Addressing the Looming Fiscal Crisis: Evaluating Tax Reforms for Sustainable US Spending

As debt held by the public reaches 101 percent of Gross Domestic Product (GDP) and Social Security risks insolvency by 2032, lawmakers are confronted with the urgent imperative to steer…

The Complex Unraveling of Trump Accounts: A Critical Look at America’s Latest Savings Experiment

Last year’s One Big Beautiful Bill Act (OBBBA) has been the most consequential piece of economic legislation of President Trump’s second term in office. Championed as a landmark reform designed…

Dr. Heidi Overton Nominated as FDA Commissioner, Facing Urgent Calls for Tobacco Policy Reform

Last week, President Trump formally nominated Dr. Heidi Overton, a prominent White House domestic policy aide, to assume the critical role of Commissioner of the Food and Drug Administration (FDA).…

Dominican Republic’s Rapid Tax Reform Raises Concerns Over Process, Certainty, and International Standards

The Dominican Republic’s accelerated approach to tax reform in June has sparked significant debate, drawing criticism for its rapid legislative timeline and perceived lack of stakeholder consultation. Enacted within a…

The Global Tapestry of Wealth Transfer Taxation: Navigating Estate, Inheritance, and Gift Levies

The tax rates applied to estates, inheritances, and gifts often depend on the level of familial closeness to the inheritor, as well as the specific amount of wealth to be…

How Expensing for Capital Investment Transforms Project Economics: A Case Study Approach

The Tax Foundation, utilizing its macroeconomic model, has consistently identified improvements to cost recovery as one of the most potent pro-growth policy options available. This assessment is based on the…

If Amendment 5 Passes, Lawmakers Need a Zephyr, not a Gale, to Sail Missouri to Tax Competitiveness

Understanding Amendment 5: The Core Proposal At its heart, Amendment 5 mandates a gradual phase-out of Missouri’s individual income tax. This is a significant shift, as the individual income tax…

California’s Proposed Billionaire Wealth Tax Sparks Residency Debate and Legal Challenges.

When Meta CEO Mark Zuckerberg purchased a Florida mansion in February, the timing raised eyebrows among observers familiar with California’s unfolding tax policy landscape. Many speculated that Zuckerberg had perhaps…

U.S. Treasury Records Historic Net Outflows in Customs Duties Amidst Unprecedented Tariff Refunds and Policy Turmoil.

The United States government experienced an extraordinary fiscal reversal in May and June 2026, recording net outflows in customs duties as refunds to importers significantly outstripped new collections. This unprecedented…

The Hidden Cost: Unpacking America’s State and Federal Cigarette Excise Taxes

Cigarettes stand as one of the most heavily taxed consumer products across the United States, often leaving smokers unaware of the substantial portion of their purchase price dedicated to various…