Commerce

No, eliminating the SALT cap will not reduce charitable giving

By Stan Veuger and Kyle Pomerleau Over at The Hill, our domestic policy studies colleague Howard Husock recently argued that repealing the $10,000 cap on the federal tax deduction for state and local taxes (SALT) would reduce charitable giving. His claim, as

Commerce

Is the spike in federal revenue permanent?

By Kyle Pomerleau The Congressional Budget Office (CBO) recently published its monthly budget review for September, now estimating a spike in federal tax receipts for the 2021 fiscal year. According to CBO, individual income tax receipts will climb by $443 billion (27.5

Foreign Policy

A fraught linkage: US-China trade, US-EU tech

By Claude Barfield Over the past weeks, the Joe Biden administration has pursued two geographic bookends of US foreign economic and strategic policy — namely the first public statement of US trade and investment policy toward China and the convening of the US-EU Trade

National Headlines

California state schools lead the way on free speech

BY SAMUEL J. ABRAMS Californians rightly pride themselves in leading the nation in numerous areas, from their stewardship of the environment, to embracing diversity and multiculturalism, to their media and technology sectors. They should be equally gratified by their unique state

Commerce

For private digital currency, insist on openness

By Jim Harper Last week, the Digital Dollar Project (DDP) highlighted the challenges involved in producing a central bank digital currency (CBDC) that will preserve important values such as privacy. Every CBDC effort we have found gives privacy protection short shrift even