“Inflation, throughout history, has been used as a pernicious tax.It's like one degree removed, so people don't feel it directly. Then, the politicians will try to blame it on something else.But it's all about government spending.”Elon Muskhttps://t.co/zS3GA35Jej ...

What’s in the GOP’s sprawling tax-and-spending bill? https://t.co/Cy8U1qGstX ...

I tend to be in the camp of when you incur debt you end up having to pay it back. Um with the rise of modern monetary theory which has become invogue in the last several years particularly in Washington which is the belief that if you print money if you have the reserve currency you don't actually have to ever pay that debt back and so mounting levels of debt and deficit spending are fine. I don't buy that.I think there's a point at which uh the US government has to be able to sustain itself cost of influ b ...

U.S. equities were mixed at midday with the markets focused on how U.S. tax and spending policy could impact the market. https://t.co/33eA1OBwbd ...

Effectively what we're doing here is we're authorizing $3.8% trillion in deficit increases without paying for it and moreover assuming that the cost is zero. And the reason that's important is mostly for the bond markets and anybody looking at our go forward debt and deficits that effectively paves the road a beautiful road for steamrolling through any further deficit increases that any party wants from from now on. So this is like sort of the end of any sort of leash on deficit increases or spending from C ...

stocks rising in trading today. >> It's quite an interesting day if you put all of those things together. Well, sticking with consumer spending, the TSA is saying it expects to screen 18.5% million travelers this holiday weekend.That comes after two days in just the last week, ranked in the top ten of busiest days in TSA history. So how should investors weigh hard data versus soft when it comes to the consumer. Joining us now is Glenn Cuoco, Booking Holdings CEO.Glenn, welcome. What are you seeing in consum ...

On this vote, the yays are 50, the nays are 50. The Senate being evenly divided, the vice president votes in the affirmative. The bill as amended is passed.We're here on Capitol Hill where the Senate just passed President Trump's reconciliation package on a 51-50 vote with Vice President JD Vance casting the tiebreaker. The plan combines $4.5% trillion in tax cuts with $1.2% trillion in spending cuts. Senate Republicans were broadly in agreement about the main pillars of the bill, including when it came to ...

RT The Rabbit Hole (@TheRabbitHole84)“History shows that the government will spend whatever the tax system will yield plus as much more as it can get away with and now government is too big.”— Milton Friedmanhttps://t.co/BDo1W5BktH ...

President Donald Trump’s multitrillion-dollar tax and spending package moved closer to reality after it passed the Senate Tuesday.@tylerskendall explains what's in the bill and what to expect next https://t.co/mRKgyHsoPx https://t.co/XrCy8eR9sM ...

After more than 24 hours of negotiations, the Senate has passed the bill. The overhaul of taxation and spending could spell trouble for America https://t.co/b7MWVWi2Ps ...