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Friday, January 10, 2025

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The 10 States Where Residents Pay the Highest LIFETIME Taxes

(Brad Polumbo, Foundation for Economic Education) In the mood for a depressing statistic? A new report from the financial services firm Self concludes that the average American will pay an astounding $525,037 in taxes over their lifetime—roughly 34 percent of their lifetime earnings. But the numbers aren’t uniform across the country;...

Biden’s $6 Trillion Budget Plans to Continue Spending Spree, Soak the Rich

(Headline USA) President Joe Biden's $6 trillion budget proposal promises politically freighted tax increases on the wealthy and corporations and would give domestic Cabinet departments significantly bigger budget increases than the Pentagon. But like all presidential budget plans, Biden's proposal needs the approval of lawmakers, who can change the allotments...

Inflation Explodes as Biden Money-Printing Economic Policies Crush Consumers

(Headline USA) Americans increased their spending by 0.5% in April, a slowdown after a big gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Friday's report also showed that inflation by a measure preferred by the Federal Reserve surged by a bigger-than-expected...

WATCH: ‘Woke’ Bank CEOs Silenced; Can’t Explain Objections to Ga. Election Law

Two "woke" big bank CEOs sat silently, and another read a scripted response, on Wednesday when Sen. Tim Scott, R-SC, asked them to explain their opposition to Georgia's election integrity law during a hearing before the Senate Banking Committee, Fox Business reported. Bank of America CEO Brian Moynihan, Citibank CEO...

Fed Offers No Holiday from Inflation

Heading into Memorial Day weekend, American motorists will see the highest prices at the pump since 2014, according to AAA. Gas prices now average $3.04 a gallon nationally – reflecting a jump of more than $1.00 compared to the same time last year. A rising gasoline price is just one of...

Anti-Gun Former Dick’s Sporting Goods CEO May Run for Senate

(Headline USA) A billionaire businessman with a controversial record on guns may be considering a run for Senate. Rumors among political strategists and other key stakeholders point to former CEO of Dick's Sporting Goods, Ed Stack, as the potential replacement for outgoing Sen. Pat Toomey, R-Pa. Breitbart spoke with Dan Garcia,...

Remote Workers May NEVER Return to Calif., NY; Will Hamper States’ Recoveries

(Cole Lauterbach, The Center Square) A credit ratings agency says mobile workers in California and New York who remained employed through the COVID-19 pandemic could keep the states from full recoveries. A report released Wednesday by Fitch Ratings described the “severe job shocks” in two of America’s major economic centers. “These orders...

GOP Bill Aims to Stop Woke Banks from Using Obama-Era Scheme to Cancel Conservatives

Two Republican congressmen urged President Joe Biden's administration to reject cancel culture in finance and prevent banks from halting services for politically unpopular businesses. Sen. Kevin Cramer, R-N.D., and Rep. Andy Barr, R-Ky., introduced the Fair Access to Banking Act to stop woke ideology from dictating financial decisions. They also wrote...

LAWSUIT: Women- & Minority-Owned Businesses at Front of the Line for ‘COVID Relief’

(Bethany Blankley, The Center Square) The Texas Public Policy Foundation and America First Policy Institute have sued the U.S. Small Business Administration, alleging a provision in the America Rescue Act requires the SBA to prioritize businesses owned by women and minorities to receive nearly $30 billion in COVID-19-designated relief money...

New Regulation Could Pressure Paper Metals Markets

(Clint Siegner, Money Metals News Service) Alasdair MacLeod, the Head of Research at Goldmoney, wonders if we may soon see “the end of paper gold and silver markets.” The Bank of International Settlements (BIS) developed Basel III regulations, purportedly to prevent another 2008-style financial crisis. The roll out of these new...

Congressman Seeks Full Audit of America’s Gold Reserves

(Sound Money Defense League) America’s gold reserves would be audited for the first time in more than 60 years if a measure introduced yesterday by U.S. Representative Alex Mooney (R-WV) becomes law. The Gold Reserve Transparency Act of 2021 – H.R. 3526 – backed by the Sound Money Defense League, Money...

DeSantis Signs Bill Penalizing Big Tech for Censorship

Florida Gov. Ron DeSantis signed a bill this week penalizing Big Tech companies that de-platform political candidates in the state and empowering individuals to sue those companies if they believe they were “unfairly censored.” Under the new law, the Florida Election Commission can fine social media companies $250,000 per day...
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