Commentary: Bidenomics Is Hurting Families

It is no mystery that the core demographics for the Democratic Party include single women, blacks and Hispanics. In 2020, Biden won unmarried women 63 percent to 36 percent over former President Donald Trump, blacks 87 percent to 12 percent and Latinos 65 percent to 32 percent, according to the CNN exit poll.

Read More

Poll: Three Out of Four Middle Class Families Are Falling Behind as Prices Rise

Three out of 4 middle class households report falling behind the rising cost of living as inflation continues to soar., according to a new poll.

Primerica released the report, which found that 75% of middle-income families “say their income is falling behind the cost of living,” an eight-point rise since March. The poll found only 16% of those surveyed think they will be better off financially in a year.

Read More

Sandy Hook Families Reach Settlement with Gun Maker Remington: Reports

Nine families of victims of the 2012 Sandy Hook Elementary School mass shooting have reached a settlement in their case against the firearms maker Remington, according to several news reports Tuesday.

The settlement comes roughly seven years after the suit was filed, according to a court document filed Tuesday and reviewed by CNN.

Remington was the maker of the Bushmaster AR-15-style rifle used in the massacre in which the lone shooter killed 20 children and six adults in Newtown, Connecticut.

Read More

Commentary: IRS Guidance Would Punish Small Business Owners with Families

Outside of IRS building

Most IRS guidance documents make for poor pleasure reading. Then again, most IRS guidance doesn’t effectively impose a retroactive tax on small business owners merely for having a family. IRS Notice 2021-49, issued on August 4, includes a bizarre interpretation of the law that will effectively raise taxes for business owners with close relatives, even if their family members have no involvement in the company.

A core goal of the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed early on in the pandemic was to assist businesses in keeping employees on their payroll even as they dealt with the economic effects of lockdowns. Part of the plan was the Employee Retention Tax Credit (ERTC), which provides a tax credit against employer payroll tax liabilities.

Read More

Migrants Coming to America Illegally Say They’re Coming to the U.S. for a Variety of Reasons

MCALLEN, Texas — Some migrants who spoke to the DCNF said they were motivated to come to the U.S. by the Biden administration, while others cited death threats from “narcos” and disaster in their home countries.

“Suddenly, the situations during the previous years weren’t like this one. This year was much more difficult,” a Honduran migrant named Javier told the DCNF after illegally crossing into the U.S. near the Hidalgo Point of Entry early Tuesday morning.

Javier said increasing “crime and a lot of insecurity” including “extortions and death threats from the cartels” motivated him to leave Honduras. He said it took him a little over a month to reach the U.S.

Read More