Inflation
Inflation Reduction Act criticized for raising taxes, not reducing inflation(The Center Square) – As policymakers debate the so-called Inflation Reduction Act in Washington, many are saying claims of no tax hikes on the middle class are not true. The massive… Read More
Economy
Analysis: Inflation Reduction Act would increase taxes on nearly all Americans(The Center Square) – The Inflation Reduction Act of 2022 would increase taxes on nearly every American, despite claims made by President Biden. “When we pass the Inflation… Read More
Politics
Republican governors call Democrat spending bill “reckless”(The Center Square) – Twenty-one Republican governors called the Inflation Reduction Act “another reckless tax and spending spree” in a joint statement released Thursday. The legislation, dubbed the “Democrats spending… Read More
Economy, Education
Survey shows college students impacted by inflation(The Center Square) – A new survey shows that 1 in 4 college students have to drop classes due to high tuition rates and rising inflation. The … Read More
Economy
More Americans reported loss of pay in July(The Center Square) – New jobs data shows that a significant number of Americans saw their income shrink last month even as prices continue to rise. Morning Consult… Read More
Economy
High housing costs pressure military families(The Center Square) – High inflation rates have left veteran and military families feeling the pain. According to the U.S. Bureau of Labor Statistics’ latest federal report, consumer prices… Read More
Economy
Biden denies recession after GDP decline, but economists say otherwise(The Center Square) – The U.S. economy has shrunk for six consecutive months, according to federal data released Thursday, which led many economists to declare a recession. But the Biden… Read More
Economy
‘Uncharted Territory:’ U.S. debt will nearly double GDP within 30 years, Feds say(The Center Square) – Federal debt will nearly double the nation’s Gross Domestic Product by 2052 if it continues on its current trajectory, the U.S. Congressional Budget Office says in… Read More
Economy
Recession? GDP shows 2nd consecutive quarter of negative growth(The Center Square) – 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… Read More
Inflation
Americans feeling pain of inflation as they begin back-to-school shopping(The Center Square) – Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year. A new Morning Consult … Read More
Economy
Inflation is hammering rural America, report shows(The Center Square) – A report from Iowa State University shows that rural Americans are feeling the pain of inflation more than the rest of the country. “Rural households… Read More
2022 election
Poll shows 10% undecided in Illinois governor’s race focused on inflation, crime(The Center Square) – Recent polling highlights where potential voters stand when looking ahead to the gubernatorial election and whether or not voters would support a J.B. Pritzker presidential campaign. Read More
Economy
Nearly half of small businesses are in hiring freeze, citing inflation and costs(The Center Square) – Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows. The… Read More
Public Education
Inflation causing Kentucky school construction costs to rise(The Center Square) – The current period of inflation, with rates that have not been seen for more than 40 years, is not just impacting the price of gas, food or… Read More
Economy
Chicago residents could see property taxes quadruple last year’s increase(The Center Square) – Chicago property owners could see a massive spike in property taxes in 2023 after Mayor Lori Lightfoot linked property tax rates to inflation. She says her… Read More
Economy
Economist: 30% chance that U.S. enters a recession within a year’s time(The Center Square) – A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years. Goldman Sachs Chief… Read More
Economy
Poll: 3 out of 4 middle class families are falling behind as prices rise(The Center Square) – Three out of four middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new poll. Primerica… Read More
Biden administration
Poll: Biden’s economic approval rating hits new low(The Center Square) – As Americans continue to face soaring inflation and high gas prices, President Joe Biden’s economic approval rating has hit a new low. According to a new … Read More
Economy
Small businesses risk shutting down in droves amid elevated inflation, energy prices(The Center Square) – Nearly half of American small business owners say they are at risk of closing down this fall, according to new survey data. The small business network… Read More
Economy
Manufacturing leaders: American businesses face major issues due to inflationary pressure(The Center Square) – Several manufacturing and business leaders are concerned about how inflationary pressures are hurting businesses through heightened input and transportation costs. Participants at a round table event on… Read More