Trump has outlined his plans for federal taxation. “I will make the Trump tax cuts permanent.......
they expire in a year. And we will cut your taxes even more than that,” he said
in North Charleston, SC, on Feb. 14, 2024. Trump made the direction clear. Lower.
A huge Biden negative, his plans for massive tax increases
Biden made his tax plan clear: to wallop Americans with a $5T tax increase; his written plan calls for:
<><>a small business tax hike,
<><>a corporate tax hike, a capital gains and dividends tax hike,
<><>income tax hikes,
<><>energy tax hikes
<><> and a second Death Tax on top of his first one.
Biden would increase the corporate income tax from today’s 21% to 28%. That’s a higher tax rate than communist China and France and the U.K., each at 25%.
Now add the average state corporate income tax at 4% and the average combined Biden rate would be 32%. That would be the second-highest corporate income tax in the developed world. Just below Colombia.
Households bear the burden of the corporate income tax in the form of higher prices and slower wage growth. Companies do not simply absorb the tax, it is passed on to all of us.
Biden also promises to increase the tax on Subchapter S corporations, partnerships and all “pass through” businesses, most of them small businesses, to 39.6%. These employers pay their taxes through the personal income tax rate, not the corporate rate.
(Excerpt) Read more at foxnews.com ...
Three’s a crowd on a presidential ballot.......Biden’s getting nervous.
Eight years ago, Hillary Clinton, smarting from her surprise loss to then-reality star Donald Trump, started apportioning blame to 2016 Green Party nominee Jill Stein, contending she siphoned much-needed votes from her.
Now, with Stein poised to be on 2024 general election ballots, President Joe Biden appears to be heeding Clinton’s advice to take third-party and independent candidates seriously amid extremely close, margin-of-error polling between himself and Trump before this November.
The Green Party will be on the ballot in the key battleground states of Arizona, Michigan, North Carolina, and Wisconsin, with the potential of Georgia, though the party has only been able to mount write-in campaigns there in the past, Nevada, and Pennsylvania. The Green Party has not been on Nevada’s ballot since 2008, but it was on Pennsylvania’s ballot in 2012 and 2016 before organizing a write-in campaign in 2020.
But as the Green Party and Stein, who is tipped to become her party’s nominee after Cornel West decided last fall to continue his 2024 presidential run as an independent, keep up their campaign for broader ballot access, the Democratic National Committee has stood up a special team, led by top strategists Ramsey Reid, Mary Beth Cahill, and Lis Smith, to counteract their efforts.
“We find it both offensive and pathetic that the Democrats are choosing to use their vast resources, acquired in large part through their donors in the fossil fuel industry and the war machine, to impede democracy rather than support it,” Stein campaign manager Jason Call told the Washington Examiner. “If Democrats were truly committed to voters and progressive policies, they would be working to solve the real problems Americans face.”
“Voters deserve better, and we intend to give them that choice,” Call said. “Votes are not owned; they are earned.”
(Excerpt) Read more at washingtonexaminer.com ...