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Biden Administration Looking to Hit Businesses with $2.5 Trillion Tax Spike (Details)

Because the pandemic didn’t put businesses under enough stress, Joe!?

John Salvatore

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Democrats: convincing the uninformed that Republicans are racist, while also working against the best interests of the American people.

Here’s the latest from Joe Biden’s abhorrent administration, via Breitbart:

The Biden administration released details of its plan to dramatically increase taxes on American businesses on Wednesday, reversing many of the key provisions of the 2017 Trump administration tax overhaul and replacing some tax breaks with direct government spending.

Trending: Maxine Waters Escapes Censure, Goes on MSNBC to Gloat

The program would shift the economy toward increased dependence on government spending to generate economic growth. For example, the plan would repeal a tax cut for income earned by U.S. companies exporting goods and services around the world and offer in its place government spending on research and development.

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CONTINUED:

Some corporations have expressed a willingness to accept a higher statutory tax rate, particularly those that pay far below the statutory rate. Amazon, which has frequently been reported to have paid no federal taxes and reportedly had an effective tax rate of just 9.4 percent in 2019, said it embraced the infrastructure plan and the tax hike. One effect of the hike could be to raise the cost of doing business for potential competitors of Amazon who less effectively duck corporate taxes. In addition, because Amazon is such a huge shipper of goods throughout the U.S., the company would benefit from improved infrastructure—especially if those improvements are not funded by usage fees.

The Biden administration claims that hiking the corporate tax rate to 28 percent and expanding a global minimum tax to 21 percent would largely pay for the $2.3 trillion spending plan President Joe Biden proposed last week. That plan is billed as an “infrastructure plan” but most of the spending would go to social welfare and racial equity programs long-favored by Democrats that have little to do with roads, bridges, airports, or other traditional infrastructure items.

Let’s hear your thoughts in the comment section…

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Amazon Rolls Out Creepy ‘Pay By Palm’ Hardware at Whole Foods

Is this one of the harbingers of a cashless society?

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Throughout much of modern history, Americans and their cash were two separate things.  One was a human being, breathing and walking about, earning money.  The money was an inanimate commodity of varying value that we used to keep the organism alive, fat, and happy. But in the future, it seems as though we may find ourselves intrinsically, and anatomically indistinguishable from our bank account.  In fact, it appears as though Amazon is banking on it. Amazon.com Inc (AMZN.O) said it is rolling out biometric technology at its Whole Foods stores around Seattle starting on Wednesday, letting shoppers pay for items with a scan of their palm. The move shows how Amazon is bringing some of the technology already in use at its namesake brick-and-mortar Go and Books stores to the grocery chain it acquired in 2017. The system, called Amazon One, lets customers associate a credit card with their palm print. It offers a contact-less alternative to cash and card payments, Amazon said. Of course, the move is being regarded as a terrifying leap into Orwellian territory by privacy experts, as it appears to push us ever closer to a cashless society where hackers and power failures could doom us all to poverty in the blink of an eye.

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Fraternal Order of Police Responds to LeBron James’ Tweet Fiasco

And they were NOT happy.

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Lebron james

The politicization of American sports has been ongoing for some time, perhaps decades, but the most recent acceleration of this melding has come thanks to the power of social media and the blurring of the line between celebrity and athlete. At the forefront of this movement has been the NBA, and, more specifically, superstar LeBron James. This week, James came under fire for a tweet in which he referenced the Derek Chauvin trial’s guilty verdicts, with a photo of another officer who was involved in the shooting of a young black girl and text stating “you’re next”. The tweet was seen as a threat by many, including the Fraternal Order of Police who responded harshly. On Wednesday, James tweeted a photo of the officer involved in the shooting with a caption reading “YOU’RE NEXT #ACCOUNTABILITY.” The tweet has since been deleted. James was reacting to the deadly police shooting of 16-year-old Ma’Khia Bryant. Hours later, the National Fraternal Order of Police tweeted a photo of James’ original tweet, saying: “[email protected], with his vast resources & influence, should educate himself and, frankly, has a responsibility to do so, on the facts before weighing in. This is disgraceful & extremely reckless. The officer saved a young girl’s life. No amount of gaslighting will change that fact.” James attempted to walk back the tweet after deleting it, by issuing an explanation that garnered only a lukewarm response online.

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