Politics

On a frenzied Friday in the House Ways and Means Committee, the preliminary draft of the tax portion of the so-called “big beautiful bill” was unveiled. Promoted as a panacea for economic woes, this 28-page document proposes to solidify the provisions of the 2017 Tax Cuts and Jobs Act—essentially putting a gilded seal on tax
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The Federal Open Market Committee (FOMC) has made a pivotal decision to maintain interest rates within the 4.25% to 4.5% range, succumbing to the mounting uncertainties in the economic landscape. Analysts and market observers are skittish; many suggest that this move signals a hesitance to cut rates anytime soon—potentially delaying such actions until September. This
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The recent announcement by the U.S. Department of Transportation to release a whopping $3.2 billion in infrastructure funding highlights an urgent and critical turning point for America’s public works. This funding is not just a fiscal maneuver; it represents a necessary evolution away from the ideologically charged hoops that previous administration policies imposed on essential
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The negotiation and approval processes that underpin New York’s Metropolitan Transportation Authority (MTA) funding are nothing short of a political battleground. Recently, the MTA’s CEO Janno Lieber expressed measured optimism about the new state budget that aims to fill a formidable $31 billion gap in the authority’s capital plan. While this development is eye-catching, it
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The latest maneuver by the House Transportation and Infrastructure Committee reveals a startling trend in the Republican approach to fiscal management, specifically regarding the country’s infrastructure. This week, the committee advanced portions of the GOP’s budget reconciliation bill but took a significant step backward by eliminating a proposed $20 annual national vehicle registration fee intended
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