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...

Endowment Tax

Jessica Blake at Inside Higher Ed: House Republicans on the Ways and Means Committee released the full version of a long-awaited tax bill Monday that does for higher ed exactly what they suggested it would in a draft version Friday: dramatically increase the excise...

Understanding the Effects of Tariffs

Understanding the Effects of Tariffs By Kyle Pomerleau | Erica York Abstract We provide an overview of the major implications of tariffs on the economy, federal revenue, and households. Tariffs do not directly affect the trade deficit, which is driven by net lending...

Attack on the Inland Empire

Many people in the Santa Clarita Valley Inland Empire have long commutes. Charging people for the miles they drive? Absolutely not. This would be another costly blow to people who live where they can afford and have no choice but to drive long distances to work. This...