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The article discusses the flaws in the Census Bureau's official measure of poverty and the push for the experimental Supplemental Poverty Measure. The official measure fails to count most government subsidies as income, resulting in an inflated poverty rate. The Supplemental Poverty Measure counts more government benefits as income but defines poverty in relative terms, ensuring that the poverty threshold rises as median income rises. The article argues for the need for an accurate measure of poverty and criticizes the political bias and potential fraud in the current system. [Extracted from the article]

The article discusses how the Biden administration is using international agreements and coordination with European countries to implement its agenda, bypassing Congress and the courts. Examples include the administration's support for the Organization for Economic Cooperation and Development's global minimum tax, collaboration between the Federal Trade Commission and the U.K. antitrust watchdog, and the Securities and Exchange Commission's proposed climate-change standard. The authors argue that these actions are threatening American exceptionalism and economic prosperity, as they impose European-style regulations on the U.S. economy. They suggest that these policies do not align with the desires and needs of American families. [Extracted from the article]

Byline: Fredreka Schouten WASHINGTON -- Republican John McCain had the strongest fundraising month of his presidential campaign in June, collecting $22 million and starting July with nearly $27 million in [...]

NEW YORK -- Phil Gramm, the conservative Texas senator who helped rewrite the rules of US financial services, is to join UBS Warburg as a vice chairman after his term [...]

To the Editor: Gene Sperling says tax cuts will doom Social Security because 'every Social Security surplus dollar is already committed to paying benefits for existing or soon-to-be retirees' (Op-Ed, […]

PHIL GRAMM The headline on an editorial last Tuesday was, 'One man holds up bank reform.' I want to know who he is. Congress is about to knock down the [...]

QUOTE: 'The genius of the American system is that we have created extraordinary results from plain old ordinary people.' --Gramm, Phil SUBJECT: [...]

TAXES carry economic costs wholly apart from their expense to taxpayers. A tax on theater tickets would hurt attendance, for instance, and an income-tax rise would dampen citizens' incentive to […]

Two Federal judges recently announced that they would refuse to take drug cases because they oppose mandatory minimum sentences. One judge, Jack Weinstein of Brooklyn, confessed to a 'sense of […]

U.S. Senator, R-Texas Sen. Gramm, ranking member of the Committee on Banking, Housing and Urban Affairs, spoke at a hearing on housing and community development needs in America recently. Excerpts [...]