When President Trump announced plans for a 100% tariff on Chinese imports, the usual suspects on Wall Street gasped like they’d just seen the national debt clock explode. But while the markets hyperventilated, Main Street folks nodded and said, “Well, it’s about time somebody stood up to China.” And that’s the heart of the debate…
IEEPA or IEEP-Ain’t? The Supreme Court to Weigh Trump’s Tariffs
Earlier this year, President Trump invoked the International Emergency Economic Powers Act (IEEPA) to slap broad tariffs on imports from multiple countries. His reasoning was tied to what he declared as “emergencies”: drug trafficking, illegal immigration, and foreign nations playing unfair with U.S. trade. The logic was simple: if other countries were exploiting loopholes or…
Trump, Lisa Cook, and the Federal Reserve Soap Opera
Episode I: As the Fed Turns Last month, I wrote a piece about President Trump, the Federal Reserve, and their messy custody battle over “independence.” Well, the plot has thickened, and we’ve officially entered soap opera territory. Welcome to this week’s episode of “As the Fed Turns.” Here’s the recap: President Trump tried to fire…
When Numbers Mislead and Inflation Teases: A Look at the Economy, Tariffs, and Rate Cuts
Well, the economic tea leaves have been tossed on the table again, and they’re not exactly painting a crystal-clear picture. We just got a trifecta of reports: turns out job growth wasn’t nearly as strong as we were told, wholesale prices actually dipped a little (that’s the “good news,” though don’t break out the confetti…
Tariffs, Courts, and the Constitution
Last Friday, President Trump’s trade agenda ran into a major hurdle when a federal appeals court stepped in with a big ruling on his tariffs. Now, before we start celebrating, panicking, or running out to hoard beans and rice, let’s all take a breath. These things are rarely as simple as they first appear. What…
Trump, the Fed, and the Battle Over Independence
On Monday, President Trump announced—through a Truth Social post, of course—that he’s firing Federal Reserve Governor Lisa Cook. The reason? Allegations of mortgage fraud. The claim is that back in 2021, Cook listed two separate properties as her “primary residence” in order to secure more favorable loan terms. If true, that’s a big problem, because…
Canada Blinks First
Earlier today, just hours before Canada was set to slap a controversial 3% Digital Services Tax (DST) on American tech giants, Prime Minister Mark Carney’s administration hit the emergency brakes. And the reason couldn’t be clearer: President Trump, true to form, laid down the law. He froze all trade negotiations and threatened swift retaliatory tariffs,…
Raising the Roof or Digging a Hole? A Look at the OBBBA Debt Limit Hike
Tucked inside the sprawling One Big Beautiful Bill Act (OBBBA) is a hefty clause that raises the federal debt ceiling by a whopping $4 trillion. In plain English, this means the U.S. Treasury gets permission to borrow up to that higher limit so it can keep paying the bills Congress has already racked up, things…
Shared Burden, Shared Blessing: A Look at the SNAP State Cost-Sharing Provision
As we continue our deep dive into the One Big Beautiful Bill Act (OBBBA), we turn our attention to another provision impacting the Supplemental Nutrition Assistance Program (SNAP). Beginning in fiscal year 2028, the bill would require states to shoulder 5% of the costs of the program. For those of us who believe in the…
A Tax Too Far? Weighing the 3.5% Remittance Levy in the One Big Beautiful Bill
Let’s talk about money—specifically, money flying out of the country faster than a kid bolting from chores. The One Big Beautiful Bill Act has an interesting provision that I haven’t heard anyone talk about: a 3.5% tax on money sent abroad by non-citizens, including green card holders and visa workers. Let’s examine this from an…