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Fauci vents about Americans' opposition to forced masking: 'It's almost inexplicable'

Dr. Anthony Fauci lamented that Americans often value their liberty over forced masking policies, saying the issue was "inexplicable" during a talk Tuesday.
2022/08/10 15:34

El Salvador president rips FBI Trump raid, questions what US gov't would say if his police targeted candidates

El Salvador President Nayib Bukele questioned what the U.S. government would say if his nation's police raided the home of the main possible contender in its 2024 presidential election.
2022/08/10 15:28

Adams ramps up pressure on Biden admin to help NYC with migrant surge: "We just need help’

New York City Mayor Eric Adams says that the Big Apple needs help with the surge in migrants coming to the city, and is urging the federal government to do more.
2022/08/10 14:44

Sen. Bennet's midterm ad depicts him as an outdoorsman, but it was filmed on a 24-hour fishing license

Sen. Michael Bennet reportedly purchased a 24-hour fishing license for a new campaign ad depicting the wealthy businessman as an outdoorsman ahead of the midterm elections.
2022/08/10 14:27

Biden signs bipartisan burn pits legislation saying it's the 'least we can do' to support veterans

President Joe Biden on Wednesday signed the bipartisan PACT Act to deliver more timely benefits and services to veterans exposed to toxic burn pits.
2022/08/10 14:18

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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%!