Newsletter

  • The Air Force Wants More Planes – and a Lot More Money

    The Air Force is 71 years old today, and its birthday wish list is a doozy. Saying that growing threats from China and Russia call for a substantial increase in U.S. air power, Air Force Secretary...

  • Chart of the Day: Evolving Price of the F-35

    The 2019 National Defense Authorization Act signed in August included 77 F-35 Lightning II jets for the Defense Department, but Congress decided to bump up that number in the defense spending bill...

  • U.S. 1040 Individual Income Tax forms are seen in New York

    Tax Cuts Put the Brakes on Bracket Creep

    Receipts from individual income taxes tend to rise every year due to what economists call “bracket creep” – the movement of more taxpayers into higher tax brackets over time, even as tax rates stay...

  • Why the Markets Aren’t Freaking Out About Soaring US Debt

    Does the high and rising level of U.S. public debt matter? If so, how concerned should we be? Goldman Sachs asks those questions in a new research piece, noting that the “fiscal outlook for both...

  • The federal government forms for applying for health coverage are seen at a rally held by supporters of the Affordable Care Act, widely referred to as "Obamacare", outside the Jackson-Hinds Comprehensive Health Center in Jackson, Mississippi, U.S. on Octo

    House to Considers Billions in Cuts to Obamacare Taxes

    In addition to a package of bills that would make the individual tax cuts permanent , the House is expected to consider legislation this week that would delay or roll back multiple tax provisions in...

  • Arkansas Drops Thousands from Medicaid

    More than 4,000 people will lose their Medicaid coverage in Arkansas for failing to meet the state’s new work requirements. Earlier this year, the Trump administration approved the new work rules,...

  • Why Democrats Want to Bring Back Earmarks

    Minority Whip Steny Hoyer (D-MD) wants to restore earmarks as part of Democrats’ effort to “ fix government ” should the party win control of the House in November. The use of earmarks — funds for...