The Blog at MSPC

Congress is now at odds with itself on how to offer the country a new or revised plan for our health care system. Interestingly enough, a promising and comprehensive plan was presented a few years ago in 2019.

Fifty years ago, government shutdowns didn’t exist. But now, each fall, the nation groans as Congress turns one of its most fundamental duties—passing a budget—into a manufactured crisis.

In most respects, Idaho and Montana have been enthusiastic in their pursuit of tax competitiveness. But if there’s one area of tax policy on which they are worse than their peers, it’s in their incorporation of GILTI—the federal tax on Global Intangible Low-Taxed Income—into their own state tax codes. Not even California or Illinois does that.

Despite claims that “the sky is falling,” the Medicaid reforms are actually a start at guaranteeing that the program will survive into the future and be available for the country’s most vulnerable people.

Congress is currently debating the One Big Beautiful Bill Act. Among the many provisions is a ten-year moratorium on state Artificial Intelligence (AI) regulations to help avoid a patchwork of rules.

One very concerning proposal that may be flying under the radar compared to the other provisions is a section in the House version of the BBB that would impose a 600% tax increase on charitable foundations.

The stated Republican goal is a continuation of Trump’s 2017 tax cuts, which are set to expire at the end of this year and need offsetting savings somewhere else in the budget.