How Germany navigated its energy conundrum, the second Republican primary debate, and looking beyond GDP to assess tax reforms.
| Look beyond gross domestic product to assess the effects of tax reforms Over the past four decades, Congress has substantially reformed the tax code eight times, most recently in 2017 with the Tax Cuts and Jobs Act. With the law set to expire in 2025, Wendy Edelberg and Ben Harris argue that future tax debates should prioritize considerations about tax reform’s effects on revenues, economic incentives and behavior, and the distribution of income. |
| Playing for second place in the Republican primary Before the second Republican presidential debate, Donald Trump and Joe Biden were in Michigan for their own battle, one for America’s working-class voters. William A. Galston and Elaine Kamarck provide historical context on each party’s appeals to the working class and argue that for Trump and many others, the contest for the Republican presidential nomination is already over. |
| The power of substitution: The Great German Gas debate in retrospect Germany successfully adapted to the cut-off of natural gas from Russia last year, suggesting that the country could have moved more swiftly to sanction Russia after it invaded Ukraine. Benjamin Moll, Moritz Schularick, and Georg Zachmann explain how Germany was able to navigate its energy conundrum. |
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