Wednesday, October 27, 2021

Chris Wallace shocked Fox News viewers by calling Jen Psaki “the best Press Secretary ever”. Who agrees with him wholeheartedly? 👏

Chris Wallace shocked Fox News viewers by calling Jen Psaki “the best Press Secretary ever”. Who agrees with him wholeheartedly? ��


Chris Wallace shocked Fox News viewers by calling Jen Psaki “the best Press Secretary ever”. Who agrees with him wholeheartedly? ��

Posted: 26 Oct 2021 10:12 PM PDT

 Chris Wallace just called Jen Psaki "one of the best press secretaries ever" and MAGA world is having a complete meltdown.<!-- Main Wrapper --> <!-- Global Variables...

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Tuesday, October 26, 2021

Who is Sen. Kyrsten Sinema?

Who is Sen. Kyrsten Sinema?


Who is Sen. Kyrsten Sinema?

Posted: 26 Oct 2021 05:49 AM PDT

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Biden’s Treasury Secretary wants to tax the ‘unrealized capital gains’, but here’s why that’s a terrible idea


Biden's Treasury Secretary said yesterday that she wants to tax the 'unrealized capital gains' in order to pay for Biden's 3.5 trillion dollar agenda:   Treasury Secretary Janet Yellen tells CNN's Jake Tapper that former Clinton and Obama economic official Larry Summers is wrong on his warnings about rising inflation. 

Washington Post columnist Henry Olsen explains why this is not only a terrible idea, but also unconstitutional:

The Biden administration's idea to tax billionaires' unrealized capital gains may sound good to the tax-the-rich crowd. In practice, it would be an unworkable and arguably unconstitutional mess that could harm everyone.

In theory, the idea is seductively simple and appealing. Billionaires and the super-rich possess massive amounts of wealth in the form of stocks, businesses and frivolous baubles such as famous paintings or yachts. These assets appreciate in value, but their owners pay no tax on that value unless they sell it — or "realize the gain," as tax lawyers put it. Only by selling the asset would a person be able to convert the asset into taxable income. This means billionaires with appreciating assets can become hundreds of billions of dollars wealthier each year, but the government gets nothing.

If that sounds too good to be true, it's because it is. To start, not all assets are as easy to value as publicly traded stocks. Privately held companies, such as Charles Koch's Koch Industries, are notoriously difficult to value. Rare but valuable items are even more difficult to fix an annual price. Someone who owns a Leonardo da Vinci or Picasso artwork likely paid more than $100 million for it at auction, but it's almost impossible to assess what a unique work of art would sell for at the end of each tax year. Billionaires are precisely the people with the motive and the means to hire the best tax lawyers to fight the Internal Revenue Service at every step of the way, surely subjecting each tax return to excruciatingly long and expensive audits.

Then there's the question of what to do with capital losses. Expensive assets can go down in value, too, and billionaires would rightly insist that the IRS account for those reversals of fortune. This would lead to some politically uncomfortable acts if, say, a market downturn coincides with the end of the tax year, as happened during the Great Recession. The U.S. stock market declined by roughly a third in 2008, with the low point at year's end — exactly when valuations for an unrealized gain tax would be determined. This would have led to billionaires marking up massive amounts of unrealized losses. Would the IRS have to issue multi-billion dollar refund checks to return the billionaires' quarterly estimated tax payments from earlier in the year? No president will want to be in charge when their IRS has to give billions of dollars back to Warren Buffett or Bill Gates.

"The Constitution may not even permit taxation of unrealized gains…"

The Constitution may not even permit taxation of unrealized gains. The 16th Amendment authorizes taxation of "income," and the definition of that seemingly simple word has spawned a long history of complicated case law. Whether something is defined as income often has to do with whether a person has complete control over a source of money that can then be used in trade to purchase or invest as one sees fit. Unrealized gains don't fit under that rubric because the wealth is on paper, not in the hands of the owner to use as she wants. In 1920, the Supreme Court ruled that stock dividends or splits can't be taxed because they are not income. That is just one example of a torturous series of cases that the Supreme Court would inevitably have to consider to determine if Congress even has the power to tax unrealized gains.

If Congress does have that power, however, it will only be a matter of time before lawmakers apply the tax to ordinary Americans. Anyone who owns a house or has a retirement account has unrealized capital gains. Billionaires get all the attention, but the real money is in the hands of the broader public, as the collective value of real estate and mutual funds dwarfs what the nation's uber-wealthy hold. The government would love to get 25 percent of your 401(k)'s annual rise, and our nation's massive annual deficits and cumulative debt means it will need that money sooner rather than later.

Taxing unrealized capital gains will unlock a Pandora's box of problems. Better to keep them under lock and key.

The Biden administration could care less about the constitutionality of doing this, and when it comes to taxing the rich, they'll try and steal whatever money they can under the guise of 'taxes'.

This is what socialism looks like and it will end up bankrupting America if we let it continue.   

Sunday, October 24, 2021

Pelosi Signals Openness To Filibuster Carveout For Voting Rights

House Speaker Nancy Pelosi (D-CA) on Sunday signaled openness to reforming the filibuster to protect voting rights after President Biden suggested he might be open to eliminating the procedure entirely.

See Also: Dr. Anthony Fauci tells Dana Bash  that US Covid-19 cases are headed in the "right direction," but the US should be careful not to prematurely declare victory.

During a CNN town hall last week, the President was asked whether he would entertain the notion of doing away with the filibuster on voting rights. Biden replied "and maybe more." The President's comments supporting potential changes to the filibuster were issued a day after Senate Republicans blocked Democrats' voting rights bill, which prevented it from getting a floor debate before the final vote.

See Also:  Press Secretary Psaki tells  Mary Alice Parks  about Pres. Biden's trip to Capitol Hill today

Appearing on CNN, Pelosi was asked whether she agrees with the President on getting rid of the filibuster to push policy proposals forward.

The House speaker signaled that reforming the filibuster is crucial to protect voting rights.

See Also: Rachel Maddow reviews the series of Donald Trump's embarrassing failures at creating his own internet properties in the wake of his excommunication from social media, and reports on the latest venture, replete with typical Trumpian gaffes but also set up as a vehicle for his supporters to give him money.

"The most important vote right now in the Congress of the United States is the vote to respect the sanctity of the vote, the fundamental basis of our democracy," Pelosi said. "If there were one vote that (reforming) the filibuster could enable to go forward, that would be the vote."

See Also: President Biden's agenda

"And enable so much more because we're talking about stopping the suppression of the vote and the nullification of the elections. We're talking about redistricting, a way that is fair — may not benefit Democrats, but it might open up some of these Republican seats. It talks about stopping the big, dark, crushing special-interest money and empowers the grassroots," Pelosi continued.

 See Also: Press Briefing by Press Secretary Jen Psaki - Live Update

After expressing disappointment over the unsuccessful passage last week of the Freedom to Vote Act, which is the newest iteration of the For the People Act that was modified to get filibuster-loyalist Sen. Joe Manchin (D-WV) on board, Pelosi once again stressed that voting rights legislation is "fundamental to our democracy."

See Also:  Phim Bao Thanh Thiên    

Pelosi then proceeded to swipe at former President Trump and Senate Minority Leader Mitch McConnell (R-KY) by pointing out that Republicans killed the filibuster to appoint three Supreme Court justices when they were the majority.

See Also:  Phim Tống Từ - Bức Màn Bí Mật

"Mind you, just to remind, when what's his name was President and the Republicans were in power, Mitch McConnell pulled back the filibuster to enable, with simple majorities, three justices to go to the Supreme Court for life," Pelosi said. "You would think that they could pull it back for the American people to have the vote."

See Also:  Phim Tống Từ - Nhân Chứng

Shortly after Senate Republicans filibustered Democrats' voting rights bill last week, most Democrats turned their focus to addressing the filibuster after Manchin's insistence that the bill garnered bipartisan support proved fruitless.

See Also:  Obama: 'I understand' why Americans want to know when COVID-19 mandates will end

Prior to the voting rights bill getting blocked last week, House Majority Whip James Clyburn (D-SC) earlier this month called on the Senate to do away with the filibuster for voting rights, saying that Manchin will likely have to come around to a filibuster carveout to push the new voting rights bill forward.

"I think he's going to have to relent on the filibuster," Clyburn said. "Nobody's asking him to give up the filibuster. We're saying treat the voting rights and constitutional rights when it comes to the filibuster the same way you treat the budget."

Watch Pelosi's remarks : Pelosi on filibuster carveout: Voting rights is 'fundamental'

Saturday, October 23, 2021

Press Briefing by Press Secretary Jen Psaki, October 22, 2021

Press Briefing by Press Secretary Jen Psaki, October 22, 2021


Press Briefing by Press Secretary Jen Psaki, October 22, 2021

Posted: 22 Oct 2021 08:16 PM PDT

 MS. PSAKI:  Hi, everyone.  Happy Friday.  Okay.  Just an overview of the week ahead for all of you: Throughout the week, President Biden will continue to meet and call members of Congress about his...

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Rachel Maddow reviews the series of Donald Trump's embarrassing failures at creating his own internet properties in the wake of his excommunication from social media, and reports on the latest venture, replete with typical Trumpian gaffes but also set up as a vehicle for his supporters to give him money.

Posted: 22 Oct 2021 09:46 AM PDT

 What we've been waiting on is finally here. President Trump just announced a new media and technology group called "Trump Media & Technology Group" and they are launching a new social media...

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Friday, October 22, 2021

Đề Cương Ôn Tập Hóa Học 9 - Hoc Kì 1

Đề Cương Ôn Tập Hóa Học 9 - Hoc Kì 1


Đề Cương Ôn Tập Hóa Học 9 - Hoc Kì 1

Posted: 22 Oct 2021 01:50 AM PDT

 ĐỀ SỐ 1: ĐỀ THI HỌC KỲ 1 HÓA HỌC 9, QUẬN TÂN BÌNH, TPHCM, NĂM 2016-2017(CÓ BÀI GIẢI CHI TIẾT)Bài 1: (2 điểm) Viết phương trình hóa học biểu diễn sự chuyển đổi sau: Cu    CuCl2    Cu(OH)2    CuSO4   ...

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Biden delivers remarks on voting rights at MLK memorial

Posted: 21 Oct 2021 09:05 PM PDT

President Joe Biden and Vice President Kamala Harris are delivering remarks on voting rights as they observe the 10th anniversary of the Martin Luther King, Jr. memorial in Washington DC.The...

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Don Lemon: Not Media's Job to Sell Agenda, 'Democrats Get Your Butts In Gear! You Are Weak

Posted: 21 Oct 2021 11:07 AM PDT

  CNN host Don Lemon flipped out on Democrats Wednesday, slamming his fist on his desk as he ranted that they weren't doing enough to sell their agenda to the American people and rescue...

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Thursday, October 21, 2021

Meghan McCain: Nicolle Wallace, other campaign aides treated Sarah Palin 'horribly, set her up for failure'

Meghan McCain: Nicolle Wallace, other campaign aides treated Sarah Palin 'horribly, set her up for failure'


Meghan McCain: Nicolle Wallace, other campaign aides treated Sarah Palin 'horribly, set her up for failure'

Posted: 21 Oct 2021 05:19 AM PDT

Meghan McCain said Tuesday on "Hannity" that her father's aides like MSNBC's Nicolle Wallace treated Sarah Palin "horribly" and set her up for "failure" during his 2008 presidential campaign.McCain,...

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