
Democrats Lambast GOP Plan to Abolish Income Tax and Impose 30 Percent Sales Tax
Related:
What House Republicans Should Know about the Fair Tax
Read More »The big jump in hourly pay in November isn’t inflationary. Working families’ real earnings are no higher than they were before the pandemic.
The Federal Reserve is poised to punish workers even as paychecks have been shrinking
Last week, as expected, former President Donald Trump announced he is throwing his hat in the ring for the 2024 presidential election. The move was widely expected, and as he is prone to do, Trump made a number of questionable claims in the speech announcing his candidacy.
Donald Trump’s Claims About Filling The SPR Are Not True
Related:
No, Former President Trump Did Not Fill The Strategic Petroleum Reserve
Three weeks ago, President Joe Biden threatened Saudi Arabia with “consequences” after the kingdom that is the de facto leader of OPEC supported a decision to reduce oil production by about 1 million barrels.
Washington’s Oil Supply Spat With Saudi Arabia Could Backfire
Instead of subtly courting China, Saudi Arabia, and Turkey, the administration and its congressional allies have petulantly demanded their compliance with U.S. wishes.
Washington Keeps Alienating Its Policy Partners
Energy Bills In Europe Are 90% Higher Than Last Year
The high energy bills are creating headaches for European governments: strikes and protests are multiplying and disgruntlement with energy policies is growing. The cost of living in most of Europe is already exorbitant because of the energy crisis and this crisis is only going to get worse after the EU embargoes on Russian oil and then fuels come into effect.

President Biden is a self-described “gaffe machine.” That’s no excuse, of course, for a president making false or misleading statements. Readers have asked for fact checks of a variety of recent Biden statements, but none of them seemed big enough for a stand-alone fact check. So here’s a roundup of some of the president’s recent errors of fact, made as he has barnstormed the country boosting Democrats and raising contributions in advance of the midterm elections. We generally do not award Pinocchios for roundups like this — but for reasons that will become clear, we need to make an exception for the first one.
A Bottomless Pinocchio for Biden — and other recent gaffes (archived)
U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week.
Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax

Was the price of gasoline $5 a gallon when President Joe Biden took office in January 2021? No, that’s not true: The U.S. Bureau of Labor Statistics (BLS) website says a gallon of regular unleaded gas was only going for close to $2.33, on average, at that time. For September 2022, the most recent month government statistics were available at the time of this report, the same type of fuel sold for $3.88, a 66.5 percent increase over the administration’s starting point. Gasoline prices peaked at over $5 a gallon in the summer of 2022.
Fact Check: Price Of Gas Was NOT $5 A Gallon When Biden Took Office — It Was Less Than Half As Much
The Biden administration intends to delay setting a price cap on Russian oil until after the November 8 midterms amid concerns that the fallout could weigh on Democrats’ standing in the upcoming vote, American media reported on Friday, citing sources.
Contingency planning, negotiations on price both within the administration and with allies, as well as the OPEC+ production cut have also contributed to the delay, the report said.
US Set to Delay Russian Oil Price Cap Announcement Until After Midterms, Reports Suggest
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