Trending claims

Approximately 70 percent of the U.S. federal budget consists of mandatory spending.

U.S. federal deficits nearly tripled in the early 1980s.

Kevin Warsh is the new chairman of the Federal Reserve.

According to a National Bureau of Economic Research paper, while aggregate real wages have recovered, the purchasing power lost during the high-inflation period was not regained.

The Federal Reserve recently raised interest rates by 0.25 percent, to a range of 3.75 percent to 4 percent.

According to a National Bureau of Economic Research paper, 43% of workers who did not change jobs and 37% of all workers studied experienced real wage reductions.

Congress passed the Tax Equity and Fiscal Responsibility Act in 1982, Social Security reform in 1983, and tax reform in 1986.

A National Bureau of Economic Research paper analyzed payroll records for approximately 16 million American workers between 2021 and 2024.

The Federal Reserve has a 2 percent annual inflation target.

The Consumer Price Index rose 0.4% in the past month and 3.4% over the last 12 months as of September 2026.

Inflation peaked at 9 percent in 2022.

Bryan Riley of the National Taxpayers Union stated that Congress should reclaim its constitutional authority over tariffs rather than delegating more of it.

President Trump has since imposed tariffs citing other laws.

Chief Justice John Roberts wrote for the majority in the Supreme Court case that overruled President Trump's tariffs.

In February, the Supreme Court overruled President Trump's IEEPA-based tariffs, ruling the act did not grant that authority.

Cato Institute research fellow Clark Packard wrote that the sanctions bill does not specify the data source for identifying the 'top five' purchasers of Russian energy.

Peter Harrell of Georgetown University's Institute of International Economic Law stated his deep opposition to the tariff provisions of the new Russia sanctions bill.

George Mason University law professor Ilya Somin told Reason that the new sanctions proposal is a 'bad law' and that better ways exist to help Ukraine.

President Trump cited the International Emergency Economic Powers Act (IEEPA) to justify tariffs, a statute which does not contain the word 'tariff'.

A provision in the Lindsey O. Graham Sanctioning Russia and Iran Act directs the president to impose tariffs up to 100% on the top 5 importers of Russian oil/gas or the top 5 countries facilitating Russian oil sanctions evasion.