In order to help pay for his ambitious upcoming economic initiatives, President Joe Biden is eyeing the first major tax hike since 1993 according to sources around his administration. The $1.9 trillion “American Rescue Plan” that just passed on a strict party-line vote of Democrats relied almost entirely on debt to finance. But according to his Secretary […] More
Fresh on the heels of a professor suggesting that blacks’ votes should be worth twice whites’ as a form of reparations, comes news of another bright idea from academia’s hallowed halls: White people should perhaps be forced to submit their taxes to a check for ties to slavery. Though just hitting the news recently, the idea […] More
Typically, politicians cater policy promises to their base. It makes sense, they want your vote and so aim to support ideals and policies you feel are important or beneficial. President Donald Trump knew crushing and senseless taxes were a concern for many conservatives. Therefore, he promised to lower taxes, the trim needless red tape and […] More
Hunter Biden was hit with a $450,000 lien in July over delinquent state income taxes, which he paid off in six days despite having no discernible income. Last year, he told the court judge in his paternity case that he was broke and unemployed. The younger Biden owed $238,562.76 in state income taxes from 2017 and $215,328.16 in state […] More
In news that will delight millions of Americans – at least those who end up owing Uncle Sam a tax bill instead of getting a refund – the US government will postpone the April 15 tax-payment deadline for tens of millions of taxpayers by 90 days, giving Americans roughly 3 months pay their 2019 income-tax […] More
Whoever the Democrats nominate for president is going to have a tough time defeating President Donald Trump and his strong economy. And the road is about to get even tougher for the Dems as the president is preparing for what the administration calls ” Tax Cuts 2.0.” National Economic Council Director Larry Kudlow told Fox […] More
Small business owners have plenty of changes to deal with as 2020 begins — higher labor costs for many companies, and some owners will discover that they have to comply with new laws that aren’t on the books in their own states. As of Jan. 1, there are higher minimum wages in a quarter of […] More
If you’re a fan of slavery reparations and legal weed, have I got the town for you. The wealthy Chicago suburb of Evanston has voted to funnel all proceeds from its coming weed dispensaries to a course-correcting cause. Rather than the city at large benefitting from the tax revenue, the dispensaries’ dough will be yielded to you, the residents…so long as […] More
Now that former New York Mayor Michael Bloomberg has announced his candidacy for president, he is — of course — fair game. And yes, that’s great for us with a working memory. After all, there have been many times when Bloomberg proved himself to be an extremely arrogant member of the Know-It-All elite. Case in […] More
Microsoft founder Bill Gates criticized 2020 Democratic presidential candidate Sen. Elizabeth Warren on Wednesday and refused to rule out voting for President Donald Trump over her. Speaking to New York Times financial columnist Andrew Ross Sorkin at a conference in New York, Gates said that he supports “super-progressive tax systems” and an estate tax. But he was […] More
Senator Bernie Sanders admitted on Thursday night that he would raise taxes on middle-class American families to pay for his big government programs. “Yes. They will pay more in taxes but less in health care,” Sanders said. – read more Via TruePundit More
Presidential frontrunner Joe Biden told a room full of billionaires and multi-millionaires earlier this week that “nothing would change” if he won the Oval Office. During a fundraising event at the Upper East Side Carlyle Hotel, Biden explained to a room of New York’s financial elite that he had “got in trouble” with some people […] More
A.M. Smith
