As families across the United States dust off backpacks, purchase notebooks, and prepare for the rhythm of a new academic year, a quiet revolution is taking place inside the nation’s classrooms. Personal finance education, historically relegated to an optional elective or overlooked entirely in favor of traditional academic subjects, has finally broken into the mainstream…
WASHINGTON — In a high-stakes pitch delivered at the Republican National Convention in Dallas, President Donald Trump unveiled a bold and politically charged proposal: a direct $5,000 cash payment for every adult citizen in the United States. The catch? The payout is strictly conditional on the Republican Party maintaining control of both the House of…
Negotiations between sovereign governments have long relied on economic leverage to alter the behavior of international counterparties and compel diplomatic compromises. While traditional geoeconomic tools—such as economic sanctions, embargoes, and retaliatory tariffs—are well-documented in the annals of statecraft, domestic tax policies have historically remained insulated from foreign policy maneuvering. That paradigm shifted dramatically with the…
As traditional cigarette consumption steadily declines across the United States—a major victory for public health—state lawmakers are confronting an unexpected fiscal headache: a widening revenue crater in state budgets. For decades, lucrative cigarette excise taxes served as a reliable stream of income for state treasuries. Now, as smokers successfully transition away from combustible tobacco, those…
OTTAWA — In a major policy announcement that promises to reshape the nation’s economic landscape for decades, the Government of Canada has declared that full expensing for machinery, equipment, and patent rights will be made permanent. The move, officially unveiled on September 15 by Minister of Finance and National Revenue François-Philippe Champagne, introduces what the…
Main Facts The United States federal government faces an unprecedented fiscal trajectory, defined by historical deficits and a debt-to-GDP ratio on track to shatter previous records. According to projections from the Congressional Budget Office (CBO), deficits as a share of Gross Domestic Product (GDP) will climb from 5.8 percent in 2026 to 6.7 percent in…
WASHINGTON — Across the United States, a historic capital investment boom is quietly rewriting the nation’s economic narrative. Driven by an unprecedented wave of technological infrastructure spending—most notably the explosive buildout of artificial intelligence (AI) servers, data centers, and advanced cooling systems—businesses are pouring money into physical and digital assets at a pace that is…
To the average consumer, a barrel is a barrel—a quintessential cylindrical container associated with oil extraction, brewing, and old-fashioned shipping. But to ask "how many gallons are in a barrel?" is to step into a regulatory minefield. While mathematics and federal law offer straightforward answers, state-level bureaucrats have spent generations muddying the waters. Today, the…
WASHINGTON — While Americans frequently debate the headline rates of income and corporate taxes, a far more insidious levy operates in the background, consuming hundreds of billions of dollars and billions of hours each year. According to official estimates from the White House Office of Information and Regulatory Affairs (OIRA) and a comprehensive economic analysis,…
WASHINGTON — As the expiration date for key provisions of the One Big Beautiful Bill Act (OBBBA) approaches at the end of 2028, Washington lawmakers face a critical fiscal crossroads. A comprehensive new economic and distributional analysis from the Tax Foundation, published in Options for Reforming America’s Tax Code 3.0: A Policymaker’s Guide to Tax…
