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Trump to propose merging Labor, Education departments, report says

The Trump administration will propose merging the Labor Department with the Education Department as part of a larger effort to reorganize the federal government, The Wall Street Journal reported late Wednesday.
2018/06/20 22:45

Fate of immigrant children separated from families unclear after Trump executive order

The Department of Health and Human Services backed away late Wednesday from an official's claim that more than 2,000 immigrant children separated from their parents at the U.S.-Mexico border would not be reunited with their families right away despite President Trump's executive order aimed at keeping families together.
2018/06/20 21:30

Publisher of National Enquirer subpoenaed in Michael Cohen probe, report says

Federal authorities have subpoenaed the publisher of the National Enquirer for records related to its $150,000 payment to a former Playboy model for the rights to her story alleging an affair with Donald Trump, according to people familiar with the matter.
2018/06/20 20:45

Democrats slam Trump's executive order for detaining families 'indefinitely'

Democrats expressed concerns Wednesday about President Trump's executive order, which will allow parents who have crossed the U.S. border illegally to remain with their children.
2018/06/20 20:45

GOP scrambles to find solution to family separation policy with eye on midterms

Republican lawmakers fighting to maintain their majorities in Congress after November’s midterms are scrambling for a solution to a problem they see as a political loser: existing laws that allow border crossing children to be separated from their parents.
2018/06/20 20:30

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He will greatly expand government and raise taxes for most Americans.


Obama would uncap Social Security tax, which is currently capped at $102,000. This would have a dramatically negative effect on small business owners and those self-employed, and may literally drive thousands of American business out of business. Furthermore, Obama will increase the Social Security tax up to 12.4% which would increase the top marginal tax rate from 44.6% to a whopping 62.8%.

As Kimberly Strassel wrote in the Wall Street Journal: "Mr. Obama is hawking a tax policy that would take the nation back to the effective marginal tax rates of the Carter days. He wants to further tax income, payroll, capital gains, dividends and death. His philosophy is pure redistribution."

By simultaneously increasing payroll taxes and capital gains taxes, Obama would ensure a rush of small and mid-sized businesses off our shores and into the hands of welcoming foreign countries that would support the flourishing of same business and offer them much more favorable tax incentives. That loss of business in America would drastically increase the unemployment rate which would further drag down aggregate GDP.

Contrary to Obama's claims, Obama actually will raise aggregate taxes more on poor people than rich people. The following are conclusions of a study done by the non-partisan tax watchdog group, Americans for Tax Reform:

On earned income tax, Obama will only tax the rich slightly more than would McCain, with McCain's plan calling for a 35% top rate and Obama's calling for a 39.6% top rate. However, the lowest tax rate under the Obama plan will increase by 50% - from 10% to 15%; whereas McCain would keep it at its current 10%.

On Capital gains from the sale of stocks and real estate, McCain would keep the rate at 15% and Obama would raise it to 20%. This will take a disproportionate toll on the upper-middle class, which has most of its liquid assets in stocks and other securities.

On dividends, McCain would keep the current tax at 15% and Obama would increase it to a whopping 39.6%.

McCain would eliminate the marriage penalty for household incomes under $150,000; Obama would apply a full marriage penalty from dollar one.

On the death tax, McCain would make the first $5 million exempt, and anything above that would be taxed at a rate of 15%. Obama would only exempt the first $1 million, and the remainder would be subject to a whopping 55% tax rate.

Obama's tax plan would decimate small businesses. Whereas McCain would keep the self-employment maximum tax rate at 37.9%, Obama would drastically increase it to 54.9%!