Biden’s Tax: President Joe Biden is proposing a 44.6% tax on capital gains?!?
That’s right… sell your house… screwed.
Sell stocks… screwed.
Add a new inheritance/death tax… look out family farms, family homes, and small businesses!
If you live in a high tax state like California, New York or DC… you’ll be paying well over 50% on your capital gains. This is crazy.
Elections have consequences.
The Dying Priest: A story worth sharing…
In Washington , D.C. an old priest lay dying in the hospital. For years he had faithfully served the people of the nation’s capital and was well known among the elected officials. He motioned for his nurse to come near.
“Yes, Father?” said the nurse.
“I would really like to see President Biden and Senator Schumer before I die,” whispered the priest.
“I’ll see what I can do, Father,” replied the nurse.
The nurse sent the request to the president and Congress and waited for a response. Soon the word arrived; President Biden and Chuck Schumer would be delighted to visit the priest.
As they went to the hospital, Biden commented to Schumer, “I don’t know why the old priest wants to see us, but it will certainly help our images and might even get me re-elected.” Schumer agreed that it was a good thing.
When they arrived at the priest’s room, the priest took Biden’s hand in his right hand and Schumer’s hand in his left hand. There was silence and a look of serenity on the old priest’s face.
Finally, President Biden spoke. “Father, of all the people you could have chosen, why did you choose us to be with you as you near the end?”
The old priest slowly replied, “I have always tried to pattern my life after our Lord and Savior Jesus Christ.”
“Amen,” said Biden.
“Amen,” said Schumer.
The old priest continued, “Jesus died between two lying thieves; I would like to do the same.”
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–Saul Anuzis
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Saul’s News Weekly Rewind Video
This Week: GDP numbers are down, Biden vows to stay on TikTok despite potential app store ban, and even Democrats are getting fed up with the border crisis!
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Biden’s capital gains tax proposal could crush the economy, experts say
‘These are the really dangerous Biden proposals,’ Americans for Tax Reform economist says
President Biden’s latest proposal to hike the top capital gains tax rate to its highest level in more than a century is facing heavy criticism from experts who warn such an action could significantly harm the U.S. economy.
According to a report issued by the Treasury Department, led by Secretary Janet Yellen, the president’s proposed fiscal year 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to a staggering 44.6%. A capital gains tax hike of that magnitude would take the rate to its highest level since it was first introduced in the early 1920s.
“Investment is the real driver of economic growth,” E.J. Antoni, an economist and research fellow at The Heritage Foundation, told Fox News Digital. “Investment is what gives you productivity gains. Investment is where you get factories and machines — it’s where businesses are able to provide their workers with tools and equipment that allow them to increase their productivity, to increase wages, etc.”
“If you’re going to tax something, you get less of it,” he continued. “And that’s just as true for investment as it is for anything else. Taxing capital gains means less investment, it means less economic growth, and it means the rise in people’s standards of living is going to slow dramatically.”
Biden Signals Tax Hike If Re-Elected As Americans Struggle From His Inflation Crisis
President Joe Biden signaled on Wednesday that if he wins re-election this fall that Americans should expect to see an increase in their taxes, which comes as many are struggling from the high inflation rates that have defined Biden’s presidency.
“Donald Trump was very proud of his $2 trillion tax cut that overwhelmingly benefited the wealthy and biggest corporations and exploded the federal debt,” Biden claimed in a post on X. “That tax cut is going to expire. If I’m re-elected, it’s going to stay expired.”
A report from the Tax Foundation last month explained that Congress has less than two years to prevent “the vast majority” of Americans from getting hit with tax hikes.
The law that Biden wants to let expire is the Tax Cuts and Jobs Act (TCJA) of 2017, a law that simplified taxes and reduced taxes “across the income spectrum,” the report said.
“The TCJA reduced average tax rates for taxpayers at all income levels because it lowered marginal tax rates, widened tax brackets, doubled the child tax credit and zeroed out personal and dependent exemptions, nearly doubled the standard deduction, and limited several itemized deductions and the alternative minimum tax, among other changes,” the report added. “Average rates declined across all income groups and have remained below their 2017 levels since.”
‘Death to America’ rapidly emerging as key slogan of anti-Israel agitators in US
‘Death to America’ pamphlets were handed out at the University of Michigan
The slogan “Death to America” is seemingly gaining steam among anti-Israel agitators, who have swept across the nation.
The anti-Israel demonstrations that have spread across the country have taken on an anti-American tenor in recent weeks, with students at the University of Michigan who were participating in the protests being given pamphlets titled “10 anarchist theses on Palestine solidarity in the United States,” which included a page that stated, “Freedom for Palestine means Death to America.”
The pamphlets come as anti-Israel protests have continued to gain steam, leading to multiple days-long “encampments” at some of the most elite colleges and universities in the United States.
But such rhetoric has not been limited to college campuses, with similar slogans being chanted in nearby Dearborn, Michigan, during a recent rally on the last Friday of Ramadan.
“Imam Khomeini, who declared the International Al-Quds Day, this is why he would say to pour all of your chants and all of your shouts upon the head of America,” Tarek Bazzi, a Michigan-based activist associated with the Hadi institute, said in a video before leading rallygoers in chants of “Death to America” and “Death to Israel.”
The protests have spread at a rapid pace since a Hamas terrorist attack on Israel in October, becoming part of a growing movement that one expert believes can be traced in part to wavering support for Israel among top Democrats.
More than half of Americans support mass deportations of illegal migrants
More than half of Americans — including a hefty 42% of Democrats — back mass deportations of illegal immigrants as President Biden’s border crisis rages on, a new poll shows.
Fifty-one percent of those polled said they would support booting the undocumented immigrants, according to the Axios Vibes survey by the Harris Poll released Thursday.
In addition, a large number — 30% of Democrats and 46% of Republicans — signaled support for ending birthright citizenship, which is guaranteed under the Constitution’s 14th Amendment.
Asked what their greatest fear was surrounding illegal immigrants, 21% of those surveyed cited surging crime rates, drugs and violence as their main concern.
George Soros is paying student radicals who are fueling nationwide explosion of Israel-hating protests
George Soros and his hard-left acolytes are paying agitators who are fueling the explosion of radical anti-Israel protests at colleges across the country.
The protests, which began when students took over Columbia University’s Morningside campus lawn last week, have mushroomed nationwide.
Copycat tent cities have been set up at colleges including Harvard, Yale, Berkeley in California, the Ohio State University and Emory in Georgia — all of them organized by branches of the Soros-funded Students for Justice in Palestine (SJP) — and at some, students have clashed with police.
The SJP parent organization has been funded by a network of non-profits ultimately funded by, among others, Soros, the billionaire left-wing investor.
At three colleges the protests are being encouraged by paid radicals who are “fellows” of a Soros-funded group called the US Campaign for Palestinian Rights (USCPR).
Biden’s Attack on Women’s Sports
In a sweeping new Title IX rule, the Biden administration has usurped Congress to undermine free speech, dissolve due process, and redefine sex to include “gender identity.” The rule, effective August 1, will force all educational entities in receipt of federal funds to allow males access to female spaces, sports, and scholarships whenever they claim transgender status.
In 1972, Title IX, an education amendment to the Civil Rights Act, made it unlawful to discriminate “on the basis of sex.” Of course, there have always been contexts in which it is necessary to acknowledge sex differences to ensure the safety, privacy, and equal opportunity of females — a fact that the law’s drafters explicitly acknowledged. Fifty years ago, lawmakers understood sex to be anatomical and weren’t in the grip of dubious “gender identity” theory.
This biology-based understanding of sex still prevails today. Take sports, for instance. Most Americans believe that sports should be segregated by sex, without regard to transgender status. Presumably aware of public opinion, the Biden administration frames its Title IX rewrite as separate from the athletics question, saying it will deal with that issue later. But this claim is false. If discrimination “on the basis of sex” includes gender identity, why shouldn’t that apply to sports?
Why the US Debt Is Unsustainable and Is Destroying the Middle Class
‘In a recent tweet, a talented financial analyst and investor stated: “The “debt is unsustainable” narrative has been around for 40 years plus. What’s astonishing to me is how the people who push this narrative never ask themselves, “Why has it been sustainable for so long?”.
There is a widespread idea that the fiscal imbalances of a world reserve currency issuer would end in an Argentina-style bankruptcy. However, the manifestation of unsustainability did not even appear as drastic in Argentina itself. Hey, Argentina continues to exist, doesn’t it?
Excessive public debt is unsustainable when it becomes a burden on productive growth and leads the economy to constantly rising taxes, weaker productivity growth, and weaker real wage growth. However, the level of unsustainable accumulation of debt may continue to rise because the state itself imposes public debt on banks’ balance sheets and the state forces the financial sector to take all its debt as the “lowest risk asset.” However, law and regulation have merely imposed and forced this construct. Rising debt bloats the government’s size in the economy and erodes its growth and productivity potential.
Many diabetic and obese people continue to eat too much unhealthy food, thinking nothing has happened so far. That does not mean their eating habits are sustainable.
Those who ignore the accumulation of public debt tend to do so under the idea that nothing has happened yet. This is a reckless way of looking at the economy, a sort of “we have not killed ourselves yet; let us accelerate” mentality.
Biden’s Energy Policies Harm U.S. Producers While Helping America’s Rivals
On President Joe Biden’s first day in office he repealed President Trump’s Executive Order 13783, “Promoting Energy Independence and Economic Growth.” It is difficult to understand how the new President could have found offense in a directive that begins “It is in the national interest to promote clean and safe development of our Nation’s vast energy resources, . . ,” but the action proved to be a harbinger of things to come. The Biden Administration has spent the last three years actively discouraging American fossil fuel production. These policies are supposedly aimed at battling climate change, but the primary beneficiaries are America’s global rivals.
In his first week President Biden ordered a “pause” on the approval of oil and gas leasing and drilling permits in America’s public lands and waters. This clear violation of law was overturned by a federal judge a few months later, but the delay had the desired effect of slowing new projects and discouraging would-be investors. The President issued executive orders directing the government to end all “subsidies” for fossil fuels, ramp up criminal prosecutions in the name of “environmental justice,” and rejoined the Paris Climate Agreement- all in his first 30 days.
How much does the ‘American dream’ cost in your state?
For years, the American dream seemed attainable. A home with a yard surrounded by a picket fence; a dog named Fido or Spot running around with your two kids as you come home from a nice job where you get paid enough to afford the aforementioned space.
But, following multiple years of stubborn inflation, coupled with a housing market that refuses to cool and a trend of mounting debt, achieving the American dream has become, to some, just a dream. Even more recently, an analysis found that most American households would need to spend $10,000 or more just to afford the same goods and quality of life they had in 2021.
A new report, released earlier this month, found that in every state, you need to earn at least six figures to achieve the American dream.
How to Apply for a Social Security Card Replacement
Applying for a Social Security replacement card, especially online, can be fairly straightforward. You just need the right documentation on hand.
It can be frustrating searching for your Social Security card, coming up empty and realizing you need to get a new one. However, getting a card replacement can be fairly straightforward. But you need to have the right documentation for the agency to issue you a new one.
Here are four things you need to know about getting a Social Security card replacement.
