plan

Biden bank regulator nominee reveals her plan to radically transform US economy

While running for president, Joe BidenJoe BidenBiden invokes Trump in bid to boost McAuliffe ahead of Election Day Business lobby calls for administration to ‘pump the brakes’ on vaccine mandate Overnight Defense & National Security — Presented by Boeing — Afghanistan reckoning shows no signs of stopping MORE campaigned as a lunch-pail-carrying, blue-collar moderate from Scranton, Pa. But during his short tenure in the White House, Biden has proven himself to be a far-left champion of bureaucracy, reckless government spending and the centralization of economic and political power. 

The most recent example is Biden’s nomination of Cornell law

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With Biden Vaccine Plan, Politics Is Fully in Charge

It’s impossible for politics not to be paramount in a time like Covid, when voters are steeped in anxiety, when politicians know their career survival is at risk with every decision.

Often, we want politicians to be concerned with the effect of their words, not just their scientific accuracy, because their words can cause things to happen in the world.

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Economists clash over inflation tied to Biden’s $3.5T spending plan

Economists are sharply divided over whether President Biden’s $3.5 trillion infrastructure package will exacerbate inflation pressures that are already the most severe in decades. 

Senate Democrats are currently drafting the human infrastructure package that they hope to ram through via budget reconciliation, a process that would allow them to pass the legislation with a simple majority rather than the 60 votes needed to avoid a Republican filibuster.  

The $3.5 trillion in spending would add to the almost $6 trillion that has already

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Inside the $40-billion-a-year tax ‘loophole’ Biden’s plan would eliminate

The federal tax code contains a loophole so big that in the time you spend reading this article, it will have saved wealthy families and their heirs an average of about $400,000. Over the course of a day, the average total savings is more than $100 million.

Families without sizable estates may be unfamiliar with the provision, but it’s been on the books for more than 90 years and has helped the wealthy pass on billions in dollars to their descendents tax-free.

It’s known as the stepped-up basis rule, or, as President Joe Biden called it this month, the “trust

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Biden’s Economic Plan Would Redistribute Trillions and Expand Government

Franklin D. Roosevelt

created the modern government-funded social safety net in the 1930s to aid lower and middle-income families—paid for in part by raising taxes on the richest Americans.

Dwight Eisenhower

built the interstate highway system in the 1950s.

John F. Kennedy

defined federal industrial policy in the 1960s by pledging to put a man on the moon by decade’s end.

In his first 100 days in office,

Joe Biden

has been attempting to emulate all three, seeking to combine and update for the 21st century his predecessors’ visions for a muscular Washington role in the economy.

With his $1.8

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Biden plan to double capital-gains taxes will hurt economy to fuel giveaways to Dem special interests

President Joe Biden has already vowed to slam the recovering US economy by hiking taxes on higher earners and raising corporate tax rates. Now comes news he wants to double the capital-gains tax rate —  to drop yet more cash on Democratic special interests and fund a huge expansion of government.

This, on top of the trillions in outlays he’s already proposed.

Next week, Biden will officially release plans to tax capital gains as ordinary income for those making over $1 million. He also wants to raise the top tax rate from 37 percent to 39.6 percent, so that’s basically

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