“The sharp increase in softwood lumber prices, on top of high inflation and supply chain challenges, has only further added to residential construction costs.” U.S. Sens. John Thune (R-S.D.) and Bob Menendez (D-N.J.) this week urged U.S. Department of Commerce Secretary Gina Raimondo and U.S. Trade Representative (USTR) Katherine Tai to prioritize lumber tariff relief … Continue reading Thune, Menendez Urge Administration to Prioritize Lumber Trade to Improve Housing Costs
Category: Economy
Senator Mike Braun is introducing “The Braun Budget” – a balanced federal budget designed to throw the brakes on out-of-control government spending, fight inflation by bringing expenses and revenue into balance over 10 years, and unleash American prosperity by making the Trump tax cuts permanent. Under to Congressional Budget Act, if the Senate Budget Committee fails … Continue reading Senator Braun introduces balanced federal budget to fight inflation, unleash prosperity
The non-partisan grassroots group Americans for Prosperity (AFP) this week submitted a Freedom of Information Act (FOIA) request probing the federal government’s role in causing and exacerbating the national baby formula shortage. A mountain of evidence already indicates the overbearing federal regulatory regime – including draconian FDA labeling requirements and tariffs on competing products from overseas – is … Continue reading AFP Submits FOIA to Investigate the Food and Drug Administration’s Failures in Baby Formula Crisis
House Budget Committee Republican Leader Jason Smith (MO-08) released the following statement after the Consumer Price Index showed inflation at a forty-year high of 9.1 percent and rising 13.8 percent since President Biden took office: “President Biden’s inflation crisis is sending America hurtling towards a recession after turning the American Dream into an unaffordable nightmare … Continue reading As Biden’s Inflation Crisis Pushes America Toward Recession, Democrats Scheme on Higher Taxes & More Spending
Americans are entrepreneurial, especially immigrants. One out of four start-ups are founded by people not born in the country. Yet many states have laws that effectively shut new entrants out of a sector that could stand to benefit from innovation: health care. These “certificate of need” or CON laws let large health care companies effectively monopolize certain … Continue reading U.S. Supreme Court Appeal: Immigrant Entrepreneurs Challenge Law that Let Hospital Conglomerates Stop Their Home Health Care Business
Senate Republican leaders have sent a letter to the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) requesting more information on the potential budgetary and economic impacts of making the temporary expansion of premium tax credits (PTC), justified as pandemic relief by Democrats, permanent. The letter was sent by Senator Richard Burr (R-NC), Ranking Member of … Continue reading Democrats dump gasoline on inflation inferno with new Obamacare spending spree
A new pair of analyses by the nonpartisan Joint Committee on Taxation (JCT) shows that the Democrats’ latest tax-and-spend provisions under discussion will increase taxes on millions of Americans making less than $400,000 per year, and the average tax rate for every single income category would increase. The JCT previously confirmed that the House-passed Build Back Better … Continue reading Another Study Confirms Democrat Proposals Hike Taxes on All Americans
President of Americans for Limited Government Rick Manning issued the following statement reacting to the release of weekly Unemployment Insurance Claims by the US Department of Labor. Weekly unemployment insurance claims filed in the week ending July 2 by the US Department of Labor sent another warning sign that the overall economy is tipping toward recession as … Continue reading Economic warning sign: Unemployment insurance claims continue steady three-month rise
New data released by Americans for Free Trade, a broad coalition united in the fight against tariffs, reveals the steep price United States businesses, consumers, workers, and manufacturers have paid as part of the ongoing trade war with China. Americans have paid an estimated $129 billion in Section 301 tariffs between July 2018 and April 2022, … Continue reading As inflation rages, Americans paid an extra $129 billion to DC in trade war tax on consumer goods
Voters are fed up with the Democrats’ radical agenda that is destroying our economy and emptying their pocketbooks. New CBS poll shows: 75% say the economy is bad.29% approve of Joe Biden’s handling of inflation.41% approval rate for Joe Biden, marking the lowest approval rating of his presidency. As the Democrat Party turns its back on American … Continue reading New CBS Poll: Voters Lose Faith in Economy and Democrats
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