New tax law adds to Social Security's financial worries The One Big Beautiful Bill Act's tax cuts will mean less money for the trust fund that pays federal retirement benefits. And that is likely to mean benefit payments to Social Security recipients will be reduced as soon as the end of 2032. The tax provisions of the recently enacted One Big Beautiful Bill (OBB has sort of good news and some definite bad news for older taxpayers. As you know by now, the OBBB does not fulfil Donald Trump’s campaign promise of no tax on Social Security benefits. Rather, it provides an added tax deduction of up to $6,000...
https://www.dontmesswithtaxes.....com/2025/08/new-tax-

Reviewing the International Tax Provisions in the One Big Beautiful Bill Act The OBBBA moved the US international tax system in the right direction on several fronts. However, some of the changes, while encouraging certain domestic activity and exports, may harm physical activity abroad that supports US competitiveness and domestic activity.
https://taxfoundation.org/blog..../big-beautiful-bill-

Tax-Free Weekends: When Popular Policy Meets Poor Economics They’re popular, highly visible, and marketed as tax relief—but research shows sales tax holidays are inefficient, create compliance headaches, and often miss the mark for the taxpayers they’re meant to help.
https://taxfoundation.org/podc....ast/all/popular-poli

Are Tobacco Taxes Still a Reliable Source of Revenue? Even if tobacco tax increases generate more revenue in the short run, the shrinking tax base guarantees long-run revenue declines.
https://taxfoundation.org/blog..../tobacco-taxes-cigar

Newest travel trend: special, higher fees on international tourists If you share the late writer Susan Sontag's travel philosophy, be prepared to pay tourist taxes. The fees, especially ones designated to help offset tourism adverse environmental effects, are spreading. Immigration continues to be a focus of the Trump administration. Its latest proposal is to require travelers from some countries to post bonds, ranging from $5,000 to $15,000, to obtain visas. The aim, says the White House, is to encourage visa compliance of visitors from countries that government data show tend to overstay their granted visit timeframes. The bond money would be returned if the traveler exits the country before...
https://www.dontmesswithtaxes.....com/2025/08/newest-t