Supreme Court Strikes Down Trump’s 2025 IEEPA Tariffs: Examining the Economic Fallout and Future Implications for Consumer Prices
The Supreme Court’s recent decision, declaring President Trump’s 2025 tariffs imposed under the International Emergency Economic Powers Act (IEEPA) unlawful, has sent significant ripples through the U.S. economy, immediately eliminating…
IRS Releases Initial 2026 Filing Season Statistics, Revealing Early Refund Trends Amidst Broader Context of Tax Administration
The Internal Revenue Service (IRS) has provided its initial data for the 2026 tax filing season, indicating that as of February 27, 2026, a total of 36.5 million tax refunds…
Utah’s Ambitious ‘Targeted Advertising’ Tax Faces Significant Legal and Economic Scrutiny.
Under legislation currently advancing through the Utah State Legislature, the state proposes to impose a tax on "targeted advertising" that is purchased through a bidding process and served based on…
Understanding the Border Adjustment: A Deep Dive into its Economic Implications and Historical Context
A border adjustment is a fundamental feature within a tax system designed to alter its treatment of international trade, fundamentally shifting from a source-based taxation model to a destination-based one.…
Colorado Considers Controversial Tax Revisions Targeting Phantom Income Through AMT Credit Repeal and NOL Limitations
Colorado’s legislative landscape is currently grappling with House Bill 26-1221, a proposed measure that seeks to modify the state’s alternative minimum tax (AMT) and net operating loss (NOL) provisions. These…
Pharmaceutical Tariffs Would Add Costs and Reduce Innovation
The prospect of new tariffs on pharmaceutical products and ingredients, a recurring threat from the Trump administration throughout 2025, continues to cast a shadow over the U.S. healthcare landscape. While…
Senator Bernie Sanders Introduces Billionaire Wealth Tax Proposal to Fund Social Programs Amidst Growing Inequality Debate
Senator Bernie Sanders (I-VT) recently introduced landmark legislation proposing a 5 percent annual wealth tax on billionaires, aiming to funnel the substantial revenue generated into direct payments for American citizens…
Ohio Moves to Align with Federal R&E Expensing, Bolstering Innovation and Economic Competitiveness
Ohio policymakers are currently navigating the complex landscape of tax conformity, specifically addressing alignment with the Internal Revenue Code (IRC) following the recent passage of the federal One Big Beautiful…
New Mexico’s SB 151 Poised to Reshape Corporate Tax Landscape, Drawing Concerns Over Economic Competitiveness and Investment
A recently passed bill in the New Mexico legislature, Senate Bill 151 (SB 151), is set to significantly alter the state’s corporate tax environment, sparking considerable debate among economic policy…
Navigating the AI Revolution: Tax Policy Debates and the Imperative for Forward-Thinking Reforms
The pervasive influence of Artificial Intelligence (AI) has transcended technological and industrial spheres, firmly embedding itself within the critical discourse surrounding tax policy. This burgeoning intersection was the focal point…

















