“While families struggle with high gas prices in the wake of the Iran war, many American workers are getting help this year from an unlikely place: the Internal Revenue Service. Tax refunds from the IRS are up almost 14% from last year — another reason to file your taxes by Wednesday’s deadline, especially if you’re affected by a handful of changes to the tax code. Last Summer, the One Big Beautiful Bill became law, preserving some tax cuts that would’ve expired but also introducing a few new tax cuts too. Because many of the law’s provisions were made retroactive for the entirety of 2025, these changes significantly reduced some Americans’ tax liabilities, resulting in today’s big refunds.” (04/14/26)
“Healthcare usually benefits Democrats politically, but some of the most important health-policy changes of the past decade have come from Donald Trump’s White House. Now his administration is proposing a reform that could change the U.S. healthcare system as radically as Barack Obama’s Affordable Care Act did. This latest proposed reform, the 2027 ACA Exchange Rule, would allow health insurers to offer nonnetwork plans on market exchanges where people buy their own insurance. Today, most healthcare plans cover care only from doctors and hospitals with which they have contracts for treatment and payment. Under the new rule, health insurers would be able to set ‘reference prices’ — say, for an MRI or a knee replacement — that would apply regardless of which provider a patient chooses.” (04/13/26)
“In 2017, journalist Priscilla Villarreal did what good journalists ordinarily do. She was working on two stories — one about the suicide of a border agent and the other about a serious car accident. To confirm the names of the people involved in those incidents, Villarreal texted a member of the Laredo Police Department. The officer responded and provided the information she was looking for. … But then someone in the police department got wind of what Villarreal was up to. Soon afterward, she was charged with violating an obscure, Orwellian provision of the Texas Penal Code, the Misuse of Official Information Act. … the Misuse of Official Information Act cannot be reconciled with the First Amendment’s protection of press freedom. But on March 23, the U.S. Supreme Court let it stand by declining to hear the case.” (04/13/26)
“It’s far from unheard of in world history for leaders, faced with losing an election, to cancel said election, or falsify the results, or in other ways more or less openly admit that they are ruling without popular consent. So it’s good to know that Hungary has not become one of these. But there are two other possible lessons to draw from the Hungarian election that should be more sobering for opponents of the right-wing populist turn in politics, here in America and elsewhere in the world.” (04/13/26)
“The idea of the ‘property ladder,’ buying a starter home, then trading up over time to larger ones, was a huge part of UK culture from the late 20th century through the early 2000s. It has not disappeared entirely, but for many people it barely functions in the way that it once did. The average property now costs nearly eight times the average income, making it one of the toughest financial challenges of our time. According to the Resolution Foundation, it now takes the average first-time buyer about nine years to save for a deposit, and more than half of all first-time buyers under 35 rely on family help, the so-called ‘Bank of mum and dad,’ to enter the property market. Barclays research from 2025 found that many first-time buyers are no longer perceiving their first home as the start of a journey, but as the final destination.” (04/13/26)
Source: The American Prospect
by David Dayen, Emma Janssen & Whitney Curry Wimbish
“It may seem strange to focus on consequences while the war is still occurring, but the truth is that the die has already been cast when the Strait of Hormuz became a choke point rather than a natural waterway. This will have deep implications on economic security, technology, energy, and geopolitics, which we can now begin to chronicle, regardless of the ultimate outcome of the fighting between the U.S., Israel, and Iran.” (04/14/26)
“The energy affordability crisis caused by the Iran war and electricity-hungry data centers has now risen, like prices, to near the top of Americans’ political concerns. … The good news is we no longer face the false choice between cutting emissions and cutting prices. We can do both. … Advanced technologies lower emissions while cutting prices. Adding electric car batteries in tens of millions of homes and workplaces along with other cheaper power storage units, which could provide a quarter of new U.S. power this year, might greatly reduce the need for expensive and polluting backup power plants on the grid.” (04/13/26)
“President Trump was presented with a great opportunity on Saturday to take the off-ramp from his war on Iran. After threatening Iran that ‘a whole civilization will die tonight,’ Trump managed to get a two week pause in the war with the intervention of the Pakistani government. … after a month and a half of war, where tens of billions of dollars have been spent, every US base in the region is either damaged or destroyed, and dozens of military aircraft have been lost, President Trump did not take the off-ramp. He hit the accelerator. … Over the past weeks he has alternated between insisting that the Strait of Hormuz is unimportant to the United States and demanding that the Strait be opened immediately. Then yesterday he announced – via his social media account – that the United States military would start blockading Iran’s blockade of the Strait of Hormuz.” (04/13/26)
“Each year, local governments spend tens of billions of dollars on economic development incentives — tax abatements, fee waivers, and direct subsidies — intended to lure private investment. Cities across the nation tout their ability to entice marquee employers, generate buzz with ribbon-cuttings, and implement incentive programs designed to attract private capital. Even small-city councils establish these departments to signal support for economic growth and to boost city revenues. Yet beneath the surface of city branding, press releases, and fiscal sustainability strategies lies a more troubling reality: economic development departments, far from facilitating genuine development and demonstrating the appropriateness of their spending, entrench inefficiency, distort markets, and perpetuate the very obstacles they purport to overcome.” (04/13/26)
“While workers have always been free to pursue independent contracting, the companies that hire them aren’t free to offer them benefits such as contributions to retirement plans or health savings accounts. Both federal and state law make it likely that doing so would force companies to classify independent contractors as traditional employees. But independent workers don’t want to be employees. As for businesses, hiring employees imposes extra paperwork and management costs that benefit only lawyers and accountants. That’s a lose-lose for businesses and workers alike. … This is where states are starting to lead. In 2023, Utah passed the nation’s first law giving companies an employment law safe harbor for offering portable benefits. Doing this will no longer affect an independent contractor’s employment status.” (04/13/26)
