Tariffs and Affordability

Don Wolfensberger: It was one thing to think that tariffs on foreign imports was a foreign policy issue, not directly affecting average Americans. It was quite another to realize it was really a tax on goods purchased by U.S. businesses and consumers.   While both...

Butt-Legging

Alexander Hamilton wrote in Federalist 21: It is a signal advantage of taxes on articles of consumption, that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that...

The Tariff Power

Tony Romm and Ana Swanson at NYT: A federal appeals court ruled on Friday that many of President Trump’s most punishing tariffs were illegal, delivering a major setback to Mr. Trump’s agenda that may severely undercut his primary source of leverage in an expanding...

Tax Pork

Politico’s Brian Faler on some of the tax pork in the megabill: There’s a new supersized deduction for business meals — though only for employees at certain Alaskan fishing boats and processing plants, with the measure stipulating the facilities must be “located...