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Putin thanks Trump by phone for info that thwarted terror attack, WH confirms

Russian President Vladimir Putin called President Trump on Sunday to thank him for providing intelligence that helped thwart a planned terror attack in St. Petersburg, the White House has confirmed.
2017/12/17 12:32

Trump lawyer Cobb says Mueller 'won't be fired' by Trump, dispelling 'rumor'

President Trump’s legal counsel Ty Cobb says the president is not going to fire special counsel Robert Mueller, in response to a “rumor” that Trump will dismiss Mueller this week.
2017/12/17 11:39

Jones supports DACA, says it’s time for GOP opponent Roy Moore to ‘move on’

Newly-elected Democratic Sen. Doug Jones gave qualified support Sunday to liberal-backed issues like continued protections young illegal immigrants and not using taxpayer money for a U.S.-Mexico border wall but suggested he wants to wait until being sworn in next month before taking on such “complicated” issues.
2017/12/17 10:54

Mnuchin says 'no doubt' Congress will pass tax reform bill this week

Treasury Secretary Steve Mnuchin predicted Sunday that the GOP-led Congress will this week pass its sweeping tax-reform bill, calling the plan “terrific” and its passage a “historic moment” for the country.
2017/12/17 09:24

Jane Fonda donates $100G in bid to defeat California Rep. Issa

Count Jane Fonda as the latest liberal Hollywood celebrity to donate big bucks in an effort to oust U.S. Rep. Darrell Issa in next year's midterm elections.
2017/12/17 06:30

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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%!