As the European Union economy strives to maintain its footing amid lingering post-pandemic adjustments and subsequent energy price shocks, geopolitical friction in the Middle East has once again injected volatility into global crude oil and natural gas markets. This supply constraint has triggered a fresh wave of surging energy prices, prompting renewed calls from policymakers…
Executive Summary: The Dual Promise of Growth and Revenue In the ongoing debate over fiscal policy and structural reform, few proposals generate as much analytical intrigue—and political friction—as replacing the traditional corporate income tax with a Destination-Based Cash Flow Tax (DBCFT). According to recent economic modeling from the Tax Foundation, published in Options for Reforming…
As families across the United States dust off backpacks, purchase notebooks, and brace for the early-morning alarm clocks of a new academic year, a quiet revolution is taking place inside the nation’s classrooms. Personal finance courses—once relegated to elective status or ignored entirely in favor of traditional academic subjects—are experiencing a massive legislative and cultural…
WASHINGTON — In the ever-evolving debate over international tax reform, a seductive economic theory has steadily gained traction among legal scholars and progressive economists: if a government fixes its corporate tax base—most notably by implementing full expensing and closing profit-shifting loopholes—the economic penalties of high tax rates effectively vanish. This conceptual framework has now been…
As a new NFL season captures the attention of millions of fans nationwide, marquee players like Patrick Mahomes, Bijan Robinson, Puka Nacua, and Jalen Carter are gearing up for the rigorous grind of a grueling football schedule. While the average fan may struggle to find common ground with these elite athletes regarding athleticism, fame, or…
By Erica York, Senior Economist, Center for Federal Tax Policy Main Facts At the Republican National Convention in Dallas, President Trump made a sweeping political and economic pledge: a direct payment of $5,000 to every adult citizen in the United States. However, this headline-grabbing proposal comes with a significant political caveat—it is conditional upon Republicans…
BRUSSELS — A quiet ideological battle is being waged across the capitals of the European Union, pitting the centralizing ambitions of the European Commission against the constitutional prerogatives of individual Member States. At the heart of this friction is the European Union’s revised Tobacco Excise Directive (TED), a sweeping legislative proposal ostensibly designed to streamline…
WASHINGTON — Across the United States, a historic capital investment boom is quietly rewriting the nation’s economic and fiscal ledger. Driven by a massive, nationwide buildout in artificial intelligence (AI) infrastructure, cloud computing, and advanced manufacturing, businesses are spending on physical assets at a rate that is drastically outpacing federal forecasts. Yet, this surge in…
Main Facts The United States federal government faces an unprecedented fiscal trajectory, driven largely by decades of escalating healthcare spending and extensive tax preferences. According to Congressional Budget Office (CBO) projections, federal budget deficits as a share of Gross Domestic Product (GDP) are set to rise from 5.8 percent in 2026 to 6.7 percent in…
OTTAWA — In a major policy shift aimed at cementing the nation’s status as a premier destination for corporate investment, the Government of Canada has officially announced the permanent adoption of full expensing for machinery, equipment, and patent rights. Unveiled on September 15 by Minister of Finance and National Revenue François-Philippe Champagne, the initiative—dubbed the…
