Policy Papers
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Inflation, Recession, and Crime! Oh My!
October 13, 2022
What the Inflation Reduction Act Does and Doesn’t Do
September 29, 2022
Democrats' Inflation Hands Workers A Pay Cut
KEY TAKEAWAYS Painfully high inflation under Democrats’ misguided policies has turned workers’ pay gains into pay cuts. After accounting for inflation, average hourly earnings were down 2.8% in August from one year earlier, continuing a trend of negative inflation-adjusted earnings every month since March 2021. Democrats’ stimulus law in early 2021 fueled inflation’s rise, and last month they voted to make things worse by passing their reckless tax and spend... Continue Reading
September 28, 2022
Democrats' Minimum Tax Means Fewer U.S. Jobs and Lower Wages
KEY TAKEAWAYS Workers will lose $17 billion in wages next year, and 218,000 jobs will be lost, because of the Democrats’ new “book minimum tax.” Manufacturing, mining, and retail are only a few of the industries that will be hit hard by this new tax. Some businesses in these industries will find more competitive environments overseas for their investments in factories and jobs. Democrats’ reckless tax-and-spend spree, the misnamed “Inflation Reduction Act,”... Continue Reading
September 13, 2022
Families Can't Catch A Break In Biden's Economy
Democrats’ $2 trillion stimulus law in 2021 kicked inflation into high gear, and since then they have been on a campaign to try to spin high prices one day and pretend they don’t exist the next. Last month, President Biden cheered “zero percent inflation in July,” even though prices were up 8.5% over the year. In August, prices were up 8.3% compared to this time last year, and up 13.2% from when Biden took office in January 2021. The hits on American families keep coming... Continue Reading
September 7, 2022
Fall 2022 Policy Calendar
September 15 – Final cooling-off period in freight rail labor dispute ends. If no resolution is reached and Congress does not act, a strike or lockout is allowed. September 21 – Federal Reserve’s Federal Open Market Committee announces monetary policy updates. September 28 – White House Conference on Hunger, Nutrition, and Health. September 30 – Last day of fiscal year 2022. Authorizations expire for several programs: National Flood Insurance... Continue Reading
August 11, 2022
Democrats Attempt to Spin Historically High Gas Prices
As gasoline prices finally dipped from their record high of $5 per gallon earlier this summer with demand squeezed, Democrats have cheered in recent weeks what they consider to be “low” prices. In reality, Americans are paying far more for gas now than they were before President Biden took office and over a dollar more than they were a year ago, when gas prices were already high. Democrats are on a mission to normalize historically high prices and deflect attention from their radical... Continue Reading
August 10, 2022
Reviews Are In On The "Inflation Reduction Act"
Democrats just jammed through their so-called Inflation Reduction Act, despite widespread predictions that it will do nothing to bring down inflation. This reckless tax and spend sequel to last year’s $2 trillion stimulus is largely a rerun of the same bad ideas that have fueled high inflation and driven the country into a recession. If the early reviews are any indication, it looks like it’s going to be a flop. Continue Reading
August 5, 2022
What Dictionary are the Democrats Using on Inflation?
August 3, 2022
Taboo - The Game of Unspeakable Truths
Ages: All Americans Players: 50 Senate Democrats Contents: Higher taxes * Higher energy costs * Stagflation * Recession Objective: Jam through a second partisan reckless tax and spending spree, without saying anything that would admit the truth about what’s in the bill or how it will hurt Americans. Inflation Inflation “Reduction” Act State of Economy Do not say: American Rescue Plan $2T Stimulus Spending 40-Year High 4 months... Continue Reading
July 29, 2022
Dems are Digging Bad Ideas Out of the Trash at the Worst Time
Americans are suffering under the crushing burden of high inflation, and a recession weighs on their plans for the future. But Democrats have no plan to meet the needs of the moment. Instead, they are choosing to dig some of their most reckless schemes out of the trash heap of history at the worst possible time. Democrats Dumpster Dive in Dark Economic Days Deplorable Ideas from the “Build Back Better” Dumpster Continue Reading
July 28, 2022
The Economy Can't Handle A Reckless Tax and Spend Spree
KEY TAKEAWAYS The U.S. economy shrank at a 0.9% annual rate from April to June, the second consecutive quarter that gross domestic product declined. Soaring prices are hitting families hard, and consumer sentiment and small business optimism have plummeted. Democrats’ latest reckless tax and spending spree would make things worse, dealing a harsh blow to the economy. From April to June, the economy shrank by 0.9% on an annual basis, after it already declined by 1.6% in the first... Continue Reading
July 21, 2022
Democrats Ignore the Warning Signs
July 20, 2022
Bidenflation Adds Up
KEY TAKEAWAYS Inflation has soared to a level not seen in four decades, as Americans are paying higher prices for everyday essentials and bigger-ticket things. With inflation surging and wages not keeping up, it’s no wonder people have soured on the economy. Consumer sentiment has plummeted and stands 37% lower than one year ago. Democrats’ excessive spending helped fuel inflation, and now, despite growing fears of a recession, they want to force through more reckless spending and... Continue Reading
July 19, 2022
Inflation Strangles Infrastructure
KEY TAKEAWAYS Last year, Republicans worked with Democrats to pass comprehensive legislation to improve America’s aging infrastructure, with significant increases in funding for transportation projects. The law is being undermined by surging inflation, with prices for essential materials soaring. Now, the left is pushing for reckless spending that will only make it harder for states to capitalize on investments made under the bipartisan Infrastructure Investment and Jobs Act. Last year,... Continue Reading
July 13, 2022
Back to the 80s
July 13, 2022
Bidenflation is Changing People's Lives
Americans are feeling the heat from Bidenflation this summer. Prices increased 9.1% from June 2021 to June 2022 – and last June’s prices were already 5.4% higher than the year before that. A year of soaring prices has walloped families’ budgets and forced them to make tough choices. In a recent survey, nearly 70% of Americans said they’re having to dip into savings to make ends meet, and the financial strain is particularly acute for low-income households. President Biden... Continue Reading
July 12, 2022
Looking Back at a Year of Biden's Words
June 27, 2022
Hot Dog, A Cookout is Expensive!
Last summer, as inflation just started to take off, the White House wanted Americans to celebrate a 16-cent “savings” on a Fourth of July cookout. A year later, grocery bills are rising at the fastest pace in more than 40 years, and the Farm Bureau found that same meal will cost a staggering $10.18 more. That’s a 17% increase, and 27% more than before the pandemic. With prices for ground beef up 36% from last summer, chicken breasts up 33%, pork and beans up 33%, pork chops up... Continue Reading
June 22, 2022
Biden's Independence Day Inflation: Less "Bang" for Your Buck
KEY TAKEAWAYS Inflation has skyrocketed since President Biden signed the Democrats’ “COVID relief” stimulus last year, reaching 8.6% in May, the third straight month of inflation over 8%. Persistently high inflation under Biden will cost American families an extra $7,620 in the coming year. With prices exploding across the country, inflation has soared to the top of American’s worries: 94% of Americans are concerned about inflation and 71% disapprove of Biden’s... Continue Reading