At a U.S. Senate Energy and Natural Resources hearing this week, Senator Steve Daines called out President Biden’s inflationary crisis and war on Made in America energy that has led to higher electricity and energy costs for Montanans. Daines warned that this problem will only get worse if Biden and the Democrats pass their reckless … Continue reading Daines slams Biden for inflation crisis, anti-American energy schemes jacking up heating and gas costs for families
Category: Economy
Joe Biden promised he wouldn’t raise taxes on middle-class families. But his so-called “build back better” plan will raise taxes on blue collar Americans while giving tax cuts to the wealthy. According to the non-partisan Tax Policy Center, 20 to 30 percent of middle-income households would pay more in taxes. Meanwhile, most millionaires would receive … Continue reading Build Back Broke: Middle class get tax hike while blue state millionaires get tax break
Club for Growth released new digital ads in five Congressional districts asking constituents to reach out to their Representatives and tell them to keep their word and vote against President Joe Biden’s so-called “Build Back Better” Act. “These five Democrats promised their constituents that they would vote against Biden’s radical tax-and-spend bill and now they’re … Continue reading New Club for Growth ads targeting five Democrats to vote no on Biden tax and spend bomb
Senate Budget Committee Ranking Member U.S. Senator Lindsey Graham (R-South Carolina) reacted to a report from the Tax Policy Center on the Democrats’ tax proposals in the latest version of their Reckless Tax and Spend legislation. Graham noted that under the Biden Administration and Congressional Democrats’ plan, changes to the State and Local Tax (SALT) … Continue reading Graham on Biden economic agenda: Tax cuts for the rich, inflation for you
Economic indicators released Wednesday show that U.S. annual inflation hit a more than three-decade high in October. The economy continues to suffer from the Biden administration’s reckless spending and federal regulations that stifle any opportunity for growth. Joel Griffith, research fellow in Heritage’s Roe Institute for Economic Policy Studies, made the following statement in response to the dismal economic indicators: “The cost of living increased at the steepest rate in more than three decades this … Continue reading Here’s how Biden inflation is robbing you
Bad news for consumers – prices rose 0.9 percent in October and to a 30-year high, according to data released today by the Labor Department. CEI Senior Fellow Ryan Young explains ways policymakers can help tamp down on inflation: “Inflation increased yet again. Inflation is what happens when the supply of money grows faster than … Continue reading Inflation hits record highs, here’s what politicians can do to stop it
Americans for Limited Government President Rick Manning issued the following statement in response to inflation rising to 6.2 percent annualized per the Bureau of Labor Statistics: “The Labor Department’s measurement of price increases in the month of October showed an annual increase of 6.2 percent led by energy inflation which have jumped by 30 percent … Continue reading Inflation explodes to 6.2 percent annually as Congress jacks up spending
This week, the Government Accountability Office (GAO) released a report on the impact of Opportunity Zones (OZs) on America's most underserved communities. Providing tax incentives for investments in designated OZs was a part of Senator Tim Scott's (R-S.C.) signature work in the Tax Cuts and Jobs Act of 2017. Among other findings, the GAO reported: The census … Continue reading Tim Scott’s ‘opportunity zones’ drew $29B to low-income areas: ‘Changing the game’
Americans for Free Trade spokesperson Jonathan Gold released the following statement calling on United States Trade Representative Katherine Tai to remove tariffs on imports from China amid continued concerns over inflation: “As Treasury Secretary Janet Yellen acknowledged in a recent interview with Reuters, tariffs boost costs domestically and raise prices for U.S. businesses and consumers … Continue reading Economic leaders: Lift tariffs to relieve inflation pressure on families
This week, the Biden Administration announced proposed rules on methane emissions, targeting energy exploration and production in the oil and gas industry. Timed to factor into negotiations at the COP26 conference in Glasgow, Scotland, the rule would impose more stringent requirements for maintaining natural gas and oil wells. Senior Fellow Ben Lieberman responded to the … Continue reading Biden methane scheme destroys energy jobs and jacks up gas prices
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