President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.
Chinese entities have acquired immense swaths of American soil and are poised to continue doing so. "Millions of acres in U.S. farmland are expected to change hands in the next decade."
Sens. Rand Paul (R-Ky.) and Maggie Hassan (N.H.) are set to lead the first congressional hearing on gain-of-function research as part of his ongoing efforts to investigate the origins of the COVID-19 pandemic.
Amazon, one of the largest tech employers in the world, has revealed that it is now hiring at the slowest pace since 2019 and has cut over 100,000 employees globally in the June quarter, likely due to the dramatic economic slowdown since 2021.
The Affordable Care Act, No Child Left Behind, and the USA PATRIOT Act received new competition for the title of Most Inappropriately Named Bill when Senate Democrats unveiled the Inflation Reduction Act.
The Democrats’ marquee bill to reduce inflation would likely have zero impact on inflation, according to a study by the influential Penn Wharton Budget Model.
