Economy
Short takes – IRS, SF Toilet, El Paso and illegals, Stamp price hike, Foreigners hiring US Officers, New anti-gun group
For couples who file jointly for tax year 2023, the standard deduction increases to $27,700 up $1,800 from tax year 2022, the IRS announced. Single taxpayers and married people filing separately will see their the standard deduction rise to $13,850, up $900, and for heads of households, the standard deduction will be $20,800, up $1,400. […]
Short takes: Tulsi, M2 missing, RR deal 86ed
As 5JC mentioned yesterday, Tulsi Gabbard has quit the Democrat Party – her reasons are BLISTERING. “I can no longer remain in today’s Democratic Party that is now under the complete control of an elitist cabal of warmongers driven by cowardly wokeness, who divide us by racializing every issue & stoke anti-white racism, actively work […]
Triple decker: Kerch Bridge explosion, Trump policies against OPEC cut, jump in gender dysphoria diagnosis
Explosion on Kerch Bridge between Russia and Crimea A truck exploded on the bridge connecting Russia to Crimea. The truck’s explosion resulted in fuel tanks, in a nearby train, to ignite. A car traveling next to the truck when it exploded also was impacted, a couple of the passengers were pulled from the water. This […]
Americans experience most severe pay cut in a quarter of a century
Many of those who wanted employers to raise minimum wage were happy to see movement towards that objective. A combination of factors resulted in many employers raising the minimum wage to attract employees. Those who had been arguing for increased minimum wage attempted to leverage this fact to point out that employers were capable of […]
Soaring inflation wipes out over $4,000 in annual income for average American
Analysis of consumer prices data, and Federal Reserve interest rates, lead experts at a conservative think tank to conclude loss of income for the average American. The experts estimated approximately $4,200 lost since Trump left office. Additional factors that influence higher interest rates contributed to a loss of $1,200 per year. From FoxBusiness: “Simply put, […]
Democrat bill intended to reduce inflation would contribute to skyrocketing inflation
This is a warning that a letter written by 230 economists warns about. These economists argue that instead of making things better as Biden and Democrats claim, it would actually skyrocket inflation and place burdens on the economy. From Fox News: The letter was sent to Schumer, Senate Minority Leader Mitch McConnell, R-Ky., House Speaker […]
When a Recession is Not a Recession
“I did that.” An economic recession is a period of reduced economic activity, as one would imagine. It has been defined since forever as when the economic activities of a nation undergo what is euphemistically called “negative growth” for two or more quarters in a row. Here in the United States, the National Bureau of […]
White House article attempts get ahead of bad economy report
It appears that the economy has shrunk a second quarter in a row. In an effort to counter this news, the White House claimed that we are nowhere near an economic downturn. They continue their argument by suggesting that instead of using the two consecutive quarters of falling real GDP as a measure, a holistic […]
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