Economics

Biden Planning First Tax Hike in 30 Years

Biden Planning First Tax Hike in 30 Years

Biden Planning First Tax Hike in 30 Years. President Joe Biden is reportedly preparing to follow up with his controversial COVID-19 stimulus bill with his plan for the “first major federal tax hike” in nearly three decades.

“Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source,” Bloomberg News reported. “While it’s been increasingly clear that tax hikes will be a component — Treasury Secretary Janet Yellen has said at least part of the next bill will have to be paid for, and pointed to higher rates — key advisers are now making preparations for a package of measures that could include an increase in both the corporate tax rate and the individual rate for high earners.”

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US spending and income skyrockets

US spending and income skyrockets

US spending and income skyrockets.

U.S. consumer spending and personal income both increased more than expected in September, with higher wages, growth in owner-operated business profits, and remaining pandemic aid contributing to the income boost.

The Commerce Department said in a release Friday that personal consumption expenditures (PCE), a reflection of household spending on goods and services, rose by $201.4 billion in September, or 1.4 percent month-over-month. Economists polled by Reuters predicted consumer spending would rise 1 percent in September.

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33.1% GDP 3Q growth is unprecedented

33.1 percent GDP 3Q growth is unprecedented

33.1% GDP 3Q growth is unprecedented. US economic growth shatters record at 33.1%, but fails to snap coronavirus recession.

National Economic Council Director Larry Kudlow breaks down the latest GDP numbers, coronavirus shutdowns and stimulus talks.

The U.S. economy grew at a record-shattering pace in the third quarter as businesses reopened from the coronavirus shutdown, but the nation remains in a deep hole from the COVID-induced recession.

Gross domestic product, the broadest measure of goods and services produced across the economy, surged by 33.1% on an annualized basis in the three-month period from July through September, the Commerce Department said in its first reading of the data Thursday. The previous post-World War II record was a 16.7% increase in 1950.

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Trump Bull in the China Shop

Trump Bull in the China Shop

Trump Bull in the China Shop. The force of a bull has become necessary put tariffs on China to save U.S. economy and jobs by bringing back manufacturing.

Dictionaries define “a bull in a China shop” pejoratively as a clumsy person causing damaging results. However, the 2016 election brought another angle to bear, namely that the amazing destructive force of a bull had become necessary to upend the established modus operandi of the powers that be in DC.

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Cultural Marxism

utah blm founder us flag a hate symbol

Utah BLM Founder: US Flag a Hate Symbol

THE EPOCH TIMES
Utah BLM Founder: US Flag a "Hate" Symbol. In a Facebook post made on Independence Day, Utah’s Black Lives Matter (BLM) Chapter wrote that the American flag is “a symbol of hatred” and those flying are “racist.” “When we Black Americans see this flag, we know the person flying it is not safe to be around,” the post… Read full article
hungary pm eu promoting transgender colonialism

Hungary PM: EU Promoting 'Transgender Colonialism'

NEON NETTLE
Hungary PM: EU Promoting 'Transgender Colonialism'. Prime Minister Viktor Orbán slams EU leaders for meddling in new laws. Hungary's populist Prime Minister Viktor Orbán has warned that transgender "colonialism" is threatening the way of life for his people. PM Orbán slammed European Union (EU) leaders as… Read full article

Black Father Demolishes Critical Race Theory by Asking One Question

TRENDING POLITICS
Black Father Demolishes Critical Race Theory by Asking One Question: "How Do I Have Two Medical Degrees If I’m Sitting Here Oppressed?" Ty Smith, a father of two teenagers and the star of a popular YouTube channel, disposed of the incendiary Critical Race Theory agenda at a meeting about the Bloomington Public Schools… Read full article

Sen Cotton Confronts Military With Dangers of Critical Race Theory

One America News Network
Sen Cotton Confronts Military With Dangers of Critical Race Theory and warns of serious consequences if military applies focus on CRT. Sen. Tom Cotton (R-Ark.) has continued to push back on critical race theory being worked into military training. In an interview on Friday, Cotton discussed the letters he has received… Read full article

Socialist War in US

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