Connect with us

Economics

Donald Trump is creating chaos at the IRS

Published

on

Economics

What happens if the Inflation Reduction Act goes away?

Published

on

“IT’LL BE somewhere between a scalpel and a sledgehammer,” was how Mike Johnson, speaker of the House, described the emerging Republican approach to the Inflation Reduction Act (IRA), Joe Biden’s signature climate law. Pressure from companies and congressmen with clean-energy projects benefiting from its subsidies in their districts (most are found in Republican counties) suggested surgical precision would prevail. But relentless pressure to abolish the IRA from the president, who is a fan of drilling, baby, drilling and denounced the law as the “Green New Scam,” pointed instead to brute force. The president reinforced this by dropping in on a private party caucus on May 20th to strong-arm waverers and threaten dissenters with a MAGA primary challenge. “They won’t be Republicans much longer…they’d be knocked out so fast,” he declared.

Continue Reading

Economics

Joe Biden did not decline alone

Published

on

Accept, for a moment, Joe Biden’s contention that he is as mentally as sharp as ever. Then try to explain some revelations of the books beginning to appear about his presidency: that he never held a formal meeting to discuss whether to run for a second term; that he never heard directly from his own pollsters about his dismal public standing, or anything else; that by 2024 most of his own cabinet secretaries had no contact with him; that, when he was in Washington, he would often eat dinner at 4.30pm and vanish into his private quarters by 5.15; that when he travelled, he often skipped briefings while keeping a morning appointment with a makeup artist to cover his wrinkles and liver spots. You might think that Mr Biden—that anyone—would welcome as a rationale that he had lost a step or two. It is a kinder explanation than the alternatives: vanity, hubris, incompetence.

Continue Reading

Economics

Three paths the Supreme Court could take on birthright citizenship 

Published

on

AMERICA’S SUPREME COURT appears unusually uncertain about how to resolve Trump v CASA—a case that could redefine who qualifies as an American citizen and reshape the limits of judicial power. At issue is the 14th Amendment’s promise of citizenship for “all persons born or naturalised” in America. For more than 125 years this has been understood to grant automatic citizenship to almost everyone born on American soil (the children of diplomats and soldiers of invading armies are exceptions). Donald Trump has issued an executive order that claims the clause was never intended to apply to children of undocumented immigrants and temporary visa-holders.

Continue Reading

Trending