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Inflation slowed to 8.5% for the 12 months ending in July thanks to lower energy prices, according to the consumer price index, a welcome sign that price pressures might be peaking. → Read More
West Virginia’s treasurer sees his state’s successful effort to cut off financial institutions that “boycott” fossil fuel companies as a prelude to a broader push against what is known as the environmental, social, and governance, or ESG, movement. → Read More
An analysis found that the Inflation Reduction Act would reduce the tax burdens of most people but still decrease the after-tax income of some earning below $400,000. → Read More
Core inflation is expected to rise in the consumer price index report set for release Wednesday, even as falling gas prices are forecast to bring down overall inflation. → Read More
The Federal Reserve’s aggressive interest rate hikes appear to be driving down consumer expectations for inflation in the coming months and years. → Read More
Sen. Kyrsten Sinema (D-AZ) appears to have gotten a concession in the new Democratic inflation legislation that would preserve a feature of the tax code favored by Republicans and many economists as a way of increasing business investment and economic growth. → Read More
A deal between Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) on a healthcare, tax, and climate proposal, dubbed the Inflation Reduction Act of 2022, has cast a new spotlight on Sen. Kyrsten Sinema (D-AZ), who is the only unclear Senate Democratic vote on the legislation. → Read More
A deal between Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) on a healthcare, tax, and climate proposal, dubbed the Inflation Reduction Act of 2022, has cast a new spotlight on Sen. Kyrsten Sinema (D-AZ), who is the only unclear Senate Democratic vote on the legislation. → Read More
The Democratic proposal to impose a minimum tax on book income was tried before nearly 40 years ago, and some say the experience reveals problems with the current plan. → Read More
The Democratic inflation legislation would have little effect on combating inflation in the near term, according to a Congressional Budget Office analysis. → Read More
A deal between Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) on a healthcare, tax, and climate proposal, dubbed the Inflation Reduction Act of 2022, has cast a new spotlight on Sen. Kyrsten Sinema (D-AZ), who is the only unclear Senate Democratic vote on the legislation. → Read More
Republicans argued that the $80 billion boost to IRS funding included in the Democratic inflation bill would end up hurting lower- and middle-class taxpayers, rather than the billionaires advertised by Democrats. → Read More
A deal between Sen. Joe Manchin (D-WV) and Senate Majority Leader Chuck Schumer (D-NY) on a healthcare, tax, and climate proposal, dubbed the Inflation Reduction Act of 2022, has cast a new spotlight on Sen. Kyrsten Sinema (D-AZ), who is the only unclear Senate Democratic vote on the legislation. → Read More
Senate legislation to deregulate marijuana could give a boost to states that have legalized and taxed the drug and dedicated the revenues to social programs. → Read More
Secretary of Labor Marty Walsh long opposed legalizing marijuana as the mayor of Boston, but as Democrats introduce legislation to do so nationally, his position is unclear. → Read More
New modeling by the Tax Foundation estimates that the Democratic inflation legislation's tax hikes would eliminate some 30,000 jobs. → Read More
Washington Examiner Energy and Environment Reporter Jeremy Beaman joins Jim Antle to the discuss what is in the surprise reconciliation bill from Chuck Schumer and Joe Manchin. → Read More
Washington Examiner Energy and Environment Reporter Jeremy Beaman joins Jim Antle to the discuss what is in the surprise reconciliation bill from Chuck Schumer and Joe Manchin. → Read More
The odds of the economy falling into a recession have risen over the past several months as inflation remains stubbornly high and the Federal Reserve is forced to hike rates. → Read More
The highest inflation in more than four decades is making everything from shopping for groceries to taking a vacation much more expensive for consumers. → Read More