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.
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.
The Chinese government carried out a decade-long information theft campaign against the Federal Reserve, a report released Tuesday from Republican members of the Senate Committee on Homeland Security and Governmental Affairs revealed.
Sen. Joe Manchin, D-W.Va., and his staff told Senate Majority Leader Chuck Schumer, D, N.Y., unequivocally Thursday that he is only willing to support a reconciliation bill in August that includes a provision to lower prescription drug prices and a two-year extension of subsidies for the Affordable Care Act, according to a Democrat briefed on the conversations.
The World Economic Forum (WEF) released a position paper Monday that inexorably links two claimed global crises as one – “climate change” and the “decline of democracy.”
