Main Facts The United States federal government is standing on an unsustainable fiscal precipice, driven predominantly by a decades-long expansion of healthcare spending and generous tax preferences. According to recent projections from the Congressional Budget Office (CBO), federal budget deficits are set to rise from 5.8 percent of Gross Domestic Product (GDP) in 2026 to…
WASHINGTON — Across the United States, a historic surge in capital expenditure is redrawing the economic landscape. Driven in large part by an unprecedented buildout in artificial intelligence (AI) infrastructure, cloud computing hardware, and advanced data centers, U.S. business investment is skyrocketing well above long-term federal projections. Simultaneously, this investment wave is interacting with critical…
WASHINGTON — It is one of the most fundamental questions in commerce: How many gallons are in a barrel? To the average consumer, the answer might seem like a straightforward mathematical conversion. Yet, for businesses operating across state lines, the response is frustratingly nuanced. The actual volume depends entirely on the substance inside the container—whether…
Main Facts Navigating the U.S. federal tax code is more than an annual financial obligation; it has evolved into a massive, multi-billion-hour economic drag. According to the latest estimates from the White House Office of Information and Regulatory Affairs (OIRA), Americans will spend nearly 6.9 billion hours complying with IRS tax filing and reporting requirements…
DENVER — When Coloradans head to the polls this Election Day, they will confront a monumental fiscal crossroads that could fundamentally reshape the state’s economic landscape for decades. Voters are tasked with deciding the fate of two directly competing ballot measures concerning individual and corporate income taxes. The outcome will determine whether Colorado remains committed…
By State Tax Policy Desk Expanded and enriched reporting based on analysis originally published in NJ Spotlight News. Introduction and Main Facts For hundreds of thousands of New Jersey homeowners and renters, the arrival of autumn usually means keeping a close eye on the mailbox for a familiar envelope: a property tax rebate courtesy of…
As the United States races to dominate the global artificial intelligence (AI) landscape, an old ghost has risen from the digital crypt. Driven by staggering investments in data centers, massive computing power, and neural network architectures, policymakers are increasingly looking for ways to capture revenue from the AI boom. Some proposals target the broad wealth…
As policymakers in Washington continually grapple with the structural integrity of the federal tax code, a new comprehensive analysis from the Tax Foundation highlights the profound trade-offs inherent in targeted tax relief. According to the organization’s newly published book, Options for Reforming America’s Tax Code 3.0: A Policymaker’s Guide to Tax Reform Trade-Offs, extending four…
BRUSSELS — The European Union’s ongoing push to overhaul its bedrock fiscal and regulatory frameworks has once again brought the perennial tension between European integration and national sovereignty to a head. At the center of this brewing storm is the European Commission’s proposed revision of the Tobacco Excise Directive (TED), a sweeping legislative package that…
MADRID — As economic pressures mount and global competition for talent and capital intensifies, Spain’s decentralized tax landscape is experiencing a profound evolution. The newly released 2026 Regional Tax Competitiveness Index (RTCI), published in collaboration with the Fundación para el Avance de la Libertad, offers a stark look at how the nation’s 19 autonomous communities…
