Economy
Inflation report: Food prices continue sharp rise as gas costs drop(The Center Square) – Prices rose sharply again for food and most other items in the month of August even as gasoline prices dropped, newly released inflation data shows. The… Read More
Biden administration
Treasury department policy advantages minorities in housing, taxation and finance through new racial preference protocolThe Biden administration has announced a racial preference scheme to govern the application and enforcement of the federal tax code and other aspects… Read More
Economy
Report: Record 63% of small businesses freeze hiring(The Center Square) – Small businesses are increasingly unwilling to hire because they can’t afford to take on new costs, according to a newly released survey. The small business network… Read More
Economy
Number of Americans citing ‘hardship’ from inflation rises, particularly among middle class(The Center Square) – The majority of Americans say inflation is causing them financial hardship, according to a new poll. While the Biden administration heralded a pause in the rise… Read More
Biden administration
Student debt will rise to pre-cancellation levels in less than a decade, budget group says(The Center Square) – It will take less than a decade for student loan debt to return to the level it was at before President Joe Biden canceled nearly half… Read More
National
Lois Lerner, former head of IRS division that targeted conservatives in 2012 election, professes little knowledge of Tea Party movementLois Lerner, who presided over and then apologized for the IRS targeting of conservatives before the 2012 election, has since professed not to know much about the Tea… Read More
Biden administration
Budget group: Student loan payment deferments cost taxpayers $155 billion, benefits doctors, dentists more than most(The Center Square) – Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the significant… Read More
Biden administration
Americans expect beefed up IRS to target political opponents, audit lower and middle class Americans(The Center Square) – More Americans believe the latest legislation to hire 87,000 Internal Revenue Service agents is part of a plan to audit middle and lower class Americans and… Read More
Biden administration
McMorris Rodgers calls student loan forgiveness a ‘slap in the face’ to taxpayers(The Center Square) – U.S. Rep. Cathy McMorris Rodgers, R-Spokane, calls President Joe Biden’s decision to transfer student loan debt from borrowers to taxpayers a “dramatic overreach of his authority”… Read More
Biden administration
Biden plan: Taxpayers to pay billions after administration ‘forgives’ $10K to $20K in student loan debt per borrower(The Center Square) – President Joe Biden announced Wednesday his administration would “forgive” $10,000 in federal student loan debt for those making less than $125,000 per year. The Committee for… Read More
Biden administration
Biden administration uses taxpayer dollars to help grow public unions, critics push back(The Center Square) – The federal Office of Personnel Management is actively helping public unions recruit more members, and critics are calling it a major conflict of interest. OPM recently… Read More
Biden administration
Majority of Americans are concerned Biden student loan forgiveness would hike inflation(The Center Square) – A majority of Americans think inflation will rise if President Joe Biden goes through with a potential plan to forgive $10,000 in student debt per borrower,… Read More
Economy
Report details threat to future Illinois taxpayers posed by excessive borrowing(The Center Square) – A report shows the state of Illinois has one of the largest debt liabilities in the country. The American Legislative Exchange Council, or ALEC, released its… Read More
Economy
Americans don’t expect Inflation Reduction Act to actually reduce inflation, poll finds(The Center Square) – The majority of registered voters don’t expect the Inflation Reduction Act to actually reduce inflation, according to a new poll. A Morning Consult/Politico … Read More
Immigration
Lawmakers raise alarm about taxpayer-funded Amtrak potentially being used for illegal immigrants to cross border(The Center Square) – Lawmakers sent a letter to Amtrak Wednesday requesting a briefing as well as all documents related to how taxpayer subsidized Amtrak may be used to transfer… Read More
State Government
Governor aiming for permanent income tax cut, rather than one-time rebate, in Missouri legislative special sessionJEFFERSON CITY, Mo. – With 40-year-high inflation continually causing citizens to spend more for everyday items, legislators and political leaders are gearing up for a special session intended… Read More
Biden administration
Biden signs $740 billion climate, tax and health care bill into lawCritics blasted the tax hikes and new spending, in luding the plan to hire 87,000 new IRS agents to audit Americans (The Center Square) – President Joe Biden signed a… Read More
Economy
Bipartisan group of lawmakers blast IRS for backlogs, customer service issues(The Center Square) – A bipartisan group of lawmakers are calling on the IRS to clear its backlogs and improve customer service issues. Nearly 100 members in the House and… Read More
Gas Prices
U.S. oil and gas industry: 10 actions to reduce high energy prices that won’t cost taxpayers $740 billion(The Center Square) – Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation… Read More
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