American Families | The Georgia Star News

Commentary: America Needs the Trump Tax Cuts

October 17, 2024 Daily Caller News Foundation

The Biden-Harris administration has become synonymous with an economy in tatters. Americans are struggling with rising prices, stagnant wages, and increased obstacles to starting a business, buying a home or retiring. According to the Gallup Economic Confidence Index, Americans’ outlook on the economy from 2021 to 2024 has been negative.

Contrast this with the economic prosperity seen under the Trump administration. America enjoyed energy abundance, skyrocketing wages, a record number of startups and incredible stock market averages. A large part of this success can be credited to the 2017 Tax Cuts and Jobs Act (TCJA), a tax cut for families and small businesses that fueled one of the strongest economies in decades.

Over 800,000 Fewer Native-Born Americans Are Employed than Last Year

October 5, 2024 Daily Caller News Foundation

More than 800,000 fewer native-born Americans are employed than last year as job gains among Americans continue to lag behind those of foreign-born workers, according to data from the Bureau of Labor Statistics (BLS).

The number of foreign-born workers employed increased by approximately 1.2 million year-over-year in September, while 825,000 fewer native workers were employed, BLS data shows. The large annual difference is in spite of the roughly 920,000 upward employment fluctuation for native-born workers in September compared to August, after a 1,325,000 drop from July to August.

Poll: Families Cancel Vacations, Summer Camp Because of Inflation

May 28, 2022May 27, 2022 The Center Square

A majority of surveyed American families are worried about inflation and are changing their summer vacation plans because of it, according to newly released polling data.

The poll, from Echelon Insights, found that “75% of parents say they are concerned about the rising cost of everyday purchases like food or gas.”

Biden Action on Gas Prices Will Only Affect 1.5 Percent of Gas Stations, Save Some Americans 10 Cents

April 16, 2022April 15, 2022 Georgia Star News Staff

President Joe Biden’s recent action to address record-high gasoline prices will have a bare minimum impact on consumers, saving some American families a few dollars a month.

Biden issued an emergency waiver Tuesday allowing gas stations nationwide to sell gasoline with 15% ethanol (E15), pausing a federal environmental regulation that prohibits the corn-based biofuel mixture during the summer months to limit smog. American consumers are currently facing record-high pump prices and soaring inflation at levels not seen since 1981.

Report: Inflation Costs Families Around $3,500 This Year

December 18, 2021December 17, 2021 The Center Square

A new report estimated the annual cost of elevated inflation this year will be around $3,500 per household.

The Wharton School of the University of Pennsylvania, one of the nation’s leading business schools, released the report, which estimated much higher costs for American families because of inflation that has risen this year at the fastest rate in decades.

Monthly Child Tax Credit Payments: Who’s Eligible, and How Much Could They Get?

July 16, 2021July 15, 2021 Georgia Star News Staff

Millions of American families will begin to receive monthly cash payments Thursday as part of the $1.9 trillion coronavirus relief package that President Joe Biden signed into law in March.

The payments are an expansion of the Child Tax Credit, and will continue for a year before requiring congressional renewal. As many as 90% of American families are eligible to receive hundreds of dollars a month for each child they have, and some experts believe that the policy could ultimately cut child poverty in half.

Biden Promotes 'Free' Community College for Americans, 'Dreamers'

May 5, 2021May 4, 2021 The Center Square

President Joe Biden touted a key part of his education initiative Monday, pushing for two years of free community college nationwide, but some critics question the long-term efficacy of his plan.
Biden spoke at Tidewater Community College in Norfolk, Virginia, to promote his proposal, which would provide, among other things, $109 billion for two years of tuition-free community college.
“Do we want to give the wealthiest people in America another tax cut, or do you want to give every high school graduate the ability to earn a community college degree?” Biden asked during his speech, arguing that 12 years of schooling is not long enough in the modern economy. “That’s why the American Families Plan guarantees four additional years of public education for every person in America – two years of universal, high-quality pre-school and two years of free community college.”

Tag: American Families