• Senate Adjourns Through Labor Day Without Reaching Coronavirus Relief Deal

    Senate Adjourns Through Labor Day Without Reaching Coronavirus Relief Deal

    The Senate adjourned on Thursday until September 8, the day after Labor Day, without reaching a deal for the next round of coronavirus relief legislation. House Speaker Nancy Pelosi has indicated that Democrats would pare down their $3 trillion relief bill to $2 trillion if Republicans were willing to compromise and boost their $1 trillion …
  • Schumer Pushes Tax Cut for High Earners as Part of COVID Relief Bill

    Schumer Pushes Tax Cut for High Earners as Part of COVID Relief Bill

    With lawmakers scrambling to pass a new coronavirus stimulus bill as enhanced unemployment benefits expire on Friday, Senate minority leader Chuck Schumer (D., N.Y.) is pushing to repeal the cap on the state and local tax (SALT) deductions that primarily benefit high earners in states with high taxes. The debate over money for state and …
  • Kudlow Says Coronavirus Relief Package Will Include Second Round of $1,200 Direct Payments

    Kudlow Says Coronavirus Relief Package Will Include Second Round of $1,200 Direct Payments

    White House economic advisor Larry Kudlow said Sunday that the coronavirus relief package being rafted by Senate Republicans will include a second round of direct payments to Americans as well as an extension of the moratorium on evictions for renters. “There’s a $1,200 check coming, that’s going to be part of the new package,” Kudlow …
  • European Union Reaches $857 Billion Coronavirus Recovery Deal

    European Union Reaches $857 Billion Coronavirus Recovery Deal

    The European Union reached a “historic” deal early Tuesday morning on a massive coronavirus stimulus plan after nearly five days of intense negotiations. The deal includes $857 billion in grants and loans, the largest joint borrowing in the history of the E.U., which will go towards repairing and rebuilding the economies of the group’s 27 …
  • $1200 Is NOTHING Compared To Double Digit Trillions

    $1200 Is NOTHING Compared To Double Digit Trillions

    Maybe “budget” wasn’t really the word they were looking for. How else to explain the face of bipartisan agreement to a two year “budget” deal that lifts the debt limit and increases federal spending by $300 billion. If that’s their idea of “budgeting”, let’s just be grateful they didn’t call the agreement “Splurge 2018”. This …
  • California Legislators Spend $215 Billion And Taxpayers budgets deliver less and less.

    California Legislators Spend $215 Billion And Taxpayers budgets deliver less and less.

    California’s 2020–21 $202 billion state budget spends about three times as much per state resident, adjusted for inflation, compared to California’s 1990–91 budget. And this is after $20 billion of COVID-19 related budget cuts. But as you look around the state, you will not see this much higher spending at work. You will instead observe …
  • Government Watchdog Finds Over 1 Million Coronavirus Checks Sent to Dead People

    Government Watchdog Finds Over 1 Million Coronavirus Checks Sent to Dead People

    The Government Accountability Office revealed in a new report that almost 1.1 million dead people received coronavirus relief checks from the government that totaled nearly $1.4 billion. The GAO explains that the Internal Revenue Service (IRS) and the Treasury Department “moved quickly” to send out over 160 million payments to Americans as authorized by the …
  • The spreading debt virus — 5 potential cures for $30 trillion problem

    The spreading debt virus — 5 potential cures for $30 trillion problem

    The current U.S. budget deficit could soon exceed a record $4 trillion. The massive borrowing is being driven both by prior budget profligacy and a hurried effort by the Donald Trump administration to pump liquidity into a quarantined America. The shutdown has left the country on the cusp of a self-inflicted economic collapse not seen …
  • Trump announces $19B to support farmers

    Trump announces $19B to support farmers

    President Trump on Tuesday announced a $19 billion coronavirus food assistance program to support farmers and ranchers and “maintain the health of the food supply chain” in the United States amid the coronavirus crisis. “The farmers and ranchers are incredible people,” Trump said during comments at the Whtie House. “I’m proud to stand right by …
  • Senate Cotton calls for withholding stimulus funds from states, cities where illegal immigrants get payments

    Senate Cotton calls for withholding stimulus funds from states, cities where illegal immigrants get payments

    Senate Armed Services Committee member Tom Cotton, R-Ark., joined “Hannity” Tuesday to discuss his proposed legislation that would prevent the federal government from sending taxpayer-funded stimulus dollars to states or cities that issue payments to people in the U.S. illegally. “We shouldn’t be spending hard-earned taxpayer dollars on illegal immigrants at a time when 35 million Americans are out …