Oct 17, 2026
San Francisco Mayor Daniel Lurie and Oakland Mayor Barbara Lee joined first responders to publicly oppose Proposition 43, a California ballot measure that would change tax vote requirements. The measure is among 14 statewide propositions facing voters in November 2026.
A new Senate Democratic report found that generous state and local tax breaks for data center construction are causing billions in lost tax revenue, as the AI-driven data center boom accelerates across the country.
New York Governor Kathy Hochul signed the state into President Trump's federal school choice program despite opposition from teachers unions, providing taxpayer dollars to parents for both private and public school expenses.
President Trump announced that all 70 million American children under age 18 have been automatically enrolled in Trump Accounts, tax-deferred investment savings accounts designed to provide financial benefits, with parents needing to claim the accounts to access benefits.
The Trump administration released regulations Thursday for a new federal tax credit program that allows married couples to receive up to $3,400 in credits for donations funding private school and homeschooling scholarships. Nearly all schoolchildren in at least 30 states will be eligible to apply for the scholarships, with the Treasury estimating more than 11 million taxpayers will contribute a combined $26 billion annually.
The Treasury Department proposed new regulations that would revoke tax-exempt status for schools and universities that consider race in admissions, scholarships, or other programs, potentially affecting billions in federal funding.
Reform UK has unveiled plans for a 'skills revolution' that would see taxpayers subsidize part of young apprentices' wages through tax rebates to employers. Education spokeswoman Suella Braverman announced the policy, which has drawn criticism regarding the party's stance on higher education.
President Trump said the federal government is examining whether it can stop New York City Mayor Zohran Mamdani's new pied-à-terre tax on luxury second homes, calling it a 'dangerous' leftist experiment after a state court temporarily blocked the tax.
A federal judge in Texas ruled that registration and approval requirements for firearm suppressors, short-barreled rifles, and short-barreled shotguns under the National Firearms Act are unconstitutional, following a July 2025 tax reduction to $0 that undermined the law's original tax-based justification from 1934.
President Donald Trump, his sons, and the Trump Organization filed a notice of appeal to the Eleventh Circuit Court of Appeals after a federal judge blocked an IRS deal that would have granted tax immunity and created an 'anti-weaponization' fund. The judge's ruling also questioned whether the lawsuit was filed to manipulate legal proceedings and referred Trump's lawyer to the bar.
Medicaid cuts stemming from Republicans' 2025 tax law are now projected to be significantly larger than originally forecast, with estimates reaching $775 billion. This represents a major expansion of expected reductions to the federal health insurance program for low-income Americans.
ACA Marketplace deductibles hit a record 37% increase in 2026 following the expiration of enhanced tax credits, pushing millions of enrollees toward cheaper, higher-deductible bronze plans. Premium payment rates have also dropped sharply across multiple states.
Millions of Americans are dropping health insurance coverage after Congress refused to extend federal tax credits for Affordable Care Act plans, resulting in significantly higher premiums that many cannot afford.
The Affordable Care Act marketplace open enrollment period begins November 1, 2025, with premiums expected to increase 26% on average and potentially double for many enrollees if Congress does not extend enhanced premium tax credits that expire at year's end. The subsidy expiration has become a key issue in ongoing government shutdown negotiations.
Mike Johnson, recently elected U.S. House Speaker, successfully represented the Ark Encounter—a 510-foot biblical Noah's Ark replica in Kentucky—in court to restore tax incentives for the attraction.