On July 27, Sen. Joe Manchin (D-W.Va.) announced that he had reached a deal with Senate Majority Leader Chuck Schumer (D-N.Y.) to pledge his support for a $700 billion spending bill, which is supposed to bring in $725 billion in new revenue to the federal government and reduce the deficit by $292 billion annually. But a look…
Democrats’ $700 Billion Inflation Reduction Act Could Hurt US Consumers, Workers
How the IRS Expansion Would Empower Ruling Elites to Target Americans
Commentary “He has erected a multitude of new offices, and sent hither swarms of Officers to harass our people and eat out their substance.” Those were the words of Thomas Jefferson in the Declaration of Independence, referring to the depredation of King George III. The sentence was part of a long list of grievances that…
Capitol Report (Aug. 9): Unprecedented Raid at Trump’s Estate; Midterms in Spotlight Following Raid
August 9, 2022
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Andy BiggsCapitol ReportCCPChinaDOJDonald TrumpEpochTVFBIillegal immigrantsInflation Reduction ActJoe BidenMatt GaetzMike PenceNancy PelosiNew York Citysenate billSouthern BorderTaiwanTexasUSUS News
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Former President Donald Trump’s home was raided Monday night, and a federal judge issued search warrants days ahead. Former Vice President Mike Pence and lawmakers are weighing in. A Trump-era Department of Justice official joins us to weigh in on the FBI raid of the former president’s home. His house, too, was recently searched by…
Critics, CBO Warn Democrats’ Inflation Reduction Act Could Slash US Medical Innovation
Critics of Democrats’ Inflation Reduction Act, as well as the Congressional Budget Office (CBO), are warning that the bill’s health care provisions could cause medical innovation in the United States, which leads the world in the sector, to decline sharply. The measure, hammered out as a compromise agreement between moderate Sen. Joe Manchin (D-W.Va.) and…
LIVE 8/10 at 10:30AM ET: China Could Launch Surprise Attack on the US; How the Inflation Reduction Act Is the Green New Deal in Disguise
The Chinese Communist Party (CCP) has defined a wartime strategy against the United States with unconventional weapons and an open plan for a surprise attack. Now that the regime has encircled Taiwan with its military and is threatening war, concerns are growing that it may carry out its alleged plan to launch a surprise attack…
Biden Puts IRS Funding Ahead of Military and Border Security
Commentary Everyone should be deeply troubled by the recent report that the Army is on pace to miss its recruiting goal by dozens of thousands of troops and by the report that followed a few days later, alleging that the Border Patrol is running short of agents in Arizona and Texas. The border is so…
Republicans Warn Biden’s ‘Army of IRS Agents’ Is Coming
August 9, 2022
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Business & Marketseconomic policieseconomyInflation Reduction ActInternal Revenue ServicePoliticsRep. Tom EmmerRepublicansTed CruzUSUS News
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Republicans are warning American middle-class families and small-business owners how they will soon be the targets of the Internal Revenue Service (IRS), once President Joe Biden signs into law Democrat-backed legislation that includes funding to hire 87,000 new tax agents. The legislation, known as the “Inflation Reduction Act,” was approved by a party-line vote of…
Thoughts on the Prosperity Reduction Act, With Assists From Sulla and Pompey the Great
Commentary Sometimes the transcriptions get garbled. A few news outlets I saw yesterday carried stories about something they called the “Inflation Reduction Act.” Some people laughed and pointed out that the name was a cruel joke. Everyone who has attained the age of reason is worried about inflation. It’s the highest it’s been in 40-plus…
Inflation Reduction Act Will Increase Middle-Class and Small Businesses Taxes: Tax Law Expert
Preston Brashers, a senior tax policy analyst at the right-leaning Heritage Foundation, told the Epoch Times in an interview that despite Democrats’ insistent claims that the Inflation Reduction Act will not raise taxes on people making less than $400,000 a year, collateral effects from the bill will cause workers and small businesses alike to pay more. The…
Inflation Reduction Act Will Increase Middle Class, Small-Business Taxes: Tax Law Expert
While Democrats insist that the Inflation Reduction Act won’t boost taxes on people making less than $400,000 a year, collateral effects from the legislation will cause workers and small businesses alike to pay more, according to Preston Brashers, a senior tax policy analyst at the right-leaning Heritage Foundation. The measure, hammered out as a compromise agreement between…
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