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Thursday, January 9, 2025

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Combined Capital Gains Tax Rate in NY Would Hit 54.3% Under Biden Plan

(The Center Square) The combined state and federal capital gains tax rate in New York would rise from the current 34.7 percent to 54.3 percent under President Joe Biden’s American Families Plan, according to a new study from the Tax Foundation. That increase, which would include federal, state and local taxes on...

Texas, Fla., Alaska Sue CDC for Keeping the Cruise Industry Shut Down

(Brianna Kraemer, The Center Square) Texas Attorney General Ken Paxton filed a motion on Thursday to join Florida’s lawsuit against the ongoing sailing orders issued by the Centers for Disease Control and Prevention which have prevented cruise lines from restarting business. The cruise industry has been hit hard by the pandemic over...

DISASTER: Jobs Report Has Unemployment Ticking Upward, Against Forecasts

(Headline USA) America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers. President Joe Biden’s relief package added $300 to weekly unemployment benefits. Bank of America economist Michelle Meyer calculated that for people who earned under $32,000...

REPORT: House Democrats are Tax DELINQUENTS on Their DC Properties

Several House Democrats have been penalized for failing to pay their Washington, D.C. property taxes, the Washington Free Beacon reported. Among the guilty is Rep. Vicente Gonzalez, D.-Texas, who owed a combined $9,145.61 on his two listed D.C. homes. Democrats John Garamendi of California, Sean Casten of Illinois, Andy Kim of...

Far-Left New Jersey Drives ANOTHER Fortune 500 Company to Texas

Another Fortune 500 company, NRG Energy, has announced a move to Texas, largely due to restrictive blue-state regulations, KHOU-11 reported. Texas has benefited greatly from companies across the United States abandoning blue states, seeking freer places. NRG's currently splits its headquarters between Princeton, New Jersey, and Houston, Texas. But because of...

SURPRISE! Actual Cost of Biden’s Spending Plan Far Exceeds Estimates

(Headline USA) As if their $6-trillion-plus price tag weren't bad enough, President Joe Biden’s growing list of federal spending proposals may be even more expensive than previously thought. The University of Pennsylvania Wharton Business School released a report Wednesday that included some eye-popping figures for Biden’s latest spending proposal, the...

Ark. Ends Sales Taxes on Gold and Silver; Additional States May Soon Follow

(Jp Cortez, Sound Money Defense League) By signing sound money legislation today, Arkansas Gov. Asa Hutchinson has officially ended sales taxation on gold, silver, platinum, and palladium bullion and coins– thereby setting an example for legislators in New Jersey, Maine, Ohio, and Tennessee, who are still considering similar measures in their...

AT&T CEO Defends Subsidiary CNN’s Bias by Pointing to Its Emmy Wins

AT&T CEO John Stankey defended his company's ownership of CNN by falsely claiming that the propaganda network meets "rigorous journalistic standards for accurate and truthful reporting," according to the National Center for Public Policy Research.. Stankey said AT&T is "proud" that CNN has "the most respected brand in news today." "And over...

Goldman Sachs CEO to Adopt Woke Investment Strategy, Ignore ‘Fiduciary Duty’

Goldman Sachs CEO David Solomon has committed his company to environmental, social, and governance (ESG) investing, a progressive strategy that places woke ideology above corporate success, the National Center for Public Policy Research's Free Enterprise Project reported in a press release. The company announced that it will invest $750 billion...

Inflation: A White House Warning

(David Morgan, Money Metals News Service) Long before the “New Normal” propelled U.S. national debt at warp speed to $28 trillion (and counting) via COVID-19 corrective measures, inflation was a major topic of concern. The more Treasury securities the Federal Reserve buys from the government’s reserve, the more the process hinges...

‘Socialist’ Seattle City Council Members are Now Worth MILLION$

(Brad Polumbo, Foundation for Economic Education) It’s always funny when some of the most prominent, self-described socialists in America leverage their advocacy for socialism into becoming multi-millionaires. (I’m looking at you and your three houses, Bernie Sanders). The latest example of this comical yet revealing pattern comes courtesy of the Seattle City...

Your Grocery Bills Are Going Up (and are Only Expected to Get Bigger)

(Hannah Cox, Foundation for Economic Education) Americans spent a lot of money on groceries over the past year—and it isn’t just because they were eating more meals at home. According to the Bureau of Labor Statistics, food prices jumped 3.9 percent in 2020, nearly triple the rate of inflation. Unfortunately, this trend...
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