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 »
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 »
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 »
Washington, D.C. – U.S. Representative Kevin Hern, R-Tulsa, and Ways and Means Committee Ranking Member Rep. Kevin Brady, R-Texas recently introduced H. Res. 1269 in response to the Biden Administration’s global tax mandate.
The resolution instructs the Secretary of the Treasury to provide models and reports about the effect of global tax agreements on the economy; specifically,… Read more »
Representative Kevin Hern (OK-01) and Ways and Means Committee Ranking Member Rep. Kevin Brady (TX-08) recently introduced H. Res. 1269 in response to the Biden Administration’s global tax mandate.
The resolution instructs the Secretary of the Treasury to provide models and reports about the effect of global tax agreements on the economy; specifically, its effects on U.S. tax… Read more »
Representative Kevin Hern (OK-01) delivered a speech on the House floor this afternoon, urging his colleagues to vote against the Democrats’ CHIPS bill, a gateway to their revived Build Back Broke plan.
You can watch Rep. Hern’s speech here.
Remarks as prepared:
I'd like to thank my good friend Mr. Lucas for his… Read more »
Representative Kevin Hern (OK-01) released the following statement after this morning’s announcement that the U.S. GDP shrank in the 2nd quarter, meeting the technical definition of a recession.
“I’m really sad to have been proven right about this recession,” said Rep. Hern. “This isn’t something anyone wants, but you don’t need a fancy economics degree to have seen… Read more »
The U.S. economy has shrunk for a second straight quarter, at an annual rate of 0.9 percent, raising concerns that the country may be heading into a recession and compounding the Biden administration’s political challenges as it grapples with decades-high inflation.
The new figures, released Thursday by the Bureau of Economic Analysis, come at a tumultuous time for the economy, though… Read more »
President Joe Biden’s administration is taking heat for apparent attempts to mask the meaning of a second consecutive quarter of negative growth for the U.S. economy.
While economists’ rule of thumb for a recession has typically been two consecutive quarters of negative GDP growth, the White House has recently argued that a second quarter of negative GDP growth does not necessarily… Read more »
