Latest News

Trump's White House chief of staff: Who's in the running to replace John Kelly?

Here’s a look at seven men rumored to be under consideration as the next White House chief of staff.
2018/12/10 10:20

Trump calls Michael Cohen payouts a ‘simple private transaction,’ denies they were campaign contributions

An expert campaign finance lawyer said in an interview published Monday that he is not impressed with the Department of Justice's evidence that effectively links President Trump to campaign finance violations after the recent release of the Michael Cohen sentencing memo.
2018/12/10 04:24

Corsi sues Mueller over alleged grand jury leaks, seeks $350M in damages: report

Jerome Corsi, the conservative author accused of lying under oath to Special Counsel Robert Mueller’s investigators, filed a federal lawsuit late Sunday accusing Mueller of leaking grand jury items and various constitutional violations, including illegal surveillance, reports said.
2018/12/09 23:41

Comey: Trump is lucky a sitting president can’t be indicted for being linked to Cohen case

Former FBI Director James Comey said Sunday in an interview that President Trump, if it's proved that he directed illegal hush-money payments to women, would be in violation of campaign finance laws, but he is lucky that the rule of the Justice Department remains that a sitting president cannot be indicted.
2018/12/09 22:16

Bob Bergland, former agriculture secretary, dies at 90

 Former U.S. Agriculture Secretary Bob Bergland, a farmer from northern Minnesota who was tasked with selling President Jimmy Carter's unpopular Soviet Union grain embargo to other farmers, died Sunday. He was 90.
2018/12/09 19:06

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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%!