Signed into law by President Donald Trump on July 4, 2025, the One Big Beautiful Bill Act (OBBB) contains extensive revisions to the U.S. Internal Revenue Code (Code). (For a comprehensive analysis of the bill, see Holland &...more
Faced with unpleasant alternatives, Congress sometimes simply ignores problems. Its recent “solution” to the fiscal cliff is a case in point. Rather than face the problem, Congress has adopted temporary measures, postponed...more