Yesterday, the Bureau of Labor Statistics (BLS) released numbers indicating that the average price level of consumer goods has risen 4.2% since this time last year. This is the highest rate since 2008. In other words, the average consumer making the same salary this year has taken a pay cut when you consider what their … Continue reading Why Inflation Is at a 12-year High
Category: Washington
President Biden’s infrastructure plan includes $174 billion in subsidies for electric vehicles and charging stations. That would be a waste of taxpayer money because businesses are already pouring billions of dollars into EV research, production, and infrastructure, as noted here. There are already tens of thousands of EV charging stations across the country in places such as Target parking lots. As businesses … Continue reading No Need for Biden’s Electric Vehicle Subsidies
President Biden’s infrastructure plan is a mess of contradictions. It promises to increase America’s competitiveness and “create millions of good jobs,” but it would be funded by a corporate tax increase that would do the opposite. The plan would provide large corporate subsidies, even though leading Democrats often complain about corporate subsidies. Perhaps the most striking contradiction in Biden’s … Continue reading Biden Infrastructure Plan: Funding Not Green
In a recent opinion piece, Senator Josh Hawley claims that America’s economy is witnessing a widespread take‐over from monopolies – big tech, big pharma, big finance, and more. These companies, the story goes, then harness their market power to foist ideological progressive agendas on an unwilling public. This narrative is misleading at best. First, big is not synonymous … Continue reading Trustbusters or Business‐Busters?
President Biden is pitching his $2.7 trillion+ “infrastructure” plan, chock full of items unrelated to traditional transportation infrastructure, as key to restoring the economy and putting Americans back to work. It’s right in the name: the “American Jobs Plan.” “This is the moment to reimagine and rebuild a new economy,” Biden said in introducing his … Continue reading Biden Infrastructure Plan Would Hurt Economy in 3 Ways over Long Run, Ivy League Analysis Finds
Recently, a few journalists and (unsurprisingly) the U.S. lumber industry have downplayed U.S. "trade remedy" duties' potential contribution to skyrocketing domestic lumber prices, noting that current duty rates stand at "only" 9 percent for most imports from Canada - the largest foreign supplier and longstanding target of U.S. trade restrictions. Surely, many factors (most obviously pandemic-induced shocks … Continue reading U.S. Lumber Duties Are More Than Just a Rate
President Biden has just unveiled a new $2.3 trillion “infrastructure” plan, but a shockingly large portion of this bill is actually unrelated to infrastructure. The plan includes massive subsidies for corporations as well as state and local governments, and comes right after the administration’s proposed increase in the corporate tax rate, which would raise the … Continue reading Biden’s $2 Trillion Infrastructure Plan Is Loaded With Corporate Welfare
Back in 2009 President Obama famously proclaimed, “There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.” And Vice President Biden chimed in: “Every economist, as I’ve said, from conservative to liberal, acknowledges that direct government spending on a direct program now is the best way to infuse … Continue reading Fact Check: Yes, There Are Economists against Biden’s $1.9 Trillion Plan
President Biden just signed his sweeping $1.9 trillion spending package into law. Once this bill hits the books, total taxpayer expenditure on (ostensibly) COVID relief will hit $6 trillion—which, roughly estimated, comes out to $41,870 in spending per federal taxpayer. Did you see anywhere near that much in benefit? The sheer immensity of this spending … Continue reading Federal ‘COVID’ Spending Just Hit $41,870 Per Taxpayer. Did You See That Much in Benefit?
The media were flooded Monday with news that the Biden administration is working on a colossal new $3 trillion to $4 trillion spending plan. While full details are not available yet, the plan appears to be another left-wing grab bag of big-government proposals. Rather than stimulating the economy, it would stimulate bigger government while funneling unprecedented amounts … Continue reading $3T Infrastructure Grab Bag Would Strangle Economy, Americans With Debt, Taxes
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