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
Politics
The landscape of energy financing is undergoing a seismic shift as publicly owned power companies embrace the elective pay program, a notable initiative stemming from the Inflation Reduction Act. The essence of this program lies in its ability to transform green energy tax credits into immediate cash, positioning it as a transformative tool for the
As the political landscape continually shifts, it’s becoming increasingly clear that the state and local tax (SALT) deduction cap has emerged as a significant flashpoint within the GOP. Congressman Nick LaLota of New York recently underscored this critical issue, pointing out not only the inherent fairness of adjusting the SALT cap but also how it
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
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
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
President Trump’s decision to propose a budget cut of $163 billion presents a complicated picture for the aviation industry. On one hand, fiscal discipline might be necessary in a world where government expenditures often balloon beyond sustainable limits. However, when it comes to aeronautics—a sector crucial not only for the economy but also for public
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
The affordable housing crisis is a silent epidemic that has taken root in urban and rural America alike. Households torn apart by financial burdens, soaring rents, and a dwindling stock of affordable units reflect a systemic failure that political action must urgently address. With the booming rate of housing inflation—4% over the past year nationally
Sanctuary cities have become a hotbed of controversy, igniting vehement debates across the United States. At the heart of this issue lies a critical question: should local jurisdictions take it upon themselves to defy federal immigration laws to protect undocumented immigrants? While the intention behind such policies may stem from a desire for inclusivity and