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

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

Commerce

Childcare not to blame for employment troubles

BY ANGELA RACHIDI The disappointing April jobs report raised new questions about how government policies, such as enhanced unemployment insurance, have slowed the economic recovery by discouraging people from returning to work. Some have suggested that closed childcare facilities and schools, not employment disincentives, are

Commerce

New York’s jobs recovery outpaced U.S. in April

BY E.J. McMAHON Private-sector employment in New York increased faster than the nationwide recovery rate in the month of April, according to the state’s latest monthly jobs report. The April count of private-sector employment was estimated at 7.4 million jobs, up

Commerce

The zero-sum administration’s corporate tax plan

BY PAUL H. KUPIEC Newly-elected administrations try to lay the groundwork for their legacy in the first 100-days in office. During their “honeymoon” period, they introduce landmark legislation and issue executive orders to address existential economic or national security concerns,