A User’s Guide to Tariff Accrual Compensating Obligations

On the accidental invention of a new fiscal instrument, its structural advantages over existing debt ceiling workarounds, and the question of whether the next administration does this on purpose I. Introduction The trillion-dollar coin required a legal fiction. TACOs do not. On February 20, 2026, the Supreme Court struck down the IEEPA tariffs imposed by […] A User’s Guide to Tariff Accrual Compensating Obligations was first published on EconReporter on May 7, 2026