Main Facts A decade has passed since House Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady unveiled the "Better Way" tax reform blueprint—a sweeping legislative framework that laid the intellectual and structural groundwork for the Tax Cuts and Jobs Act (TCJA) of 2017. As the most comprehensive overhaul of the United States…
By Tax Policy Desk Analysis Published in collaboration with policy research updates Main Facts The landscape of state-level digital taxation is facing an existential crisis following a landmark court ruling in Maryland that struck down the nation’s first digital advertising tax. While Utah, Maryland, and Illinois share little in common regarding their geographic locations, political…
WASHINGTON — In recent months, financial news and economic commentary have rallied around a stark narrative: capital is gobbling up an ever-expanding slice of the American economic pie at the direct expense of workers. Driven largely by a widely cited series from the Bureau of Labor Statistics (BLS), headlines have warned that the U.S. labor…
Main Facts: The Evolution of Crypto Taxation As cryptocurrency firmly establishes itself in the mainstream financial ecosystem—with recent estimates indicating that roughly one in five U.S. adults now utilize or invest in digital assets—the intersection of blockchain technology and federal tax policy has reached a critical juncture. The explosive growth of the digital asset market,…
As the European Union economy continues to navigate a turbulent global landscape—recovering from the severe energy price shock triggered by Russia’s invasion of Ukraine while facing renewed geopolitical tensions in the Middle East—policymakers are once again turning to familiar interventionist measures. With oil and gas supplies constrained and energy prices creeping upward, interest in "windfall…
As families across the United States dust off backpacks, purchase notebooks, and prepare for the annual return to the classroom, a quiet revolution is taking place in American education. Personal finance education—once relegated to an elective status or ignored entirely—is finally gaining the institutional momentum it has long deserved. This fall, 30 states have enacted…
As policymakers continually search for structural solutions to tame the national deficit while simultaneously stimulating economic vitality, tax economists have increasingly directed their attention toward sweeping foundational overhauls. Among the most ambitious proposals featured in the latest edition of the Tax Foundation’s Options for Reforming America’s Tax Code 3.0: A Policymaker’s Guide to Tax Reform…
Main Facts A provocative upcoming paper in the Tax Law Review, titled “Taxation and Deglobalization” by prominent legal scholar Reuven Avi-Yonah, has ignited a fierce debate among economists and tax policy analysts. Avi-Yonah argues that if governments implement comprehensive structural reforms to the corporate tax base—specifically incorporating full expensing for capital investments and measures to…
As millions of football fans gear up for a fresh NFL kickoff, superstars like Patrick Mahomes, Bijan Robinson, Puka Nacua, and Jalen Carter are preparing for more than just physical showdowns on the gridiron. When these elite athletes pack their bags for away games this season, they aren’t merely traveling to compete—they are embarking on…
By Erica York, Senior Economist, Center for Federal Tax Policy Main Facts During a high-profile address at the Republican National Convention in Dallas, President Trump made a sweeping electoral pledge: every adult citizen in the United States will receive a direct $5,000 dividend payment. However, this windfall is explicitly conditional. The payouts depend entirely on…
