (and non-tipped) minimum wage.
A major caveat: Could a bill like this pass #Congress? Uh, not sure. There is a Republican bill to end tax on tips, but it doesn't have any of these guardrails Harris is considering. And we don't know any details about Trump's plan to end taxes on tips.
🤔 But is it good policy? Economists don't think so.
💸 Tipped workers aren't a huge part of the economy, so it's not like this policy would lift up a large portion of the working class. And making too much money could hurt tipped workers. It could push them into higher income brackets that make them ineligible for things like the earned income tax credit.
Dig into taxes and #policy some more with me and Jeff:
👀 This is as wild a story as I've read in a long time. #Deepfakes powered by #AI are coming this #election season, and main tools we have to detect them don't always work.
So how do these deepfake detectors function? Go inside with Cat Zakrzewski, Pranshu Verma & Kevin Schaul, my colleagues The Washington Post.
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