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Heritage Expert: We Are Likely Heading for Double-Digit Inflation This Fall – An inflation rate at 9.1% is devastating enough, but the official rate doesn’t even fully capture just how bad the situation is. Lower-income families and working Americans are being especially hard-hit by skyrocketing prices on items like food, gas, and housing. This administration is tone-deaf to the economic realities and the problems that they have created. Biden’s war on affordable energy production is the main culprit for both the high gas prices and skyrocketing food prices. It is growing more and more unaffordable to make it in Joe Biden’s America, as the national average gas price is still over $4.60 and food prices continue to rise. The devastating impacts of Biden’s economic policies are eating away at American’s paychecks and savings. Heritage Experts: EJ Antoni and Peter St. Onge
Heritage Experts: New “Build Back Better” Package a Travesty Across the Board – “The Medicare Part D prescription drug program provides affordable coverage with no government price controls. Imposing price controls will damage the program, limit seniors’ access and discourage the development of new cures and treatments for seniors to live longer and healthier lives. Government price controls on pharmaceuticals is just the first step in imposing price controls across the entire health care sector, pushing the country closer to a full-blown government-run health care system that will lead to government rationing and limit access to care.” Heritage Expert: Nina Owcharenko Shaefer
“There’s no good time to raise taxes, but it’s an especially bad time when the country may already be in a recession. Yet, President Biden and congressional Democrats are pushing for a reported $1 trillion tax hike as the economy sputters, and everyday items are more expensive. Legislators usually avoid tax hikes during recessions, knowing that piling on with new taxes will only further slow the economy and cost American jobs. In 2010, even Sen. Manchin said, ‘I don’t think during a time of recession you mess with any of the taxes or increase any taxes.’ He was right then, but he is now pushing this travesty of a proposal that would increase taxes most on small businesses and increase the burden on tens of millions of Americans.” Heritage Expert: Preston Brashers
“This isn’t climate policy—it’s old-fashioned cronyism. Hundreds of billions of dollars in tax favors and other government subsidies for renewable energy technologies only shift heavier burdens on American taxpayers to shoulder policy Congress cannot afford. These proposals completely ignore root policy problems driving up energy prices and have long been contributing to the energy affordability and reliability problems Americans are suffering. The Biden administration and allies in Congress are not only actively harming Americans with policies to limit domestic production of conventional energy, but are adding insult to injury by forcing Americans to go along with a radical ‘transition’ to energy sources that cost more and offer less.” Heritage Expert: Katie Tubb
President Biden’s Middle East Trip Should Focus on Countering Iran – The principal policy focus of President Biden’s trip to Israel and Saudi Arabia should be expanding U.S.-led regional cooperation to defeat Iranian aggression. The geopolitical map of the Middle East is changing fast as Israel and Sunni Arab states work towards cooperating against a common adversary – Iran. The Biden administration should strengthen and expand Trump’s Abraham Accords that have advanced U.S. interests, strengthened allies, mitigated Iranian threats, and reduced the risks of another Arab–-Israeli war. However, in his latest display of weakness on the world stage, President Biden is expected to ask Saudi Arabia to increase its production of oil, when it’s the Biden administration’s own domestic policies at fault for gas prices breaking Americans’ banks The Biden administration should be focused on unleashing American energy production, achieving energy freedom, and providing relief to Americans. Heritage Experts: James Carafano and Jim Phillips
House’s Annual National Defense Authorization Act Scrum Reflects Best and Worst of Congress - Only one bill in Congress reliably makes it into law every year: the National Defense Authorization Act, or NDAA. The NDAA has passed for 62 years in a row, making it the extreme rarity among bills. It is meant to authorize the funding and provide key policy provisions for our country’s national defense. However, this week, many in the U.S. House of Representatives are proposing amendments that push everything from climate change to radical diversity initiatives and budget cuts that could end up crippling our national security. Heritage Experts: Thomas Spoehr and Frederico Bartels