Triggered
What to know: Inflation has not been transitory. In fact, the loss in purchasing power has been such a nightmare that almost two-thirds of Americans are “‘triggered’ by trips to the grocery store,” according to a new Axios-Harris poll.
The TPPF take: Inflation is taxation without legislation.
“Washington, D.C.’s mismanagement of the money supply has destroyed people’s savings and finances. So much so that most Americans today dread the thought of getting gas and groceries,” says TPPF’s James Quintero. “We desperately need a return to sound money, strict discipline, and fiscal responsibility.”
For more on inflation and triggered Americans, click here.
Not Worth It
What to know: More and more young Americans are discovering their college degrees aren’t worth the debt they went into to earn them.
The TPPF take: Too many students fail to get enough value out of their college education.
“During the past few decades, costs have exploded while the benefits have not,” says TPPF’s Andrew Gillen. “Rising costs and stagnant benefits have naturally led more students, parents, and policymakers to ask whether college was worth it. For too many, the answer is no. But there is hope. Policy reforms could increase the value of higher education by reducing costs and holding colleges accountable.”
For more on college costs, click here.
No Thanks to EVs
What to know: A letter from a coalition of conservative organizations to Speaker of the House Mike Johnson cites TPPF research in its indictment of the Biden administration’s policies to coerce Americans to buy more electric vehicles.
The TPPF take: The federal government is already propping up the EV industry with subsidies that serve to hide the real costs (as well as lack of demand). TPPF’s new study shows how much is being picked up by taxpayers, electricity ratepayers, and buyers of gasoline vehicles.
“Proponents of EVs have falsely pushed the claim that EVs will soon cost less than gas-powered cars; our study shows that EVs are still a long way from being competitive without massive subsidies,” says TPPF’s Brent Bennett. “The Biden administration’s stringent fuel economy standards and regulatory manipulations are driving American automakers toward bankruptcy and adding thousands of dollars to the cost of every gasoline vehicle.”
For more on EV’s, click here.