April 27, 2024

Breitbart Business Digest: Powell Speaks and States the Obvious—No Rate Cuts Are Coming

Powell’s Progress Jerome Powell spoke today from our nation’s capital and indicated what we all know to be true: The Fed has no business cutting rates at this time. “The recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence,”

Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does

Wall Street Is a Haven for Doves Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year. When Federal Reserve officials met last month, their Summary of Economic Projections showed a median expectation for the target rate to be 5.6 percent at the end of this

Tom Cole: McCarthy’s ‘cuts’ deal with conservatives now void

“This agreement was faulty from the beginning. It’s changed over time, and now in a sense, it doesn’t exist at all because McCarthy isn’t the speaker anymore,” Rep. Tom Cole said in an interview. | AP With Kevin McCarthy out as speaker, House Rules Chair Tom Cole says Republicans are free to step back from

Disney Layoffs: Pixar Cuts Director of ‘Lightyear’ Right Before Anniversary of Woke Film’s Box-Office Disaster

Disney Walt Disney’s Pixar Animation Studios has cut 75 jobs, including two executives behind Lightyear, a woke revisionist take on a beloved Toy Story character that ended up being a box-office failure. Sources told Reuters of the job cuts on Saturday, which mark the first major job eliminations at the legendary studio in ten years. Lightyear director Angus MacLane had

Fox News Poll: Majority says only increase debt ceiling with spending cuts

With under two weeks until a potential default on the nation’s debt, a majority of registered voters says increasing the debt ceiling should only happen with spending cuts, and two-thirds believe that failing to raise that limit will result in financial catastrophe. That’s a complete reversal from 12 years ago during the last debt ceiling crisis. […]

Nolte: Far-Left Buzzfeed Cuts 15% of Staff, Closes BuzzFeed News

After more than a decade of failure, far-left BuzzFeed News is finally shutting down. BuzzFeed CEO Jonah Peretti’s memo announcing the mercy killing Thursday morning and the memo was tweeted out by a media reporter* for the far-left New York Times. In part, the memo read: Additionally, I made the decision to overinvest[**] in BuzzFeed News[***]

Conservatives to Time Tax Cuts For Maximum Benefit in 2024 General Election: Report

Conservatives to Time Tax Cuts For Maximum Benefit in 2024 General Election: Report Getty Images The UK government is planning to time badly-needed-now tax cuts and wage rises to give the maximum feeling of uplift at the next general election, which it is claimed will take place next Autumn. While the government has until January

Tiger Woods ties record for consecutive cuts made at Masters, 3-over par for tournament

Tiger Woods will play the weekend at Augusta National Golf Club.  The 15-time major winner finished his second round at 3-over par but got a little help from his friend Justin Thomas to make the cut. Tiger Woods waves after weather delayed the second round of the Masters golf tournament at Augusta National Golf Club […]

Carney on ‘Kudlow’: Wall Street Is Fooling Itself by Betting on Fed Rate Cuts

The stock market is still “at loggerheads with the Fed” thinking the central bank will cut interest rates this year instead of hiking them in response to persistently high inflation, Breitbart Economics Editor John Carney said in a Friday interview with Fox Business host Larry Kudlow. “Stocks are pricing in interest rate cuts as we

Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy

Preliminary data from S&P’s Purchasing Managers’ Index, a prominent measure of business activity, indicates that U.S. businesses are cutting activity at the highest rate in more than two years.The Flash US PMI Composite Output Index, which represents a preliminary ‘flash’ of expected business activity in August 2022 across a composite of both manufacturing and services,…

White House Cuts Coronavirus Briefings to Twice a Week

White House coronavirus officials announced Tuesday they would only brief reporters twice a week about the ongoing fight against the virus. “We are going to be moving our press briefing calls from three days per week on Monday, Wednesday, and Friday going forward to twice per week on Tuesdays and Fridays,” White House Senior Advisor…

Seattle Police Officers Guild Pres: Police Cuts in Seattle ‘Going to Spread Across the Nation’

On Wednesday’s broadcast of the Fox News Channel’s “Outnumbered Overtime,” Seattle Police Officers Guild President Mike Solan reacted to the Seattle City Council’s cut of the police budget by stating that such moves are “going to spread across the nation,” and “this is everybody’s public safety on the line as far as being negative.” Solan said,…

Rep. Jim Renacci: Trump’s tax cuts worked — don’t let the DC establishment take them away.

U.S. President Donald Trump applauds as he departs after giving remarks on tax cuts for American workers during an event in the White House Rose Garden in Washington, U.S., April 12, 2018. REUTERS/Kevin Lamarque – HP1EE4C1FZ0CG I’ve spent this last month in Ohio, hearing from American workers, families, and businesses about the effects of the […]

Palestinian fury as Trump admin cuts $200 million in aid.

The Islamic University of Gaza (credit: Mo7aisen). The Palestinian Authority and Hamas have suspended talks with the U.S. in the wake of the opening of our Jerusalem embassy, but money still talks.  The Trump administration has just used a funding cut as a way of telling them that their old strategy isn’t working anymore.  Both governing bodies.  But rest […]

Republicans Roll Out Tax Cuts 2.0

Republicans in the House of Representatives unveiled the plan for the second round of tax cuts on Tuesday, the core of which would make tax cuts for individuals permanent. Days before lawmakers head home for five weeks of summer campaigning before the Nov. 6 congressional elections, House Ways and Means Committee Chairman Kevin Brady rolled […]

What the latest jobs numbers tell us — The Trump tax cuts are working for America.

There was good economic news Friday when the Labor Department announced that the U.S. economy added 213,000 jobs in June – more than the increase of about 200,000 that economists had forecast. Contrary to media reports about “stagnant” wages, the jobs report showed that average hourly earnings increased by 0.2 percent in June, for a […]

Corporate Combat: Georgia Conservatives Aim to Derail Delta Airlines State Subsidy After Airline Cuts NRA Ties

Georgia conservatives are attempting to derail a jet fuel tax break that the state government was set to hand out to Delta Airlines after the company cut ties with the NRA in the wake of the Parkland, Florida, school shooting. Atlanta-based Delta was set to get a $40 million per year tax break on jet […]

CNN And MSNBC Won’t Report On Air That A Majority Of Americans Now Support Trump’s Tax Cuts.

After weeks of dismissing the Republican tax plan as one that only benefits the wealthy — and giving time to pundits who predicted far more apocalyptic consequences — MSNBC and CNN have given zero coverage to a survey showing a majority of Americans approving of the bill. The poll, released by The New York Times […]

America First: Check Out How 11 Of The Country’s Biggest Companies Are Helping Workers After Trump’s Tax Cuts.

When Donald Trump took office, he promised he would “make America great again.” One of the ways he said he would achieve this was to bring companies back to the United States by implementing a competitive corporate tax rate. He made good on his promise when he signed his new tax plan, which dropped the […]

Trump: Tax Cuts Working Better Than Expected

Says Dems want to shut down to stop tax cut talk. President Donald Trump touted Apple’s $350 billion investment in American jobs and facilities as proof the tax cuts are working. Speaking to reporters as he toured a factory in Pittsburgh, Trump went so far as to say the Democrats are threatening to shut down […]

Tax Cuts and Jobs Act is Approved by the House and the Senate.

President Donald J. Trump, Vice President Mike Pence, Senate Majority Leader Mitch McConnell, House Speaker Paul Ryan, and other Congressional Republicans celebrate in the White House the passing of the Tax Cuts and Jobs Act. On December 20, 2017, President Donald J. Trump, Vice President Mike Pence, Republican congressional leaders, and Republican members of the […]

It’s Official: Trump Signs Tax Cuts Into Law From the Oval Office .

President Trump has delivered his promise of tax cuts for working class Americans by Christmas and signed The Tax Cuts and Jobs Act into law from the Oval Office Friday morning. He originally planned to host a more formal signing ceremony after the holidays, but wanted to keep his Christmas deadline. “This is the bill, […]

FINAL TALLY: 664 Democrat Votes AGAINST Middle Class Tax Cuts – ZERO Dem Votes for Tax Cuts.

(Above picture from 2010 when Democrats voted for the largest tax increase in US history – Obamacare.) Democrats are at it again. On November 16, 2017, the US House voted on the tax cut and jobs act. 227 Republicans voted for tax cuts for working Americans. 0 Democrats voted for tax cuts for working Americans. […]

The Economic Impact of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act, which is expected to be signed into law today, would reform the tax code by lowering federal marginal rates for most households, corporations, and small businesses. We have revised our previous estimates of the House and Senate versions of the bill to reflect changes made by the conference committee. […]

It’s Official! Senate Passes Trump Tax Cuts! President Gives Americans Greatest Christmas Present in Decades!

After months of work and last minute alterations, the US Senate passed President Trump’s tax cuts in a vote of 51 – 49. No Democrats voted for the bill. President Trump noted earlier this week, Democrats only want to increase taxes on working Americans. From the Oval Office, the President stated that Democrats only want tax […]

Leftists Don’t Want Tax Cuts, So What Do They Want?

In September of this year, the New York Times reported that Amazon “employed 300,000 people globally by its 20th year as a public company, the fastest any American company has reached that mark.” The Times’ source for this statistic was the Progressive Policy Institute, an organization that the newspaper described as a “left-leaning think tank.” What’s perhaps interesting about the […]

NY Times Pushes Case for No Tax Cuts At All

Not everyone is crazy about the current tax reform proposals before Congress. Some want more pro-growth measures. Others want it benefits geared more toward middle- and low-income people. But a piece in the New York Times argues Congress should not pursue tax cuts at all. If anything, the piece calls for even higher taxes … […]

Trump Cuts Federal Regulations To Levels Not Seen Since Reagan Administration

President Donald Trump has cut the federal regulatory burden to levels that took the Reagan administration years to achieve, according to a new report. A report by the libertarian Competitive Enterprise Institute (CEI) found the Trump administration cut the number of pages in the Federal Register 32 percent in the first nine months of this […]

Trump, GOP roll out huge tax cuts, as Democrats vow to fight against new measures

Congressional Republicans on Wednesday unveiled the framework for their long-awaited tax-reform plan, which simplifies the tax system and cuts rates for businesses — while attempting to boost household incomes by nearly doubling the standard IRS deduction used by most Americans. “Today, we move one step closer to fixing our broken tax code,” House Speaker Paul […]

Hungary Builds a Wall, Cuts Illegal Immigration by Over 99 Per Cent

Hungary has slashed illegal immigration by over 99 per cent after rolling out a series of powerful border fences in response to the European migrant crisis, possibly providing a lesson as to the potential impact of constructing President Trump’s much-discussed southern wall in the U.S. Speaking on the second anniversary of the government’s move to seal […]

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