Economic Data Contradicts USTR Claims on Trump’s Trade Policy Effectiveness, Manufacturing Sector Struggles Amidst Tariff Impact
Testifying before a congressional committee, United States Trade Representative Jamieson Greer presented a staunch defense of the Trump administration’s economic strategy, asserting that "President Trump’s trade policy is working." This…
Illinois Weighs Constitutional Surtax Amidst Warnings of Economic Damage and Outmigration Risk
A proposed constitutional amendment in Illinois, House Joint Resolution Constitutional Amendment (HJRCA) 21, faces strong opposition from tax policy experts who warn it could severely damage the state’s economic competitiveness…
Experts Converge to Unpack the Economic Ramifications of Tax Instability and Trade Volatility
A significant forum is set to convene, bringing together leading economists, former legislative aides, and policy experts to dissect the multifaceted challenges posed by tax uncertainty and fluctuating trade policies.…
Demystifying Your Tax Bill: Why a Refund or Payment Doesn’t Always Reflect Your True Tax Burden
Every tax season, millions of Americans eagerly anticipate a refund or brace themselves for a payment due, often interpreting these outcomes as direct indicators of whether their tax obligations have…
The Tangled Web of State Nonresident Income Taxes: A Growing Challenge in the Remote Work Era.
The question of whether an individual should be compelled to file a tax return in a state where they performed as little as one hour of work, such as babysitting,…
The Global Erosion of Tax Neutrality in Cross-Border Services: A Looming Threat to Economic Efficiency
Around the world, cross-border services are increasingly facing a growing and complex patchwork of discriminatory taxes, threatening the foundational principles of efficient global commerce. This emerging trend is characterized by…
Tracking Three IRS Datapoints to Watch During the 2026 Tax Filing Season
As the 2026 tax filing season draws to a close, culminating in the April 15th deadline (or April 16th, 2026, due to Emancipation Day), tax policy experts, economists, and the…
European Windfall Taxes: A Deep Dive into Their Effectiveness and Enduring Economic Impact
The European Union and its Member States have repeatedly turned to windfall profit taxes on energy companies as a rapid response to soaring energy prices, first ignited by Russia’s invasion…
Federal Tax System Maintains Progressivity Despite Post-Pandemic Adjustments, CBO Reports.
The Congressional Budget Office (CBO) recently released its updated estimates on the distribution of US household income in 2022, offering a comprehensive look at the impact of federal transfers and…
IRS Data Confirms Progressive Nature of U.S. Federal Income Tax System for 2023, Highlighting Disproportionate Contributions from Top Earners
New data released by the Internal Revenue Service (IRS) for tax year 2023 unequivocally demonstrates the enduring progressive structure of the U.S. federal income tax system, with high-income taxpayers continuing…
















