and reflected on the past, present, and future of our nation, I was reminded of something Thomas Jefferson once wrote: “It is incumbent on every generation to pay its own debts as it goes.”
The new CBO economic outlook issued in June projects $22 trillion in deficits over the next 10 years — more than all our cumulative borrowing between 1789 and when Biden took office. As a result, an estimated 60 cents of every dollar borrowed will go to interest. My committee colleagues and I have a responsibility to communicate with our constituents and clearly explain this financial bind so we can rally support and create change. We are working on a three-pronged effort to raise public awareness, mobilize constituent support, and drive legislative action against deficit spending.
Blake D. Moore is a U.S. representative for Utah and the vice chairman of the House Republican Conference. He serves on the House Budget Committee and Ways and Means Committee.Next year is going to see an epic showdown over tax policy. Many provisions of Republicans’ 2017 tax law are set to expire, and most people’sOf special interest to parents, and to Republicans’ growing working-class base, will be how the final compromise treats marriage and children among the less well-off.
Instead, the CTC should largely be continued as it is today, though it should automatically increase with inflation, which doesn’t currently happen. Say a parent with two children earns $35,000, and the parent’s romantic partner earns the same amount. If the couple is unmarried, the parent will receive
Hardworking people are paying a heavy price for the Bidenomics agenda, which unleashed the highest inflation in 40 years and forced up interest rates. The typical family’s lost purchasing power from inflation and higher borrowing costs have together cost them the equivalent of almost $8,000 in annual income. Bidenomics has dug quite a deep hole for the average person’s finances.
In 1776, the cause of freedom in the New World meant winning independence from Great Britain. For America’s semiquincentennial in 2026, it will mean winning independence from Washington’s failed economic agenda.
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