NEWS PICKS
Liz Cheney to Form New Anti-Trump Group, Ponders Presidential Bid
McCarthy aide reacts to Liz Cheney attack with ‘ironic’ Dick Cheney quote
“We need leaders who have reverence for our Constitution, who are faithful to our Constitution, and who are going to do what’s required to abide by our oath,” Cheney said on NBC’s “Today” show, “no matter whether or not it’s politically convenient. Kevin McCarthy certainly does not fit that bill.”
Asked for a response, an aide to McCarthy pointed Fox News to “comments made by Liz Cheney’s father, Dick Cheney, when he was campaigning in 1976.”
Katie Pavlich: There is no chance Liz Cheney will be president
TOP LINE:
- Top line refers to the gross figures reported by a company, which is primarily revenues or sales.
- The term “top line” derives its name from the fact that it is the first item on an income statement.
- The importance of the top line is that it reflects a company’s ability to sell its goods or services as well as indicates if a company is growing from one period to the next.
The bill, which was passed by the Senate earlier this month and the House of Representatives last week, costs an estimated $437 billion, with $369 billion going toward investments in “Energy Security and Climate Change,” according to a summary by Senate Democrats.
Democrats claim the legislation will soften the deficit by raising $737 billion, imposing a 15% corporate minimum tax which is predicted to raise $222 billion, and prescription drug pricing which the Senate estimates will raise $265 billion.
One thing the Inflation Reduction Act is not expected to do, according to multiple analyses, is reduced inflation. The Congressional Budget Office said the bill will have “a negligible effect” on inflation in 2022, and in 2023 its impact would range between reducing inflation by 0.1% and increasing it by 0.1%.
Fed Officials Pledge More Big Rate Hikes Until There Is A ‘Meaningful’ Decline In Inflation
The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating that it will “take some time” before a reversal in monetary policy, according to the minutes from the central bank’s latest policy meeting.
The Federal Reserve reaffirmed that it is unlikely to take its foot off the pedal as it continues to raise interest rates until inflation eases in a meaningful way, with officials indicating that it will “take some time” before a reversal in monetary policy, according to the minutes from the central bank’s latest policy meeting.
Stateline.org: Schmitt, other attorneys general unite against robocalls (JOHNCOMBEST.COM)
Now, all 50 state attorneys general, Republicans and Democrats, have come together through a newly formed task force to go after U.S. telecommunications companies that allow robocalls originating overseas to reach their customers.
Stopping nuisance calls from foreign countries has been particularly challenging. The AGs have put telecom companies on notice that they must stop the scam calls before they go through to customers, or face prosecution. Experts say that strategy just might work.
“Technology has advanced to the point so AGs can see when telecom carriers are carrying illegal traffic,” said Alex Quilici, CEO of YouMail, a robocall-blocking software company that keeps track of robocalling in the United States.
“The problem has been that the (Federal Communications Commission) fines someone … one at a time, or one AG shuts down a carrier,” he said. “Now, it’s 50 going after them and 50 court proceedings and 50 fines. I’m optimistic that this will make some impact. Enforcement really is key.”
Want To Be One Of The New IRS Agents? Here Are The 17 Job Requirements
