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From E&E news (Senators eye ‘CHIPS 2.0’ as vehicle for carbon tariff): As senators from both parties seek a pathway for advancing a bill imposing carbon tariffs, a potentially viable vehicle has emerged: a nascent legislative package to boost U.S. competitiveness against China. Senate Democrats announced last

It is widely held that a growing economy requires a growing money stock because economic growth increases demand for money. Many economists also believe that failing to accommodate the increase in the demand for money leads to a decline in consumer prices. This could destabilize

Chris Edwards The Inflation Reduction Act (IRA) of 2022 included $79 billion in added funding for the Internal Revenue Service (IRS) over the coming decade. The funding will roughly double the agency’s budget by 2031 in nominal dollars, with 57 percent of the added funding for enforcement

Clark Packard Five years ago next month the Trump administration began an aggressive trade war with China over a number of Beijing’s abusive trade and investment practices. The tariffs caused predictable retaliation imposed enormous costs on the U.S. economy, particularly manufacturing, and perhaps worst of all, failed

Socialists have managed to acquire the loyalty of a coalition of disparate groups by championing the principle of personal liberty. Especially in the United States, many women, disabled, gay people, transgender people, racial and ethnic minorities, and immigrants are among the proud supporters of the