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Friday, November 15, 2024

FINANCE

FED STUDY: End of Gov’t Handouts Led to ‘Substantial’ Rise in Employment

(Robert Davis and Casey Harper, The Center Square) States that ended pandemic unemployment aid saw "a substantial rise" in employment, according to a recent working paper from the Federal Reserve Bank of St. Louis. The study, which used data from 46 states and Washington, D.C., found that "in the three months...

Biden Officials Dodge Questions over IRS Audits of Middle-Class Taxpayers

(Headline USA) White House economic advisor Jared Bernstein refused to say this week whether Democrats’ so-called “Inflation Reduction Act” would raise taxes on middle- and working-class Americans. Asked during an interview with CNBC about a nonpartisan report that revealed the bill would raise taxes on those making less than $400k per...

Critics: Small businesses in the Crosshairs of New IRS Auditing ‘Army’

(The Center Square) Senate Democrats’ recently passed $740 billion federal spending bill has taken criticism on many fronts, but critics are raising the alarm that a major increase in IRS auditing to fund the bill will hit small businesses hard. To help pay for the wide-ranging tax-and-spend legislation, which address...

Newly Militarized, Vastly Expanded IRS Poses Serious Threat of Tyranny

(Tony Sifert, Headline USA) In what even the Washington Post is calling a "wager," the Biden administration and its partisan partners in Congress are placing an $80-billion bet on the increasingly well-armed Internal Revenue Service as part of its obscenely bloated Inflation Reduction Act. The legislation would allow the IRS...

Analysis: ‘Inflation Reduction’ Act to Increase Taxes on Nearly ALL Americans

(Bethany Blankley, The Center Square) The so-called Inflation Reduction Act of 2022 would increase taxes on nearly every American despite claims made by President Biden. “When we pass the Inflation Reduction Act, not a single American in the middle class will pay higher taxes,” Biden tweeted. According to analysis by the Congressional...

Dems Pass Spending Spree

(Headline USA) Democrats pushed their election-year spending spree to Senate passage Sunday; the bill is an extravagant expenditure that throws money at "global warming," and pharmaceutical drug costs. The estimated $740 billion package heads next to the House, where lawmakers are poised to pass the bill. Cheers broke out as...

MURDOCK: Manchin–Schumer Spending Deal Inflicts Heavy Costs on Everyone

(Deroy Murdock, Headline USA) The Inflation Reduction Act (IRA) bears the fingerprints of Democrat Sens. Chuck Schumer of New York and Joe Manchin of West Virginia. Their 725-page ruin belies its billing, beginning with its fraudulent title. While Americans reel under 9.1% year-on-year inflation, IRA neglects the worst price surge...

Union Bosses Threaten Nonunion Members in Southwest Airlines Dues Case

(Bethany Blankley, The Center Square) In a forced union dues lawsuit in which a former Southwest Airlines flight attendant won a $5.1 million judgment, emails written by a union representative obtained through discovery and acquired by The Center Square appear to show threats against the flight attendant and one...

Dems Hope Throwing $80B to Beef Up IRS Audits Will Pay for Big Spending

(Ben Sellers, Headline USA) Despite having demonstrated stunning inefficiency and partisanship over the past decade, the Internal Revenue Service stands to be one of the biggest winners in the massive spending bill that Democrats are working furiously to push through Congress before their August break. Under a deal worked out...

Musk Countersuit Accuses Twitter of Fraud

(Headline USA) Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports. According to the Washington Post, the countersuit filed...

Dems Set to Hike Taxes for Green Energy Bidenflation Scam

(Mark Pellin, Headline USA) After gaining headlines for her tough talk on deficit reduction and protecting taxpayers, Sen. Kyrsten Sinema, D-Ariz., announced Thursday night that she was joining ranks with the formerly rational Sen. Joe Manchin, D-W.Va., in backing a Democrat spending spree that splurges upwards of $740 billion as...

Applications for US Jobless Claims Up Again

(Headline USA) More Americans applied for jobless benefits last week as the number of unemployed continues to rise, though the labor market remains one of the semi-healthiest parts of President Joe Biden's recession ailing U.S. economy. Applications for jobless aid for the week ending July 30 rose by 6,000 to...
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