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A Message from Rep. Loudermilk: Debt Ceiling, Supreme Court & Georgia's Economy |
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In the News: Biden Supreme Court commission opposes adding justices
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Fox News:
The Presidential Commission on the Supreme Court released its first report Thursday, suggesting that an expansion of the court would be unlikely to achieve balance and instead recommending the rotation of justices.
"There are also reasons to doubt that Court expansion necessarily would produce benefits in terms of diversity of efficiency," the Commission said in the report. "There is no guarantee that a larger Court would be drawn from a more diverse group of individuals. And a larger court may be less efficient than the current complement of justices."
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In the News: The Inflation Tax Rises |
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Wall Street Journal:
Is inflation still “transitory,” as the Federal Reserve and White House like to say? Not if you’ve been visiting the grocery store, gas pump, online retailer, or anywhere else across the U.S. economy. And not judging by Wednesday’s report on consumer prices for September, which showed the same rapid rate of inflation that has been apparent this year.
The Labor Department said the consumer price index rose 0.4% in September, up from 0.3% in August. This means the price level has increased 5.4% in the last 12 months and 6.5% on an annual basis so far in 2021. This is the largest year-over-year increase since 2008, and the details in the report add to the evidence that inflation is likely to be persistent.
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In the News: U.S. Sees Biggest Revenue Surge in 44 Years Despite Pandemic
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Politico:
Despite a pandemic, a recession and a slew of tax cuts, federal tax receipts are booming.
Revenues jumped 18 percent in the fiscal year that just ended, analysts say — the biggest one-year increase since 1977.
That translates into $627 billion more than in 2020, according to the nonpartisan Congressional Budget Office, which estimates that, for the first time, total government revenues topped $4 trillion.
“They are just booming,” said Mark Booth, a former top revenue forecaster at the agency. “It is very unusual.”
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Rep. Loudermilk Supports Effort to Lower Medical Costs and Add More Cures |
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Social Media: Additional Posts |
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