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@ISIDEWITH submitted…11mos11MO
Under her plan, taxes would go up sharply on some high-income households, and top marginal tax rates would reach their highest point since 1986. The wealthiest investors and company founders would encounter sizable capital-gains tax bills that they don’t face under current law. Major pieces of the 2017 tax law expire at the end of next year absent congressional action, an outcome that lawmakers in both parties want to prevent. The expiration could give Harris leverage to demand support for some of her tax priorities. If the president and Congress do nothing, about 62% of households will see their taxes go up in 2026, according to the Tax Foundation. Under the Harris plan, that top slice of households (about 0.01%) would pay an annual minimum tax of 25% of their income—using a broader definition of income that includes unrealized gains. Under that plan, the top marginal income-tax rate for individuals would climb to 44.6% across almost all income types, compared with today’s lower top rates (23.8% on capital gains, 29.6% on some business income and over 39% on wages).
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@ISIDEWITH submitted…7mos7MO
President Joe Biden has decided to issue a pardon for his son Hunter and is expected to announce it Sunday night, according to a senior White House official with direct knowledge of the decision.The decision marks a reversal for the president, who has repeatedly said he would not use his executive authority to pardon his son or commute his sentence. The pardon comes ahead of Hunter Biden’s Dec. 12 sentencing for his conviction on federal gun charges. Hunter Biden also is set to be sentenced in a separate criminal case on Dec. 16, after pleading guilty in September on federal tax evasion charges.The pardon is expected to cover both Hunter Biden’s gun charges conviction and guilty plea.The senior White House official said Biden decided over this weekend to grant his son a pardon and began to inform his senior aides on Sunday. Using his pardon power to assure Hunter Biden does not spend time in jail comes as the 82-year-old president is near the end of his term in the White House and has no future election to face. In recent months Biden has said he would not pardon his son or commute his sentence.“I will not pardon him,” the president said of his son in June after a jury found him guilty on three federal gun charges.President Biden has discussed issuing a pardon for his son with some of his closest aides since at least Hunter Biden’s conviction in June, two people with direct knowledge of the discussions about the matter said. They said a decision was made at the time for the president to publicly say he would not pardon his son even though doing so remained on the table.White House press secretary Karine Jean-Pierre told reporters earlier this month that the president’s position has not changed.
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@ISIDEWITH submitted…8mos8MO
U.S. expected to increase pressure on Israel to end Gaza war after election Israel believes that whichever way the presidential vote goes, the Biden administration will take a harder line and could even impose sanctions on Israeli officials or slow the arms flow
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@ISIDEWITH asked…4yrs4Y
In April 2021 the legislature of the U.S. State of Arkansas introduced a bill that prohibited doctors from providing gender-transition treatments to people under 18 years old. The bill would make it a felony for doctors to administer puberty blockers, hormones and gender-reaffirming surgery to anyone…
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@ISIDEWITH asked…14yrs14Y
On June 26, 2015 the U.S. Supreme Court ruled that the denial of marriage licenses violated the Due Process and the Equal Protection clauses of the Fourteenth Amendment of the United States Constitution. The ruling made same sex marriage legal in all 50 U.S. States.
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@ISIDEWITH asked…2yrs2Y
Political ideologies are coherent sets of beliefs and values that form a framework for understanding the role of government and the organization of society. They guide political behavior and policy decisions, influencing views on topics like economic distribution, individual liberties, and social justice.…
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