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Trump declares opioids from Mexico, China 'almost a form of warfare,' tells Sessions to sue drug makers

Calling opioids coming into the U.S. from China and Mexico "almost a form of warfare," President Trump on Thursday urged Attorney General Jeff Sessions to investigate foreign sources of fentanyl that he said are "killing our people."
2018/08/16 16:45

Lara Trump blasts Omarosa ‘betrayal,’ calls latest tape a ‘fraud’

Lara Trump tore into her old friend Omarosa Manigault Newman on Thursday after she released a tape of the president's daughter-in-law offering her a job on the 2020 campaign shortly after being fired from the White House.
2018/08/16 15:01

What are security clearances and why do some former officials still have them?

President Trump abruptly revoked the security clearance of former CIA director John Brennan this week, and he threatened to strip a bevy of other former national security officials of theirs as well.
2018/08/16 13:49

Trump's revocation of Brennan's security clearance leaves lawyers asking if former CIA chief can appeal

President Trump’s revocation of former CIA Director John Brennan’s security clearance has set off a debate among lawyers: does Brennan have the right to appeal the decision?
2018/08/16 13:41

Top Dem Clyburn confirms intention to run for speaker if Pelosi wobbles

Rep. Jim Clyburn, the third-ranking House Democrat, confirmed his intention to run for speaker of the House if his party takes the chamber in November and Nancy Pelosi struggles for support.
2018/08/16 12:02

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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%!