As inflation remains near record high levels, President Biden unveiled a plan on Wednesday to cancel $10,000 in student loan debt for borrowers making less than $125,000 per year. According to a press release from the White House, the “Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with
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Both top Democrat economist Larry Summers and top Republican economist Arthur Laffer agree that President Biden’s expected decision to forgive a massive portion of student loan debt will worsen inflation. “The White House
Over the weekend, President Biden touted the so-called “Inflation Reduction Act” by pointing out how it would advance climate legislation – which has nothing to do with inflation. “The Inflation Reduction Act
The Democrats’ “Inflation Reduction Act” would reduce after-tax incomes for Americans in every income bracket and will worsen inflation, according to a new report from the nonpartisan Tax Foundation. The Tax Foundation
On Tuesday, Walmart CEO Doug McMillon warned that the effects of inflation will be “with us basically forever” and explained how higher prices are affecting his corporation. According to a report from
