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Congress · 117th Congress

Lawmakers who ran on ‘SALT’ relief prepare to face voters

Senate Democrats pushed back against the House-passed provision, which would deliver more than 30 percent of the tax benefit to the top 1 percent of households based on income, according to the Tax Policy

Policy · 117th Congress

SEC’s new crypto enforcers are coming for DeFi, lawyers say

Sithian of Crowell & Moring LLP said scrutiny is likely over algorithmic stablecoins, which are digital assets that use a market-based arbitrage system, controlled by computers, to maintain a value of $1

Policy · 117th Congress

Supreme Court limits relief for certain detained immigrants

In an 8-1 ruling, the high court found that the federal government is not required to give immigrants bond hearings after six months in detention, if those immigrants had already been ordered deported

Congress · 117th Congress

Bipartisan crypto bill outlines regulatory, tax framework

The drop in value of some cryptocurrencies in May, including the algorithmic stablecoin Terra, which lost its $1 peg, was followed by dips in other cryptocurrencies including bitcoin and Tether.

Policy · 117th Congress

Unexplained tax revenue growth vexes budget scorekeepers 

Back out the last two years of that budget window when major pieces of the tax law are set to expire, and total revenue is still on pace to come in $1 trillion higher than the June 2017 forecast

Policy · 117th Congress

SCOTUS leak prompts investors to press companies on abortion

recommended to its clients with shares in Walmart to vote for Clean Yield’s resolution on addressing the impact of state laws on employees’ access to reproductive health services at the company’s June 1

Policy · 117th Congress

CDC: 2020 saw most firearm deaths since 1994

If you or someone you know is facing a suicidal crisis, please call the toll-free, 24-hour hotline of the National Suicide Prevention Lifeline at 1-800-273-TALK (1-800-273-8255) to be connected to

Campaigns · 117th Congress

It’s probably still the economy, stupid

While public opinion polls consistently show support for preserving Roe is strong, the key electoral questions are (1) How many people will change their partisan vote intention because Roe is overturned

Policy · 117th Congress

Tax revenue boom fuels steep budget deficit decline

Those figures suggest a less-than-$1 trillion deficit for the current fiscal year, dramatically undershooting prior forecasts by the CBO and White House budget office.

Policy · 117th Congress

Critics see risk in ‘algorithmic’ stablecoins

If the price of the stablecoin rises above $1 based on investor demand, a Luna holder can swap $1 worth of Luna for that coin, making a profit from the higher price.

Policy · 117th Congress

Biden will ask Congress for money to combat global hunger

President Joe Biden’s next supplemental spending request for Ukraine will include money to deal with a spiraling global food crisis, the United States’ No. 1 diplomat said in testimony before a Senate