Senate Democrats Advance Schumer-Manchin-Biden Tax and Spending Bill

Plus: Sen. Kyrsten Sinema's Stock Buyback Tax Shows 'Government Knows Best' Attitude Toward Investing

August 7 2022   Good morning from Washington, where Senate Democrats voted in lockstep last evening to advance a spending bill that would increase taxes on Americans already reeling from inflation. Fred Lucas reports for this special edition of Morning Bell. One proposed tax would get in the way of sound investing, Preston Brashers warns. Plus: China tries to rattle Taiwan with military exercises; House Democrats again fail to show that Trump committed crimes; most Americans say we're in a recession, a poll finds; and veteran talker Dennis Prager looks back. Enjoy the rest of your weekend.     NEWS Senate Democrats Advance Schumer-Manchin-Biden Tax and Spending Bill By Fred Lucas The Democrat-controlled Senate votes to proceed toward passing a $570 billion tax hike as part of a spending bill packed with costly climate and green energy provisions. More COMMENTARY Sen. Kyrsten Sinema's Stock Buyback Tax Shows 'Government Knows Best' Attitude Toward Investing By Preston Brashers Sen. Kyrsten Sinema, D-Ariz., champions a stock-buyback excise tax that actually would discourage sound investment. More NEWS Taiwan Accuses China of Simulating an Invasion By Micaela Burrow The Chinese military conducted a simulated invasion of Taiwan yesterday, the Taiwanese Defense Ministry said as China ramped up its largest-ever military exercises in the Taiwan Strait. More COMMENTARY House's Jan. 6 Committee Fails to Make Case Against Trump By Allan Ryskind Prestigious legal experts, even those who may loathe Donald Trump's conduct, think what he did on Jan. 6, 2021, was not illegal. More NEWS 'Can't Hide the Facts': Majority of Americans Say We're in Recession By Carl DeMarco Fully 61% of Americans say they believe that the nation is in a recession, according to a new poll reflecting their feelings about record inflation and the overall increase in the cost of living. More COMMENTARY Reflections on 40 Years as a Talk Show Host By Dennis Prager Being a talk show host has given me a unique laboratory to study the human condition. 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.