IRS Announces Big Changes to Tax Bracket & Plans to Up Standard Deductions | EWTN News Nightly

About this sermon

While President Joe Biden called recent inflation reports "political spin," small business owners are gearing up for what could be a lean holiday shopping season. All of this as the IRS announces some big changes to the tax bracket, and a plan to up the standard deduction for 2023. Research Fellow for Economic Policy Studies at the Heritage Foundation, Joel Griffith, joins to tell us more about the IRS' big announcement and what it will mean for Americans. On Wednesday, President Biden announced plans to dip into the strategic petroleum reserve. Griffith shares what he thinks about this move. The latest numbers from the consumer price index are also in and Griffith analyzes them. He discusses his predictions for the holiday shopping season. Griffith fills us in on any other economic developments we should know about. EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf