The law that President Trump signed on July 4 ending tax incentives for wind and solar projects is expected to drive up electricity bills across the U.S., with some of the sharpest increases in Republican-led states, according to Energy Innovation, a nonpartisan think tank. read more
If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank's George Saravelos argues. read more
The Guardian writes about a 35-year-old father and tech worker who comes to the U.S. frequently to visit his girlfriend. An illness prevented him from flying before his 90-day visa expired. He was jailed for months by ICE. read more
The link to Reddit breaks the whole thing down with supporting links. Real insight into how awful small town politics is. COMMISSIONER BALDWIN: You know we had a baby flood a couple weeks ago, a month or so, whatever it was. And I keep hearing these reports of the old, old system, and I know we're not going to deal with that though. Expect that to be gone where the Jones call the Smiths, and the Smiths call Camp Rio Vista, and Rio Vista blah, blah, blah, along down the line. But it's still there and it still works. The thought of our beautiful Kerr County having these damn sirens going off in the middle of night, I'm going to have to start drinking again to put up with y'all. read more
WASHINGTON (AP) " President Donald Trump's decision to send more defensive weapons to Ukraine came after he privately expressed frustration with Pentagon officials for announcing a pause in some deliveries last week " a move that he felt wasn't properly coordinated with the White House, according to three people familiar with the matter. The Pentagon, which announced last week that it would hold back some air defense missiles, precision-guided artillery and other weapons pledged to Ukraine because of what U.S. officials said were concerns that American stockpiles were in short supply. Trump said Monday that the U.S. will have to send more weapons to Ukraine, effectively reversing the move. Two of the people, who spoke on the condition of anonymity about the sensitive internal discussions, said there was some internal opposition among Pentagon brass to the pause " coordinated by Pentagon policy chief Elbridge Colby " before it was announced.
"Some industries command pricing power while others look to be absorbing the levies."
Huh.
Republicans always say any tax hikes just get passed along to the consumer.
That's what it means to command pricing power.
But it looks like some other companies aren't doing that. They are cutting into revenue rather than pass along the costs.
And that's how raising taxes can put companies out of business.
And Republicans are raising taxes on any business that imports and exports, thanks to retaliatory tariffs.