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Conservative economists pour cold water on Harris’ new small-business tax proposal
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Fox News, National

Conservative economists pour cold water on Harris’ new small-business tax proposal

By Alec Schemmel  | Fox News Conservative economists are pouring cold water on Vice President Kamala Harris' new proposal aimed at reducing startup costs for new small businesses as part of her "Opportunity Economy" economic platform. Harris unveiled new small-business tax proposals last week aimed at reducing the cost burden related to starting a new business. Among the proposals was a substantial increase in the standard tax deduction for small-business startup costs, from $5,000 to $50,000. "It’s essentially a tax cut for starting a small business," the vice president said during a stump speech announcing the new proposal. "We're going to help more small businesses and innovators get off the ground." READ MORE AT FOX NEWS
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Trump predicts ‘1929-style depression’ if Kamala wins
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Breitbart, National

Trump predicts ‘1929-style depression’ if Kamala wins

By Jeff Poor | Breitbart Wednesday, during a town hall event that aired on FNC’s “Hannity,” former President Donald Trump, the Republican nominee for president, warned viewers about a repeat of the 1929 Great Depression if Vice President Kamala Harris, his Democrat opponent, wins. Partial transcript as follows: HANNITY: Here’s my point. She wants to raise corporate taxes, she wants to raise small business taxes, capital gain taxes, estate taxes, the international corporate minimum tax to the point where America won’t be competitive anymore and your tax cuts are about to expire in 2025. TRUMP: Yeah. READ THE FULL STORY AT BREITBART
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Rogan: Kamala Harris’s plan for economic failure
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Commentary, National, Washington Examiner

Rogan: Kamala Harris’s plan for economic failure

By James Rogan | Washington Examiner Today’s left-wing Democrats are yesterday’s Marxists. Judged by their policy proposals, Vice President Kamala Harris and the left wing of the Democratic Party plainly do not believe in capitalism. They do not believe in striving. They do not believe that society should be meritocratic. As with the Marxists of the last century, they believe in equality regardless of the reality that all human beings are unique. Some humans are geniuses but most are not. Some are great athletes, but most are not. Regardless of mental, physical, or artistic talent, however, the Left argues that we should all be equal. They swear fealty to that old Marxist principle: from each according to his or her ability, to each according to his or her...
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Inflation has some military families ‘grasping at pennies’
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Military Times, National

Inflation has some military families ‘grasping at pennies’

By Karen Jowers | Military Times Inflation is “destroying any joy we may have been able to afford,” the airman wrote. “We are literally grasping at pennies to survive and it’s killing us.” Statements from the airman — stationed at Holloman Air Force Base, New Mexico — and many others came in response to Military Times’ call for comments on how inflation has impacted service members and their families. Most responded with a common theme: Families are “cutting back” or “eliminating” everything from grocery shopping and driving to subscription services, vacations and eating out. Consumer prices were up by 3% from June 2023 to June 2024, according to the Bureau of Labor Statistics. That’s on top of inflation over the previous several years. READ MORE AT THE MILITARY TIMES...
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Social Security payments will be affected soon by a cost of living change
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National, The Street

Social Security payments will be affected soon by a cost of living change

By Caitlin Cahalan | The Street Sixty-eight million Americans receive Social Security Insurance (SSI) payments each month, and most retirees (58%) note that Social Security is a significant source of income in retirement. Therefore, it is crucial that these payments cover basic expenses, especially during times of stubborn inflation. The federal government provides a Cost of Living Adjustment (COLA) to ensure that the purchasing power of Social Security payments isn’t diminished by inflation and the rising cost of living. The past few years of consistent inflation have prompted the Social Security Administration to seriously reevaluate the current COLA. While the COLA is adjusted annually, years of sustained inflation typically prompt higher adjustments. READ THE FULL STORY AT...
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Wall St up as rate-cut hopes hold firm after inflation data
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Colorado Springs Gazette, National

Wall St up as rate-cut hopes hold firm after inflation data

By Johann M Cherian and Purvi Agarwal | Colorado Springs Gazette Wall Street's main indexes rose on Friday and were set for monthly gains after a key inflation report reiterated moderating price pressures, cementing bets for an interest-rate cut at the U.S. Federal Reserve's upcoming meeting in September. The Personal Consumption Expenditure index, the central bank's preferred inflation gauge, rose 2.5% in July on an annual basis compared to an estimate of 2.6%, according to economists polled by Reuters. On a monthly basis, it rose 0.2% as expected. Among rate-sensitive megacaps, Amazon.com and Microsoft gained 1.3% and 0.7%, respectively. Chip stocks rose; Broadcom added 3.4% and Advanced Micro Devices climbed 1.4%, aiding the Philadelphia SE Semiconductor index's 2.2% rise. ...
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Rent on the rise: Report shows annual increase in Denver
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kdvr.com, Local

Rent on the rise: Report shows annual increase in Denver

By Spencer Kristensen | KDVR Data released from the rental website Zumper has revealed that the price of rent is increasing nationally. Rent for a one-bedroom apartment has increased by 1.6% across the U.S. with a median price of $1,534. While two-bedroom apartments have jumped up by 2.7% and cost $1,915. Locally, no Colorado city appeared in the top 20 cities in this list, with Denver missing out coming in at the 21st spot. Denver had a median one-bedroom price of $1,850 which is a 1.6% uptick in price from last year and two-bedroom median prices at $2,470, which was also a 1.6% increase. Only three Colorado cities could be found in the top 100 cities: Denver ranked 21, Aurora ranked 34, and Colorado Springs ranked 68. READ THE FULL STORY AT KDVR
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Workers on Labor Day say inflation ‘erasing’ American dream, snuffing out hard work
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National, Washington Examiner

Workers on Labor Day say inflation ‘erasing’ American dream, snuffing out hard work

By Paul Bedard | Washington Examiner People are depressed about the economy going into Labor Day and the final election push, believing that inflation under the Biden-Harris administration has erased their dreams. In a couple of new surveys, respondents said that the dream of buying a house has been snuffed out by rising prices and that most of their daily hard work has been eaten away by inflation. A WalletHub survey provided to Secrets on Wednesday said, “74% of people think inflation is erasing their hard work.” While most believe that they are doing better than Labor Day 2023, they apparently also feel that they are moving backward and working harder. READ MORE AT THE WASHINGTON EXAMINER
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Bringing back the speakeasy, ‘Lincolns’ opens in Denver with super-secret location
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kdvr.com, Local

Bringing back the speakeasy, ‘Lincolns’ opens in Denver with super-secret location

By Maddie Rhodes | Fox 31 News A new bar just opened in downtown Denver as a basement lounge with drinks costing only $5, and that’s including tax. The only catch is the bar is hidden, so you’ll have to find it yourself. The bar, known as Lincolns, has no extra hidden fees for the $5 drinks. It keeps it honest, just like Abraham Lincoln, hence the name, owner Mark Ohlson told FOX31. “Lincolns is where the lawyer, hipster, electrician and college student all meet in agreement around what the value of a dollar is,” Ohlson said. READ THE FULL STORY AT FOX 31 NEWS
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Stocks mixed as markets digest Middle East tension
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National, The Street

Stocks mixed as markets digest Middle East tension

By Rob Lenihan | The Street The S&P 500 returns to flat after ticking higher in early action. The tech-heavy Nasdaq is down 0.8%. Investors seem to be digesting a tension-filled weekend in the Middle East. Hezbollah launched over 300 missiles at Israel, despite Israel launching hundreds of airplanes to strike an airfield in a bid to prevent the attack. Unsurprisingly, oil has made the biggest move higher. Crude oil prices are up 3.4% to $77.35 per barrel, and the United States Oil Fund  (USO) , which tracks West Texas Intermediate crude oil prices, is up 3.3%.  Big oil stocks also responded by trading higher. ExxonMobil  (XOM)  gained 2% while Warren Buffett favorite, Occidental Petroleum  (OXY)...
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