_{ECONOMIC NEWS}
Harris Economy Will Crush You with $1,100 in New Taxes and Devastate America's Working Class

If you thought the Biden economy was bad, brace yourself for what could be a devastating blow under Kamala Harris. If elected president, Harris is expected to spearhead one of the largest tax hikes in U.S. history by letting Trump’s 2017 tax cuts expire. The result? Working-class Americans would face crippling tax increases, with an average hike of $1,100 and up to $1,500 for a household of four. Meanwhile, small businesses, the backbone of job creation, would be crushed under the weight of lost deductions and higher taxes.

But that's not all. Harris' agenda includes expanding taxpayer-funded welfare programs, pushing more Americans out of work and into government dependency. Nearly 2 million jobs are expected to vanish as small businesses shrink, and families face a future of less income, fewer opportunities, and soaring inflation. Harris may promise relief, but her policies will take America’s economy into a downward spiral, leaving the middle class to suffer the most. Read More.

_{FINANCIAL NEWS}

Is the U.S. on the Brink of a Devastating Recession? Experts Warn of Economic Collapse

Throughout 2024, the Federal Reserve appeared to successfully manage inflation without pushing the U.S. into a recession. However, recent economic data, including a jump in the unemployment rate to 4.3% in July, is raising concerns. This increase triggered the Sahm Rule, a historical indicator of potential recession, causing a major market drop and raising alarms among economists.

Though some experts, like economist Gregory Daco, caution that this may not signal an immediate recession, the risk of economic contraction is growing. Goldman Sachs recently raised its recession probability to 25%, citing the rise in unemployment. The tightening of financial conditions due to high interest rates is straining both businesses and consumers, increasing the chances of a downturn. Read More.