The House tees up a vote on Biden’s Build Back Better Bill, the judge for the Kyle Rittenhouse trial opens court with a ban on MSNBC, and the FDA asks for over half a century to release all of the data on Pfizer’s vaccine.
Obama-Era Economic Adviser Tears Into Biden Spending Plans, Warns about ‘Embedded’ Inflation
Steven Rattner, head of the Auto Industry Task Force under former President Barack Obama, is the latest Obama-era economic aide to sound the alarm on inflation, asking how the Biden administration could have gotten “this critical issue so wrong,” warning the Build Back Better plan could exacerbate inflationary pressures. Rattner made the remarks in an…
Deep Dive (Nov. 16): Pelosi: No Thanksgiving Until Build Back Better Bill Is Passed
House Speaker Nancy Pelosi tells Democrats that they aren’t leaving for Thanksgiving until they pass the Build Back Better bill. Pelosi says she hopes the vote will happen before the weekend. This, after President Joe Biden signed into law the $1.2 trillion infrastructure package. Biden told guests at the signing ceremony: “I truly believe that 50…
Critics Claim Disaster If Biden Plan Is Okayed
President Joe Biden’s latest some $2 trillion social spending plan will add trillions to the national debt, make inflation worse, and hurt traditional energy businesses. These were the contentions of a group of Heritage Foundation policy scholars. During a press briefing on Nov. 12, they reviewed the president’s Build Back Better policies. The original Build…
America Facing ‘Potentially Fatal Overdose of Government’: Rep. Davidson
As House Democrats continue trying to muster enough votes to pass President Joe Biden’s “Build Back Better” agenda, Rep. Warren Davidson (R-Ohio), a member of the House Financial Services Committee, said that the massive social spending bill—along with other Democrat-led policies—represent a “potentially fatal overdose of government” that could stifle free enterprise and push inflation higher….
Deep Dive (Nov. 10): Build Back Better Bill to Cost $2.4 Trillion, Not $1.5 Trillion: CRFB Report
House Speaker Nancy Pelosi is optimistic they’ll vote on President Joe Biden’s social spending plan next week. But it might not happen that soon. Five Democrats—enough to block the bill– are waiting for the Congressional Budget Office (CBO) to score the spending bill. CBO is warning that it might not be done with the full cost estimate…
Democrats’ Proposed Build Back Better Act a Gift to Unions, Report Says
Provisions in the Democrats’ proposed “Build Back Better Act,” a massive social spending bill that will cost trillions of dollars, will boost labor union coffers by billions of dollars, according to a new report from the Freedom Foundation in Washington state. In the report, Maxford Nelsen, director of labor policy for the Freedom Foundation, states…
Build Back Better Agenda Will Not Have Zero Price Tag on Debt: Wharton Study
A new analysis of the economic impacts of President Joe Biden’s Build Back Better budget reconciliation framework shows that, in contrast to the administration’s claims of a “zero price tag on the debt,” the spending plans would increase the federal debt by 2.6 percent in ten years. The White House on Oct. 28 released a…
Wealthy Americans Taking Action to Protect Portfolios Ahead of Biden’s Tax Hikes
October 30, 2021
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A new survey published by UBS Global Wealth Management found that a significant proportion of U.S. investors with at least $1 million in assets are taking action to get ahead of the tax changes proposed by the Biden administration as “their optimism in the economy wavers due to concerns about politics, potential tax increases, national debt,…
Elon Musk Argues Proposed Billionaire Tax Will Eventually Target Average Americans
Elon Musk issued a warning on Thursday against Democrats’ billionaire tax proposal that levies unrealized capital gains, saying that eventually the government will run out of ultra-wealthy individuals, following which, they will target the majority middle class. “US national debt is ~$28,900 billion or ~$229k per taxpayer. Even taxing all ‘billionaires’ at 100% would only…
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