Taxes will go up for millions of lower- and middle-income taxpayers under the House Democrats’ version of President Joe Biden’s Build Back Better plan, according to two new analyses by the non-partisan professional staff of the congressional Joint Committee on Taxation (JCT).
A defiant President Joe Biden, in a Thursday press conference at the end of the NATO summit, said that Americans should expect to pay high gasoline prices for “as long as it takes” to get Russia out of Ukraine.
A new bill would extend the Federal Reserve’s mandate to promote “racial and economic justice,” prompting concerns as to whether this would lead to discrimination.
American consumers have never been this pessimistic about the economy, with the University of Michigan consumer confidence index plunging to a record low, as soaring inflation erodes household purchasing power and threatens a cost-of-living crisis.
President Joe Biden is planning to call on Congress on Wednesday to pass legislation that will establish a federal gas tax holiday for three months as part of the administration's effort to lower prices at the pump.
President Joe Biden’s attempts to convince the American people that Russian leader Vladimir Putin is responsible for high gas prices and inflation has failed, polling data released Tuesday showed.
