Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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- Opinion
Politics of Economic Redistribution, RIP
Whatever happened to the Democrats’ reputation as the party favoring the working man? Put another way, what happened to the Democrats as the party promising economic redistribution from the rich to the average man? Those are questions that Democrats are asking after Vice President Kamala Harris’ decisive, but not landslide, loss to President-elect Donald Trump….Michael Barone -
- Opinion
Radical NLRB Chief Should Be Replaced, Not Reappointed
Senators, yes, it’s the holiday season and a lame-duck session, but don’t get distracted from the reason you’re in Washington—namely, to improve Americans’ lives. Unfortunately, some Republican senators are failing to show up for votes to block outgoing President Joe Biden’s nominees, allowing Senate Democratic leader Chuck Schumer, D-N.Y., to easily shepherd eight federal Biden…Carrie Sheffield -
- News
Here’s How Much Taxpayers Spent on ‘Gender Transition’ Services for Kids
DAILY CALLER NEWS FOUNDATION—The Biden-Harris administration opened the door for a massive increase of taxpayer-funded transgender interventions, including child sex-change surgeries, and the Daily Caller News Foundation has obtained enough data to give a partial estimate of the cost. From January 2018 to September 2023, 16 states spent more than $165 million funding “gender transition…Megan Brock -
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‘Accountability Is Coming’: Iowa’s Ernst Sends Musk’s DOGE $2T Worth of Ways to Gut Government SpendingÂ
DAILY CALLER NEWS FOUNDATION—Sen. Joni Ernst sent Department of Government Efficiency cochairmen Tesla CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy a letter Monday with ideas for budget cuts that could save the federal government more than $2 trillion. Trump named Musk and Ramaswamy as cochairmen of DOGE on Nov. 12. In the seven-page letter, Ernst’s…Harold Hutchison -
- Opinion
Last, Best Hope to Lasso National Debt?
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. The Biden administration is handing President-elect Donald Trump a lit fuse on a $37 trillion debt bomb. Because they’ve added $12 trillion in debt over the past four years—more than we added in the first 220 years of…Peter St. Onge -
- News
$7M BUDGET HOLE: Teachers Union Halts School for 2 Weeks Over ‘Unreasonable’ Demands
The Massachusetts Education Association apparently pushed three neighboring teachers unions to go on strike at the same time, sources close to the unions say. Because of the strikes, schools in three districts in Massachusetts have been closed for over two weeks, leaving working parents in the lurch without child care and extending the school year…Elizabeth Troutman Mitchell -
- Opinion
No Tax on Tips
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Will Donald Trump end tax on tips? Will he go all the way and end tax on everything? During the campaign, our 47th president made a big, beautiful series of promises about things he would exempt from the…Peter St. Onge -
- Opinion
GO WOKE GO BROKE: The Ultimate DEI Hire Is Out of a Job, Despite Spending More to Win
It was the worst of times, it was the worst of times. Seriously, it was the worst of times! How could a half-black, half-Asian, comparatively young woman lose so handily to a straight white male?! Hasn’t Donald Trump learned that he’s the recipient of a veritable mountain of privilege? In the name of justice, he…Tyler O’Neil -
- News
Here’s How Colorado Voted on New Firearms Tax
DAILY CALLER NEWS FOUNDATION—Colorado voters passed a tax on firearms and ammunition sales in the state aimed at reducing gun violence, The Associated Press projects. Proposition KK applies a 6.5% tax on all sales of firearms, ammunition, and certain firearms parts, according to the Colorado Legislature. The tax revenue will be used to help “crime victim support services, mental…Wallace White -
- Opinion
30 Years of Inflation Crammed Into Less Than 18 Months
Make no mistake, the recent scourge of inflation and high interest rates has been a heist buried beneath economic jargon. It has transferred a tremendous amount of wealth from hardworking Americans to the federal government. The root cause of this disaster—reckless government spending and money-printing—should serve as a reminder that the federal deficit is the…Richard Stern -
- Opinion
Inflation Is the New Tax on Georgia Families
As the Peach State recovers from back-to-back hurricanes, Georgians are struggling to rebuild their families’ lives. With the Federal Emergency Management Agency’s inadequate response being just another symptom of the misuse of taxpayer dollars, many are becoming cynical. Making things even harder is the ever-increasing cost of goods and services. The federal government prints a…Ashley DeVore -
- Opinion
Inflation Has Neutered the Underdogs
Life in the Chicagoland area has changed drastically over the past few years. Inflation has ruined Portillo’s Italian Beef Sandwiches, ketchupless hotdogs, and mom-and-pop restaurants. Maya Sanchez, a senior at Elmhurst University and Chicagoland native, is just one of many struggling with inflation. Growing up in the area, Sanchez has very fond memories of going…Alexander Gonzales -
- Opinion
The Illusion of Growth: How Inflation Skews Our Perception of the Stock Market
Americans can readily see the effects of record-high inflation every time they shop. Prices have soared, from the grocery store to the gas pumps. Although inflation has cooled, families are still feeling the pinch. And the harm doesn’t end there: Inflation also is making stock markets appear stronger than they really are and cutting into…Alexander Frei -
- Opinion
Harris’ Plan to Spread California’s Economic Dysfunction
Vice President Kamala Harris was born and spent most of her life in California, where she was elected to the Senate. It should, therefore, come as no surprise that her proposed policy agenda is aligned with California-style governance. Since the effects that high taxes and heavy regulation have had on the Golden State are clearly…David Ditch -
- Opinion
Inflation: Government’s Secret Tax That Erodes Your Hard-Earned Cash
Those in power talk about inflation as if it’s a natural occurrence. They’d have you believe that there’s no more sense in blaming government leaders for a bout of inflation than in blaming them for rainy weather on the weekend. This is nonsense. The White House and Congress deserve to be blamed for inflation, because…Preston Brashers -
- Opinion
Nevada Taxpayers Foot $100 Million Bill for Illegal Immigrant College Students
One out of every 32 students enrolled in a public university in Nevada is an illegal alien. They have no legal basis for being in this country, but these unlawful students are enjoying their university’s classes, recreational facilities, parties, and sporting events—all of which are subsidized by hardworking Nevada taxpayers. The Nevada System of Higher…Jay Greene -
- News
‘FEELING THE SQUEEZE’: Most Hispanics Say Country’s on Wrong Track, Taxes Are Too High
FIRST ON THE DAILY SIGNAL—According to a recent poll, fully 75% of Hispanic voters think the country is on the wrong track. Even among self-identified Hispanic Democrats, 63% of those polled held that view. The survey—conducted online by Public Opinion Strategies for Americans for Prosperity, a libertarian conservative political advocacy group—found that Hispanics, by margins of…Christina Lewis -
- Opinion
Electricity Prices, Driven Up by Mandates, Jeopardize Economic Stability
High inflation could soon make a comeback across the American economy. That’s because a combination of soaring demand for electricity and artificially constricted supply has laid the foundations for steadily increasing electricity prices. Not only do people rely on electricity, but it’s an essential component of all commerce in the economy. As such, a healthy…Mario Loyola -
- News
Debt Colonization in Japan
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Japan just fired its stunningly unpopular prime minister, Fumio Kishida, replacing him with a new guy who, in just a few short months, will be just as stunningly unpopular. Why? Because Japan has gone so far down the…Peter St. Onge -
- Opinion
Inflation Rising Is Awkward for Powell, Nightmare for Harris
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Inflation is rising again, and even Federal Reserve cheerleader Bloomberg is worried the Fed is losing the plot. Inflation rising is awkward for the Fed, given Chairman Jerome Powell already cut rates for the looming recession. In fact,…Peter St. Onge