So, a report stated that the labor were corrected yesterday, removing 818,000 jobs. You’ll never guess who the Biden Administration is blaming for that report.
Let’s take a look at some of the speakers at the DNC. Guess what, I don’t think their message is taking hold. Let’s talk about it.
And it has been 33 days since Kamala Harris has become the nominee and she still has not been asked a question. Good news, Republicans are answering our questions for her.
Some News
Here is some news:
- Robert Kennedy Jr. will be dropping out of the race tomorrow and endorse Donald Trump tomorrow. Someone got a job in the Trump administration.
- Commerce Secretary Gina Raimondo was called out during a live interview on Wednesday for falsely suggesting that Republican presidential nominee Donald Trump made up numbers that were released earlier in the day by President Joe Biden’s Bureau of Labor Statistics.
- The 20-year-old man who attempted to assassinate former President Donald Trump on July 13 in Butler, Pennsylvania, used encrypted messaging accounts on platforms in multiple foreign countries, according to Rep. Mike Waltz (R-FL).
- The Republican National Committee created a website that defines all of Kamala Harris’ policies based on her stances and actions over the last 10 years. The website is https://kamala2024policies.com/.
- Polls and as Vegas odds-makers have switched their favorite. Donald Trump has surged ahead of Kamala Harris. This is really bad news that it is happening during the DNC.
https://www.dailywire.com/news/rfk-jr-dropping-out-of-race-will-address-nation-while-in-same-city-as-trump-report?itm_source=parsely-api
https://www.dailywire.com/news/commerce-secretary-gina-raimondo-suggests-trump-made-up-numbers-that-bidens-labor-dept-released
https://www.dailywire.com/news/rnc-creates-website-laying-out-kamalas-policies-as-she-keeps-voters-in-the-dark?topStoryPosition=4
https://www.foxbusiness.com/politics/trump-pulls-ahead-harris-betting-market-amid-dem-convention
Day 3 of the DNC
So much lack of opportunity in this country. You can tell by the list of speakers:
- Bernie Sanders – $5 million.
- Barrack Obama – $70 million.
- Michelle Obama – $35 million.
- By the way, Obama’s daughters have a net worth on $10 million. They’ve done nothing.
- JB Pritzker – $6 billion.
- Oprah Winfrey – $3.5 billion.
These are the people telling me there is wealth inequality?
Yeah, the media is beginning not to buy it. Here is Chris Cuomo saying it out loud. You know Democrats are in trouble if they lost Chris Cuomo:
This Is Insane
This is from TaxFoundation.org:
Vice President and presumptive Democratic presidential nominee Kamala Harris has a record of favoring steeper tax hikes on businesses and people than President Biden. While both President Biden and Vice President Harris aim their proposed tax hikes on businesses and high earners, key differences between their tax ideas in the past reveal where Harris may take her tax policy platform in the 2024 campaign.
Three questions stand out: (1) will Harris double down on more aggressive tax increases than President Biden, (2) is Harris open to stepping away from Biden’s $400,000 tax pledge, and (3) how would a President Harris approach the Trump-Biden tariffs levied on China and other trading partners? Additionally, Harris should clarify how she would address the upcoming expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and the unsustainable trajectory of the federal debt.
So, what is she going to do?
Though Harris’s campaign proposals often lacked detail, they shared similarities with the policies included in the fiscal year 2025 budget proposed by the Biden-Harris administration:
- Raising the top income tax rate on the top 1 percent of earners from 37 percent to 39.6 percent
- Increasing the corporate income tax rate
- Taxing capital gains and dividends at ordinary income tax rates
- Increasing refundable tax credits for individuals
In many areas, however, Harris’ proposals differ in details and scope:
- Harris proposed returning to a 35 percent corporate tax rate, while the FY 2025 budget would take it to 28 percent.
- Harris did not clarify if ordinary tax rates on capital gains would apply to all earners or just a subset, while the FY 2025 budget would do so only for people making $1 million or more.
- Harris supported a version of Medicare for All, financed by a proposed 4 percent tax on incomes above $100,000. Biden has avoided a Medicare for All-style proposal and taxing those earning less than $400,000 during his campaign and administration.
- Harris proposed the LIFT the Middle-Class Act, a new refundable tax credit structured like the earned income tax credit that phases in with earned income, while the FY 2025 budget focuses on expanding the child tax credit and making it fully refundable on a permanent basis.
- Harris proposed an financial transaction tax on certain Wall Street trades, including stocks, bonds, and derivatives, while the FY 2025 budget includes no such proposal.
- Harris was silent on changes to the international tax system, while the FY 2025 budget proposes a significant overhaul. Additionally, the FY 2025 budget includes a novel minimum tax on high-wealth individuals designed to bring unrealized capital gains into the income tax system.
- As a senator, Harris voted against the 2017 TCJA, while the FY 2025 budget indicates an extension of the expiring TCJA provisions for people earning under $400,000 without specifying exactly how that would be structured or how the revenue loss would be offset.
In all, Tax Foundation estimates the major tax increase proposals in the Biden-Harris FY 2025 budget would reduce economic output by 1.6 percent and employment by 666,000 full-time jobs. If Harris took the tax increases further, as she has supported in the past, the economic losses would be even larger.
.https://taxfoundation.org/blog/kamala-harris-tax-proposals-2024/