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Donald Trump, during his 2024 campaign, frequently talked about a fairly radical taxation proposal: “No tax on tips.” The proposal was a push to...
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Donald Trump, during his 2024 campaign, frequently talked about a fairly radical taxation proposal: “No tax on tips.” The proposal was a push to...
Key Points and Summary: Elon Musk and Vivek Ramaswamy’s Department of Government Efficiency (DOGE) aims to cut $2 trillion from federal spending by targeting...
Key Points and Summary: The future of the Tax Cuts and Jobs Act (TCJA), known as the Trump tax cuts, is uncertain as key...
The eventual insolvency of Social Security is one of those issues that’s on the far horizon, even if it doesn’t seem like anyone in...
Key Points and Summary: The U.S. national debt surpassed $36 trillion in late 2024, highlighting mounting fiscal challenges. Despite this, Donald Trump’s return to...
Key Points and Summary: A fourth round of direct government stimulus checks isn’t on the horizon, despite earlier speculation. Still, roughly one million Americans...
One has to pity Jerome Powell, the Federal Reserve head. At a time when he is trying to secure his legacy by resolving the...
China Gripped by Deflation, Making Desperate Economic Moves: China’s Producer Price Index, measuring factory-gate prices, fell in November year-on-year for the 26th straight month....
Donald Trump’s Poisoned Economic Chalice: Today’s solid employment report, together with a stock market setting records day after day, seems to confirm the conventional...
In early 2008 Ben Bernanke’s Federal Reserve downplayed at great cost the downside risks to the economy coming from the subprime loan crisis. Today,...