The tax provisions of the Senate Finance Committee’s draft budget bill would cut household taxes by an average of about $2,600 in 2026, slightly less than the House-passed bill, according to a new Tax Policy Center analysis. About 83 percent of households would have their taxes cut, compared to what they’d pay if the 2017 Tax Cuts and Jobs Act (TCJA) expired as scheduled at the end of this year. However, like its House counterpart, the bill would target most of its benefits to higher-income households. The Senate Finance Committee bill makes scores of changes to the House version. In…

In a stunning result, 33-year old Zohran Mamdani, a democratic socialist in his third term in the New York State assembly, defeated former governor Andrew Cuomo in the Democratic primary for mayor. He won with a progressive platform that energized voters, but which many observers think is impractical or actually dangerous for the city. Can he deliver? Can Mamdani Deliver Practical Solutions? In an interview with journalist Derek Thompson, who has criticized Mamdani’s policy ideas, Mamdani directly addressed the problem of how he would govern. He said “leadership can…be someone who recognizes what they know and what they don’t know…