House Republicans are showing what tax reform looks like when it is built around working families and a simpler tax code. The Working Families Tax Cuts of 2025, enacted as part of the “One Big Beautiful Bill Act,” are intended to streamline filing, lower taxes, and deliver meaningful relief to households across the country. For 91 percent of taxpayers, the policy centers on a simpler filing structure. The expanded standard deduction means families pay no federal income tax on
Social Security’s long-term financial problems are not the result of Franklin D. Roosevelt’s original design. They are the product of policy changes adopted decades later. When Social Security was created, it was intentionally modest. Benefits were structured to prevent old-age poverty, not to replace a large share of pre-retirement income. The program’s costs were kept low enough to remain affordable across generations, which is why Social Security enjoyed broad public suppo
Producer prices are moving higher again, and the trend is clear. Since “Liberation Day,” cost pressures faced by American producers have accelerated. That matters because producer prices act as an early warning sign. What businesses pay today often becomes what consumers pay tomorrow. The latest data confirm the shift. Producer prices rose 0.5 percent in December , equal to a 6.0 percent annualized rate . Core producer prices, which exclude food and energy, climbed even faste