Economy

REPORT: Biden’s Spending Plan Could DOUBLE Child Care Costs for Middle Class Families

posted by Hannity Staff - 12.14.21

A new report published by a professor at the University of Chicago is shedding more light on Joe Biden’s economic impact on middle-class Americans; saying his proposal could double child care costs for working families.

“It shows that child care costs could increase by up to 102% – and as much as 122% – for some Americans under Biden’s signature economic agenda, which would cap child care costs at no more than 7% of parents’ income for those earning their state’s median income. Parents are required to be working, searching for a job, in school or dealing with a health issue in order to qualify,” reports Fox News.

“For a family with an infant and a 4-year-old, that could mean an additional annual expense of up to $27,000 unless they qualify for the subsidies in the Democrats’ spending bill. About half of families using non-parental child care would fall into that category, according to the analysis,” adds Fox.

“It is challenging to forecast how families would cope with such harmful and disruptive changes in childcare costs,” the professor wrote. “Many families may respond by withdrawing a parent or relative from the workforce to provide the care.”

Read the full report at Fox News.

CARTER 2.0: Southeast Gas Stations Ration Fuel, Cars Line-Up, Drivers Wait for Hours

posted by Hannity Staff - 5.12.21

Americans in the southeastern section of the country had flashbacks of the 1979 Oil Crisis this week when gas stations began rationing fuel in the aftermath of a major cyberattack against a pivotal pipeline.

“The closure of the 5,500-mile Colonial Pipeline, which carries more than 100 million gallons of fuel from Texas to New Jersey each day, has stretched into its fifth day,” reports the New York Post.

“It sparked wild scenes of panic buying across Georgia, Florida, Virginia and South Carolina — with North Carolina Gov. Roy Cooper and Georgia Gov. Brian Kemp even declaring states of emergency in their areas. Kemp also issued an executive order suspending Georgia’s gas tax through Saturday to help offset the costs of higher fuel prices,” adds the newspaper.

“I DON’T HAVE ANY GAS AND THE STATE OF NORTH CAROLINA DOESN’T HAVE GAS!! WHAT IN THE 2021 IS GOING ON !!” one panicked driver tweeted.

“I’ve seen all these cars waiting and I was like, ‘OMG. I have to fill my tank up!’” said another.

Read the full report at the New York Post.

CARTER 2.0? Gas Runs Dry After Pipeline Cyberattack, Long Lines in NC, SC, FL, VA

posted by Hannity Staff - 5.11.21

A cyberattack against a major energy pipeline along the East Coast caused fuel shortages in states like Florida, Virginia, and South Carolina Tuesday as security experts scrambled to get the key piece of infrastructure back online.

“Drivers along parts of the East Coast are feeling the immediate effects of the shutdown of the Colonial Pipeline following a ransomware attack, reports CBS News’ Laura Podesta. Some waited an hour or more on lines at gas stations before filling up or learning the pumps had run dry,” reports CBS News.

https://twitter.com/toddstarnes/status/1391931129440112640

 

“It was unbelievable. When I was driving today, I thought it was a catastrophe coming! I’ve seen all these cars waiting and I was like, ‘OMG. I have to fill my tank up!’” said one local in South Carolina.

Gas prices jumped six cents within 24 hours, raising the national average to nearly $3 per gallon.

“If this outrage goes past the end of the week … prices could spike pretty dramatically,” said Kevin Book of Clearview Energy Partners.

Read the full report here.

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