Commentary: The Tax Increase That’s Hidden in Plain Sight

Americans have less money than they had last year — though taxes haven’t been raised. So what’s the problem? Inflation, which has increased at a 40-year high annual pace of 7.9%. It acts as a hidden tax because we don’t see it listed on our tax bills, but we sure see less money on our bank accounts.

In fact, inflation-adjusted average hourly earnings for private employees are down about 2.5% over the last year. This means a person with $31.60 in earnings per hour is buying 2.5% less of a grocery basket purchased just last year. “For a typical family, the inflation tax means a loss in real income of more than $1,900 per year,” stated Joel Griffin, a research fellow at The Heritage Foundation.

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Kudlow Echoes Pence, Says ‘No Second Wave’ of Coronavirus Coming

by Andrew Trunsky   White House economic advisor Larry Kudlow said Monday that there “is no second wave” of the novel coronavirus coming, as states across the country reported rapid increases in new virus cases. Kudlow touted the progress that the country has made in combating the COVID-19 virus during…

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Larry Kudlow Says American Energy Can Upend Russia’s Influence

by Jason Hopkins   President Donald Trump’s chief economic adviser said the U.S. is capable of upending Russia’s “hegemony” in the international energy market. “Some of the things we’re talking about do focus on the energy sector,” Larry Kudlow said during an interview with Hill.TV that aired Monday. “We are the dominant energy…

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Larry Kudlow Shed Light On What Will Likely Be A Major Priority For Trump In 2019

by Michael Bastach   White House economic adviser Larry Kudlow said President Donald Trump is likely to make building oil and natural gas pipelines a major priority next year to meet the needs of booming U.S. energy production. A focus on pipelines would hit two aspects of Trump’s agenda: energy…

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White House Economic Advisor Larry Kudlow Home After ‘Very Mild’ Heart Attack

Larry Kudlow

White House Press Secretary Sarah Sanders said Wednesday that President Trump’s Economic Advisor Larry Kudlow was released from the hospital after suffering a heart attack. Voice of America reported Sanders said that, according to doctors, Kudlow’s recovery was “going very well” and that Trump and his aides “look forward to seeing…

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Kudlow: Canadian Prime Minister Trudeau Betrayed Us, ‘Stabbed Us In The Back’

Larry Kudlow

by Robert Donachie   White House economic adviser Larry Kudlow said Sunday that Canadian Prime Minister Justin Trudeau “stabbed” the U.S. “in the back” when he announced his nation will impose retaliatory tariffs against America. President Donald Trump, Trudeau and other leaders of the G7 nations — Britain, Canada, Japan, Italy and…

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