$128 Billion Can Build a Lot—But Probably Not a Nuclear-Armed Submarine, Auditors Warn

The U.S. Navy may have to ask Congress to boost funding in fiscal 2021 to buy the first in its new 12-ship fleet of nuclear-armed submarines because of unreliable cost estimates, according to congressional auditors. The service’s current procurement cost estimate and design goal are suspect and require updates before those dollars are approved, the […]

SALT Cap Will Leave Nearly 10.9 Million People Feeling Tax Pain

About 10.9 million people are losing out on one of their most prized tax breaks–the deduction for state and local taxes. That’s the number of people the Treasury Inspector General for Tax Administration estimates had tax bills above the $10,000 deduction cap included in the 2017 tax overhaul. The law limited the amount of state […]