Concessions from the 2023 debt ceiling fight continue to haunt Democrats, and tax cheats could enjoy hundreds of billions in savings.
Fiscal Responsibility Act
Posted inEconomic Policy
The Coming Storm of Fiscal Policy
How Democrats created a worse debt ceiling situation in 2025
Posted inEnergy and the Environment
Congress Short-Circuits the Electric Grid
It’s bad enough not to get a clean debt bill, but it’s worse to impede electric transmission issues as part of the bargain.
Posted inTAP
Democrats’ Resounding Vote for Debt Ceiling Concessions Won’t Age Well
Today on TAP: Rep. Pramila Jayapal explains why the Fiscal Responsibility Act puts Democrats in a difficult position.
Posted inEconomic Policy
A Spending Cap in Name Only
In our final X-Date, we note how Congress is already scheming to avoid restrictions on military spending.
Posted inTAP
False Equivalence
Today on TAP: Why does the mainstream media keep depicting lunatic-right Republicans and normal Democrats as equidistant from the center?
Posted inEconomic Policy
Manchin’s Pipeline Payoff Strangles Future Permitting Reform Negotiations
The Fiscal Responsibility Act approved several items on fossil fuel industry wish lists, with nothing for renewable energy. That kills leverage for a broader deal.
Posted inTAP
Why Democrats Rescued the Deal
Today on TAP: More Democrats than Republicans voted for the Biden-McCarthy deal. Here’s why.
Posted inEconomic Policy
CBO’s Claim on SNAP Work Requirements Is Highly Suspect
Advocates question whether new enrollees will pour into the food assistance program, given bureaucratic barriers and no additional resources for caseworkers and agencies.