A corporate tax increase embedded in what critics are calling the “deceptively named” Inflation Reduction Act (IRA) could imperil as much as $8 billion a year in low-income housing funds, according to experts. The low-income housing tax credit (LIHTC) is a dollar-for-dollar tax deduction introduced during the Reagan administration. It has helped create and rehabilitate…
Corporate Tax Hike in Inflation Reduction Act Could Jeopardize Low-Income Housing Program: Analysts
August 24, 2022
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Federal Government Imposes First-of-Its-Kind Fee on Greenhouse Gas Emissions
Hidden deep within the over 700 pages of the recently passed Inflation Reduction Act (IRA) is a brand-new provision intended to give the Environmental Protection Agency (EPA) power to cut greenhouse gas (GHG) emissions. Specifically, the IRA establishes the “Methane Emission Reduction Program” under a new section in the Clean Air Act, allowing the EPA…
Manchin Warns Democrats Not to Betray Him on Climate Deal
Sen. Joe Manchin (D-W.Va.) is warning other members of his party not to back out of a compromise climate deal that helped Democrats pass the $700 billion Inflation Reduction Act. Specifically, Manchin agreed to lend his support to the bill—crucial for the bill’s eventual passage through the evenly divided Senate—in exchange for consideration at a…
IRS Hiring Spree Is the Biggest Expansion of the Police State in American History
Commentary The Democrats’ new reconciliation bill isn’t just going to be the largest-ever expansion of a government agency. It’s going to be the largest expansion of the domestic police state in American history. Only a statist could believe that a federal government, which already collects $4.1 trillion every year—or $12,300 for every citizen—supposedly needs 80…
Is Modern Environmentalism a Pagan Religion?
Commentary The great Rush Limbaugh used to say that “the modern environmentalists worship the created, not the creator.” I was reminded of that after listening to House Speaker Nancy Pelosi once President Joe Biden signed the fiscally unconscionable $750 billion tax-and-spend Inflation Reduction Act, which gives another $369 billion to the climate change-industrial complex. Pelosi…
Inflation Reduction Act May Heighten Inflation
August 23, 2022
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Commentary The $369 billion plan of climate and energy spending in the Inflation Reduction Act is highly likely to heighten Inflation, at least in the medium term, which goes against the original intention of the Reduced Inflation Act. President Joe Biden signed the Inflation Reduction Act on Aug. 16, 2022, which contains a $369 billion…
Gas Prices Could Jump Again If China Opens After Covid-19 Lockdowns, Sec. Granholm Warns
August 22, 2022
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Energy Secretary Jennifer Granholm has cautioned that gas prices could surge if China opens up significantly after strict COVID-19 lockdowns within the country. Granholm made the comments on “Fox News Sunday,” where she noted that while the Biden administration is hopeful gas prices will continue to fall, the United States is “at the whim of what…
‘Spend Now, Deal With the Consequences Later’ Is the Worst Policy
Commentary Governments and central banks have become the lender of first resort instead of last resort, and this is immensely dangerous. Global debt soars, inflation creeps in, and many of the so-called “supply chain disruptions” are the result of zombification after years of subsidizing low productivity and penalizing high productivity with increased taxes. There are…
Washington’s Flawed New Law
August 19, 2022
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Editor’s note: This is the first of a three-part series. Each part looks at a different part of the new Inflation Reduction Act. This first article offers a general assessment of the law followed by a more detailed summary of its green initiatives. The second part of this series will deal with the revenue enhancers…
Ep. 51: Podcaster Sam Harris Says He Wouldn’t Care If Hunter Biden Had ‘Corpses of Children in His Basement’ | The Larry Elder Show
Sam Harris, a prominent atheist and liberal podcaster, defended Twitter’s censorship of the New York Post’s Hunter Biden laptop report just weeks before the 2020 presidential election. He admitted the censorship “absolutely” was a “conspiracy” to prevent Donald Trump from winning re-election, but argued it was justified during an interview on the Triggernometry podcast Wednesday….
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