- August 12, 2022
- Posted by: Stratford Team
- Category: Economy
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New jobless claims just rose again, to the highest level since last November. If the economy keeps shrinking, as it did in the first two quarters of 2022, unemployment will likely grow worse. And help definitely is not on the way from Washington.
The trimmed-down Build Back Better bill that Democrats are ramming through this week, after all, is raising taxes on Americans amid the recession.
Yes, worse than the ludicrous misnaming, since the “Inflation Reduction Act” does nothing to reduce inflation, are the hundreds of billions in new taxes that’ll wallop Americans, including:
- A 15% minimum corporate tax aiming to raise $313 billion, costs certain to be passed to customers and workers via higher prices and lower wages.
- A $6.5 billion tax on energy companies that will likewise be passed to consumers, and a $12 billion levy on imported oil that’ll raise the gas prices at the pump yet more.
- A $124 billion…
