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Opinion

Biden Set to Unveil Gargantuan Tax Hike for the Wealthy

Don’t say we didn’t warn you.

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During the 2020 election, there were plenty of claims made by then-President Donald Trump regarding the policies that we might see should Joe Biden be elected, not the least of which involved open borders and a tax on the rich.

Now we know that Trump wasn’t kidding.

Biden has already proven to be an inept leader when it comes to border security, having tapped Vice President Harris for the role of overseeing the necessary reforms.  Instead, Harris has remained far from the actual crisis, and only mentioned immigration reform this week, thirty days after being assigned the task.  To add insult to injury, the Vice President also tried to equate the migrant surge to climate change, possibly in an effort to somehow get the radical left engaged on the issue.

And now Trump’s prophecy is doubled, as Biden is set to unleash a massive, forewarned tax hike on the wealthy.

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President Biden is expected to propose almost doubling the tax rate paid by wealthy investors when they sell stocks and other assets in his next big-ticket spending bill.

Under the forthcoming proposal, dubbed the American Families Plan, the capital gains tax rate could increase to 39.6% from 20% for Americans earning more than $1 million, a source familiar with the matter told FOX Business. Coupled with an existing Medicare surcharge, federal tax rates for the wealthy could climb as high as 43.4% – bringing the levy on returns on financial assets higher than rates on ordinary income.

Taxes on long-term capital gains – generally classified as an asset that’s held for more than one year – currently range from 0% to 20%, depending on a person’s income. Wealthier investors are also subject to an additional 3.8% tax on long- and short-term capital gains that’s used to fund ObamaCare. Short-term capital gains on assets sold within a year are typically taxed as ordinary income.

Capital gains are taxed favorably when compared to wage and salary income; under existing law, the richest Americans pay a top tax rate of 37% on ordinary income, while the top tax rate on capital gains is 23.8%.

And while Biden and the Democrats may possess a majority in Congress, many of those elected representatives on the left side of the aisle happen to be fairly wealthy themselves, which could make for an uphill battle on Capitol Hill.

Opinion

Trump Drops Brutal Truth Bomb About Biden’s Border ‘Invasion’

BOOM!

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There is little doubt that the situation on the southern border of the United States is untenable, catastrophic, and simply sad.

The election of Joe Biden had predictably attracted a massive surge of migrants to the border, as a perceived leniency toward immigration reform almost always comes with Democratic administrations.

To make matter worse, Biden’s choice to appoint Vice President Kamala Harris to the position of Border Czar has been an unmitigated mess, with Harris deciding that she’s rather work on climate change, calling it a “root cause” of illegal immigration.

During a raucous Saturday night rally in Georgia, former President Donald Trump absolutely obliterated the Biden border fiasco.

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“Joe Biden has thrown the border wide open and our country is being invaded by hundreds of thousands of people every single month. Every month we have hundreds of thousands of people coming and we don’t even see the people that are really coming in, and I guarantee you they’re the worst of all. “

And then:

“The world is coming into our country. They’re emptying their prisons into our country. I used to say from Guatemala, Honduras, El Salvador, Mexico, but now it’s from many countries all over the world including the Middle East. They’re emptying their prisons into our country. We’re having people coming into our country that we do not want.”

Biden has been busy lamenting the tactics used by Border Patrol during this unprecedented surge, and taking some guff from federal law enforcement in the process.

There is little doubt that the situation on the southern border of the United States is untenable, catastrophic, and simply sad. The election of Joe Biden had predictably attracted a massive surge of migrants to the border, as a perceived leniency toward immigration reform almost always comes with Democratic administrations. To make matter worse, Biden’s choice to appoint Vice President Kamala Harris to the position of Border Czar has been an unmitigated mess, with Harris deciding that she’s rather work on climate change, calling it a “root cause” of illegal immigration. During a raucous Saturday night rally in Georgia, former President Donald Trump absolutely obliterated the Biden border fiasco. “Joe Biden has thrown the border wide open and our country is being invaded by hundreds of thousands of people every single month. Every month we have hundreds of thousands of people coming and we don’t even see the people that are really coming in, and I guarantee you they’re the worst of all. ” And then: “The world is coming into our country. They’re emptying their prisons into our country. I used to say from Guatemala, Honduras, El Salvador, Mexico, but now it’s from many countries all over the world including the Middle East. They’re emptying their prisons into our country. We’re having people coming into our country that we do not want.” Biden has been busy lamenting the tactics used by Border Patrol during this unprecedented surge, and taking some guff from federal law enforcement in the process.

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Opinion

Lindsey Graham Makes Major Statement Regarding Trump’s Potential 2024 Run

We did NOT see that coming!

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Lindsey Graham

Donald Trump isn’t always the easiest guy to get along with, politically, but that was kind of the point all along.

You see, Trump was elected in 2016 as a disruptor; as the guy who would arrive in Washington and tear down the walls of political pomp, and instill a sense of urgency back to the White House.  It was never going to be a smooth course to sail, but a great many Americans felt that this turbulence was going to be necessary.

Of course, for those that have been a part of Washington’s political machinations for years weren’t always on-board with Trump’s maneuvering, and plenty of on-again, off-again squabbles did occur.

Senator Lindsey Graham was one of those who butted heads with No. 45 on a semi-regular basis, but it does seem as though he’s coming around to the idea of getting Trump back into the White House.

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​Sen. Lindsey Graham told a gathering of Republicans that he hopes former President Donald Trump runs in 2024.

“I don’t think Trump is listening. He might be. I hope President Trump runs again,” Graham (R-SC) said at a leadership conference for Michigan’s Republican Party on Saturday, according to the Detroit News.

The former President does appear to be strongly considering it.

Trump, who has been coy about whether he would throw his hat in the ring, came the closest to acknowledging a run in an interview on Friday.

He was asked by David Brody of Real America’s Voice Network if he could name a reason he wouldn’t.

“Well, I guess a bad call from a doctor or something, right?” Trump replied. “I will say, that happens with people.”

“So things happen, through God, they happen,” Trump added. “But you know, I feel so good, and I hate what’s happening to our country.”

Trump and Graham have quarreled a fair bit over the course of the last few years, with their latest spat having taken place not more than a week ago.

Donald Trump isn’t always the easiest guy to get along with, politically, but that was kind of the point all along. You see, Trump was elected in 2016 as a disruptor; as the guy who would arrive in Washington and tear down the walls of political pomp, and instill a sense of urgency back to the White House.  It was never going to be a smooth course to sail, but a great many Americans felt that this turbulence was going to be necessary. Of course, for those that have been a part of Washington’s political machinations for years weren’t always on-board with Trump’s maneuvering, and plenty of on-again, off-again squabbles did occur. Senator Lindsey Graham was one of those who butted heads with No. 45 on a semi-regular basis, but it does seem as though he’s coming around to the idea of getting Trump back into the White House. ​Sen. Lindsey Graham told a gathering of Republicans that he hopes former President Donald Trump runs in 2024. “I don’t think Trump is listening. He might be. I hope President Trump runs again,” Graham (R-SC) said at a leadership conference for Michigan’s Republican Party on Saturday, according to the Detroit News. The former President does appear to be strongly considering it. Trump, who has been coy about whether he would throw his hat in the ring, came the closest to acknowledging a run in an interview on Friday. He was asked by David Brody of Real America’s Voice Network if he could name a reason he wouldn’t. “Well, I guess a bad call from a doctor or something, right?” Trump replied. “I will say, that happens with people.” “So things happen, through God, they happen,” Trump added. “But you know, I feel so good, and I hate what’s happening to our country.”…

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