Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the significant cost of a less-covered aspect of Biden’s plan.
The U.S. economy had far more vacant jobs at the end of July than economists expected, indicating that the Federal Reserve’s interest rate increases have not yet cooled the labor market.
Amidst ongoing food supply chain issues and shortages in the U.S., House Democrats introduced a bill that would designate an extra $50,000,000 for food programs for migrants in addition to a baseline of $150,000,000.
Despite claims from Biden administration officials that new funding for the Internal Revenue Service (IRS) will not increase the auditing burden on individuals and small businesses, a Friday letter from the Congressional Budget Office (CBO) reveals new auditing activity targeting taxpayers who report less than $400,000 per year will be expected to contribute to about $4 billion in revenue.
Even as the people of Germany struggle with a serious cost of living crisis, they are being told by a Green Party minister that there should be a new tax on meat.
Fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank works to ease decades-high inflation
The Internal Revenue Service will establish a centralized office to implement elements of the tax and spending bill that President Joe Biden signed last week, including almost 87,000 new IRS agents, the agency’s chief says.
President Joe Biden’s expansive student loan forgiveness plan drew a pointed response from Gov. Ron DeSantis, who declared that the Universities graduating students with “worthless” degrees should be held responsible for the debt, not the American taxpayers.
