Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
Tag: American Rescue Plan (2021)
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IRS Decision Not to Tax Certain Payments Carries Fiscal Cost
The Biden administration has opted not to tax state payments to residents, a decision that could add to the nation’s fiscal woes.
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$500 a Month, No Strings: Chicago Experiments With a Guaranteed Income
For recipients, it’s a lifeline. For liberal supporters, it shows how expanding government can make a difference. For conservatives, it’s a return to wasteful welfare handouts.
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Why Mississippi, a Covid Hot Spot, Left Millions in Pandemic Aid Unspent
Stop-and-go federal funding floods public health agencies with cash during crises but starves them of funds afterward. The coronavirus pandemic shows the pitfalls of that approach.
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Biden Caps Two Years of Action on the Economy, With New Challenges Ahead
The president used a slim congressional majority to enact legislation that could reshape the American economy — if his administration can make the laws succeed.