FINANCE
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...
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...
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