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April 17, 2025
As Congress negotiates a bill to overhaul the federal budget, lawmakers looking to save money should note $30 billion in potential savings hiding in plain sight. The Public Service Loan Forgiveness (PSLF) program, which fully discharges the student loans of borrowers who work for the government or a nonprofit for 10 years, is one of…
April 9, 2025
Last Friday, we showed that the Trump Administration’s tariff formula contained an error that made its calculated tariffs up to four times too large. The entire premise of the administration’s approach—that a country’s tariff and non-tariff trade barriers can be derived solely from the bilateral trade balance with that country, and that the goal of…
April 8, 2025
Health insurance subsidies, especially as provided by Medicaid, are under scrutiny as Republicans scout for savings to make way for their tax agenda. However, instead of selective cuts, Congress should simplify the enrollment rules, treat individuals with similar incomes more equally regardless of where they get their coverage, and implement reforms which will lower costs…
April 8, 2025
Congressional Republicans are considering a significant hike in the excise tax on the endowments of rich universities as part of a broader tax reform effort. Most private universities with more than $500,000 in endowment assets per student are subject to a 1.4 percent excise tax on their net investment income. Some Republicans have proposed raising that tax rate to…
April 4, 2025
President Trump on Wednesday announced tariffs on practically every foreign country (and some non-countries), ranging from a 10 percent minimum all the way up to 50 percent. The economic fallout has been dramatic, with the stock market losing nine percent of its value (based on the S&P 500 index at the time of writing) and…
March 31, 2025
Earlier in my professional life, I was the head of the political science department at Stony Brook University. When the chairs of the arts and science met, someone from the physical or life sciences would inevitably argue that the “hard” natural sciences deserved more support than the “soft” social sciences. My rejoinder was one of…
March 25, 2025
The Institute of Education Sciences (IES) has taken a hit from DOGE, losing about 90 percent of its workforce. Regardless of the future of the Education Department, we need to continue to improve education R&D and identify what in IES should be preserved, or indeed expanded, to meet the nation’s needs today and in the…
March 13, 2025
Following a month-long pause, President Trump last week reimposed tariffs on Canada and Mexico, only to pause many of them again two days later. Different reasons have been offered by the Trump Administration for the tariffs, but in recent days the President’s advisers have honed in on one reason in particular: Fentanyl is being shipped across our borders with…
February 28, 2025
Congress is considering implementing work requirements for Medicaid. This reform could help Congress achieve its goal of reducing federal expenditures and simultaneously strengthen the incentive for Medicaid recipients to work. At the same time, individuals who do not comply with the work requirement may lose health insurance coverage. Underlying the policy debate is the extent…
February 4, 2025
Some pro-family conservatives are rallying around Rep. Blake Moore’s (R-UT) Family First Act. Relative to a clean extension of the Tax Cuts and Jobs Act, the bill would cost an additional $575 billion over the next decade in order to increase the generosity of tax breaks targeted at families with children. The bill would lead over half of tax filers…