The Decline In Housing Investment Risks A Recession

Falling housing investment due to the Fed’s interest rate hikes is dragging the economy down and … [+] could help cause a recession. getty The estimated second-quarter Gross Domestic Product (GDP) data released on Thursday shows the US economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%. And if … Read more

Joe Manchin Pulled The Plug On Biden’s Tax Increases. What Happens Next?

WASHINGTON, DC – MAY 10: Sen. Joe Manchin (D-WV) walks through a hallway in a Senate Office Building … [+] (Kent Nishimura / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Conservative Democrat Joe Manchin (D-WV) may have effectively sealed the fate of President Biden’s tax agenda when he said he … Read more

Forget Gas Tax Holidays. Bigger State Tax Cuts And Stimulus Checks Are In The Works

State tax cuts for 2022-2023 fiscal year. getty President Joe Biden’s proposal for a three-month federal gas tax holiday—and his call for similar state gas tax holidays—have gained a little traction. But that doesn’t mean inflation-stretched consumers won’t be seeing some tax relief soon. For a second year in a row, states, flush with federal … Read more

Gimmicky Giveaways Will Only Make Inflation Worse

President Joe Biden speaks at the Daniel Technology Center of Germanna Community College about his … [+] proposals to fix inflation. (AP Photo/Alex Brandon, File) ASSOCIATED PRESS President Biden has declared many times in recent weeks that fighting inflation is his top economic priority. Although the Federal Reserve is primarily responsible for maintaining price stability, … Read more