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Tax Law

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Hassett frames Iran pressure as economic leverage while touting US energy resilience
world25 days ago

Hassett frames Iran pressure as economic leverage while touting US energy resilience

In a Face the Nation interview, White House NEC Director Kevin Hassett says the Iran blockade remains in place and is pressuring Tehran, arguing the regime is economically collapsing even as the conflict isn’t treated as a conventional war; he highlights an energy strategy to shield Americans from price spikes and notes real incomes are rising despite higher gas costs, while disputing analyses that the tax changes hurt refunds. Hassett also explains Spirit Airlines’ shutdown and how other carriers are stepping in to help stranded passengers, with the broader point that major airlines hedge fuel costs to weather energy shocks. Overall, the administration frames the situation as sustained pressure on Iran with resilience in the U.S. energy market.

Reconstruction-era home-distilling ban struck down by 5th Circuit
law1 month ago

Reconstruction-era home-distilling ban struck down by 5th Circuit

A U.S. appeals court in New Orleans (the 5th Circuit) ruled that the Reconstruction-era federal ban on home distilling is unconstitutional, saying Congress cannot criminalize in-home activities merely to collect taxes and that the ban actually reduced tax revenue by curbing distilling. The decision affirms a 2024 lower-court ruling and was praised as a victory for individual liberty by the Hobby Distillers Association, while the Justice Department did not immediately comment.