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…
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…
Made in America, Driven with Deduction: A Closer Look at Tax Relief for U.S. Car Buyers
When the One Big Beautiful Bill Act (OBBBA) rolled through the halls of Congress like a shiny new pickup on Main Street, it came loaded with goodies aimed at revving up the American economy. One of the standout features? A provision that makes interest on car loans for American-made vehicles tax-deductible—up to $10,000 a year.…