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President Trump’s Farewell Address to the Nation—Full Transcript
In his final address to the nation on January 19, President Donald Trump emphasized his belief in the decency of the American people and...
Study Shows Potential Economic Pain in Colorado If Fracking Is Banned on Federal Lands
A new study from the University of Wyoming lays out how a ban on hydraulic fracturing (“fracking”) on federal lands would lead to “significant fiscal and economic losses” in Colorado through 2040, including $3.5 billion in lost tax revenue and $16 billion in lost income.
U.S. Economy Poised for Strong Start to New Year
Total wages and salaries in November were slightly above their peak in January. After adjusting for inflation, wages matched their peak. Total personal income and real disposable income were 3 percent above their prior peaks.
In contrast, consumer spending was 2 percent below its peak and spending after inflation was 3 percent below its peak.
With incomes slightly above and spending slightly below peak levels, it appears the overall economy has fully recovered even as pockets of weakness remain.
How the Trump Tax Cuts of 2017 Will Make COVID-19 Economic Recovery Easier
By Adam Michel
December 22 marks the third anniversary of the signing into law of the Tax Cuts and Jobs Act, the most sweeping update to...
1 Million Floridians Who Voted for Trump Also Voted for Minimum Wage Increase
On November 3, Floridians voted on a proposed constitutional amendment that would enact a $15 minimum wage.
A “yes” vote supported the initiative to increase...
U.S. Economic Growth Stays Steady Despite COVID Case Surge
Despite the surge in COVID cases, the economy continues to move along without missing a beat.
Initial U.S. unemployment claims for the second week in...
Economy Continues Improving, Future Depends on Election Outcome
The official data continue to show the economy rebounding nicely at the end of September and into October. The latest weakness in stock prices likely reflects uncertainties over the election.
Jobs, Housing Show Recovery Continues
There were only two insightful reports on the economy this past week—for jobs and housing. Both show impressive gains.
Weekly initial unemployment claims fell by...
The Battle for California Is the Battle for America
By now, this is a familiar story. California is a failed state. Thanks to years of progressive mismanagement and neglect, the cities are lawless...
Analysis: $15 Federal Minimum Wage Would Cost More Than 2 Million in Job Losses
If a $15 an hour minimum wage were implemented nationwide, more than 2 million jobs would be lost, according to a new report published by the...