This week President Biden delivered his State of the Union address. At the conclusion of his speech, Republican Leader of the House Agriculture Committee, Rep. Glenn "GT" Thompson, issued the following statement:"Between surging input costs, skyrocketing fertilizer prices, the highest inflation in 40 years, and endless regulatory uncertainty, the Biden administration’s failing policies remain out-of-touch with the challenges … Continue reading Republican Leader Thompson: Biden Administration Is Failing Rural America
Category: Economy
The Congressional Budget Office (CBO) responded to a request from Republican Members of the Senate Finance Committee for information about budgetary effects of the high and rising inflation that continues to hammer American households. According to the CBO, inflation and accompanying higher interest rates stemming from inflation further erode the fiscal position of the United States, including adding to … Continue reading Nonpartisan CBO: Inflation Jeopardizes Americans’ Fiscal Position
In his opening statement at Thursday’s U.S. Senate Banking Committee hearing with Federal Reserve Chairman Jerome Powell, Ranking Member Pat Toomey (R-Pa) said that Congress has a responsibility to ensure the Fed does not become a political actor. Senator Toomey laid out three ideas for reforming the Fed to ensure it remains focused on its … Continue reading Toomey: Congress Has a Responsibility to Ensure the Fed Does Not Become a Political Actor
The Competitive Enterprise Institute (CEI) published a new paper making the case against regulating social media platforms as common carriers. In Don’t Confuse the Platform with the Train: The Case Against Regulating Social Media Companies as Common Carriers, co-authors Dan Greenberg and Jessica Melugin make the case that government encroachment on speech, property, and economic liberty are the wrong way to … Continue reading Regulating Social Media Companies as Common Carriers Would Undermine User Experience Online
Americans for Limited Government President Rick Manning issued the following statement reacting to the Atlanta Federal Reserve’s GDPNow projecting 0 percent growth annualized for the Gross Domestic Product in the first quarter of 2022: “The warning lights of the U.S. economy are beginning to flash red, with 7.5 percent inflation, collapsing interest rate yield curves and the Atlanta Fed now projecting … Continue reading Atlanta Fed’s GDPNow projects 0 percent growth in first quarter of 2022
Sen. John Kennedy (R-La.) joined Sen. Thom Tillis (R-N.C.) and other members of the Senate Banking Committee in writing to President Biden to express concern over his nomination of Sarah Raskin as Vice-Chair of Supervision on the Board of Governors of the Federal Reserve System. “As you are aware, members of the United States Senate … Continue reading Biden Federal Reserve nominee dodging growing questions about corruption
House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) opened this week's hearing on “The Impact of the American Rescue Plan’s State and Local Fiscal Recovery Funds” by slamming Democrats’ reckless spending that created the highest inflation rates in 40 years. In his remarks, Ranking Member Comer pointed out that economists across the … Continue reading Comer: Democrats’ Reckless Spending Created Record-Breaking Inflation
The adult-use marijuana market in Canada has generated some $11 billion in retail sales and sustained over 90,000 jobs annually, according to an economic analysis published by the consulting firm Deloitte Canada. Canadian lawmakers legalized the commercial production of cannabis products in June 2018 and retail sales began that October. The report’s authors estimated the economic contributions of the cannabis sector from 2018 … Continue reading Canada: Retail Cannabis Market Generates $11 Billion in Sales, More Than 90,000 Jobs
Americans weighed in on the state of our union ahead of Joe Biden’s speech – and their outlook is bleak. Voters are concerned about the economy, Biden’s disastrous handling of foreign policy, illegal immigration, and crime. They also have concerns over Biden’s ability to lead. Here’s what voters think about the state of our union … Continue reading Majority of Voters are Dissatisfied with the State of the Union
State-authorized sales of retail marijuana products have yielded more than $10 billion in new tax revenue, according to an analysis compiled by the Marijuana Policy Project. “Legalizing cannabis for adults has been a wise investment,” authors of the report concluded. “Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue … Continue reading Analysis: Adult-Use Marijuana Sales Yield Over $10 Billion in New Tax Revenue
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