Serving Clovis, Portales and the Surrounding Communities
Serving Clovis, Portales and the Surrounding Communities
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Farmers know a thing or two about stewardship. If they don’t take care of their land, eventually it will cost them their livelihoods. Unlike farmers, who work to steadily build a better future, Vikings would plunder villages, taking all they could carry away before moving on to their next target. President Joe Biden’s budgets take the latter approach, going after more and more of the American people’s hard-earned treasure every year. Last year, his budget sought an additional $2.5 trillion in taxes beyond the $55.8 trill...
During the late 1970s, American families experienced stagflation — a combination of economic stagnation and significantly higher inflation. By the summer of 1980, unemployment hit 7.8 percent and the economy was actually shrinking. On the year, inflation spiked 12.3 percent. Some fear that today’s slowing economic growth (2.3 percent annualized last quarter) and the steepest price hikes in 40 years portend a return to stagflation. Real weekly earnings have plummeted more than 6 percent since the middle of last year, and the...
It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes. But we’re still sending a hefty sum of money to Washington. Tally up all the payroll and other taxes on earnings and income, and you’ll find that the average American household forks over more than $26,000 to the feds each year. Last year, Washington collected more than $3.3 trillion in taxes. So where exactly does all that money go? Some believe most of it goes to foreign aid and defense. Other...
