In a political landscape often mired in partisan gridlock, the reintroduction of the Tribal Tax and Investment Reform Act shines as a beacon of hope for Native American tribes striving for economic empowerment. Spanning decades, the struggle for equitable treatment under U.S. tax law has hampered tribal development and stymied efforts to build self-sustaining economies.
Politics
In this tumultuous political climate, the Internal Revenue Service (IRS) finds itself in a state of disarray. With significant leadership gaps and endless political jockeying for the position of commissioner, the agency’s efficacy is at stake. The National Association of Bond Lawyers (NABL) recently aimed its concerns at the IRS, an indication of how marketplace
In a significant shift that could reverberate across the investment landscape, BlackRock Inc. has been reinstated from Texas’ blacklist targeting companies that “boycott” fossil fuel investments. This decision highlights not only the contentious intersection of environmental policy and business but also reflects a broader ideological battle over energy resources in America. The removal from the
In recent weeks, the Louisiana legislature found itself at a crossroads, one that reflects a larger national conversation on fiscal responsibility and economic strategy. A proposed series of tax cuts, championed primarily by Republican lawmaker Julie Emerson, was surprisingly shelved by a Senate committee after the Louisiana Legislative Fiscal Office issued a dire warning. The
As we approach the end of a pivotal legislative cycle, attention turns to the One Big Beautiful Bill Act (OBBBA), which proposes significant changes to the state and local tax (SALT) deduction cap. The House has made a concession to GOP representatives from high-tax states by raising the SALT deduction cap from $10,000 to $40,000
The recent news of the University of Idaho’s stalled acquisition of the online University of Phoenix marks a significant turning point in the institution’s quest for growth and modernization. After two years of arduous negotiations, both parties have mutually agreed to part ways, with the University of Phoenix attributing the decision to obstacles that rendered
In the United States, the very foundation of our nation—infrastructure—is crumbling. Despite the amount of public discourse surrounding infrastructure, the reality is dismal: we face a staggering $3.7 trillion funding gap that threatens our roads, bridges, and transit systems. As Congress grapples with budget reconciliation, crucial choices regarding surface transportation reauthorization are hanging precariously in
As the golden state of California and its neighboring Pacific states reel from sharply declining revenue projections, a political storm brews that could alter the fiscal landscape for years to come. With an alarming expected shortfall of up to $12 billion in California, $756 million in Oregon, and an $845 million downgrade in revenue expectations
Recent months have unveiled a shocking reality for Harvard University, a name synonymous with prestige and excellence. Once considered untouchable in the municipal bond market, the university’s tax-exempt bonds have experienced an alarming decline in value. This turmoil is attributed to an unprecedented clash between the institution and the current Trump administration, raising critical concerns
Once again, Washington, D.C. finds itself in the throes of a budgetary puzzle that, despite outward appearances of control, exposes a deeper chaos within city finances. Mayor Muriel Bowser’s recent announcement of a $21.8 billion budget for fiscal year 2026 may seem optimistic on the surface, but it is fraught with contradictions. While the administration