Trump Promises to Restore the SALT Deduction Fully. Here’s What That Would Cost
Fully restoring the SALT deduction without any cap would cost approximately $1.2 trillion over the next decade, according to the Committee for a...
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Trump Says He Will Ban Digital Dollar Projects. Here’s What a CBDC Would Actually Be
Trump's statement about banning digital dollar projects refers to his opposition to a central bank digital currency (CBDC), which would be a digital form...
Trump Says NATO Allies Will “Pay Up.” Here’s How NATO Funding Actually Functions
When Donald Trump said NATO allies would have to "pay up," he was primarily referring to the alliance's indirect cost-sharing arrangement, not a literal...
Trump Says He Will Reopen Keystone XL “Immediately.” Here’s What Permitting Would Still Require
While President Trump has declared he would reopen the Keystone XL pipeline "immediately," the reality of federal and state permitting means such a...
Trump Says He’ll Expand Oil Drilling in National Wildlife Areas. Here’s What’s Permitted
The Trump administration has significantly expanded access to oil and gas drilling across federal lands and waters, opening more than 20 million acres of...
Trump Says He’ll Expand Domestic Rare Earth Mining. Here’s the Current Output
Trump's administration has announced multiple initiatives to expand domestic rare earth mining, but current U.S.
Trump Promises to Expand Oil Exports Significantly. Here’s the Current Volume
President Trump has promised to significantly expand U.S. oil exports as part of his administration's energy policy agenda.
Trump Says He’ll Impose Sanctions on New Trade Partners. Here’s How Sanctions Are Enforced
When President Trump threatens to "impose sanctions on new trade partners," he's primarily referring to tariffs—taxes on imported goods—rather than...
Trump Promises to Expand Domestic Oil Refining. Here’s How Many Refineries Operate Today
The United States operates 131 to 132 oil refineries as of January 2025, with a combined atmospheric distillation capacity of 18.
Trump Says He Will Impose a National Sales Tax. Here’s What Rate Would Replace Income Tax
President Trump has proposed replacing the federal income tax system with a combination of sales taxes and tariff revenue, though the proposed rates fall...