Keyword: taxhike
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FRESNO, CA (KMJ) When Governor Gavin Newsom suddenly pulled the plug on Monday’s annual State of the State speech with no explanation, insiders and analysts were quick to assume the reason may be due to the extremely close vote on Proposition 1.More than two weeks after the primary election, the race is still too close to call. As of today, Prop 1, Newsom’s $6.4 billion plan to help California’s homeless and addicts leads by 17,000 votes with 200,000 yet to be counted. The tight race reportedly has Newsom’s group scrambling to find more “yes” votes to push it over the...
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Restaurants, recalls and resistance are giving California Gov. Gavin Newsom one of the worst months of his political career. California held its presidential primary election on Super Tuesday, March 5, but it was far from super for the state’s ambitious governor. Voters showed more than a little resistance to passing the ballot measure Newsom had branded with his name and image in TV ads for which he had raised $20 million. Given the razor-close outcome, what was really shocking was the amount spent to oppose the governor’s effort: nothing at all.
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Kudlow calls out Biden's economic agenda Congratulations to President Joe Biden, who continues to believe that he can tax the country into prosperity. I say "congrats, Joe" because the entire history of tax hikes shows the revenue increases never pan out. The economy is depressed. Investment falters and, if that weren't enough, you would be emulating western Europe which has been taxing itself into recession for many decades including now. If it's not exactly big government socialism, it sure comes close, doesn't it? Proud of you, Mr. President! You never miss a progressive beat. By the way, I don't want...
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In addition to the off-year elections to be decided this November in Virginia, Kentucky, Louisiana, and Mississippi, a number of ballot initiatives will be voted on in other states. Perhaps the most consequential measure appearing on the November 2023 ballot, at least when it comes to fiscal policy, is found in Colorado, where voters will be asked whether they want to weaken the nation’s strongest tax and expenditure limit in exchange for property tax relief. Proposition HH, which was referred to the November ballot by Colorado lawmakers with the support of Governor Jared Polis (D), would weaken the state’s Taxpayer’s...
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A group of New York Democrats are calling for a tax hike on the wealthy to help pay for New York’s migrant crisis. The group of 20 New York Democrats, including Representative Alexandria Ocasio-Cortez (D-NY), released a statement on Monday blasting the government’s response to the migrant crisis and pitching a litany of measures that the city, state, and federal government can take to help. Several of the lawmakers self-identify as Democratic socialists. One proposal the group put forth is to increase state taxes on the top 5% of New Yorkers and have that money go towards homeless and migrant...
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President Joe Biden on Thursday proposed raising the corporate tax rate from 21 percent to 28 percent, a scheme that will likely burden both large and small businesses. While the term “corporation” is widely used to depict large companies such as Microsoft, Walmart, and McDonald’s, C-corporations are both small and large businesses, the most prevalent of corporations. Individual shareholders of C-corporations already have profits taxed both on a corporate and personal level (double taxation). In addition, small businesses account for 65.1 percent of net new jobs created from 2000 to 2019 and comprise 99.7 percent of firms with paid employees,...
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Wes Moore, the incoming Democratic governor of Maryland, said he is “confident” he can reach his economic goals without raising taxes in the state. Moore said on CNN’s “State of the Union” that economics will be his priority, and he is going to work to create pathways for “work, wages and wealth.” He said too many people are working in their jobs and still living below the poverty line, and he wants to make sure people own more than they owe.
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Joe Manchin and Kyrsten Sinema are known as the moderates of the Senate Democratic Caucus. There are problems with that designation, of course, such as the fact that Manchin's and Sinema's lifetime ACU ratings are 27% and 15%, respectively - not exactly the definition of "moderation." But the universe of Democratic Party officeholders has moved so far left that they now officially regard Josef Stalin as "squishy," so the definition of "moderate" has had to be softened a bit as well, in recent years. Since the Democrats usurped complete control of both the national executive and legislative branches in 2020,...
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Joe Biden wants to know how much money is coming in and out of your bank accounts. His plan is to require banks report all transactions of more than $600 whether coming in or going out. It was billed as a way to fight tax evasion, which is ironic since Biden himself was accused of evading his own taxes last week. But the truth is the regime wants to keep tabs on everyone’s money to make sure nobody has any the government can’t get their grimy fingers on.According to Katabella Roberts from our premium news partners at The Epoch Times:Democrats...
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President Joe Biden joked about once being thought of as a moderate, in an Oval Office meeting with leftist Democrats at the White House last week. “I used to be called a moderate,” he said, according to The Atlantic. The president signaled support with the fight led by Rep. Pramila Jayapal (D-WA) and other leftists to get a $3.5 trillion spending bill through the House of Representatives, even as moderates are trying to block it or even cut the spending levels.
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SNIPThe audit from the state of Arizona was supposed to end all the questions about the 2020 election in the state, but neither side is giving in and questions continue to be raised.The media and Democrats insist that the audit confirms that Joe Biden won the state fair and square but there are still some Republicans who do not believe that, and who believe there were shenanigans in the election.Now, Arizona State Sen. Wendy Rogers has announced that 41 state legislators from multiple states are calling for a forensic audit of all 50 states and decertification where warranted, she announced...
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Infrastructuremas hasn’t been canceled … at least not yet. The prospects for the bipartisan infrastructure bill don’t exactly look cheery, however, as Nancy Pelosi caved at least in part to the progressive House caucus. Instead of the vote scheduled today for the $1.2 trillion bipartisan bill, Pelosi has pushed it off to Thursday — the same day that Congress has to act to forestall a government shutdown:
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Following days of deadly protests across Colombia against a planned nationwide tax increase, President Iván Duque has withdrawn the proposal that he insisted was needed to fix the country's pandemic-battered economy. Protests that began last week have led to multiple deaths, and they continued over the weekend despite a promise by Duque on Friday to remove some of the bill's most controversial provisions. On Sunday, he announced the proposed overhaul would be shelved and replaced. "I am asking Congress to withdraw the law proposed by the finance ministry and urgently process a new law that is the fruit of consensus,...
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In a Thursday interview on MSNBC’s “Stephanie Ruhle Reports,” Secretary of Transportation Pete Buttigieg discussed President Joe Biden’s $2 trillion infrastructure plan. Host Stephanie Ruhle asked Buttigieg if he is “prepared” for Republicans to run against the tax hike being necessary to pay for the massive plan.
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President Joe Biden said in an interview broadcast Wednesday that he plans to raise taxes on Americans making more than $400,000 a year as his post-stimulus legislative plans come into focus."Anybody making more than $400,000 will see a small to a significant tax increase," he told ABC News. "If you make less than $400,000, you won't see one single penny in additional federal tax."Speaking with NBC News, two administration officials earlier confirmed that Biden and his top aides are discussing the framework to increase taxes on Americans making more than $400,000 and on large corporations.The officials stressed that the full...
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You can’t spend $1.9 trillion you do not have. So, now the administration is apparently giving weight to the likes of populist socialists like Senator Elizabeth Warren, and considering a wealth tax. When asked about the idea on ABC’s “This Week with George Stephanopoulos” Treasury Secretary Janet Yellen admitted that, “that is something we haven’t decided yet and we can look at.” She did note that President Biden campaigned on his intention to raise taxes for individuals and corporations as well as capital gains and dividend taxes. A group of progressive lawmakers led by Senator Warren recently introduced legislation that...
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Joe Biden is planning to propose the first substantial federal tax hike since 1993 for Americans to help pay for his long-term economic program after he signed the largest stimulus package in U.S. history with a price tag of $1.9 trillion. Now the White House is preparing to roll out another sweeping plan to tackle infrastructure and the economic crisis, which some say could fall somewhere between the $2-$4 trillion mark. Biden plans to kick off his cross-country tour this week promoting and seeking to bolster enthusiasm for the coronavirus relief package, where the White House will also ensure he...
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Gov. Tom Wolf’s 2021-22 budget proposal contains the largest increase in education spending Pennsylvania has ever seen along with a sizable increase in the state’s personal income tax rate. While the governor is proposing to raise the income tax for the first time in nearly two decades, some of the new money would be directed to provide tax relief for lower income families and some tax-shifting at the local level. According to sources, the governor will be proposing hiking the 3.07% personal income tax rate rise to 4.49%, starting July 1. That would be the first time it has increased...
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Congressional leaders passed a new stimulus package meant to alleviate the financial pain of the coronavirus, but it won’t cure all that ails PennDOT’s pocketbook. PennDOT press secretary Alexis Campbell said Monday afternoon it wasn’t clear if the relief plan will cover the $600 million funding gap plaguing PennDOT. Early media reports indicate that $10 billion of financial relief could be distributed to the 50 states’ highway systems, though it’s unclear how much would come Pennsylvania’s way. State Sen. Pat Browne, a Lehigh County Republican and longtime chairperson of the Appropriations Committee, said Tuesday that transportation-specific wording included in the...
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Sen. Elizabeth Warren (D-Mass.) on Friday released a new plan laying out how she would pay for her "Medicare for All" proposal that would not directly raise taxes on the middle class, responding to pressure and criticism from other Democrats in the presidential race. The plan is a shift from Warren's progressive rival in the 2020 primary, Sen. Bernie Sanders (I-Vt.), who has said tax hikes on the middle class will be necessary to help pay for Medicare for All. “We don’t need to raise taxes on the middle class by one penny to finance Medicare for All,” Warren wrote...
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