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FOXNEWS Your World With Neil Cavuto July 7, 2024

democrats are not only paying for this $700 billion tax and spend package by raising taxes, super sizing the irs to bring more muscle on so they can go after taxes. the tax reduction act the senate passed over the weekends gives the irs $80 billion to add agents to their roster spending money to bring in more money. this is six times the current annual budget of the irs. half of the $80 billion goes to inflation efforts, having auditors pour over taxes with a fine tooth comb to make sure they re paying their fair share. we also empowered the irs to go after wealthy tax cheats so that we collect taxes that are already to you and owing from very wealthy people that try to hide their income. not contribute to the country. the white house and the irs commissioner insists that audit rates for anyone making less than $400,000 will not increase. but last year half hoff all irs audits were people making $75,000. republicans say there s no way that the irs can guarantee that ....

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FOXNEWS Your World With Neil Cavuto July 7, 2024

safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree. ceos are noting a shift in how we shop from buying big things like electronics to appliances to food and essential. goldman sachs says they re seeing customers tap into credit to get by. dave powell says the federal reserve must bring down inflation. they re going to act aggressively raising rates to do so. that warning hit the growth stocks today. apple, the country s biggest company is do ....

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2017 Debt Limit Should Trigger Spending Limit—with Enforcement

2017 Debt Limit Should Trigger Spending Limit—with Enforcement
heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.

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Congress Should Prioritize a 2020 Miscellaneous Tariff Bill

On December 31, 2020, tariff suspensions included in the Miscellaneous Tariff Bill (MTB) Act of 2018 will expire, as will the process for reviewing MTB petitions. Congress generally considers an MTB every two years to temporarily eliminate costly tariffs on products with zero, or insufficient, domestic availability. Many of the products included in the MTB are intermediate goods, such as chemicals and food stuffs, and eliminating tariffs on them helps American businesses to stay competitive. ....

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Capitol Fax.com - Your Illinois News Radar » Campaign notebook

Capitol Fax.com - Your Illinois News Radar » Campaign notebook
capitolfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitolfax.com Daily Mail and Mail on Sunday newspapers.

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