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News  |  Frank Corder  • 
August 10, 2022

Do poor Mississippians stand to be audited by IRS more following “Inflation Reduction Act”?

Research shows Mississippi is the highest audited state in the nation.  Last weekend, U.S. Senate Democrats, at the urging of President Joe Biden, passed the “Inflation Reduction Act.”  Among the provisions in the bill is a funding increase for the Internal Revenue Service (IRS) that looks to add some 87,000 new agents in that federal…
News  |  Frank Corder  • 
August 10, 2022

Inflation remains at 40-year high even with slight decline in July

Down from 9.1% in June, inflation now at 8.5% with the largest 12-month increase in the food index since May 1979. The U.S. Bureau of Labor Statistics (BLS) is reporting that the Consumer Price Index (CPI) was down slightly in July from its June high of 9.1%.  Inflation now sits at 8.5% across the U.S.,…