While much has been written about President Biden’s Build Back Better (BBB) agenda and its large investment in physical and social infrastructure, several tax provisions have received far less attention, but have the potential to have sweeping consequences. These provisions diverge sharply from the spirit of BBB, which is framed as an investment in our […]
Over the past year, the surging cost of energy has punished household budgets across the country. By driving up demand for critical minerals without facilitating their domestic extraction and procurement, the Build Back Better bill risks supercharging greenflation. Before sleepwalking into a foreseeable problem, the president needs to pre-emptively clear the regulatory roadblocks and capricious […]
For the last 15 years, the National Flood Insurance Program — the nation’s primary source of flood insurance — has lurched from one financial crisis to the next, accruing a massive $20.5 billion debt with the U.S. Treasury to cover its persistent shortfalls. Congress’ decision to cancel $16 billion of NFIP debt in 2017 only kicked the […]
The short- and long-term ramifications of the Build Back Better Act’s provisions are worrisome. The ambitious intent to create jobs and lower costs for working families, if enacted, would be overshadowed by the long-term burdens American consumers and the economy would be subjected to. This op-ed is available at the Townhall.