The sweeping Trump-era tax cuts in the Tax Cuts and Jobs Act of 2017 are set to expire next year, setting up the tax debate as a potentially key political issue this election year.
While illegal immigration and inflation top Americans’ list of concerns, both parties are increasingly talking about the Trump-era tax cuts, which President Joe Biden has said he will allow to expire next year.
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As borrowing costs for student loans are already at unseen levels, rates are expected to rise even higher in the coming months to a high not seen in 16 years.
According to ABC News, the current interest rate on a federal undergraduate student loan, which is 5.5%, is expected to rise to 6.5% in July. This would mark the highest level since 2008. The borrowing rate for student loans is determined as a result of adding a fixed amount of 2.05% to the yield on the 10-year Treasury bond, which is set every May at an annual auction. On Wednesday, the 2024 auction saw 10-year Treasury bonds sold at a yield of 4.48%.
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Monday, a week ago, Holocaust Day was marked by solemn remembrances in Israel and in Jewish communities around the world. It was marked in the U.S., as has been customary, by a presidential address, where Biden said nothing that would garner more than perfunctory notice.
Turns out that that was by design. For Biden had already approved a decision that gives cheer to the shade of Hitler and all his modern wanna-be-s — embargoing any arms to Israel that would allow them to keep Hamas from surviving intact and reasserting its plan for death to Israel.
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by Roger Kimball Some time ago, I participated in a conference about “policing in an age of terror.” One big topic was the place of informed hunches in the armory of the police. Was it okay, or was it culpably racist, for the police to act on educated hunches…
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Two reports released Monday show that the U.S. combined Social Security trust fund is projected to deplete its reserves by 2035.
The Trustees for Social Security and Medicare released annual reports on Monday. The Trustees projected the Medicare Hospital Insurance trust fund will exhaust its reserves in 2036. The Social Security Old-Age and Survivors Insurance (OASI) trust fund was projected to be insolvent by 2033.
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Gas prices have been elevated in recent months heading into summer, when prices are expected to rise even more.
According to AAA, the average national price for a gallon of regular unleaded gasoline is $3.65 per gallon, up from $3.59 a month ago. The prices have fluctuated in recent days and are lower than the all-time high of $5.02 in the summer of 2022. However, prices overall have risen significantly this year and are on pace to rise more in the summer months.
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Imagine a scientist who decided to reject every scientific experiment or study that had come before him and would trust only scientific principles that he demonstrated with his own experiments.
Naturally, he would completely handicap himself. In his arrogance, he’d accomplish very little with his science, since he’d be hard at work re-demonstrating every scientific discovery ever made, many of which build on each other. He could never hope to repeat what generations of scientists (many of them much smarter than he) had accomplished over hundreds of years. But if he wasn’t willing to accept their testimony, writings, and conclusions, he’d have no other choice.
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