✪ Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to an aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.”
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✪ In the next couple of months, the Biden Environmental Protection Agency will issue new fuel economy standards that could be impossible for carmakers to meet – without going electric. That, at least, is what President Joe Biden’s EPA Administrator Michael Regan is indicating...
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✪ Ed Bastian made $17 million in 2019 as chief executive officer of Delta Airlines, Georgia’s largest employer. Bastian just blasted Georgia’s new voting law. He thinks it is racist to require the same sort of ID to vote that Delta requires for its passengers to check in….
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✪ Companies must be held accountable. When they carelessly and callously wield their power to strike out at the American people, they must be made to feel pain. Not simply nagging second thoughts or embarrassment, but real pain: pain in their wallets, in their boardrooms, and in the offices of their general counsels…
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U.S. Home Prices Rising At The Fastest Pace in 15 Years
✪ U.S. home prices are rising at the fastest pace in 15 years as the pandemic and a surge in urban shootings have fueled demand for single-family houses even as the supply for such homes shrinks…
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✪ Several Senate Democrats are pushing to boost federal revenue by taxing certain capital gains that are passed down after death. Traditionally, unrealized capital gains have not been taxed, allowing wealthy individuals to transfer stocks, bonds and real estate investments to their children and grandchildren without the recipients being taxed…
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✪ Transportation Secretary Pete Buttigieg is thinking up new ways to fund infrastructure, and his latest proposal would deal a big blow to American workers. While speaking with CNBC last Friday, Buttigieg said he liked the idea of a tax based on the number of miles driven to raise money to improve roads...
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✪ Three years after the Tax Cuts and Jobs Act took effect, Democrats in Congress are ready to roll back some of the most critical reforms. The business tax cuts have been maligned by Democrats as “corporate welfare” and beings contrary to the best interests of workers. In reality, the corporate tax cut succeeded at allowing new business investment, creating jobs, raising wages, and increasing the economy’s size…
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Don’t Let Financial Regulators Dream Up ‘Climate’ Solutions
✪ Financial regulators are suddenly rushing to take on ‘climate change.’ In its latest Financial Stability Report, the Federal Reserve states that it is now investigating:
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✪ President Joe Biden’s White House team is drafting a massive $3 trillion infrastructure spending deal, according to reports, but most of the spending will be directed toward social welfare programs…
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