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Joe Biden proposes hitting Donald Trump with a $1 billion tax bill
SEE: https://www.marketwatch.com/story/joe-biden-proposes-hitting-donald-trump-with-a-1-billion-tax-bill-e9789774; republished below in full, unedited, for informational, educational, & research purposes:
The president has proposed a tax on unrealized capital gains for people worth more than $100 million. Who do we know falls into that category?
Biden has released a clever campaign document disguised as a budget.
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images
That’s something they may come to regret, because it’s a campaign document for the presidential election. And as such, it’s pretty clever.
Among its features, buried in the fine print, is a big stick that Biden can be expected to use against Donald Trump in the fall.
That stick: a hefty 25% tax on unrealized capital gains for people worth more than $100 million.
Hmmm. Who do we know who is worth more than $100 million and likes to brag about paying no taxes?
During Trump’s first debate with Hillary Clinton in 2016, she brought up past tax disclosures that showed that in certain years, her opponent had effectively paid no federal taxes. Trump didn’t deny it. “That makes me smart,” he retorted. He didn’t offer a rebuttal when she said he might have paid taxes for a decade.
Even former Trump cheerleader Ann Coulter found that too obnoxious to bear.
The U.S. tax code is insane in many ways. (Biden’s budget, incidentally, would pile still more complications and convolutions onto a system that is already a monstrosity.) One of its features is that, despite what Bernie Sanders likes to imply, it does not treat millionaires and billionaires the same way.
People who earn more than $1 million a year are generally taxed very heavily. If you include state and maybe local taxes, the top rate for such earners may already be near 50% and could soon be much higher. Even people who earn a lot less but have at least $1 million in assets usually pay pretty hefty taxes.
It’s the billionaires whose tax bill resembles a love letter from the IRS. Billionaires along with those worth hundreds of millions of dollars, that is.
Those people don’t live on income. They live on assets. Taxes on assets range from low to nonexistent.
I know, I know — it’s an absolute shock that the donor class has bought themselves a tax code that benefits them at the expense of everyone else. Right?
It’s something to think about every time politicians argue about taxes for “high earners,” trying to equate those people with the super-rich. Most high earners are workers and are taxed heavily. Unless politicians start to go after untaxed assets, they are just playing you.
Which brings us to Biden’s fascinating campaign document wrapped in a federal budget. The key facts don’t even appear in the budget itself, but in a companion document titled “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals.” It comes from the U.S. Treasury, not the White House, and is nearly 300 pages long.
Page 83 is a doozy. “The proposal would impose a minimum tax of 25 percent on total income, generally inclusive of unrealized capital gains, for all taxpayers with wealth (that is, the difference obtained by subtracting liabilities from assets) greater than $100 million,” it says.
Objectively, this shouldn’t be a big deal. Workers have to pay a 24% tax rate once their taxable income for the year exceeds $95,000, or $190,000 for joint filers. Those rates rise as high as 37% once people clear about $600,000 a year. It hardly seems like the height of communism to levy a 25% tax on people worth more than $100 million.
But it will be greeted that way, because it touches the donor class. (When people criticize Congress, I like to remind them that we have the best Congress money can buy.) Cue the inevitable cries of “taxing wealth creators” and so on.
Apparently the rest of us aren’t wealth creators.
Biden’s proposal is an attempt to move the so-called Overton window on the issue of assets and wealth taxes. The Overton window refers to ideas that are considered within the realm of normal debate. Elizabeth Warren brought up wealth taxes during her failed 2020 presidential election campaign, but the proposals went down with the ship. Biden, or his team, wants to bring them back into the discussion.
We don’t know how much Donald Trump is worth, or how much that changes from year to year. Forbes says that figure is up about $4 billion this year, mainly due to Trump’s stake in Trump Media & Technology Group DJT, 5.16%, currently valued at around $4 billion. Based on the company’s financials, we can assume that’s nearly all profit.
At these levels, his Biden tax would be a cool $1 billion.
Taxes will not become law. Not anytime soon, and maybe never. But it will surely make for a lively punch line this fall.
Israel Will Invade Rafah ‘With or Without a Deal’ | CBN NewsWatch – April 30, 2024
Prime Minister Benjamin Netanyahu promises to Israel will go into the last Hamas stronghold in Rafah “with or without a deal” as talks continue with Hamas on a ceasefire and hostage release agreement, and US Secretary of State Antony Blinken calls Israel’s offer “extraordinarily, extraordinarily generous;” why Rafah is so important for Hamas operations, and why Israel wants to take it out; and the concerns over the International Criminal Court possibly indicting Netanyahu and other Israeli leaders for war crimes; Chris Mitchell talks about what it would mean if Hamas survives in Gaza, concerns about charges against Israeli leaders, who’s behind the pro-Palestinian/anti-Israel protests on college campuses, and more; Israelis traveled to the Western Wall in Jerusalem during Passover for a special priestly blessing, and the focus was on the hostages and their families; four law enforcement officers killed in shootout in the Charlotte, North Carolina area; and how the church is providing support for parents whose children who unexpectedly decide to switch genders.
University of North Carolina Center for Middle East and Islamic Studies: Celebrating October 7th
“Oct. 7 for many of us from the region, it was a beautiful day.”
SEE: https://www.frontpagemag.com/unc-center-for-middle-east-and-islamic-studies-celebrating-october-7th; republished below in full, unedited, for informational, educational, & research purposes:
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[Pre-order a copy of David Horowitz’s next book, America Betrayed, by clicking here. Orders will begin shipping on May 7th.]
Editor’s note:Since the barbaric Hamas attacks against Israel on October 7th, American universities have become an undeniable locus of Jewish hatred within our nation. Much attention has deservedly been paid to radical campus groups like Students for Justice in Palestine who call for the genocide of the Jews and cheer the terrorists of Hamas. What has received less attention—but should in fact rank as the universities’ worst offense—is the Jew hatred promoted by official departments and institutes of the universities themselves. In the case of our campuses, Jewish hatred is “the call coming from inside the house.”
The Freedom Center is exposing these academic institutes and programs as “The Top Ten Jew-Hating Academic Departments” in a new report. We will be publishing one school per day as a series on Frontpage. The Center for Middle East and Islamic Studies at the University of North Carolina-Chapel Hill is #6 on our list.
The Center for Middle East and Islamic Studies at UNC-Chapel Hill has repeatedly abdicated its responsibility to conduct legitimate scholarships and the free exchange of ideas by inviting rabid Jewish-haters and Hamas propagandists to campus.
On November 28, 2023, less than two months after Hamas indiscriminately slaughtered and mutilated over 1200 Israeli civilians and took several hundred more hostage, the Center for Middle East and Islamic Studies co-hosted an event with other university departments titled “No Peace Without Justice: A Round-Table Talk about Social Justice in Palestine.” Speakers at this official university-sponsored event had zero compunction about celebrating Hamas’s mass-slaughter and announcing their ultimate goal—to see Israel annihilated.
Dr. Rania Masri, an invited speaker at the event, declared: “Oct. 7 for many of us from the region, it was a beautiful day. It was the day in which we saw that, we saw our brothers, we saw our fathers, we saw men break out of a concentration camp.”
She went on to heap praise on Hamas and their paragliders who have become a symbol of terror for Jews and Israelis: “So for many of us, the question is, how did they learn that?" How did they develop those paratroopers? Where did they get those skills? How, how, after a hundred years of having a military boot on your neck, could you still develop the technique and the resilience to literally fly? That is what Oct. 7 means to many of us. And I just want to be very frank about it and not be in the least bit apologetic of the violence of the oppressed or the occupied.”
Instead of condemning Dr. Masri’s words, other speakers voiced their agreement with the Reverend Mark Davidson proclaiming, “I agree with everything my colleagues have said” and UNC doctoral student Kylie Broderick, who also served as a panelist, nodding along to Masri’s statements.
Lest celebrating October 7th wasn’t a clear enough signal of Jew-hatred, Masri labeled Zionism a “cancer,” and called President Biden a “racist Zionist.” “Let us demand the eradication of Zionism. "Let us have that be our goal,” Masri declared, promoting the destruction of the world’s only Jewish state.
A film screened at the event, titled “Gaza Concentration Camp,” backed up Masri’s narrative, stating that on Oct. 7, “Palestinians didn’t break through a border to enter Israel. They destroyed a fence separating them from the homes they were forced out of.” The film failed to mention the brutal slaughter, rape, and maiming of innocent civilians that followed.
According to The Algemeiner which covered the event, “There were seven panelists, two moderators, and UNC professors present. No one appeared concerned by what Masri said, or challenged her. Further, the absence of a question and answer period meant that nothing could be challenged by audience members.”
Other recent events hosted by the Center for Middle East and Islamic Studies have brought prominent anti-Semites to campus, including Princeton Professor Cornel West who spoke at the university on January 30, 2024 for a special event titled “Intertwined Histories of Social Justice within Middle Eastern American and African American Communities: A Conversation with Dr. Cornel West.” West has dismissed the Jews’ historic claim to the land of Israel, stating that “Jews jumped out of the burning buildings of Europe in a Jew-hating Europe led by a gangster named Hitler, right? They landed on the backs of some Arabs in 1948 when they founded their state.” West has also equated the Israeli Defense Forces (IDF) with the terrorist group Hamas and claimed that Israel’s defensive actions during Operation Protective Edge in 2014 showed “Israeli state terrorism in action and its Jewish racism in motion.”
One of the center's most prominent voices is that of Dr. Nadia Yaqub, author of several books on Palestinian filmmaking. Yaqub is a supporter of the genocidal BDS movement against Israel and has repeatedly demonized and delegitimized Israel, claiming that the actions of the world’s only Jewish state are comparable to the Nazis during the Holocaust: “Israel’s repeated and disproportional attacks on Palestinian and other Arab civilians are rooted in a worldview that is very similar to that which produced the genocide against European Jews.”
The Center’s failure to tell the truth and its Jewish students can also be seen in its message to students and faculty following Hamas’s October 7th massacre against Israeli civilians. Instead of condemning Hamas and its barbaric atrocities, the Center merely spouted platitudes about how
“The events in Israel/Palestine over the past few days have been terrifying” and how “we extend our sympathy to everyone in our community who is feeling grief and pain at this time.” Rather than decry Hamas as the aggressor, the Center stated that “We also recognize that this is not an isolated incident and must be understood within the context of a history that stretches back 100 years” and “To that end, we will be holding listening sessions, roundtables, and/or teach-ins in the coming weeks for those interested.”
This statement is a complete moral and intellectual failure on the part of the Center. Instead of having the courage to call out Hamas’s barbarism, the Center attempts to put the rape and mutilation of women and the slaughter of children in “context.” For its dismal record of truth-telling about Israel and promotion of Jew-hating speakers and events, the Center for Middle East and Islamic Studies at UNC-Chapel Hill is among the worst Jew-hating academic departments at American universities.
Previous articles in the series:
[1] ‘Jew-Hating’ Asian American Studies Program is Exposed at Northwestern University.
[2] UIUC’s Department of Latino Studies Endorses ‘Jew Hatred’.
[3] U. Maryland Department of Women, Gender, and Sexuality Studies: A Case Study in ‘Jew Hatred’.
[4] University of Colorado-Boulder Ethnic Studies Department: Shilling for Hamas.
Sara Dogan
Sara Dogan is the National Campus Director for the David Horowitz Freedom Center. She has written extensively on issues including academic freedom and anti-Semitism on campus.
Young Voters ABANDON Biden Over Israel
DeSantis Issues Stark Warning To Florida Students After Columbia Building Takeover
Biggest Surprise of the Night! Israeli F-16 Fighters massive airstrike on Iran-backed Hezbollah
Inside Big Pharma: The Dark Side of Pharmaceutical Giants
In a career spanning more than twenty years, Bernard Dalbergue has learned everything there is to know about pharmaceutical laboratories. At the beginning of 2011, he decided to quit this world, with its practices and its lies. Above all, he decided to reveal to us everything he knew about his employer: the international drug company Merck. With him as our guide, we will discover how their labs engage in rigging certain clinical trials, and misleading the international medical authorities. And, finally, putting the lives of millions of people worldwide at risk. With the sole aim of constantly increasing profits.
Sean Spicer: White House Dinner Disaster, Radicals on College Campuses
The White House correspondents dinner was filled with lowlights this weekend. Colin Jost and his grandpa think Biden is a "decent" man. Insults were hurled at Lara Trump as Biden gave his marching orders to the press. Forget about the infuriatingly awful job he's done as president and just keep writing about how "fiery" his speeches are. Protests on college campuses have become confrontational and violent as hateful rhetoric continues to spread from Islamist sympathizers. Speaker Johnson is placating the liberal media again instead of focusing on closing our country's border. The border invasion has a new wave of illegal aliens using "adverse possession" laws to seize U.S. homes. Many take to Tik Tok to teach other illegal aliens how to accomplish this. Rep. Dan Meuser is taking a stand against this new dilemma with his SHIELD initiative. Rep. Meuser sits down with Sean today to discuss the border, SHIELD, government funding and Kristi Noem's dog? Featuring: Congressman Dan Meuser Pennsylvania | District 9 Interested in Rep. Meuser's SHIELD Act? Click on the link below 👇 https://meuser.house.gov/media/press-...
Who Funds Hamas? You Do, Thanks to Old Joe Biden
The $9.1 billion is earmarked, of course, as “humanitarian assistance,” but that ruse is fooling fewer and fewer people. Just The News reported Friday that the bill is “under scrutiny” in the first place because the amount that Gaza will be getting is “significantly more than the annual gross domestic product of the Gaza Strip,” and no safeguards are in place to ensure that the money will not fall into the wrong hands: “critics say the U.S. is essentially funding Hamas through the bill.”
Officially, this massive cash outlay is for "Migration and Refugee Assistance" and "International Disaster Assistance." It is so massive, in fact, that it is “more than four times the amount of the annual GDP in the Gaza Strip, which was about $2 billion last year, according to the United Nations.” The Gaza Strip is about to be awash in American money, and that means that even if Hamas has already burned through the $10 billion that Old Joe Biden and his henchmen sent to Hamas’ money men in Tehran last month, more billions are on their way.
The Biden regime doesn’t want you to worry about this. The bill “calls for the Secretary of State to establish oversight measures to ensure that the aid is not diverted by Hamas,” but really, what can he possibly do short of establishing an American military presence in Gaza? Hamas controls Gaza. There is no force in Gaza that is strong enough to stand up to Hamas. So provisos written into legislation drafted and passed in faraway Washington, D.C. is one thing, but the reality on the ground in Gaza is something else altogether, and the Biden regime must know that.
Morton Klein, President of the Zionist Organization of America, stated it plainly: "Biden and this administration knows that almost all of it,” that is, the aid, “is stolen by Hamas.” That leads to an inescapable conclusion: “We are funding Hamas. Do you realize the nightmare of this? We are funding Hamas with this 9 billion. What is wrong with this administration?"
Well, that last question would take longer to answer than there is space on the Internet, but Klein is right: the Biden regime is funding Hamas, which means that American taxpayers are getting soaked to provide for the upkeep of jihad terrorists. Klein also pointed out that by waiving sanctions on Iran and ensuring that billions flow into the mullahs’ coffers, the Biden regime was "funding the biggest funder of terrorism for Islamic terrorism in the world."
Related: Did the Biden Regime Green-Light Arrest Warrants for Israeli Leaders, Including Netanyahu?
Morton Klein was not alone in noticing where the money was going. Ramzi Awda, who as secretary-general of the International Campaign to Combat the Occupation and Apartheid is no friend of Israel, said that an "armed militia of Hamas" stole the aid that came into Gaza. He added: “Most of the aid is being stolen – over 60% or 70% of the aid goes to the warehouses of some movements, some factions, some tribes.” Hamas jihadis, he says, then "re-sells the products to the people at exorbitant prices."
Klein concluded: "This administration should be ashamed of itself for funding Hamas and the biggest funder of terrorism in the world, Iran. It's just mind-boggling." Yes indeed, Mr. Klein, but for Biden regime wonks to be ashamed of themselves, they would have to be capable of shame. If anything is clear from the tragicomedy of the last three years, it is that shame is not a concept with which regime apparatchiks are familiar. They maintain with a straight face that men can become women, that these pretend women should be able to compete in women’s sports, even though they make women’s sports a mockery. They claim that the Southern border is secure. They insist that old Joe Biden is energetic and sharp as a tack, leaving people who are decades younger exhausted after trying to keep up with his whirlwind of activity. Shame? The Biden regime doesn’t know the meaning of the word.
Tulsi Gabbard: Would I Accept a Trump VP Offer?
Dave Rubin of “The Rubin Report” talks to Tulsi Gabbard about how she would respond if Donald Trump asked her to be his vice president; her transformative journey and spiritual growth outside of politics; bipartisan friendships and her departure from the Democratic Party's shifting values; her experience campaigning for Republicans; her readiness to serve the nation if called, prioritizing country over party politics; and much more.
NYC is Letting Crime Surge… On Purpose
Recent perception in NYC is that crime is up, and that criminals are running rampant. On the other hand, official statistics contradict the experiences that have captivated mainstream conversations around safety, which has many New Yorkers wondering if the city is safe.
Medicare Annual Physical? Better WATCH OUT!
https://SeniorSavingsNetwork.org 1-800-729-9590 Call 24 hrs
Biden regime to spend $3,500,000,000 to ‘supercharge mass migration from the Middle East’
SEE: https://www.jihadwatch.org/2024/04/biden-regime-to-spend-3500000000-to-supercharge-mass-migration-from-the-middle-east; republished below in full, unedited, for informational, educational, & research purposes:
What could possibly go wrong? Jihad? Oh, you mean an interior spiritual struggle? What are you, some kind of “Islamophobe”?
“Ukraine-Israel Aid Bill Includes ‘$3.5 Billion to Supercharge Mass Migration from the Middle East,’” by Neil Munro, Breitbart, April 25, 2024:
President Joe Biden’s pro-migration border chief is opening new processing centers for Muslim migrants, amid pro-HAMAS riots in U.S. cities and just after Congress granted $3.5 billion more for migration within the $95 billion aid package for Ukraine and Israel.
“Not only did the ‘Foreign Aid’ package do nothing to secure our own border, it included $3.5 Billion to supercharge mass migration from the Middle East,” said a tweet from Sen. Eric Schmitt (R-MO)….
The package does not include any funds to help rebuild Americans’ border defenses against migration. but it does include $481 million to settle migrants in U.S. cities and $3.5 billion to expand migration programs worldwide.
The $3.5 billion was granted to the Department of State, which works with many international groups that feed and transport migrants on their way to the United States….
They are also using refugee funds to expand migration routes from many African and Muslim countries. In March, they pulled in 12,018 people from the Congo, plus 16,732 migrants from Muslim countries in Afghanistan, Syria, Pakistan, Iraq and Eritrea, according to a report by Stacker.com.
The inflow of Muslim migrants climbed rapidly under President Barack Obama. That inflow has helped to radicalize the Democratic Party and has imposed chaotic diversity on many communities, including elite universities and in Michigan….
TULSI GABBARD REPUBLICAN FROM DEMOCRAT VIDEOS
Thieves Loot Stores To Build Illegal NYC Market…
New York City just cleaned up one of the largest markets of shoplifted goods in a long time, but as youll soon see the market is already rebuilding itself, leaving many residents and businesses wondering if it's permanent...
Daily Dose: ‘Fact Checkers Can’t Be Trusted’ with Dr. Peterson Pierre
MUST SEE: ALL HELL BREAKS LOOSE as Trump Triumphs in Harlem, Incredible Crowds Chant His Name
Mourning Day: Netanyahu Couldn’t Hold Back Tears During his Statement! Hamas Eliminated All Hostages
NYC: Pro-Hamas thug smashes Israeli beauty queen in face, gives her a black eye
SEE: https://www.jihadwatch.org/2024/04/nyc-pro-hamas-thug-smashes-israeli-beauty-queen-in-face-gives-her-a-black-eye; republished below in full, unedited, for informational, educational, & research purposes:
Further adventures of those who claim they have the moral high ground.
“Israeli beauty queen who served on frontlines of war assaulted in NYC by Hamas-loving psycho,” by Jon Levine, New York Post, April 20, 2024:
Welcome to New York, Miss Israel.
A beauty queen who has been serving on the front lines of the Israel-Hamas war since the Oct. 7 massacre was assaulted during a pro-Hamas protest in Times Square, The Post has learned.
Noa Cochva, who was crowned Miss Israel in 2021, was smashed in the face with the butt of a protest placard during the March 30 rally, video showed.
Cochva, 25, had been in the Big Apple for several weeks speaking and doing advocacy work for Israel and was in Times Square that day with fellow Israel advocates — who had come to demonstrate as well.
“We just saw a huge pro-Palestinian rally, and we wanted to go and do our own thing . . . And then they recognized us when they saw our flag and they threw down our flag . . . and they came down and one of the guys hit me.
“I had a black eye, I have never had a black eye before,” she said.
Cochva, who is a combat medic in her homeland, received treatment in an ambulance after the assault.
Police on the scene told the beauty queen “we can’t do anything,” she said.
“I feel like if you’re a police officer, and you see a woman get hit in the face, you should probably find the guy because that’s your job.”…
Deep State Manufactured Trump Court Cases & Indictments with KrisAnne Hall
We'll take a look at who is really behind the chaos happening on college campuses around the nation. And the multitude of manufactured court cases and indictments against Trump is enough to make your head spin -- we'll break it down with KrisAnne Hall. Plus, over in Tennessee we have one small win for children's safety in schools. And California Governor Greasy Gavin Newsom -- released the most absurd propaganda piece regarding abortion in Alabama.
Catch the Full Episode on One America News Network or by downloading the OAN Live App!
Carl Higbie: The FBI shows little concern about our safety
On Wednesday's episode of "Carl Higbie FRONTLINE" Carl commended Speaker Mike Johnson's speech at Columbia University, ripping apart the FBI for not being concerned about actual threats to America, and more on NEWSMAX.
Speaker Johnson threatens to cut taxpayer funding for colleges
House Speaker Mike Johnson and House GOP members called out antisemitism at Columbia University and threatened consequences for the university.
Poll: Over Half Of Americans Support Large Deportations Of Illegal Migrants
Poll: Over Half of Americans Support Large Deportations of Illegal Migrants
OAN’s James Meyers
10:47 AM – Thursday, April 25, 2024
SEE: https://www.oann.com/newsroom/poll-over-half-of-americans-support-large-deportations-of-illegal-migrants/; republished below in full, unedited, for informational, educational, & research purposes:
A newly released poll has revealed that over half of Americans, which includes 42% of Democrats, support mass deportations of illegal migrants.
.According to an Axios Vibes survey by the Harris Poll, fifty-one percent of participants said they would support booting undocumented immigrants, as they have taken up taxpayer-funded resources that could be going towards the homeless and veterans of the U.S. instead.
The data also revealed 30% of Democrats and 46% of Republicans claimed they support ending birthright citizenship, which is guaranteed under the Constitution’s 14th Amendment.
21% of pollsters stated that their biggest fear surrounding illegal immigrants was “crime rates, drugs and violence.”
Additionally, 32% of respondents said that the Biden administration was “most responsible” for the current crisis at U.S.-Mexico border.
“I was surprised at the public support for large-scale deportations,” said Mark Penn, chairman of the Harris Poll.
“I think they’re just sending a message to politicians: ‘Get this under control,’” he said, noting that it was a warning to Biden that “efforts to shift responsibility for the issue to [former President Donald] Trump are not going to work.”
Meanwhile, over 7 million illegals have been encountered by the U.S. Customs and Border Protection (CBP) along the southern border since Biden took over the White House, according to the CBP. The data also showed 961,537 have been encountered this current fiscal year.
Biden has responded to the criticism by shifting blame towards former president Trump, even though Biden’s open border policies and halting of Title 42 led to the crisis.
In the meantime, Trump has made it clear that if re-elected, he will crack down on the problem at the border so that no more U.S. citizens will have to endure violence or murder, like former Georgia nursing student Laken Riley, or drug trafficking at the hands of illegal foreigners who bring fentanyl from Mexico and China.
The Harris Poll was taken in March and April, surveying 6,251 U.S. adults within plus or minus 1.5 percentage points using a 95% confidence level.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts