Good morning from Washington, where Senate Democrats voted in lockstep last evening to advance a spending bill that would increase taxes on Americans already reeling from inflation. Fred Lucas reports for this special edition of Morning Bell. One proposed tax would get in the way of sound investing, Preston Brashers warns. Plus: China tries to rattle Taiwan with military exercises; House Democrats again fail to show that Trump committed crimes; most Americans say we’re in a recession, a poll finds; and veteran talker Dennis Prager looks back. Enjoy the rest of your weekend.
The Democrat-controlled Senate votes to proceed toward passing a $570 billion tax hike as part of a spending bill packed with costly climate and green energy provisions.
The Chinese military conducted a simulated invasion of Taiwan yesterday, the Taiwanese Defense Ministry said as China ramped up its largest-ever military exercises in the Taiwan Strait.
Fully 61% of Americans say they believe that the nation is in a recession, according to a new poll reflecting their feelings about record inflation and the overall increase in the cost of living.
