Why A Hike In The Federal Gas Tax Is A Bad Idea
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There’s a lot of talk in Washington about a compromise infrastructure bill that would include a hike in the federal tax on gasoline and diesel fuel. Bad idea! This segment of What’s Ahead lays out why.
Proponents say this tax hasn’t risen in years, and is thereby lagging inflation. And they also point to the concept of user fees. Tolls are meant to finance and maintain particular roads and bridges. Fuel taxes are another tool to do the same for the Interstate and other toll-free facilities.
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Iran And Russia Are Testing Biden: Is Our National Security At Risk?
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Iran and Russia are testing President Biden. This segment of What’s Ahead lays out how Biden’s responses will have enormous implications for stocks and our security.
Iran is deliberately provoking a full-scale conflict between Hamas and Israel as part of its new offensive to dominate the Middle East. Teheran is playing a cynical, deadly game, figuring the Biden administration will ultimately respond with new concessions in its nuclear negotiations in order to get Iran to act as a “peacemaker.” Our Middle East allies may conclude they can’t rely on the U.S. and must therefore make “peace” with the mullahs.
Why Stocks Are Crashing And What You Need To Know
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After setting record after record, stocks are taking a hit. This episode of What’s Ahead explains why.
The villains are obvious. The most immediate trigger for the slide is inflation. The Federal Reserve says the surge in the cost of living is transitory, but our central bank will be fueling these fires if it prints money to finance the Democrats’ spending binge.
Also weighing on stocks is the possibility of economy-killing tax increases.
Another dark cloud is the increasingly dicey situation for national security, as evidenced by the escalating Iran-incited conflict between Israel and Hamas and the cyber attack on our largest pipeline, which couldn’t have happened without Moscow’s acquiescence.
Surprising U.S. Jobs Report: An Economic Warning Sign?
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A million or more new jobs that’s what experts confidently estimated for the April jobs report. Instead, the number came in at only 25% of that expectation. Never before in the history of these surveys has there been a miss of that magnitude.
After all, there are currently almost 8 million job openings.
This segment of What’s Ahead lays out why we should be worried.
Contrary to the Biden administration’s spin that this disappointment is the result of Covid-created structural impediments, the barriers to a good report are government-created. The biggest is Uncle Sam’s paying bonus unemployment benefits. Millions of people are making more by not working than by returning to the labor force.