The Centers for Medicare & Medicaid Services (CMS) published its Current Year (CY) 2026 Physician Fee Schedule (PFS) and related policy updates on November 5. While the final rule spans a wide range of Medicare payment and operational policies, the information collection request associated with the Medicare Prescription Drug Inflation Rebate Program introduces a particularly … Continue reading
EXECUTIVE SUMMARY• The Trump administration furloughed almost half of Internal Revenue Services (IRS) employees and issued 1,300 layoffs during the October 2025 shutdown.• The cuts have delayed implementation of the One Big Beautiful Bill (OBBB), making Republicans’ tax-simplification effort appear inefficient and disorganized.• Businesses and individuals now face higher costs as they rely more on … Continue reading
EXECUTIVE SUMMARY• Department of the Treasury briefed House of Representatives lawmakers on the schedule for rolling out tax provisions of the One, Big, Beautiful Bill (OBBB).• Internal Revenue Service (IRS) paperwork data show that core returns and schedules tied to these provisions require 3.5 billion hours and over $139 billion annually in compliance costs.• Compliance … Continue reading
Policy Interns 