Democrats
failed to come to a compromise on how to move forward with both the ban
and a police funding initiative on Wednesday. Instead of being
scheduled for a vote by the end of this week, they have pushed both
bills past the August recess. Read more here.
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Saturday, July 30, 2022
The groups argued that the agreement, titled the Inflation Reduction Act, will increase pressure on small businesses that have already struggled to stay afloat amid record-high prices and slowing economic growth.
The legislation was unveiled after weeks of negotiations between Manchin and Senate Majority Leader Chuck Schumer, D-N.Y., who said it would guarantee corporations and the wealthy "pay their fair share."
"We
all know that taxes roll downhill," Alfredo Ortiz, president of the Job
Creators Network, told FOX Business in an interview. "So, it's either
going to be an increase in cost and, ultimately, in prices to the
consumer, which is inflationary, or it's going to be a job killer. At
the end of the day, you have a few levers to pull." Read more and see videos here.