While Democrats and the White House are celebrating their passage of the Inflation Reduction Act, one opposed by every one of Oklahoma’s U.S. Representatives and Senators, the impact on the state’s oil and gas industry and across the U.S. is coming.
All it takes is for President Biden to sign it into law.
As the American Petroleum Institute pointed out after the Friday vote of… Read more »
Several House Republicans condemned Democrats' apparent plans to increase taxes in 2023 if they were to keep majority control in Congress.
Rep. Richard Neal, D-Mass., the chairman of the powerful House Ways and Means Committee, said Democrats would seek to boost both corporate and individual tax rates if they kept control of the House following the upcoming midterm elections in… Read more »
TULSA, Okla. —
Friday night, a bill dubbed the Inflation Reduction Act, passed the House of Representatives and is now on its way to the president's desk.
The more than $730 billion package expands the IRS, addresses climate change, and aims to lower the price of some prescription drugs.
With inflation at the top of mind for many Oklahomans, prices going up everything… Read more »
Following President Joe Biden’s claim America experienced “zero inflation” this past month, Republican officials in the House and Senate derided the “out of touch” remarks, accusing the Biden administration of “living in a fairytale while Americans are living in a nightmare.”
On Wednesday, President Biden boasted that the U.S. economy experienced no inflation in the month of July,… Read more »
President Biden tried to claim Wednesday that the US had “zero inflation” in July hours after federal Consumer Price Index data showed annual inflation dipping only slightly to 8.5%, which outraged Republicans and other critics who pointed out it’s still near a four-decade high.
The latest figures reflected a demand-driven decline in fuel prices — including gasoline, which hit a record… Read more »
Following an FBI raid Monday on former President Donald Trump’s private residence at Mar-a-Lago in Palm Beach, Florida, Republican members of Congress are vowing to launch an investigation into what they view as a blatantly partisan political Justice Department if they retake control of the House of Representatives in November.
“Since they took office, the Biden… Read more »
Representative Kevin Hern (OK-01) joined us on Thursday for our monthly podcast to talk about his recently introduced bill, HR 8566, the Withholding Illegal Revenue Entering Drug Markets (WIRED) Act, to the House of Representatives.
Based on a similar policy enacted by the state of Oklahoma, Hern said HR 8566 imposes a 5% fee on remittances out of the United States, with the… Read more »
TULSA, Okla. — Car dealers say new car prices are at sticker value or higher and it’s difficult to get certain cars in on their lots.
And used car dealers are paying three to four times at auctions to buy cars, which trickles down to the consumer and limits their inventory.
Congressman Kevin Hern talked with local manufacturers who are feeling the impact of the shortage of all… Read more »
TULSA, Okla. — Local businesses got the chance today to talk about how supply chain issues and staffing shortages are impacting them.
U.S. Rep. Kevin Hern (OK-District 1) met with local manufacturers to discuss supply chain issues and what can be done about them.
“There's nothing more important to our community, a thriving community in our state than having jobs and certainly… Read more »
BROKEN ARROW — Patrick Whalen, who works for TAT Limco, doesn’t mince words when it comes to the impact the pandemic had on the local aerospace company.
“Covid killed us,” said Whalen, Limco’s director of human resources and organizational development.
The company’s employee roster slipped from about 200 pre-COVID to below 100 during the pandemic, he said. Now, firm has returned to… Read more »
