Politics

As state and local tax deduction battles continue, a worrying portrait of fiscal reality emerges. Despite signs of improvement in personal income tax revenues, state tax coffers appear to be feeling the pinching effect of faltering corporate and sales tax contributions. Analysts like Lucy Dadayan from the Tax Policy Center are sounding the alarm: “The

In recent developments, the conversation surrounding infrastructure funding has taken a critical turn, raising concerns about the future of public transit in America. The reauthorization of the surface transportation bill promises new financial avenues, yet also casts a shadow on how those funds will be allocated. As politicians gather at legislative conferences, like the recent

In the labyrinthine world of bankruptcy, few conflicts have drawn attention like the ongoing battle surrounding the Puerto Rico Electric Power Authority (PREPA). At the heart of the turmoil lies a staggering administrative expense claim, estimated to exceed $3.7 billion, posed by PREPA bondholders. The Puerto Rico Oversight Board contends, however, that these claims should

The urgency surrounding infrastructure in the United States is undeniable. The Biden administration’s Bipartisan Infrastructure Law, a $1.2 trillion initiative, was touted as a groundbreaking opportunity to address our nation’s crumbling roads, bridges, and public transport systems. However, it’s essential to analyze the limitations of federal funding mechanisms and explore how private investment might be

In a world where political maneuvers can often appear detached from everyday hardships, the ramifications of trade tariffs are reshaping the landscape for American small businesses in a profoundly negative way. The recent pronouncements by Federal Reserve Governor Michael Barr have thrown a glaring spotlight on the turbulent waters that small enterprises must navigate due

Maryland’s recent cut in its credit rating by Moody’s to Aa1 is a clarion call for citizens and leaders alike. With this downgrade, the state joins a club of financial vulnerability that should concern every resident. The heart of the issue lies in Maryland’s overreliance on federal policies, which seemingly sway with every change in

The current status of Newark Liberty International Airport serves as a stark reminder of the crippling consequences of decades-long neglect of our aviation infrastructure. U.S. Department of Transportation Secretary Sean Duffy’s recent announcement to reduce flights at this key gateway due to crumbling facilities exposes a growing urgency that cannot be ignored. This isn’t just

In a political landscape saturated with promises and proposals, the House Ways and Means Committee has unveiled a preliminary draft of what they are calling the “big beautiful bill.” While the document itself extends only to 28 pages, its potential implications on the economy could be staggering. Scheduled for further discussion on Tuesday, this draft

In the labyrinth of Congressional budget reconciliation, an unexpected player is making headlines: the publicly owned power companies are aggressively pursuing the elective pay program. Initially introduced through the Inflation Reduction Act, this initiative transforms tax credits into cash, becoming a potential catalyst for a renaissance of nuclear energy. At a time when conventional energy

The political landscape in America is undergoing significant changes, and with it comes a renewed emphasis on fairness in taxation, particularly regarding the State and Local Tax (SALT) deduction cap. New York Representative Nick LaLota has positioned himself at the forefront of this debate, arguing that the SALT cap, instituted as part of the 2017