In a historic 6-3 ruling the U.S. Supreme Court struck down President Trump's sweeping global tariffs imposed under the International Emergency Economic Powers Act (IEEPA), holding that the Constitution's taxing power belongs squarely to Congress — not the executive branch. TCS President Steve Ellis and Director of Research and Policy Josh Sewell break down the ruling in real time.

The court's majority, which included Trump appointees Gorsuch and Barrett alongside Chief Justice Roberts and the three liberal justices, found that Congress never authorized the president to levy tariffs under IEEPA — and that the word "tariff" doesn't even appear in the law. Steve and Josh trace TCS's position back to Liberation Day and the August tariff escalation episodes, where they argued that a tariff is a tax and that speculative tariff revenue could never be a reliable budget offset. Today's ruling validated that argument.

But don't pop the champagne yet. Steve and Josh walk through what the ruling doesn't do: it doesn't end tariffs. The administration has already signaled it will pursue tariffs under other statutes — Section 232, Section 301, Section 122, and even the ghost of Smoot-Hawley. They also dig into the fiscal fallout: over $133 billion in tariff revenue collected under IEEPA may be subject to refunds, with potential losses of $1.5 trillion over the next decade. With a $38.6 trillion national debt and $1.8 trillion annual deficit, that's not a rounding error.

The bottom line: Congress can no longer hide behind executive tariff revenue to paper over its fiscal failures. The court just slammed shut that escape hatch. Now it's time for Congress to do its job.

TCS President Steve Ellis and Policy Analyst Gabe Murphy break down President Trump's Golden Dome missile defense program—an ambitious vision to shield the entire United States from nuclear attack. With potential costs ranging from $3.6 to $6 trillion and fundamental technical challenges that make near-perfect interception virtually impossible, Golden Dome represents fiscal irresponsibility on a massive scale. Congress has already approved over $24 billion without even seeing a basic architecture for how the system would work. We examine why hitting hundreds of nuclear warheads traveling at 15,600 mph is far more complex than Israel's Iron Dome, how nuclear explosions could blind the system's own radars, and why pursuing this program could trigger a dangerous new arms race in space while undermining arms control efforts. Bottom line: if it doesn't work, don't fund it.

Congress faces a partial government shutdown at midnight over Department of Homeland Security funding—but the border enforcement operations at the center of the fight will continue largely uninterrupted. Last summer's reconciliation bill locked in $170 billion for immigration enforcement through 2029, sitting outside the annual appropriations process. This means agencies like FEMA, TSA, and the Coast Guard could shut down while ICE operations continue with their massive funding increase. TCS Director of Research Josh Sewell joins Steve Ellis to break down how Congress gave up the power of the purse, why this shutdown is different from previous ones, and what taxpayers need to understand about budget gimmicks that prioritize political expediency over fiscal accountability.

Just when you thought Pentagon spending couldn't get more out of control, President Trump proposes a 50% budget increase in one year—rocketing Defense spending from $901 billion to $1.5 trillion. That's $500 billion more... and tariffs won't cover it. On Budget Watchdog All Federal, host Steve Ellis and TCS policy analyst Gabe Murphy break down why this "dream military" proposal is fiscal madness, explore a new executive order targeting defense contractor stock buybacks, and examine why Congress should have a say before military action in Venezuela costs taxpayers even more. The first episode of 2026 pulls no punches on defending your tax dollars.

The Trump administration has announced a $12 billion agricultural bailout package as trade wars squeeze American farmers—a familiar scenario from the first Trump administration. TCS Director of Research and Policy Josh Sewell joins host Steve Ellis to break down the "Farmers to Family Bridge Aid" package, examining who receives payments, what's actually in the relief, and whether a one-time check provides real certainty.

With nearly 30 billion-dollar extreme weather events in 2024 alone, disaster costs are spiraling out of control—and Congress is finally taking action. Steve Ellis sits down with TCS Director of Research Josh Sewell and Policy Analyst Tyler Work to examine the FEMA Act of 2025, bipartisan legislation that could modernize America's approach to disaster preparedness and response. They explore what the bill gets right—from elevating FEMA back to cabinet-level status to expanding mitigation funding—and where critical gaps remain. The conversation covers transparency reforms, the need for smarter rebuilding standards, the importance of front-end investment over back-end bailouts, and why federal disaster programs must stop subsidizing development in high-risk zones. At stake: whether reform delivers real resilience or just repeats costly mistakes.

Nearly half a billion dollars spent, families separated over the holidays, small businesses operating short-staffed, and violent crime was already declining. TCS Policy Analyst Gabe Murphy breaks down the mounting taxpayer costs of National Guard deployments to Los Angeles, DC, Chicago, Portland, and Memphis, explaining why these expensive missions are a solution in search of a problem. From the unprecedented legal battles over the Posse Comitatus Act to the economic ripple effects on Guard members' civilian employers, this episode reveals what taxpayers are really paying for when federal troops patrol American cities. With deployments extended through at least February and no end in sight, the price keeps climbing while troops miss training, lose time with loved ones, and stand guard against an emergency that doesn't exist.

After 43 days, the longest government shutdown in U.S. history has ended. But at what cost? Steve Ellis and Josh Sewell break down the $60 billion price tag taxpayers absorbed for absolutely nothing. Beyond the waste, the Trump administration used the shutdown to expand executive control over federal spending, bypassing Congress to reallocate funds and lay off thousands of workers. The compromise bill may have reversed those moves, but it revealed a dangerous willingness to ignore constitutional spending authority. With another shutdown deadline looming on January 30th and Congress punting on actual appropriations bills, the fiscal dysfunction continues. No victories here—just billions wasted and constitutional concerns that should alarm every taxpayer.