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

All hands on deck: Neurodiversity and the future of work

BY BRENT ORRELL In the context of today’s post-pandemic labor shortage and jobs reshuffling, our economy needs all hands on deck. At the end of August, the number of job openings was 10.4 million. Even if we were able to match all currently unemployed

Commerce

Five Questions: Arthur Turrell on fusion energy

By James Pethokoukis and Arthur Turrell Fusion energy has been the promise of physicists for decades, but is it finally arriving? As we face a warming climate and increasing energy needs, fusion power may hold the potential to deliver an

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

City & Region

Hochul: “Bay Ridge should have its waterfront back”

Governor Kathy Hochul wants New York City to more aggressively reclaim its waterfront for public park space — and she thinks that the Bay Ridge neighborhood of Brooklyn is precisely the place to start. Hochul wants to demolish more than

Commerce

Infrastructure bill action could doom US cryptocurrency industry

By Jim Harper “CONGRESS IS SO BROKEN,” shouted Caitlin Long, founder and CEO at the Avanti Financial Group. Having spent two decades on Wall Street in stints at Solomon Brothers, Credit Suisse, and Morgan Stanley, she now inhabits the world of cryptocurrency. She

City & Region

Empire Center recognized for exposing nursing home coverup

In recognition of the importance of government transparency, the Empire Center has been selected as a finalist for the 2021 Bob Williams Award for Most Influential Research for its role in exposing the coverup of thousands of COVID-related deaths among New York’s

City & Region

DA Flynn concerned about pending parole reform legislation

Today, Erie County District Attorney John J. Flynn voiced his concerns about proposed criminal justice reform legislation that would drastically change parole requirements and allow eligible incarcerated individuals to be released early from prisons in New York State. District Attorney

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