Category: Economy

Taxpayer-Funded Group Offers $30,000 to Illegal Aliens to Buy Homes

American Greatness
Home Buyers

A far-left organization that has received funding from taxpayer dollars is offering up to $30,000 to illegal aliens so that they can purchase homes in the United States.

As the Daily Caller reports, the Hacienda Community Development Corp. (Hacienda CDC) is participating in a down payment assistance program in Oregon called “Camino a Casa.” The initiative is explicitly only available for non-citizens, while American citizens are ineligible. The $30,000 handouts are branded as down payment assistance for illegals who are attempting to purchase new homes.

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Commentary: Solar Company Benefiting from IRA Has Forced Labor Problem

South Carolina Sun Staff
Solar Panel Installation

Vice President Kamala Harris was “proud to cast the tie-breaking vote” for the Inflation Reduction Act. Would she be proud if her administration’s solar subsidies fund supported forced labor in China?

That may be the case with Hanwha Qcells, a South Korean solar company operating in Georgia. Bloomberg recently reported that two Chinese suppliers of the company obtained polysilicon for solar panel components from companies sanctioned by the U.S. government for employing forced Uyghur labor. Hanwha and their Qcells plant leadership deny these allegations, but Bloomberg reports “that the company offers assurances but no public details of its polysilicon sourcing.”

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Report Challenges Harris’ Assertion That Higher Food Prices Equal Corporate Greed

The Center Square
Grocery Shopping

Rising grocery store prices over the last few years aren’t the fault of farmers or “greedy” corporations, a conservative North Carolina research organization concludes in a new documentary series and report.

Instead, higher energy prices and more regulations are the culprit, according to the John Locke Foundation documentary series Sowing Resilience.

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McMaster Signs Tax Credits for South Carolina Railroads and Abandoned Buildings

The Center Square
Henry McMaster

South Carolina Gov. Henry McMaster has signed a measure to extend tax credits for revitalizing abandoned buildings and South Carolina short-line railroads.

S. 1021, which the Republican governor “ceremonially” signed on Wednesday, extends the provisions of the South Carolina Abandoned Buildings Revitalization Act that were set to expire on Dec. 31, 2025. The credits now run through 2035 and increase the maximum credit a taxpayer may earn in a year from $500,000 to $700,000.

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Biden Admin Overcounted Job Growth Estimates by Nearly a Million

Daily Caller News Foundation
People working in an office

The federal government overestimated the number of jobs in the U.S. economy by 818,000 between April 2023 and March 2024, according to data from the Bureau of Labor Statistics released Wednesday, stoking fears of a slowdown in the U.S. economy.

Economists at Goldman Sachs (GS) and Wells Fargo anticipated the government had overestimated job growth by at least 600,000 in that span, while economists at JPMorgan Chase had predicted a lesser decline of 360,000, according to Bloomberg. The downward revision follows a trend of the BLS overestimating the number of nonfarm payroll jobs added, with the cumulative number of new jobs reported in 2023 roughly 1.3 million less than previously thought as of February 2024.

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Ford Ditching Plans for Electric Vehicle SUV as Market Struggles Continue

Daily Caller News Foundation
Ford EV plant

Ford said Wednesday that it is canceling its plans to build a three-row electric SUV as the wider U.S. electric vehicle (EV) market continues to struggle.

The company announced that it expects to take up to $1.9 billion in write downs and other special charges related to its decision after losing billions of dollars on its EV product line in 2023. In addition to canceling its three-row electric SUV, Ford is also pushing back its plans to roll out an electric pickup truck model until 2027, a one-year setback.

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Seasonally Adjusted July Unemployment Increases in South Carolina

The Center Square
Job Interview

South Carolina’s seasonally adjusted July unemployment rate increased to 3.9%, up from 3.6% in June and a revised rate of 2.8% in July 2023.

State officials say the state has “record-breaking numbers” for people in jobs. Additionally, they pointed out the rate remains lower than the national norm of 4.3%.

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Commentary: Two Years On, the IRA Is Exactly What Its Critics Said It Would Become

Daily Caller News Foundation
Joe Biden

In a recent interview, World Energy Council Secretary General Angela Wilkinson told me that one of the main impediments to the energy transition today is a lack of what she calls “systems thinking.”

“Energy transitions are a change in the organization of society,” she pointed out. “They’re not a simple case of swapping out one technology for another and everything else stays the same. Yet, we have this very simplistic narrative that we can take the oil system, we can put renewables in, it’s going to happen immediately, and nothing else will change. It’s like saying we’re going to take your thighbone out, but we’d like you to run a marathon.”

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