Tuesday, July 1, 2025

FINANCE

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...

Dems Push IRS Auditing, but Americans Say Agency Is Too Politicized

(The Center Square) President Joe Biden has pushed for having an army of auditors raise funds for the federal government via the Internal Revenue Service, but new polling shows Americans say the IRS has become too politicized. Convention of States Action, along with Trafalgar Group, released polling showing that “58.5...

White House Admits Manchin’s ‘Inflation Reduction Act’ Doesn’t Reduce Inflation

(Headline USA) The White House admitted this week that the Inflation Reduction Act, a bill introduced by Sens. Joe Manchin, D-W.Va., and Chuck Schumer, D-N.Y., won’t actually lower inflation rates. The $739 billion spending package, which includes radical elements of the Green New Deal, would only lower the Consumer Price Index...

Majority-plus of Americans Barely Making Ends Meet

(Molly Bruns, Headline USA) A new study revealed that inflation is hitting Americans hard, with more than half of the population living paycheck-to-paycheck. According to The Daily Wire, recent data released by Lending Club indicates that in June 2022, 61% of all Americans were living paycheck-to-paycheck, including 36% of those...

Manchin-Schumer’s Green New Deal Raises Taxes on Middle Class, Low-Income Americans

(Headline USA) A new bill proposed by Sens. Joe Manchin, D-W.Va., and Chuck Schumer, D-N.Y., would raise taxes on millions of low-income and middle-class earners making less than $400,000 annually, according to a nonpartisan report from the Congressional Joint Committee on Taxation. The CJT’s report found that Manchin’s “Inflation Reduction Act,”...

Economists Condemn Facebook Fact-Checkers

(Chris Parker, Headline USA) Facebook fact-checkers have started censoring credible, top-ranking economists, and they are fighting back. "It's absolutely Orwellian," economist Phillip Magness told Fox & Friends First. Magness, a senior research fellow with the American Institute of Economic Research, had his post flagged for defining a recession. As the US economy slips...

Vulnerable Va. Dem. Accused of Insider Trading in CHIPS Scandal

(Tony Sifert, Headline USA) Rep. Elaine Luria, D-Va., has come under fire for following in the footsteps of Democrat Speaker Nancy Pelosi and investing in companies that stand to benefit from the passage of congressional legislation, according to WAVY-10. Luria, a millionaire who earlier this year described as "bullshit" attempts...

DeSantis Has Plan to Protect Floridians from Woke-Banking Scheme

(Bethany Blankley, The Center Square) Gov. Ron DeSantis last week announced a new plan to protect Floridians from the environmental, social, and corporate governance (ESG) movement. The plan includes proposed new legislation for the 2023 legislative session as well as administrative action. The ESG movement “threatens the vitality of the...

NYC Mayor Trashes Biden’s Attempt to Redefine ‘Recession’

(Headline USA) New York City Mayor Eric Adams, a Democrat, pushed back on the Biden administration’s attempt to redefine what a “recession” is, arguing that Wall Street is already “collapsing.” A GDP report released on Thursday showed the U.S. economy shrank by 0.9% in its second quarter, following a first quarter...

Suspicions Rise over Federal Reserve Employees’ Trips to China

(Jacob Bruns, Headline USA) Reports have emerged suggesting that China has attempted to infiltrate the United States Federal Reserve banking system and influence American monetary policy to its own advantage, Fox News reported. The damning report was released by Republicans on the Senate Homeland Security and Government Affairs Committee earlier...

It’s Now Racist to Say We’re in a Recession

(Chris Parker, Headline USA) If you believe that two consecutive quarters of negative GDP numbers constitute a recession, you're probably a racist. That's the message coming from one senior CNN editor, reported Fox News. Allison Morrow of CNN Business began an article for the network's newsletter by expressing her confusion with a headline...
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