by Daniel White | May 16, 2022 | Economy
May 16, 2022 The federal budget for fiscal year 2023 unveiled by President Biden proposed a huge new tax increase on America’s wealthiest citizens. The administration labeled it a “Billionaire Minimum Income Tax” and said it brings fairness to the tax code by...
by Daniel White | May 9, 2022 | Economy
May 09, 2022 According to a March 2022 poll by research firm tippinsights, many Americans say they’re worse off than a year ago. Keep in mind, we just enjoyed the strongest economy in four decades. In 2021, gross domestic product was up 5.7%, and wages grew 4.7% on...
by Daniel White | May 2, 2022 | Economy
May 2, 2022 We’ve talked about this before, but it just won’t go away – inflation. Americans are staring at sticker shock on pretty much everything. The dollar doesn’t go as far as it did even a year ago. So how is it affecting our shopping habits? We’ll examine this...
by Daniel White | Apr 25, 2022 | Economy
April 25, 2022 It seems we’re headed for a bear market in stocks. The Federal Reserve must raise interest rates to defeat inflation, which is at a 40-year high. As a result, monetary policy will likely tighten, money will leave the market (or less will enter), and...
by Daniel White | Apr 18, 2022 | Economy
April 18, 2022 President Biden wants to substantially increase the size and reach of the IRS, deeming it necessary to ensure that big corporations and the wealthiest Americans pay their fair share of taxes. The administration said this expansion won’t affect the...
by Daniel White | Apr 11, 2022 | Economy
April 11, 2022 American households added more than $1 trillion in new debt last year, the most in any year since 2007. Total household debt rose by $1.02 trillion in 2021, to $15.6 trillion overall, the highest total ever recorded. It was boosted largely by higher...
