Republican Members of the Transportation and Infrastructure Committee held a roundtable this week with stakeholders from various points in the supply chain. The discussion provided Members with insights about the ongoing issues and challenges facing the private sector in dealing with the supply chain crisis. On the heels of President Biden’s recent public pressuring of … Continue reading Biden needs to ‘step up’ on supply chain crisis
Category: Economy
This week, the House Committee on Small Business is holding a hybrid hearing titled, "Entrepreneurship in the New Economy." Ranking Member Luetkemeyer's opening statement as prepared for delivery: Thank you, Madam Chair, and good morning. We meet today for a hearing on “Entrepreneurship in the New Economy.” Regrettably, as we’ve all witnessed over the past … Continue reading Luetkemeyer: Entrepreneurs are facing the Democrats’ economic storm
Senate Budget Committee Ranking Member Lindsey Graham (R-South Carolina) this week made this statement on Democrats’ touting a sweetheart union deal in the form of an additional $4,500 tax credit for people who buy electric vehicles made by unions, which they hope to include in the reckless taxing and spending bill. “Electric cars have the … Continue reading Democrat spending bomb includes hidden giveaway to union bosses who showered them in donations
The U.S. Senate Banking Committee formally received President Biden’s nomination of Professor Saule Omarova for Comptroller of the Currency. Notably missing from her paperwork, however, is a copy of her thesis, “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital.” On October 5, 2021, Senator Toomey sent a letter asking Ms. Omarova … Continue reading Soviet-taught Biden nominee refuses to release paper praising Karl Marx
This week Congressman Byron Donalds (R-FL) introduced legislation that bars the federal government from imposing or implementing taxation on unrealized capital gains from any taxable asset. “Democrats have become so desperate to find the means to fund their multi-trillion-dollar spending spree, they’ve now resorted to taxing wealth that technically doesn’t exist,” said Rep. Donalds. “An … Continue reading Byron Donalds announces bill to stop unrealized capital gains taxation
As labor shortages plague the trucking industry and supply chain issues continue to impact Americans across the country, U.S. Senators Joni Ernst (R-Iowa) and Chuck Grassley (R-Iowa) are calling for more Americans to be eligible to obtain a commercial driver’s license (CDL) and operate commercial motor vehicles in interstate commerce. Ernst and Grassley are urging … Continue reading Amid labor shortages and supply chain crisis, Ernst and Grassley call for govt to lift limits on commercial drivers licenses
U.S. Sen. Ted Cruz (R-Texas) and Rep. Warren Davidson (R-Ohio) today introduced the Capital Gains Inflation Relief Act, legislation to ensure an individual’s cost basis in a capital asset receives the same fair and equitable treatment as other areas of the tax code by indexing the basis for inflation. According to the U.S. Bureau of … Continue reading Ted Cruz introduces Capital Gains Inflation Relief Act
While the Biden administration and Congressional Democrats continue to haggle over the size of their reckless taxing and spending bill, new estimates show that Democrats are using budget gimmicks to hide the real price tag. New budget models from the University of Pennsylvania’s Wharton School of Business show that the taxing and spending bill put … Continue reading New Penn Wharton model estimates Democrat spending bomb price tag more than double reported costs
New disastrous polling from NBC News, Morning Consult, and ABC News could not come at a worse time for Democrats as they look to keep hold of the Virginia Governor’s Mansion. Democrats are losing ground in historic fashion on almost every issue facing America today: The 18 point advantage for Republicans on the economy is … Continue reading Dems slammed by avalanche of bad polls on eve of VA election
Disappointing U.S. economic data released last week reflected the Biden administration’s heavy-handed mismanagement of the economy. Real gross domestic product (GDP) slowed to just 2% annualized in the third quarter of 2021. The economy continues to suffer from& the Biden administration’s reckless spending and federal regulations hampering any opportunity for growth. Joel Griffith, research fellow … Continue reading Expert: Economic slowdown shows Americans suffering under Biden’s Big-Government schemes
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