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Californians are fleeing in record numbers for red states like Texas, Arizona, and Nevada. New York City is emptying out as people with means relocate; many are going to Florida. For reasons only the Heavens know, there are normal people still living in Portland. It is not hard to see what is happening: People are fed up with the overreach of Democrat-monopolized government. Their policies are inhibiting the possibility of retaining personal independence and achieving any sense of self-fulfillment. This is on top of not being able to provide basic safety to citizens. Once these blue state refugees resettle, will...

“I’m finally not putting up with [paying] 60% to 70% of my gross to the government,” says Simmons. “I am going to a much more welcoming state where there is no income tax, no local and state taxes. Federal taxes are enough.”

A virtual rally in support of a proposed constitutional amendment to change Illinois' income tax system to a graduated-rate tax was sidetracked by Cook County President Toni Preckwinkle delivering a lengthy pitch for State’s Attorney Kim Foxx’s reelection. The rally of high-profile Democrats, hosted by the proposed amendment’s chief supporter, Gov. J.B. Pritzker, also featured Lt. Gov. Juliana Stratton alleging amendment opponents were billionaires fighting against “communities of color and women and working-class families all across the state.” But pro-amendment discussion, dubbed the “fair tax” by supporters, gave way when Preckwinkle, the Cook County Democratic Party chair and a strong...

Presidential candidate and former Vice President Joe Biden has said that he wants to lower taxes for the middle class. His plan would raise the corporate tax rate to 28%, require a true minimum tax of 21% on all foreign earnings on U.S. companies, levy a tax penalty on corporations that move jobs overseas, place a 15% minimum tax on book income, raise the top individual income tax rate to 39.6% (the current maximum is 37%), and require those who make more than $1 million annually to pay the same rate on investment income as they do on their wages....

Fox Business host Charles Payne expressed major concerns of the disastrous consequences Democratic presidential nominee Joe Biden’s leftist tax plan would inflict on Americans if it were ever implemented. During Tuesday’s Fox Business virtual town hall America Votes Together, a viewer submitted a question on whether 401(k)s would be taxed under Biden’s tax plan, despite the former vice president having dubiously claimed that “[n]obody making under $400,000 bucks would have their taxes raised.” Payne went for the jugular: “[T]here are all sort of schemes out there that I think will amount to fewer people actually using these plans and fewer...

The Biden tax plan is a horrible idea. As with all schemes that would raise taxes on the American populace, it would severely limit economic growth because it would divert resources from investments to wasteful and failing government programs.

President Donald Trump said during a stop on the campaign trail Monday that he will double down on his pro-American domestic policy if he is reelected to a second term in office in November’s election, delivering a promise to “cut middle class taxes even further.” The President’s remarks came during a campaign rally in Martinsburg, Pennsylvania, the latest in a series of rallies across the Commonwealth, which is widely viewed as a key battleground state. “And in my second term I will cut middle class taxes even further,” President Trump stated, eliciting uproarious applause from the crowd.

“If you elect me, your taxes are going to be raised, not cut.” "And here’s how it works. I’m going to raise taxes.” “You’re going to get a tax raise.” — Democratic presidential nominee Joe Biden, misleadingly quoted in a Trump television ad, released Oct. 19 The Trump presidential campaign is the master of the mischievous clip job. Time after time, the president’s campaign has released ads that snip and clip Biden’s speeches and remarks to make the former vice president appear to say the opposite of what he was saying.... But Biden is not planning to raise everyone’s taxes...

The polls may be tightening as the 2020 presidential election is just over a week away, but Democratic nominee Joe Biden and his top advisers are already laying out an aggressive economic agenda that would make raising taxes their top and immediate priority if the former vice president is elected, FOX Business has learned. Biden continues to tell Wall Street supporters his sweeping plan for tax increases on wealthy individuals and corporations will likely be introduced as legislation almost immediately upon taking office despite the nation’s pandemic-induced economic slowdown, people familiar with Biden’s campaign strategy tell FOX Business. Biden advisers...

Businesses and wealthy individuals are preparing for the potential for former Vice President Joe Biden to raise taxes if he wins the presidential election. **SNIP** Businesses interested in keeping their taxes as low as possible may be considering accelerating their income so it is subject to the current, lower rates but defer deductions until after any tax increases are enacted. Owners of pass-through businesses may be considering speeding up the sale of their assets or their companies in order to use the current capital gains tax rates. Tax and finance professionals said that some business owners have already started to...

Hedge fund billionaire Ken Griffin slammed Democratic Gov. J.B. Pritzker as “a shameless master of personal tax avoidance” Thursday in an email to his Chicago employees that criticized the governor’s push for a graduated-income tax rate amendment. “I am not willing to stand by as, once again, spineless politicians try to sell a trick disguised as a solution. Particularly not from a governor who, having inherited a great deal of wealth, has worked so diligently to avoid paying taxes himself,” Griffin wrote in an email obtained by the Tribune, which was verified by a company spokesman. “Not only does he...

When I heard that Democratic presidential hopeful Joe Biden was proposing to raise taxes by $3.2 trillion over 10 years, I flashed back to Walter Mondale and thought: My, how things have changed. Mondale, like Biden, was a former vice-president and political moderate who was looking to gain the Oval Office. Mondale, in what was sadly—for him—the most memorable phrase of his 1984 campaign against Ronald Reagan—explicitly promised to raise taxes. In what has since been known as the Mondale moment, he said this: “Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did."...

Democratic presidential candidate Joe Biden’s proposed tax increases of nearly $4 trillion over the next 10 years, if passed, “would be the highest in American history – indeed, in world history,” an analysis of his plan determined. A separate analysis by the nonprofit, nonpartisan, Washington, D.C.-based Tax Foundation found that Biden’s tax plan would reduce the economy’s size by 1.47 percent in the long run. It would also shrink capital stock by just over 2.5 percent and reduce the overall wage rate by a little over 1 percent, resulting in a loss of 518,000 full-time jobs. His plan would raise...

In 2019, according to the Consumer Expenditure Survey published by the Bureau of Labor Statistics, Americans on average spent more on taxes than they did on food, clothing, health care and entertainment combined. Bottom line: Funding their local, state and federal governments cost Americans more on average last year (which was before the COVID-19 pandemic hit) than making sure their families were fed, clothed, had health care -- and could keep a dog or cat, buy toys for their kids, pay for cable TV and attend an occasional baseball game or movie. For each of the last seven years, the...

In this era of Covid, media distemper, "calling of lids," Russian collusion, and Ukraine fracking email scandals, it is difficult for more conventional campaign issues to come to the fore in this election. I mean let’s be honest, education spending and infrastructure projects, for example, are not likely to nudge topics like crack-fume-infused laptops off of the front page of news sites.  Granted, while economic policy is not the sexiest of debate topics, it would serve President Trump well to invoke the issue on Thursday in his final debate with Biden. Joe has proposed some rather extreme measures that should...

High earners in New York and New Jersey could see federal and state tax rates of more than 58 percent under former Vice President Joe Biden’s tax proposals, according to an analysis of the plan. While Biden would slice taxes for Americans earning under $400,000, those making more than that would face double-digit increases, the Washington, DC-based Tax Foundation found. The Empire State could see a 58.2 percent increase, while New Jersey’s would rise to slightly more than 60 percent and California would hit 62 percent, according to an analysis by Jared Walczak of the Tax Foundation. In the Big...

IM OUT”: Rapper 50 Cent Melts Down Over Biden-Harris Tax Plan, Endorses Trump Tyler Durden Mon, 10/19/2020 – 19:40 Rapper 50 Cent has taken to Twitter to endorse President Trump after losing his mind over the Biden-Harris tax plan, which would result in a top tax rate of 62% in New York City. (VOTE ForTRUMP) IM OUT,” tweeted the rapper, whose real name is Curtis James Jackson III. “I don't care Trump doesn't like black people 62% are you out of ya swear word mind.” WHAT THE swear word . ;I don't care Trump doesn't like black people 62% are...

Apprised of Gallup poll results showing that 56% of voters say they are better off than they were during the Obama Administration's last year, Democratic presidential candidate Joe Biden advised these people "not to vote for me. Such a belief is a warning sign of mental deficiency. These people shouldn't be voting. They'll just muck up the results." "I know polls show that only a third of Americans rated the economy as good or excellent during the Obama years and that nearly two-thirds said this about the Trump years, but to me the Obama years were great years," Biden insisted....

Joe Biden and Kamala Harris have been working hard to make voters forget the full agenda they have repeatedly touted in appearances, debates, and online. An agenda that we now know would cost Americans $36 trillion over 10 years, according to the new Battleground States 2020 study by the James Madison Institute. Biden and Harris are pretending they don’t support banning fracking. They have vowed 22 times to “eliminate” the Tax Cuts and Jobs Act, while pretending they would not raise taxes on middle income households.  The reason for all this cognitive dissonance? Joe Biden needs the votes of Americans...

Chicago Mayor Lori Lightfoot is considering a $94 million property tax increase, layoffs for more than 300 city workers and a gas tax hike as part of her plan to close a $1.2 billion budget deficit, sources told the Tribune. Lightfoot also is considering about $500 million in refinancing city debt to help close the deficit, sources said.