In the wake of heightened geopolitical tensions and the resulting volatility in the Strait of Hormuz, a trio of prominent Democratic senators—Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO)—has unveiled the Taxing Buybacks from Big Oil Windfalls Act. The proposed legislation, which seeks to dramatically hike the excise tax on stock repurchases for…
On March 31, 2026, the U.S. Department of Education implemented significant modifications to the Public Service Loan Forgiveness (PSLF) buyback program. For thousands of public-sector employees—ranging from teachers and nurses to government officials and non-profit staff—this administrative shift represents a substantial increase in the financial burden required to secure debt forgiveness. As the regulatory landscape…
On March 31, 2026, the U.S. Department of Education quietly implemented a significant structural change to the Public Service Loan Forgiveness (PSLF) buyback program. This policy shift, while administrative in nature, carries profound financial implications for thousands of public-sector employees—particularly those whose repayment trajectories were disrupted by the protracted litigation surrounding the Saving on a…
