Thursday, May 15, 2025

FINANCE

The Case for Abolishing the IRS

(Steve Dewey, FEE) The American public has long held an unfavorable view of the Internal Revenue Service, as evidenced by several historical surveys. A Gallup poll taken more than 25 years ago in October 1997 found that 69 percent of the American public held the opinion that the IRS “frequently abuse...

Commerce Dept. Downgrades Quarterly Growth That Biden Touted in State of the Union

(Headline USA) The Biden administration tried its best to put a positive spin on a U.S. economy that limped through a 2.7% annual growth rate from October through December, accompanied by rising interest rates and elevated inflation that is battering consumers across the country. The government had previously claimed that...

Amazon Workers Revolt When Required to Go into Office 3 Days a Week

(Molly Bruns, Headline USA) Amazon workers are revolting against the company after executives released a mandate requiring them to work in the office three days a week. Several employees are writing up petitions and many are threatening to leave the company after the memo, sent by CEO Andy Jassy, which...

Biden Exec. Order Tells IRS to Use ‘Equity’ to Target Whites, Asians for Audit

(Jacob Bruns, Headline USA) President Joe Biden last week issued an executive order instructing the Internal Revenue Service to target whites and Asians with audits under the guise of "equity," Fox News reported. The America First Legal Foundation filed a lawsuit under the Freedom of Information Act, noting that Biden...

Watchdog Reports U.S. on ‘Unsustainable’ Financial Path

(Brett Rowland, The Center Square) A federal watchdog reported that Congress continues to spend more money than it collects in taxes. The U.S. Government Accountability Office's audit of the federal government's financial statements found it "continues to face an unsustainable long-term fiscal path." In fiscal year 2022, the federal government spent $6.27...

If You Seek a Balanced Budget, You’re Missing the Point

(John Tamny, RealClear Wire) If you’re ever searching for the personification of sanctimonious, find yourself a “balanced budget” proponent. These individuals will tell you in haughty, eyes-periodically-closed fashion about the crisis that awaits us unless we allegedly “get deficits under control.” Balanced budget proponents are morally superior to all of...

Mississippi Legislature Votes Overwhelmingly to End Sales Taxes on Gold and Silver

(Jp Cortez, Sound Money Defense League) State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature. Senate Bill 2019, sponsored by Sen. Chad...

IRS Leaked Thousands of Americans’ Tax Filings; Congress Demands Answers

(Casey Harper, The Center Square) The new head of the powerful House Ways and Means Committee blasted the Biden administration for giving few answers after thousands of taxpayer files were leaked to an outside group. House Ways and Means Chairman Rep. Jason Smith, R-Mo., sent a letter to Russel George, the...

CBS Host Confronts Bernie Sanders about Benefits of Capitalism

(Molly Bruns, Headline USA) During an interview on CBS News's Face the Nation on Sunday, host Margaret Brennan confronted supposed anti-capitalist Sen. Bernie Sanders, I-Vt., about selling pricey tickets for his book tour via Ticketmaster. Brennan brought on the senator on to discuss his upcoming book, It's OK to Be...

Longtime YouTube CEO Departs Ahead of Big SCOTUS Ruling on Internet Accountability

(Headline USA) Susan Wojcicki, a longtime Google executive who played a key role in the company's creation, is stepping down as YouTube's CEO after spending the past nine years running the controversial video-streaming site, which has played a significant role in aggressively censoring and shadow-banning conservative content. In an email...

Judge Suggests Jail to Curb Bankman–Fried’s Alleged Witness-Tampering Attempts

(Headline USA) A federal judge showed growing impatience Thursday with FTX founder Sam Bankman--Fried’s use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that can't be tracked. Judge Lewis A. Kaplan did...

CBO Projects Higher Unemployment, Slow Exit from Inflation

(Headline USA) As Democrats push for more prolific government spending to finance their radical agendas and policies, the Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1%—a bleak outlook that was paired with a 10-year projection that publicly...
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