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Friday, January 25, 2019

Shutdown Over Temporarily

BREAKING: Trump 

Announces a Deal to 

Reopen the Government

Katie Pavlich
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Posted: Jan 25, 2019 2:20 PM
BREAKING: Trump Announces a Deal to Reopen the Government
President Donald Trump announced a deal to end the partial government shutdown from the Rose Garden Friday afternoon. Federal workers will receive back pay immediately.
“I am very proud to announce we have reached a deal to end the shutdown and reopen the federal government," Trump said. "In a short while I will sign a bill to open the government for three weeks."
"I want to thank all of the incredible workers and their amazing families who have showed extraordinary devotion in the wake of the hardship," Trump said. 
President Trump will sign a continuing resolution that will fund the government until February 15. In the meantime, the White House will continue negotiations with lawmakers over border security. He assured that Democrats have promised border security, with barriers being part of a negotiated package. Opening the government today does not include any down payment or funding for the wall.
"Walls should not be controversial," Trump. "No border security works without barriers."

OOPs Look Like It Is A Loss!

 Michael Ramirez for 1/25/2019

This Is The Same Lie They Told Us About Social Security And Income Tax--Only For The Very Rich

Presidential Hopeful Elizabeth Warren the Latest Dem to Propose ‘Wealth Tax’

Presidential Hopeful Elizabeth Warren the Latest Dem to Propose ‘Wealth Tax’
It seems Alexandria Ocasio-Cortez isn’t the only Democratic lawmaker intent on raising taxes on the wealthiest Americans.
Sen. Elizabeth Warren (D-Mass.), who has already announced her intentions to run for president, will soon propose a new “wealth tax” on Americans who have more than $50 million in assets, according to a report by the Washington Post.
Rep. Ocasio Cortez (D-N.Y.) recently floated a 70 percent tax on earnings above $10 million, and billionaire Bridgewater founder Ray Dalio said this week her idea would catch on.
Warren’s tax would levy an additional 2 percent tax on Americans with assets above $50 million, and a 3 percent tax on Americans with assets above $1 billion.
The wealth tax would reportedly raise $2.75 trillion over a 10-year period and affect about 75,000 U.S. families — less than 0.1 percent of U.S. households.
Warren is positioning herself as a champion for the middle class heading into the 2020 presidential election.
Per the Washington Post:
“The Warren wealth tax is pretty big. We think it could have a significant affect on wealth concentration in the long run,” Saez said in an interview. “This is a very interesting development with deep root causes: the fact inequality has been increasing so much, particularly in wealth, and the feeling our current tax system doesn’t do a very good job taxing the very richest people.”
Warren’s proposal includes at least three new mechanisms to combat tax evasion, according to a person familiar with the plan. Those are a significant increase in funding for the Internal Revenue Service; a mandatory audit rate requiring a certain number of people who pay the wealth tax to be subject to an audit every year; and a one-time tax penalty for those who have more than $50 million and try to renounce their U.S. citizenship.
Warren’s wealth tax proposal reflects the Democratic Party’s leftward drift on economic policy and tax issues. Democratic politicians have traditionally shied away from proposing how they would raise revenue, for fear of being branded “tax and spend” liberals, said Jim Manley, who served as an aide to former Senate Majority Leader Harry M. Reid (D-Nev.).
Saez and Zucman earlier this week published an op-ed in the New York Times about Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) proposal to raise marginal tax rates to 70 percent on income above $10 million, a plan the economists said would help combat an “inequality crisis” akin to climate change.
“It’s a pretty dramatic change that shows how much the party has evolved,” Manley said. “It’s not where everyone in the party is now, but it’s an awful lot of people.”
Republicans are likely to seize on the plan as another example of Democrats looking to tax Americans’ hard-earned gains, even though it would apply to only a tiny percentage of the population. In their major tax overhaul passed December 2017, Republicans significantly hiked the threshold for the federal estate tax – exempting estates with assets of $11.4 million (in 2019) or less from paying it. They have often referred to this provision, which affects several families a year, as the “death tax.”
Saez said the proposal came together quickly over the course of the last two weeks, while adding the economists have spent years considering how to enact a wealth tax.
Saez and Zucman initially evaluated a proposal at Warren’s request to levy a 1 percent wealth tax on income above $10 million, rather than a 2 percent wealth tax above $20 million, according to a Jan. 14 letter the economists sent to Warren. That letter was obtained by The Washington Post.
According to people familiar with the matter, Warren’s team has considered multiple different proposals with various rates.
In recent decades the taxation of wealth has fallen out of favor in the world’s richest countries. In 1990, 12 member countries of the Organization for Economic Co-Operation and Development imposed some form of wealth tax.
By 2017, that number had fallen to just four: France, Norway, Spain and Switzerland. That decline has been mirrored by a decline in the taxation of high incomes, as well as a rise in inequality, according to the OECD.
The OECD report concludes that the merits of a wealth tax depend in part on how a country taxes capital gains — the income accrued from capital — and estates. Overall, it recommends that “tax exemption thresholds should be high to ensure that the net wealth tax is only levied on the very wealthy,” and that “tax rates should be low and take into account tax rates on capital income to avoid imposing excessively high tax burdens on capital so as to prevent capital flight.”
Estimates of how much money can be raised by taxing the very rich vary dramatically. The Institute on Taxation and Economic Policy, a left-leaning think tank, published a report on Wednesday finding that a 1 percent wealth tax on the wealthiest 0.1 percent of Americans would raise $1.3 trillion over a decade. That would affect U.S. households with wealth above $32.2 million.
But conservatives have warned that high taxes on the very rich will stifle growth, lead to capital flight, and produce relatively minor revenue gains. Earlier this month, the right-leaning Tax Foundation found that Ocasio-Cortez’s plan for a 70 percent tax rate would either only raise $189 billion in revenue over 10 years, or lose the federal government $63.5 billion.
The Tax Foundation has also warned against wealth taxes, arguing that “capital accumulation is an essential ingredient for economic growth,” that wealth inequality does not harm the economy, and that wealth rewards entrepreneurs who take risks.
Since announcing her presidential bid, Warren has pitched herself a champion of the working class against elites, arguing “billionaires and big corporations” have rigged the political and economic system to their advantage. The possibility of a wealth tax proposal comes on top of her plan to force corporations to have 40 percent of their board of directors selected by company employees, as well as her support for Sen. Bernie Sanders’ (I-Vt.) plan to provide “Medicare-for-all” by nationalizing the health insurance industry.
The wealthiest 1 percent of families currently face a total tax burden, including state and local taxes, of about 3.2 percent relative to wealth, Saez and Zucman write in their letter.
The bottom 99 percent of families currently has a tax burden of 7.2 percent relative to their wealth, the economists say.
“One of the key motivations for introducing a progressive wealth tax is to curb the growing concentration of wealth,” Saez and Zucman wrote to Warren in their Jan. 14 letter. “The top 1 percent wealth share has increased dramatically from about 22 percent in the late 1970s to around 40 percent in recent years. Conversely, the wealth share of the bottom 95 percent of families has declined from about 50 percent in the late 1970s to about 40 percent today.”

There Are Thinkers And Those Who Don't

 Michael Ramirez for 1/24/2019

More Restrictions On Conservative News

Microsoft Inserts Establishment News Filter Into Web Browser

Published
  
on
 
Microsoft has installed a new news filter into its Edge mobile web browser, which provides users with uninvited assessments of the credibility of various news outlets. Predictably, the scoring of Microsoft’s filter is heavily biased towards establishment and legacy media outlets.
Microsoft’s filter, called “Newsguard,” assigns a “red,” or unreliable, scoring to several outlets that present a conservative or anti-establishment perspective. Some platforms it deems to be dangerous to Edge users include Breitbart, the Daily Mail and Drudge Report.
All of these platforms are widely popular and well read, with the Daily Mail being the third-highest circulating digital news outlet in the United Kingdom, and the Drudge Report serving as the most widely viewed news aggregator in the United States for at least a decade.
Wikileaks is also given a red scoring for supposed unreliability, despite never releasing inauthentic documents and serving as a neutral political accountability platform.
Ironically, some of the outlets given a “green” or credible scoring by Microsoft’s Edge filter have a track record of spreading some of the infamous fake news stories in recent memory. Buzzfeed was laughably assessed as credible- despite getting busted promoting a totally fake conspiracy theory about President Trump instructing Michael Cohen to lie to Congress about his plans to build a Trump Tower in Moscow.
Microsoft’s news filter extension- hoisted upon the browser without any input from users requesting its implementation- represents the latest attempt from big technology companies to control and siphon the political content viewed by its consumers. No longer do companies such as Microsoft seek to offer a service to people as their defining mission, instead opting to create an environment where their behavior can be controlled by small teams of centrally-located corporate authoritarians.
Leading neoconservatives and career establishment foreign policy operatives such as Deep State-linked former CIA Director Michael Hayden are said to have played a role in the design and implementation of Microsoft’s new news filter, according to a report by Breitbart’s Allum Bokhari.

AOC Ain't What She Pretends To Be

Ocasio-Cortez Brags About Her Accomplishments on Her Birthday. Here’s What She Left Out.

Nothing says selfless public servant like bragging about your accomplishments on your birthday.
Alexandria Ocasio-Cortez, who has quickly become one of the most hilarious things that has happened all year, a gift that just keeps on giving, seems to have taken a page out of Hillary Clinton’s book on how she chose to acknowledge another year gone by on Twitter.
We all remember this gem:
Here are AOC’s birthday wishes to herself, from Saturday:
Hilariously self-serving, of course, and also just as optimistic as dear ol’ Hill.
AOC’s humble brag about how hard-working she is were quickly scrutinized by the kind of people who have been laughing along as long as she’s been in the public eye, and the good folks over at Town Hall decided to flesh out her claims a little bit.
Here’s what she left out:
• When she was five she moved from the Bronox to Yorktown Heights, where the average household income is $141,254.
• She attended Boston University, a private college where tuition alone currently sits at $52,816 (and no, that doesn’t include room and board, books, fees, etc).
• While in college she interned for U.S. Senator Ted Kennedy and handled foreign affairs and immigration casework for his constituents.
• She campaigned for Bernie Sanders in 2016.
• After the 2016 election she drove across the country to talk to people in Flint, Michigan about the water crisis there and to the Dakota Access Pipeline protests to talk with protestors.
• She worked for the National Hispanic Institute, a nonprofit organization that fights for the civil rights of hispanics, as the Educational Director of the 2017 Northeast Collegiate World Series.
Does this sound like the average 29-year-old, working-class Queens resident to you?
Not really. Sounds more like a privileged millennial who was given far more opportunities and had many more advantages than the vast majority of her Queens constituents, but she’s still trying to pass herself off as one of them.
She hasn’t overcome very much adversity in her life, and it’s an insult to the people she tries to identify with to suggest she is.
But while she may not be very impoverished or disadvantaged, all these false pretenses certainly make her an authentic socialist. She’ll be in good company with the likes of Bernie Sanders and Elizabeth Warren, the vastly wealthy Congressional progressives who sit comfortably in the 1% while calling for other people to fork over their hard-earned.
Watch–she’ll have a lucrative book deal in no time.