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Article Title: Why there's no tax break for Social Security benefits in the new tax bill
Snippet of Article: "..."Seniors should not pay taxes on Social Security and they won't," Mr. Trump said while during an August campaign rally in Harrisburg, Pennsylvania.
A provision to eliminate taxes on Social Security isn't included in President Trump's domestic policy bill that passed early Thursday following a dramatic all-night session. ..."
Article Title: Retirees' Social Security checks have lost significant buying power
Snippet of Article: "Inflation has taken a toll on seniors' ability to make ends meet, as annual cost-of-living adjustments fail to keep up. ...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.
That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.
The spoiler: inflation. ..."
Article Title: Does CPI understate true inflation?
Snippet of Article: "...There are a couple of significant problems with this metric.
In the first place, the CPI doesn't measure "inflation." Inflation properly defined is an increase in the money supply. Rising consumer prices is one symptom of inflation, but it is not in and-of-itself inflation.
Setting aside the issues with using the CPI as the definition of inflation, the metric itself is deeply flawed and understates the extent of price increases in the economy. ..."
Article Title: US futures slide as doubts about the economy grow
Snippet of Article: "US stocks sank into the red early Tuesday ...Recent weak data has prompted Wall Street strategists to scale back their optimism for economic growth...Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently ..."
Article Title: What To Expect From March’s CPI Inflation Report
Snippet of Article: "...The CPI report for March 2024 will be released by the Bureau of Labor Statistics on April 10 at 8:30 a.m. ET. As of February’s CPI report, annual inflation is 3.2%, or 3.8% excluding food and energy. That data compares with the FOMC’s annual inflation target of 2%.
Nowcasts currently suggest March inflation data will come in at 0.34% for CPI and closer to 0.25% for PCE. Stripping out food and energy prices, the corresponding nowcasts are currently 0.31% and 0.23%, respectively.
These inflation nowcasts are modeled by the Federal Reserve Bank..."
Article Title: Biden slammed for bragging he is bringing prices down - even though they are UP since he entered office
Snippet of Article: "FACT: Since Biden took office, airfare is up 21%, Thanksgiving dinner was up 25%, and gas prices are $0.86/gallon higher ...Inflation may have slowed and some prices may have dropped since last year, but most prices are still higher than they were before the pandemic. ...inflation raced out of control because of Biden's stimulus spending."
Article Title: Biden speaks with UAW head after tentative deals struck with Big Three
Snippet of Article: "The agreement, which must still be approved by union members, would include a 25 percent general pay increase over the course of a four-year contract, increased retirement benefits and more paid leave.
“I applaud the UAW and the leaders of the automobile companies for agreeing that all the workers on strike and all of those who were walking the picket lines on behalf of their UAW brothers and sisters can go back to work immediately, even before the vote is taken,” Biden said. ..."
Article Title: FBI Admits: We had 275 Plainclothes Agents in Jan. 6 Crowds Snippet of Article: "...FBI tells Congress it had 275...
