The highly anticipated New York mayoral election has taken a controversial turn with candidate Mamdani at the center of a storm, facing intense scrutiny over both his proposed economic policies and his pronounced anti-Israel rhetoric. Critics contend that Mamdani’s vision for the city, if implemented, echoes economic models that have […]
Tag: Economic policy
16 key provisions in Trump’s tax bill that passed the Senate
The United States Senate has successfully passed a pivotal tax bill championed by former President Donald Trump, introducing 16 key provisions set to reshape the landscape for American businesses and national economic policy. This legislative landmark signifies a substantial recalibration of the nation’s fiscal approach, designed with a clear emphasis […]
If keeping the triple lock means retiring at 74, it has to go
The contentious ‘triple lock’ policy, designed to safeguard state pensions, faces growing scrutiny as its long-term financial implications suggest an unsustainable trajectory, potentially pushing the retirement age to an unprecedented 74 years old. This politically popular guarantee, ensuring annual pension increases by the highest of inflation, average earnings, or 2.5%, […]
Trump announces U.S. has reached trade deal with Vietnam
President Donald Trump has announced that the United States has reached the outline of a significant trade agreement with Vietnam, a declaration made public through his social media platform, Truth Social. This pivotal announcement signals a potential recalibration of economic diplomacy between Washington and Hanoi, aiming to strengthen bilateral trade […]
Trump threatens up to 35% tariffs on Japan
The specter of significant economic friction looms large over US-Japan relations as President Donald Trump has issued a stark warning: trade tariffs of up to 35% could be imposed on goods from Japan. This aggressive posture comes as the Trump administration’s 90-day pause on country-specific duties is set to expire […]
How Trump’s policies are affecting the labor market
The tenure of former President Donald Trump brought forth a distinctive set of economic policies that significantly reshaped the American labor market, prompting extensive debate and analysis regarding their short-term successes and long-term implications. Central to his administration’s agenda were a series of initiatives aimed at stimulating domestic growth, including […]
Raskin: I’d Prefer Raising Taxes on Others over ‘Symbolic Consolation Prize’ of Ending Taxes on Tips
Representative Jamie Raskin (D-MD) recently offered a nuanced yet firm perspective on ongoing tax reform discussions, particularly challenging the notion of eliminating taxes on tips. Speaking on CNN’s “The Arena,” Raskin articulated a clear preference for a more robust and progressive income tax system, viewing targeted tax breaks for tipped […]
Zohran Mamdani is wrong — of course billionaires should exist
The recent pronouncements by Zohran Mamdani, the democratic socialist who triumphed in last week’s New York City Democratic mayoral primary, have ignited a fervent debate across the nation concerning the fundamental role and very existence of billionaires within a market economy. This contentious stance, directly challenging conventional economic paradigms, posits […]
Britain doesn’t need government efficiency, it needs excellence
The prevailing discourse around modern governance often champions the idea of a “cheaper government,” assuming that fiscal restraint automatically translates to superior public administration. However, as Andrew Greenway incisively argues, this notion is fundamentally misguided; true progress and efficiency stem not from mere cost-cutting, but from an unwavering commitment to […]
India exporters cautiously optimistic as US tariff deadline looms
As a crucial deadline approaches, Indian exporters find themselves caught between palpable anxiety and a glimmer of cautious optimism, keenly observing the potential reintroduction of tariffs by former US President Donald Trump. These duties, widely regarded as ‘punishing’ from their previous imposition, threaten to significantly impact India’s vital export economy, […]
The Latest: Trump says Israel agrees to 60-day ceasefire in Gaza, urges Hamas to accept
In a significant legislative triumph for President Donald Trump, a sweeping bill encompassing substantial tax breaks and spending cuts successfully navigated a tumultuous path through the United States Senate, ultimately securing passage by the narrowest of margins after an intense overnight session. This hard-won victory marks a major milestone for […]
Trump’s economy: A weak link in MAGA’s chain
For Democrats seeking to dismantle the formidable political edifice known as MAGA, a crucial strategic pivot emerges: a laser focus on the economic policies of former President Donald Trump, particularly their discernible impact on household budgets. Rather than engaging solely in cultural battles, the path to undermining his enduring influence […]
Trump administration pushed Senate to pass ‘Big, Beautiful Bill,’ as Trump argues with Musk
The political arena in Washington D.C. recently witnessed a concerted push by the Trump administration to secure the passage of what was colloquially termed the “Big, Beautiful Bill,” a significant piece of legislation poised to reshape aspects of American society, even as former President Donald Trump engaged in a high-profile […]
Sustainable Investment Stumbles on Uncertain Pace of Energy Transition
The promise of sustainable investment, once seen as an unstoppable force reshaping global finance, is once again confronting a significant recalibration, largely due to a more realistic assessment of the global energy transition’s pace. This sector, which has experienced previous periods of booming interest followed by retrenchment, finds itself navigating […]
Mike DeWine signs massive tax cut for the wealthy, at the expense of the rest of us, into law: Today in Ohio
Ohio Governor Mike DeWine has officially enacted a significant tax cut into law, a legislative move that has immediately ignited widespread debate and intense scrutiny across the state. Characterized by critics as a ‘massive tax cut for the wealthy,’ this pivotal decision in Ohio politics raises considerable concerns about the […]
Even Sky-High Income Tax Rates Won’t Stop the Relentless Rise of the Richest
The persistent ascent of the wealthiest segments of society appears to be an unyielding force, a trend that even significant shifts in fiscal frameworks, such as former President Donald Trump’s highly debated “One Big Beautiful Bill,” seem unable to fundamentally alter. While critics widely decried this legislation as an unprecedented […]
Stability is the SLR proposal’s goal — but it’s no guarantee
The recent proposal to modify the Supplementary Leverage Ratio (SLR) stands as a pivotal effort by financial regulators to fortify the stability and function of the crucial Treasury market. This foundational minimum capital requirement, which dictates how much equity banks must hold relative to their total assets, is designed to […]
Public forum: July 1, 2025
The political landscape is abuzz with anticipation for a pivotal public forum scheduled for July 1, 2025, where the spotlight will shine on a significant legislative proposal championed by former President Donald Trump. Colloquially dubbed his ‘beautiful’ bill, this piece of legislation is poised for intense scrutiny, primarily due to […]
Ivo Welch: No one can grasp trillions. Here’s how to make sense of federal spending and debt
Grasping the sheer scale of federal spending and national debt, figures that routinely stretch into the trillions, presents a formidable cognitive challenge for the average individual. As economist Ivo Welch astutely points out, the human mind is inherently ill-equipped to intuitively comprehend such astronomical sums, leading to a significant disconnect […]
Trump global aid cuts risk 14 million deaths in five years, report says
A recent report from The Lancet, a globally recognized science journal, has issued a grave warning: proposed global aid cuts, particularly those advocated by former President Donald Trump, risk an estimated 14 million additional deaths over a five-year period. This alarming projection underscores the critical human cost of shifts in […]
USAID cuts may cause over 14 million additional deaths by 2030, study says
A recent study has issued a stark warning: significant cuts to the United States Agency for International Development (USAID) could lead to an estimated 14 million additional deaths globally by 2030. This alarming projection underscores the profound human cost associated with reductions in foreign aid, highlighting the critical role USAID […]
President Trump Has Made Some Big Social Security Changes, but So Far He Hasn’t Touched This Key Issue
During his tenure, President Donald Trump’s administration initiated various changes concerning the nation’s pivotal Social Security program, addressing certain operational aspects of the retirement system. While these adjustments aimed to enhance efficiency and manage immediate concerns, a fundamental and deeply entrenched challenge concerning the long-term solvency and structural integrity of […]
Zohran Mamdani’s anti-billionaires declaration is anti-New York City and so many of the things that make it great
Assembly Member Zohran Mamdani has ignited a significant debate with his vocal “anti-billionaire” declaration, a stance that, for many, fundamentally misinterprets and potentially undermines the intricate economic and social fabric that defines New York City’s global prominence. This provocative viewpoint, suggesting an adversarial relationship with the city’s wealthiest residents, has […]
Five years later, the pandemic still weakens two California employee safety nets
Five years on, the profound and persistent shadow of the COVID-19 pandemic continues to cast a detrimental pall over two critical employee safety nets in California, setting the stage for anticipated and contentious legislative battles within the Capitol. What initially seemed a temporary disruption has evolved into a prolonged strain, […]
The Decline And Fall Of Our So-Called Degreed Experts
Recent years have witnessed a significant re-evaluation of the pronouncements from our so-called “degreed experts,” particularly as their predictions increasingly diverge from real-world outcomes. A recurring theme has emerged: the conventional wisdom, often espoused by university economists, policy strategists, and academic elites, frequently fails to align with subsequent data and […]