President Joe Biden’s proposal to increase the top capital gains tax rate could be the highest such tax rate in over a century. The combined federal-state rate could exceed 50% in several states when factoring in state capital gains taxes. For instance, California residents would potentially face a 59% rate, while those in New Jersey, Oregon, Minnesota, and New York could confront rates ranging from 53.4% to 55.3%.
Read More: Newsmax
The U.S. is on a path to nearly double federal debt over the next decade, the Congressional Budget Office said on Wednesday. By 2033, the total debt of the federal government held by the public will rise by $22.1 trillion from $24.3 trillion last year to $46.4 trillion.
Read More: Breitbart
The federal government’s budget is in such disarray that balancing the books would require a 30% spending cut or a 40% increase in taxes, a recent study found.
The budget deficit, which reflects the difference between federal revenues and expenditures in a year, approached $1.4 trillion in 2022, according to data from the Office of Management and Budget. The national debt is currently nearing $31.5 trillion even as maintenance costs soar due to a higher interest rate environment.
Read More: Daily Wire
President Biden has issued nearly 100 executive orders, which will cost taxpayers up to $1.5 trillion, as the national debt nears $31 trillion, according to an expert.
Read More: Fox News
America’s government debt is on the verge of eclipsing $31 trillion for the first time ever, even as COVID-related federal spending slows.
Read More: Fox Business
A person is inclined to think, “I am not going to forward any more political e-mails.”
Then one like this comes along.. .. .. … .. .. !
A picture is worth 1,000 words!!