Morning Wire Friday Afternoon Update | 10.21.22
Oct 21, 2022
Get the latest on economic shifts, including IRS tax bracket updates and Biden's infrastructure plans. Explore a new COVID study and its implications. Dive into the housing market with insights on declining sales, plus find out about fresh vaccine recommendations. Stay informed about the rising costs of winter heating, ensuring you're prepared for the months ahead.
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Increased Tax Brackets
- The IRS will increase tax brackets for Americans by about 7% due to rising inflation.
- This means Americans may keep more of their paychecks and pay less in taxes in 2023.
Biden's Pennsylvania Visit
- President Biden visited Pennsylvania to promote his infrastructure bill.
- He appeared with Democratic Senate candidate John Fetterman, who is in a tight race against Republican Mehmet Oz.
COVID Strain Research Investigation
- Boston University researchers are under NIH investigation after a study implied they created a new COVID strain.
- The study indicated an 80% lethality rate in rodent tests, but the university denies engaging in gain-of-function research.