CNN noted in a Saturday report that behind these positive economic indicators, “a frustrating reality persists: Life is far too expensive for far too many.”
The country is grappling with a long-standing cost of living dilemma, spanning from historically unaffordable housing markets and budget-straining daycare expenses to elevated car prices, much of that driven by sky-high interest and mortgage rates.
In short, “Bidnenomics” — the nickname the White House has given to Biden’s economic policies — isn’t working for most Americans.
 
“For too many, the American Dream feels like an illusion,” the outlet noted further.

For months now, respondents in poll after poll have said they believe that Trump, by far, would be a better steward of the U.S. economy, which soared during his first term before the pandemic. And now, a recent Financial Times/University of Michigan Ross School of Business has also found that Trump, by double digits, is preferred by voters when it comes to economic matters.

Source: conservativebrief.com



IRS To Retrieve Potentially Hundreds Of Millions Of Dollars From Americans Who Failed To File Tax Returns

The Internal Revenue Service (IRS) announced a new effort aimed at boosting tax revenue from taxpayers who haven’t filed returns for several years, with the initiative expected to net at least hundreds of millions of dollars.
The new initiative, announced on Feb. 29, focuses on 125,000 cases of taxpayers with annual incomes over $400,000 who didn’t file tax returns between 2017 and 2021.
The IRS said it was tipped off by various types of third-party information indicating that these taxpayers received taxable income but failed to file a tax return.
Information on these taxpayers indicates total financial activity of over $100 billion.
“Even with a conservative estimate, the IRS believes hundreds of millions of dollars of unpaid taxes are involved in these cases,” the agency said in a statement.
The IRS will soon start sending letters (known as CP59 notices) to the affected taxpayers at a rate of between 20,000–40,000 per week.

Source: zerohedge.com

 $33 trillion from $32 trillion. This is making “debt debasement” trades attractive like bitcoin and gold says BoA. This doesn’t end well.