Tag: inflation

 Chapwood Investments announces its take on the consumer price index. Below is a description of the results of Ed Butowsky’s Chapwood Index and his opinions regarding inflation. “I am announcing the real cost of living increase each American faces on a daily basis. The index proves that the numbers released each month from the BLS are not accurate and don’t reflect the true cost of living increase felt. The Chapwood Index proves the inflation rate is 2x that described by the US government,” states Ed Butowsky. Estimates “The consumer price index (CPI), which Washington uses to calculate COLAs, underestimates the ... Read more

Congress just passed a $1.2 trillion spending package, aimed at mending the US roads and transport infrastructure.Democrats claim the bill pays for itself through a variety of sources without raising taxes. But the Congressional Budget Office reported that the bill would add $256 billion to the deficit over the next 10 years. If taxes are not raised, where is the money coming from? The CBO stated that the bill would raise about $50 billion by changing the tax reporting requirements for cryptocurrencies, among other measures. That would be half a billion per year out of a global market cap of ... Read more

The Government is taking effective measures to curb inflation especially food inflation keeping in view of the condition of the people suffering from coronavirus pandemic situation in the country. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today. Enumerating more steps taken by the Government to alleviate the problems of the common man, the Minister stated that the buffer stock of pulses have been used to tackle price volatility of these commodities. Pulses from the buffer were used very effectively during the COVID-19 pandemic for supplying ... Read more

Download Full Size Image”> Park City – UT– www.e-janco.com –Janco has analyzed the potential impact of the proposed tax plans and estimates that 50,000 to 75,000 IT jobs will be lost if the taxes proposed are passed. The CEO of Janco Associates, Inc., Mr. M. Victor Janulaitis said, “The proposed increased corporate tax rates, reinstatement of the minimum tax, elimination of expensing investments, elimination of reduced capital gains tax, and higher individual tax rates will slow if not stop investments in IT. This in turn will slow the expansion of the IT job market. This will start as soon as ... Read more