Nonpartisan watchdog confirms Biden student loan scheme to cost taxpayer $400 billion, almost twice what Biden claimed

President Biden’s unilateral decision to cancel up to $20,000 in student loan debt for households earning up to $250,000 will cost American taxpayers $400 billion, according to an analysis today from the Congressional Budget Office (CBO). CBO also found that the President’s decision to extend the moratorium on student loan repayments for another four months will cost … Continue reading Nonpartisan watchdog confirms Biden student loan scheme to cost taxpayer $400 billion, almost twice what Biden claimed

Here’s a list of the tyranny and waste in Biden’s CR spending bill

On Tuesday, Rep. Chip Roy penned a dear colleague letter breaking down examples of the “terrible agencies, programs, and policies” that House Republicans would fund by voting in favor of this week’s continuing resolution (CR) to fund the Biden administration through mid-December. "As Congress prepares to vote on yet another measure that will continue to fund this administration, Republicans should take a … Continue reading Here’s a list of the tyranny and waste in Biden’s CR spending bill

New bill stops scheme to let automakers double-dip in electric vehicle subsidies

U.S. Sen. John Thune (R-S.D.) recently introduced the Ending Duplicative Subsidies for Electric Vehicles Act, legislation that would prohibit the automobile industry from double-dipping on federal subsidies, specifically electric vehicle (EV) tax credits, grants, and loans for EV manufacturing. The bill would require stakeholders to choose between receiving manufacturing loans or grants to lower the … Continue reading New bill stops scheme to let automakers double-dip in electric vehicle subsidies

Lawsuit filed to stop Biden administration’s unlawful student loan cancellation

Pacific Legal Foundation Tuesday filed suit against the U.S. Department of Education to block its illegal move to cancel more than $500 billion in student loan debt. “Congress did not authorize the executive branch to unilaterally cancel student debt,” said Caleb Kruckenberg, an attorney at Pacific Legal Foundation. “It’s flagrantly illegal for the executive branch … Continue reading Lawsuit filed to stop Biden administration’s unlawful student loan cancellation

Nonpartisan Analysis Confirms Biden’s Agenda Will Worsen Economic Crisis Caused by Democrats’ Failed Policies

Today, in its official re-estimate of the President’s FY23 budget – which is a blueprint for the Biden Administration’s plans for the country and the policies Washington Democrats have been pursuing for the past two years – the Congressional Budget Office confirmed that the proposed levels of spending, debt, and taxes in the President’s Budget … Continue reading Nonpartisan Analysis Confirms Biden’s Agenda Will Worsen Economic Crisis Caused by Democrats’ Failed Policies

Senate Dems’ New Big-Government Bureaucrats Will Target Working Families

Joe Biden is expected to sign Democrats’ inflation scam bill today. In doing so, Biden is breaking one of his core campaign promises: not raising taxes on anyone making less than $400,000 a year. According to the nonpartisan Congressional Budget Office, Democrats’ so-called Inflation Reduction Act will create an additional $20 BILLION in new taxes on middle-class … Continue reading Senate Dems’ New Big-Government Bureaucrats Will Target Working Families

Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike

The Joint Committee on Taxation (JCT) has confirmed that $10.6 billion in tax increases from the Democrats’ Inflation Act will hit families making less than $200,000. JCT’s analysis looked at the distributional impact of the non-Obamacare related tax provisions, including $362 billion worth of tax increases and hundreds of billions worth of Green New Deal tax subsides. … Continue reading Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike

Democrats Tax Working Families’ Gas and Electricity to Subsidize Luxury Shopping for the Wealthy

U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Democrats’ Reckless Taxing and Spending Spree: “Democrats want to pass huge, job-killing tax hikes in the middle of a recession they created. “Hundreds of billions of dollars in new taxes on American jobs, American manufacturing, American electricity, and … Continue reading Democrats Tax Working Families’ Gas and Electricity to Subsidize Luxury Shopping for the Wealthy

FACT SHEET: Democrats’ Inflation EXPANSION Act Increases Debt by $114 Billion

House Budget Committee Republican Leader Jason Smith (MO-08) today released a fact sheet exposing how the Washington Democrats’ so-called “Inflation Reduction Act” relies on budget scoring gimmicks and false sunsets to hide the true cost of its inflationary spending and will add to the nation’s already unsustainable debt. “Democrats are at it again using budget gimmicks and fake sunsets to create savings on paper – just … Continue reading FACT SHEET: Democrats’ Inflation EXPANSION Act Increases Debt by $114 Billion

Toomey: Housing Costs Will Escalate With Democrats’ Reckless Tax-and-Spending Bill

At today’s U.S. Senate Banking Committee hearing, Ranking Member Pat Toomey (R-Pa.) said that Democrats’ new reckless tax-and-spending bill will worsen 40-year high inflation and the contracting economy. Specifically, Senator Toomey criticized a housing provision in the Democrats’ spending bill that creates a $1 billion slush fund for “greening” taxpayer-subsidized housing. Ranking Member Toomey’s opening remarks, … Continue reading Toomey: Housing Costs Will Escalate With Democrats’ Reckless Tax-and-Spending Bill