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Inflation – Page 3 – Pacific Research Institute

Inflation

Commentary

Let’s Not Be So Quick to Lower Medicare Eligibility Age

A new report from the Congressional Budget Office takes a close look at one of the most wasteful and unnecessary healthcare proposals on the Democratic agenda — reducing Medicare’s eligibility age to 60. Joe Biden endorsed the idea as a candidate for president. But it’s never made much sense. Medicare’s Part A hospital insurance ...
Business & Economics

Handcuffing Freelancers Is Bad For Economy And Small Business

Addressing the persistent problem of inflation requires pro-growth fiscal and regulatory policies in addition to concerted tightening by the Federal Reserve. Unfortunately, President Biden’s plan to address inflation, as outlined in his recent Wall Street Journal editorial, would implement the exact opposite. Instead of empowering entrepreneurs to accelerate growth and improve prosperity, ...
Business & Economics

Here’s why gas prices could skyrocket again

We’re all looking for relief from record-high gas prices these days. Gas prices are the highest in the United States history at a nationwide average of $4.59 as of May 19, according to AAA. Many states surpass this average with California at $6.050, Nevada at $5.224, Washington at $5.148, and ...
Agriculture

Beating Back Inflation: Team Reagan vs. Team Biden

Last week, the U.S. Labor Department reported that the consumer price index (CPI), a broad measure of the prices for everyday items like groceries, rents, and gas rose 8.3 percent in April from a year ago, just below March’s surge of 8.5 percent. Could this be a sign that inflation ...
Blog

The May Revise: Two Big Questions Overshadow Newsom Spending Plan

On Friday, Gov. Gavin Newsom released the “May Revise” of his 2022-23 state budget plan, officially kicking off the race to pass a balanced budget before the June 15th constitutional deadline.  There were two major questions for Newsom as he released his revised budget plan. First, when are we going ...
Gas Prices

Wayne Winegarden Highlighted in Great Lakes Wire on Oil Production and Gas Prices in Michigan

Wayne Winegarden was highlighted in the Great Lakes Wire piece by David Beasley: ‘Allowing more oil production would help reduce gas prices quickly’ in Michigan. “The domestic actions that restrict oil production worsen the inflation problems and the budget squeezes that too many families are facing across the states,” Wayne ...
Business & Economics

NEW BRIEF: City and State Climate Change Lawsuits Drive Up Gas Prices, Discourage Clean Energy Innovation

SACRAMENTO – City and state climate change lawsuits discourage private sector innovation required to meet America’s clean energy goals – and expensive judgements in these cases can increase gas prices by 31-cents per gallon, finds a new issue brief released today by the nonpartisan Pacific Research Institute.   “Sustainably addressing ...
Blog

China Cuts Taxes, U.S. and California Want to Raise Them

Tax cuts are the “fertilizer applied to the roots of the economy.” That’s not Arthur Laffer talking, but China Premier Li Keqiang.  Last month, China’s Finance Ministry announced that it would cut income taxes for small companies from 25 percent to 20 percent to boost the communist country’s slowing economy. ...
Housing

Wayne Winegarden Discusses Inflation and the Housing Market with The Ledger

PRI Business and Economics Fellow, Wayne Winegarden, discusses inflation and its effect on the housing market with The Ledger’s reporter, Paul Nutcher in “Polk County housing prices increase 30% as mortgage rates increase.” “You would finally have recovered some kind of affordability from the housing bubble, where you had the ...
Blog

Don’t Spend Your Gas Tax Rebate Yet . . .

Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
Commentary

Let’s Not Be So Quick to Lower Medicare Eligibility Age

A new report from the Congressional Budget Office takes a close look at one of the most wasteful and unnecessary healthcare proposals on the Democratic agenda — reducing Medicare’s eligibility age to 60. Joe Biden endorsed the idea as a candidate for president. But it’s never made much sense. Medicare’s Part A hospital insurance ...
Business & Economics

Handcuffing Freelancers Is Bad For Economy And Small Business

Addressing the persistent problem of inflation requires pro-growth fiscal and regulatory policies in addition to concerted tightening by the Federal Reserve. Unfortunately, President Biden’s plan to address inflation, as outlined in his recent Wall Street Journal editorial, would implement the exact opposite. Instead of empowering entrepreneurs to accelerate growth and improve prosperity, ...
Business & Economics

Here’s why gas prices could skyrocket again

We’re all looking for relief from record-high gas prices these days. Gas prices are the highest in the United States history at a nationwide average of $4.59 as of May 19, according to AAA. Many states surpass this average with California at $6.050, Nevada at $5.224, Washington at $5.148, and ...
Agriculture

Beating Back Inflation: Team Reagan vs. Team Biden

Last week, the U.S. Labor Department reported that the consumer price index (CPI), a broad measure of the prices for everyday items like groceries, rents, and gas rose 8.3 percent in April from a year ago, just below March’s surge of 8.5 percent. Could this be a sign that inflation ...
Blog

The May Revise: Two Big Questions Overshadow Newsom Spending Plan

On Friday, Gov. Gavin Newsom released the “May Revise” of his 2022-23 state budget plan, officially kicking off the race to pass a balanced budget before the June 15th constitutional deadline.  There were two major questions for Newsom as he released his revised budget plan. First, when are we going ...
Gas Prices

Wayne Winegarden Highlighted in Great Lakes Wire on Oil Production and Gas Prices in Michigan

Wayne Winegarden was highlighted in the Great Lakes Wire piece by David Beasley: ‘Allowing more oil production would help reduce gas prices quickly’ in Michigan. “The domestic actions that restrict oil production worsen the inflation problems and the budget squeezes that too many families are facing across the states,” Wayne ...
Business & Economics

NEW BRIEF: City and State Climate Change Lawsuits Drive Up Gas Prices, Discourage Clean Energy Innovation

SACRAMENTO – City and state climate change lawsuits discourage private sector innovation required to meet America’s clean energy goals – and expensive judgements in these cases can increase gas prices by 31-cents per gallon, finds a new issue brief released today by the nonpartisan Pacific Research Institute.   “Sustainably addressing ...
Blog

China Cuts Taxes, U.S. and California Want to Raise Them

Tax cuts are the “fertilizer applied to the roots of the economy.” That’s not Arthur Laffer talking, but China Premier Li Keqiang.  Last month, China’s Finance Ministry announced that it would cut income taxes for small companies from 25 percent to 20 percent to boost the communist country’s slowing economy. ...
Housing

Wayne Winegarden Discusses Inflation and the Housing Market with The Ledger

PRI Business and Economics Fellow, Wayne Winegarden, discusses inflation and its effect on the housing market with The Ledger’s reporter, Paul Nutcher in “Polk County housing prices increase 30% as mortgage rates increase.” “You would finally have recovered some kind of affordability from the housing bubble, where you had the ...
Blog

Don’t Spend Your Gas Tax Rebate Yet . . .

Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
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