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.
A new Gallup poll has found that a mere 1 per cent of Americans view Russia as a major problem, with far more concern expressed about inflation, bad governance and the state of the economy.
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.
Nearly half of America's food banks describe rising numbers of people lining up for handouts, as inflation puts pantry basics out of reach and the Biden administration’s eight-year anti-hunger plan comes unstuck.
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 Democrats’ marquee bill to reduce inflation would likely have zero impact on inflation, according to a study by the influential Penn Wharton Budget Model.
