4 Key Questions After FBI Raids Trump's Home

Plus: Which Americans Are Most Likely to be Audited by IRS Under 'Inflation Reduction Act'?

August 11 2022   Good morning from Washington, where Democrats' latest tax and spending bill aims to cost you more in new ways. Richard Stern spells out seven. One of House Republicans' top tax experts pinpoints income brackets targeted for IRS audits, Gillian Richards reports. On the podcast, Rep. Ralph Norman outlines how the housing market is key to the health of the economy. Plus: Peter St. Onge ponders inflation's continuing toll; Ben Shapiro denounces the FBI's raid of Trump's home; and "Problematic Women" considers what wokeness is doing at the homes of Jefferson and Madison. Fifty years ago today, the  last U.S. ground combat unit departs South Vietnam for the U.S., leaving 43,500 advisers, airmen, and support troops.      COMMENTARY 7 Ways Democrats' 'Inflation Reduction Act' Would Wallop Your Wallet By Richard Stern The average middle-income household would see a tax burden of more than $2,400 as a result of this bill. More NEWS Which Americans Are Most Likely to Be Audited by IRS Under 'Inflation Reduction Act'? By Gillian Richards Over 710,000 new IRS audits would fall on Americans who earn $75,000 a year or less. More COMMENTARY Ignore Biden Talk About Zero Inflation. Here's the Reality. By Peter St. Onge Without two crucial factors—the impending recession and the cynical use of our Strategic Petroleum Reserve to game crude oil prices—inflation actually would be accelerating. More ANALYSIS 'So Goes Housing, So Goes the Economy,' Rep. Ralph Norman Says By Virginia Allen Rep. Ralph Norman, R-S.C., discusses the future of America's real estate market and larger economy. He also explains how the U.S. can strategically end its dependence on China. More COMMENTARY The Day the FBI Raided Trump By Ben Shapiro In 2015, former Clinton national security adviser Sandy Berger was subject to only a misdemeanor charge for stuffing classified documents down his pants. More COMMENTARY 'Hard to Imagine': Tulsi Gabbard Calls Mar-a-Lago Raid 'Blatant Abuse of Power' By Harold Hutchison "This raid is just the latest serious escalation of this disturbing trend that we have seen of blatant abuse of power … to target their political opponents," says the former House Democrat. More ANALYSIS What Happens When the Woke Rewrite History By Lauren Evans, Kelsey Bolar Today, visitors to Monticello and Montpelier will discover that a new narrative has seeped into the grounds of these historic sites in Virginia. More COMMENTARY ICYMI: America Has a Two-Tiered Justice System and the FBI Just Proved It By Margot Cleveland The Justice Department's handling of Hillary Clinton with kid gloves serves as but one of the many examples of dual standards of justice seen when powerful Democrats or their backers face the FBI. More           Donate to The Daily Signal Find us on Facebook Follow us on Twitter How are we doing? We welcome your comments, suggestions, and story tips. Please reply to this email or send us a note at letters@dailysignal.com. The Daily Signal 214 Massachusetts Avenue, NE Washington, DC 20002 (800) 546-2843     Add morningbell@heritage.org to your address book to ensure that you receive emails from us. You are subscribed to this newsletter as johnmhames1.diogenes--light@blogger.com. If you want to receive other Heritage Foundation newsletters, or opt out of this newsletter, please click here to update your subscription.