fbpx
03.18.2024

There should be no corporate tax for small businesses that employ only American citizens or legal residents

  By Rick Manning There is an axiom of tax policy which states, “raise taxes on what you want to limit and cut taxes on what you want to encourage,” which synopsizes why some expenditures are allowed to be deducted, others get you credits, but most you […]

03.18.2024

Better off? Prices up 18 percent since Feb. 2021, incomes still only up 16.6 percent as Trump, Biden square off

By Robert Romano “ARE YOU BETTER OFF THAN YOU WERE FOUR YEARS AGO?” That was former President Donald Trump’s question to his supporters on Truth Social on March 18 . After locking up the Republican Party’s presidential nomination for 2024, now the American people are looking towards the general election where Trump will square off against incumbent […]

03.12.2024

Inflation ticks up to 3.2 percent in February amid jump in energy, transportation and shelter prices as Fed weighs interest rate cuts

By Robert Romano Consumer inflation ticked up 0.4 percent in February to an annual rate of 3.2 percent amid a jump in oil, gasoline, natural gas, transportation and shelter according to the latest data by the Bureau of Labor Statistics . Gasoline was up 3.8 percent. Fuel oil was up 1.1 percent. Natural gas was up 2.3 percent. […]

03.08.2024

Unemployment up 760,000 since Dec. 2022 as unemployment rate jumps to 3.9 percent after Biden promised ‘the landing is and will be soft’

By Robert Romano Don’t look now, but U.S. labor markets appear to be churning in the wrong direction, as the unemployment rate jumped to 3.9 percent in February , and the unemployment level hit a new high for this cycle at almost 6.5 million, up 760,000 from its low this cycle of 5.7 million in Dec. 2022, according […]

03.05.2024

Biden’s Consumer Financial Protection Board bank late charge edict is another price fixing scheme

By Rick Manning Joe Biden’s inflation has caused a banking crisis, which came to a head last year with the collapse of Silicon Valley Bank and Signature due to the near tripling of interest rates on new bonds, which destroyed the value of the low-interest bonds in […]

02.07.2024

You could eliminate every federal department, agency and fire every federal employee including the military and still not be able to balance the budget

By Robert Romano Since 1963 through 2022, the percent growth of revenues has averaged 6.9 percent a year to its present level of $4.65 trillion, according to data compiled by the White House Office of Management and Budget . In the meantime, mandatory spending including net interest owed on the national debt has grown an average 8.87 percent a year to its current […]

01.30.2024

Better off than four years ago? Consumer prices up 17.6 percent but personal income only up 15 percent since Feb. 2021.

By Robert Romano The consumer price index has increased a total of 17.6 percent since President Joe Biden took office, according to the latest data from the Bureau of Labor Statistics . In the meantime, nominal personal income measured by the Bureau of Economic Analysis has only increased by 15 percent since Feb. 2021. By that measure alone, the American people are still not better […]

01.19.2024

U.S. Rep. Spartz’ Debt Commission Act to address debt death spiral is long overdue

By Rick Manning We need a debt commission like the one U.S. Rep. Victoria Spartz (R-Ind.) is offering in the  Debt Commission Act of 2024 . America is in a debt death spiral,  with OMB projecting the national debt to rise to $50 trillion by 2033 , and it is unclear whether Congress will ever have the political will to do something about it. One […]

01.12.2024

While consumer prices surge a little, producer prices drop for third consecutive month. Are we getting the soft landing?

By Robert Romano Consumer prices experienced a 0.3 percent increase in the December amid jumps in electricity, shelter and medical care services, growing at 3.4 percent rate over 12 months, according to the latest data from the Bureau of Labor Statistics, while producer prices cooled off for the third month in […]

01.11.2024

Sen. Rand Paul offers Fed audit as regional bank bailout hits $141 billion

By Robert Romano Legislation offered by Sen. Rand Paul (R-Ky.), the “Federal Reserve Transparency Act of 2024,” would conduct an audit of the U.S. Federal Reserve by the Government Accountability Office (GAO) for the first time since the Dodd-Frank legislation of 2010 required an audit of the central bank’s purchases of mortgage-backed securities. […]

Copyright © 2008-2024 Americans for Limited Government