Politics

The Trump administration is asking for new regulations in the name of grid reliability. Specifically, it wants to support coal and nuclear power to make sure the U.S. always has a  supply on-hand for possible times of need. But skeptics wonder if this is all a back-door bailout for power plants that simply can’t compete […]

The Federal Reserve Bank’s message for a while now has been, broadly speaking, “the economy’s doing pretty well.” The central bank has also said it’s time to phase out the extraordinary support that it put in place during the financial crisis, like ultra-low interest rates. As the unemployment rate has dropped, there are real worries […]

The only issue that could possibly affect more Americans than health care is taxes. And as you might expect, lobbyists and trade organizations of all stripes and sizes have something to say about the new GOP tax framework. Capitol Hill is about to become a hornet’s nest of lobbying activity, as multiple parties seek their […]

President Trump and his team have repeatedly said over the last few weeks that their tax bill won’t include tax cuts for the wealthy. It’s a promise the president repeated yesterday and that his economic adviser, Gary Cohn, echoed this morning on “Good Morning America.” But how true is that claim? Click the audio player […]

The first major tax code rewrite since 1986 is set to bring on a lobbying frenzy. Every element of the tax code has a constituency, and behind that constituency, a solid lobbying effort. It’s been called the “hunger games” for lobbyists. We look at what’s at stake for them.  Click the audio player above to […]

A key component of the Republican tax plan is doubling the standard deduction for individuals. The standard deduction reduces the amount of income on which you pay taxes, so doubling it means folks who typically take the standard deduction could have lower taxable income. And it also could lead more people to take the standard […]