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With Democrats retaking control of the US House of Representatives and US Senate, several new federal tax issues are on the table for 2027.

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In red and blue states alike, voters showed wariness toward novel changes to the tax code, with two notable exceptions.

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The UK’s 2026 Autumn Budget largely favors short-term relief over growth, highlighting the need for pro-growth reforms such as replacing the Stamp Duty Land Tax with annual property or land taxes.

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Economics isn’t just a course with supply and demand graphs and a quirky usage of “guns and butter.” It’s a discipline focused on incentives and responses, and we can see its impact all around us, shaping our world and our choices.

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The debt limit is one of Congress’s few chances to debate unsustainable borrowing, and reforms should create more room for bipartisan deficit reduction, not less.

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