Like All Robbers, They Wore Masks . . . "Hundreds of masked people conspired to rob your children and grandchildren on Wednesday evening in Washington. Like the Hamburglar, Robin Hood, and the Riddler, the thieves hid their faces behind masks.
Walking into a chamber with just 200 lawmakers he pitched his $2.3trillion 'blue-collar blueprint' American Jobs Plan, pushed his $1.8trillion investment into 'human infrastructure' and spoke about how he will try and deal with the border, China, guns and police reform.
"He also handed over more responsibility to Vice President Kamala Harris by asking her to promote his investment in 'jobs, jobs, jobs' and insisted she would 'get it done', a month after directing her to deal with the border.
"He opened his speech standing in front of Harris and Speaker Nancy Pelosi by calling the Capitol riot the 'worst attack on our Democracy since the Civil War' and said 'America's house was on fire' when he took office - but he didn't mention Donald Trump.
"Republicans widely panned the speech as 'boring' and a list of 'socialist dreams'. GOP Senator Tim Scott said in his party's rebuttal that the president was 'pulling the country apart' instead of promoting unity and his remarks were 'full of empty platitudes'." . . . More...
Joe Biden Announces $1.8 Trillion ‘Human Infrastructure’ Proposal to Congress Partly Financed by Expanding Death Tax . . . "A breakdown of the tax adjustment from the officially named American Families Plan are as follows:
- Raise the top income-tax rate to 39.6 percent from 37 percent
- Raise the capital gains and dividends tax to 39.6 percent from 20 percent for households making more than $1 million
- Raise the payroll and investment taxes each by 3.8 percent — the top rates on wages and the death tax would reach 43.4 percent from 23.8 percent
- Use the previous 3.8 percent increase to expand over other types of income currently uncovered like active income from S corporations making over $400,000
- Adjust death tax to include unrealized gains as sold and thus taxable with an exemption of $1 million a person
- Limit the ability for real estate to be exchanged without reporting capital-gains income by capping that break at $500,000 . . .
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