Investing

Adam N. Michel The Low-Income Housing Tax Credit (LIHTC) awards roughly $14 billion in tax credits annually to private apartment building developers in exchange for keeping rents capped for lower-income…

Phil Gramm and Donald J. Boudreaux In their new book, The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism, former Senator Phil Gramm and Cato Adjunct…

Adam N. Michel The House of Representatives recently passed its One Big Beautiful Bill Act, which, among many other things, extends the expiring 2017 Trump tax cuts. Now the bill…

Neal McCluskey In a decision that surprised me in its rapidity, but not its outcome, the Supreme Court deadlocked four to four, leaving in place an Oklahoma Supreme Court decision…

Jeffrey Miron What level of government—state or federal—should set economic and social policy? The modern presumption is that “good” policies should be implemented federally. That is the logic behind the…

Walter Olson The battles over President Trump’s revenge orders against big law firms seem, on the surface, to have entered a quiet period. It has been weeks since Trump has…

Neal McCluskey To stick it to “woke, elite universities,” House Republicans have included a new tax on private college endowments in their “big, beautiful bill.” The rate would top out…

Robert A. Levy Today, I’m supplementing my posts of December 24, 2024 and February 25, 2025, which discuss proposals by President Donald Trump to enlarge his own powers and those of the…

Chris Edwards Recent mishaps and disasters at American airports are raising concerns about the safety of our air traffic control (ATC) system. A tragic crash in Washington, DC, equipment outages…

Romina Boccia On Friday, within mere hours of the House Budget Committee considering a reconciliation bill that threatened to accelerate the already unsustainable US debt increase by another 25 percent…