The House recently passed the Tax Relief for American Families and Workers Act (TRAFWA) of 2024, which aims to provide tax relief to businesses and families with children in a fiscally responsible manner. But, as fellow John W. Diamond’s new commentary explains, if the bill succeeds, it would instead deliver more reckless tax giveaways while further delaying a real effort to deal with the consequences of poor fiscal policy.
Legislative action on the ballooning federal deficit is long overdue. Fellow John W. Diamond proposes a new nonpartisan fiscal commission to bypass congressional inaction on reform.
Federal marijuana legalization is on the horizon — and it’s time for the DEA to get behind the policy changes and move on to fighting more dangerous drugs, writes nonresident fellow Gary Hale.
Convening war rooms, planning speedy bailouts and raising "house-on-fire" alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
Mexican President Andrés Manuel López Obrador's deference to drug cartels in Mexico reveals that he is not interested in meaningful cooperation on bilateral drug law enforcement, and his administration should be regarded as hostile to U.S. interests, writes nonresident fellow Gary Hale.
With little pushback from the Biden administration, Mexican officials seized an American company’s port facility earlier this month. But history shows Mexico should be wary of engaging in such provocations, writes nonresident fellow Gary Hale.
Texas lawmakers must address the misuse of anticipation notes — short-term debt securities used to raise money for public projects, writes John Diamond, the Edward A. and Hermena Hancock Kelly Fellow in Public Finance. Since they don’t require voter approval, politicians could use them to fund unwanted projects, he explains.
Mexican President Andrés Manuel López Obrador is about to achieve the quiet but full militarization of Mexican society by placing all armed government forces under Defense Secretariat command, writes nonresident fellow Gary Hale. If he is successful, this could lay the groundwork for his possible extended tenure, even if it creates a military junta by subterfuge.
The most recent price tag for Biden’s student loan forgiveness plan is an estimated half-trillion dollars or more. Will higher inflation be another cost?
