According to analysis by the Congressional Joint Committee on Taxation, nearly all Americans would see increased taxes by 2023. The average tax rates would increase in nearly all income categories, according to its analysis, including lower income individuals such as those earning less than $10,000.
President Joe Biden and the Democrats are proposing to double the size of the IRS by adding over 86,000 agents, most of whom will be assigned to enforcement. If this bill passes the Senate every American could see their chance of an audit go up.
In the Senate, 17 Republicans inexplicably voted for this transgression against taxpayers. In the House, 24 Republicans voted for it. Only one non-Republican Member of Congress — Sen. Bernie Sanders — voted against it.
U.S. gross domestic product decreased by 0.9% in the second quarter of 2022, according to new data from Bureau of Economic Analysis, signaling the start of an economic recession in the U.S.
Primerica released the report, which found that 75% of middle-income families “say their income is falling behind the cost of living,” an eight-point rise since March. The poll found only 16% of those surveyed think they will be better off financially in a year.
A new poll released by the Job Creators Network Foundation finds that more than 2 out of 3 small businesses feel negatively about the economy and that nearly 3 out of 4 of them will have to “significantly” raise their prices to offset rising inflation.
My big problem is Biden’s declaration that “we can’t allow an out of control Supreme Court … ” Oh? Who is this “we”? Just who is supposed to be in control of the Supreme Court?
Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years. “The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors,” BLS said.
The New York Times/Siena College numbers released Monday show that only 26% of Democratic voters surveyed want Biden to receive the party’s nomination in the next presidential election in 2024.
The Federal Highway Administration announced a Notice of Proposed Rulemaking for states and municipalities to “track and reduce greenhouse gas emissions on their highways.” The plan would establish declining carbon dioxide targets statewide and create a method for the monitoring and reporting of greenhouse gas emissions.
Biden’s proposed gas tax holiday is a ploy to distract from the serious energy-related issues brewing under the surface. Unless Congress acts or the administration reverses course, those issues will continue to fester.
The Uyghur Forced Labor Prevention Act requires proof that any products coming from Xinjiang, one of the main sources of products crucial in making batteries, were free of forced labor, the NYT reported.