Democrat Casey says the greed of “big conglomerates” is to blame for high prices for household essentials. Republican McCormick claims the economy is “weak.”
Published: Oct. 18, 2024, 5:28 a.m.is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania.But you wouldn’t know it from listening to the major party candidates in the race for Pennsylvania’s U.S. Senate seat, who have channeled voters’ persistent malaise over widespread price increases.
“This perfect storm of everything that could make prices rise happened at the same time,” said Ahmed Rahman, an associate professor of economics at Lehigh University. “That’s why there’s so much disagreement over the underlying causes.”: The U.S. avoided a recession, unemployment fell, and the economy recovered from the pandemic faster than in many other countries.
If Congress does nothing, roughly two-thirds of taxpayers would see a tax increase, said Erica York, a senior economist and research director at the Tax Foundation, a think tank that generally argues for lower taxes.
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