jimnyc
04-08-2021, 04:01 PM
Way to go Joe!!
And he's solid on jobs already too. :( And a study done at Rice University isn't calling for rainbows and sunshine.
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Migrant Apprehensions Jump 72 Percent in One Month — Up 450 Percent from Last March
Border Patrol agents apprehended nearly 170,000 migrants in March who illegally crossed the border into the United States. This represents an increase of nearly 72 percent in one month.
During the month of March, Border Patrol agents took 168,195 migrants after they illegally entered the U.S. from Mexico according to the Southwest Land Border Encounters report released on Thursday by U.S. Customs and Border Protection.
“CBP has experienced an increase in encounters and arrests. This is not new. Encounters have continued to increase since April 2020, and our past experiences have helped us be better prepared for the challenges we face this year,” said CBP Senior Official Performing the Duties of the Commissioner Troy Miller in a written statement. “We are committed to balancing the need to maintain border security, care for those in our custody, and keep the American people and our workforce safe.”
Rest - https://www.breitbart.com/border/2021/04/08/migrant-apprehensions-jump-72-percent-in-one-month-up-450-percent-from-last-march/
Jobless Claims Unexpectedly Jump to 744,000, Much Worse Than Expected
New weekly jobless claims rose to 744,000 for the week that ended April 3rd, the Department of Labor said Thursday.
Economists had forecast a decline to 680,000 from the previous week’s 719,000. This is the second consecutive week in which initial jobless claims moved up in contradiction to expectations. The upper end of the range of forecasts in the Econoday survey was 705,000.
Jobless claims can be volatile week to week so economists like to look at the four-week average. This rose by 2,500 to 723,750.
Continuing claims, which get reported with a week’s lag, fell to 3,734,000, a decrease of 16,000, in the week ended March 27.
Including new programs for gig workers and small business owners, the total number of continued weeks claimed for benefits in all programs for the week ending March 20—the most recent data available—was18,164,588, a decrease of just 50,862 from the previous week.
Rest - https://www.breitbart.com/economy/2021/04/08/jobless-claims-unexpectedly-jump-to-744000-much-worse-than-expected/
Study: Biden Tax Hikes Will Cost 1 Million Jobs in First Two Years
President Biden’s tax hike plan would cost the American economy one million lost jobs in the first two years, according to a study from the National Association of Manufacturers.
The study, released Thursday, details the long and short-term damage to the economy inflicted by Biden’s tax hikes and repeals of Trump’s pro-manufacturing policies.
NAM President and CEO Jay Timmons summarized the studies findings:
“After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities. If we undo those reforms, all of that will be put at significant risk. Manufacturing workers will lose out on jobs, growth and raises. We should be building on that progress, not rolling it back. But the conclusion of this study is inescapable—follow through with tax hikes that give other countries a clear advantage and we’ll see far fewer jobs created in America.”
The study, authored by Rice University economists John W. Diamond and George R. Zodrow (https://www.nam.org/wp-content/uploads/2021/04/TaxStudyOnePager.pdf), calculated the effects of increasing the corporate tax rate to 28%, increasing the top marginal tax rate, repealing the 20% pass-through deduction, eliminating certain expensing provisions, and taxing capital gains as ordinary income for individuals earning $1 million or more.
They found that the U.S. would lose one million jobs in the first two years, GDP would be $117 billion lower by 2023, and ordinary capital, or investments in equipment and structures, would be $80 billion less in 2023.
“There are some who are well-meaning and have suggested that the U.S. corporate tax rate should increase, but not by as much as the 28% proposed. Unfortunately, what that means is that America will still lose jobs and investment, just not quite as much. America just can’t afford that, especially now,” Timmons said.
https://www.breitbart.com/economy/2021/04/08/study-biden-tax-hikes-will-cost-1-million-jobs-in-first-two-years/
And he's solid on jobs already too. :( And a study done at Rice University isn't calling for rainbows and sunshine.
---
Migrant Apprehensions Jump 72 Percent in One Month — Up 450 Percent from Last March
Border Patrol agents apprehended nearly 170,000 migrants in March who illegally crossed the border into the United States. This represents an increase of nearly 72 percent in one month.
During the month of March, Border Patrol agents took 168,195 migrants after they illegally entered the U.S. from Mexico according to the Southwest Land Border Encounters report released on Thursday by U.S. Customs and Border Protection.
“CBP has experienced an increase in encounters and arrests. This is not new. Encounters have continued to increase since April 2020, and our past experiences have helped us be better prepared for the challenges we face this year,” said CBP Senior Official Performing the Duties of the Commissioner Troy Miller in a written statement. “We are committed to balancing the need to maintain border security, care for those in our custody, and keep the American people and our workforce safe.”
Rest - https://www.breitbart.com/border/2021/04/08/migrant-apprehensions-jump-72-percent-in-one-month-up-450-percent-from-last-march/
Jobless Claims Unexpectedly Jump to 744,000, Much Worse Than Expected
New weekly jobless claims rose to 744,000 for the week that ended April 3rd, the Department of Labor said Thursday.
Economists had forecast a decline to 680,000 from the previous week’s 719,000. This is the second consecutive week in which initial jobless claims moved up in contradiction to expectations. The upper end of the range of forecasts in the Econoday survey was 705,000.
Jobless claims can be volatile week to week so economists like to look at the four-week average. This rose by 2,500 to 723,750.
Continuing claims, which get reported with a week’s lag, fell to 3,734,000, a decrease of 16,000, in the week ended March 27.
Including new programs for gig workers and small business owners, the total number of continued weeks claimed for benefits in all programs for the week ending March 20—the most recent data available—was18,164,588, a decrease of just 50,862 from the previous week.
Rest - https://www.breitbart.com/economy/2021/04/08/jobless-claims-unexpectedly-jump-to-744000-much-worse-than-expected/
Study: Biden Tax Hikes Will Cost 1 Million Jobs in First Two Years
President Biden’s tax hike plan would cost the American economy one million lost jobs in the first two years, according to a study from the National Association of Manufacturers.
The study, released Thursday, details the long and short-term damage to the economy inflicted by Biden’s tax hikes and repeals of Trump’s pro-manufacturing policies.
NAM President and CEO Jay Timmons summarized the studies findings:
“After decades of advocating for a tax system that provided competitive rates and modern international tax provisions, manufacturers in America kept our promises following the enactment of the 2017 tax reforms: we raised wages and benefits, we hired more American workers, and we invested in our communities. If we undo those reforms, all of that will be put at significant risk. Manufacturing workers will lose out on jobs, growth and raises. We should be building on that progress, not rolling it back. But the conclusion of this study is inescapable—follow through with tax hikes that give other countries a clear advantage and we’ll see far fewer jobs created in America.”
The study, authored by Rice University economists John W. Diamond and George R. Zodrow (https://www.nam.org/wp-content/uploads/2021/04/TaxStudyOnePager.pdf), calculated the effects of increasing the corporate tax rate to 28%, increasing the top marginal tax rate, repealing the 20% pass-through deduction, eliminating certain expensing provisions, and taxing capital gains as ordinary income for individuals earning $1 million or more.
They found that the U.S. would lose one million jobs in the first two years, GDP would be $117 billion lower by 2023, and ordinary capital, or investments in equipment and structures, would be $80 billion less in 2023.
“There are some who are well-meaning and have suggested that the U.S. corporate tax rate should increase, but not by as much as the 28% proposed. Unfortunately, what that means is that America will still lose jobs and investment, just not quite as much. America just can’t afford that, especially now,” Timmons said.
https://www.breitbart.com/economy/2021/04/08/study-biden-tax-hikes-will-cost-1-million-jobs-in-first-two-years/