Over the past four decades, Congress has substantially reformed the tax code eight times, most recently in 2017 with the Tax Cuts and Jobs Act. With the lawset to expire in 2025, Wendy Edelberg and Ben Harris argue that future tax debates should prioritize considerations about tax reform’s effects on revenues, economic incentives and behavior, and the distribution of income.
Before the second Republican presidential debate, Donald Trump and Joe Biden were in Michigan for their own battle, one for America’s working-class voters. William A. Galston and Elaine Kamarck provide historical context on each party’s appeals to the working class and argue that for Trump and many others, the contest for the Republican presidential nomination is already over.
Germany successfully adapted to the cut-off of natural gas from Russia last year, suggesting that the country could have moved more swiftly to sanction Russia after it invaded Ukraine. Benjamin Moll, Moritz Schularick, and Georg Zachmann explain how Germany was able to navigate its energy conundrum.
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