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Americans are carrying a record amount of household debt

“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss how “Bidenomics” isn’t gaining traction with voters. Americans will accumulate more debt in early 2024, with more households falling behind on several types of loans, according to a New York Fed report released Tuesday. In the first three months of 2024, total household debt soared […]

TERENCE P. JEFFREY: Feds Collected Nearly $35,000 Per Household In Taxes In 2023

The federal government collected approximately $34,400 in taxes per American household in calendar year 2023, according to data published by the Treasury Department and the Census Bureau. From January through December 2023, according to the Monthly Treasury Statements, the federal government collected a total of $4,521,306,000,000 in taxes. The Census Bureau estimated there were approximately 131,434,000 households in […]