Happy Ides of March! You might want to avoid knife-wielding Romans today. Trump trial news, lots of Russo-Ukrainian War news, transexual madness starts to recede, and more Disney missteps. It’s the Friday LinkSwarm!
Following yesterday’s release of Biden’s $7.3 trillion budget, the Biden administration bragged about lowering the deficit by $3 trillion over the next decade – an average of 0.8% of GDP over that period.
This would consist of roughly $2.6 trillion over 10 years in additional spending programs, offset by around $4.8 trillion in tax increases over the same period. Most of the tax and spending proposals have been included in prior budget proposals from the White House, according to Goldman’s Alec Phillips, however there are several new items.
The budget would increase the corporate alternative minimum tax on book income from 15% to 21%, raising $137 billion over the next decade. It also limits a corporation’s ability to deduct employee pay exceeding $1mm/year, raising $272 billion over 10 years. The largest proposed tax increases include; raising the corporate minimum tax from 21% to 28%, as well as a series of tax increases on high-income earners, including new Medicare taxes, and a new 25% minimum tax on incomes over $100 million, raising $500 billion over the next decade.
Of course, it has zero chance of passing under the current Congress – but that’s not the point.
As one DC strategist wrote in a morning email noted by CNBC’s Brian Sullivan, the budget deficit will still grow by another $16 trillion over the next decade – and that’s with aforementioned tax hikes.
Without them, the deficit grows to $19 trillion.
In short, talk of ‘$3 trillion saved’ is total bullshit in the grand scheme of things, given how much the national debt will grow in the best case scenario.
The judge overseeing the Georgia election-fraud case struck down six counts in the indictment on Wednesday finding that the language in the counts didn’t provide “sufficient detail” for former president Donald Trump and more than a dozen other co-defendants “to prepare their defenses intelligently.”
The counts that Fulton County Superior Court judge Scott McAfee struck down all involved allegations that some of the defendants in the case solicited various Georgia elected officials to violate their oaths of office and to unlawfully appoint pro-Trump presidential electors.
The six counts struck down by McAfee on Wednesday involved Trump, his former White House chief of staff Mark Meadows, and lawyers Rudy Giuliani, John Eastman, Ray Smith and Bob Cheeley. The defendants were accused in the various counts of soliciting elected members of the Georgia house and senate and Georgia secretary of state Brad Raffensperger to violate their oaths “to unlawfully appoint presidential electors.” Trump and Meadows also requested that Raffensperger “unlawfully decertify” the 2020 presidential election, according to two of the counts that McAfee struck down on Wednesday.
The Biden admin knows that US military personnel will not be safe in Gaza, but millions of dollars will be spent to build a pier to send aid that the Gazans don’t even want and that someone in the admin hopes will become a “commercial facility.”
That’s what they think “American leadership” looks like.
Apart from wasting taxpayer money, this is building infrastructure that, unless Israel finishes off Hamas, will fall into the hands of terrorists.
Also, it will take 60 days to build (at least), by which time Israel should have finished pounding Hamas into a thin paste. It’s stupid piled on top of stupid.
Breaking: BLM hoaxer Shaun King and his wife have converted to Islam. King identifies as black and previously identified as a Christian pastor. He regularly uses his large social media platform to threaten people.
In 2018, King falsely accused a white man (Robert Cantrell) of… pic.twitter.com/QynYcD6lKi
— Andy Ngô 🏳️🌈 (@MrAndyNgo) March 11, 2024
(Hat tip: Stephen Green at Instapundit.)
In the middle of trial, New York prosecutors abruptly dropped their case Wednesday against three collectibles experts who had been accused of scheming to hang onto and peddle the pages, which Eagles co-founder Don Henley maintained were stolen, private artifacts of the band’s creative process.
In explaining the stunning turnabout, prosecutors agreed that defense lawyers had essentially been blindsided by 6,000 pages of communications involving Henley and his attorneys and associates. Prosecutors and the defense got the material only in the past few days, after Henley and his lawyers apparently made a late-in-the-game decision to waive their attorney-client privilege shielding legal discussions.
In waving attorney-client privilege, it looks like Henley made himself a prisoner of his own device…
"No thanks…..I just ate" 😅😅😅pic.twitter.com/CAiHjyhHMQ
— Epoch Animal Lovers (@EP_AnimalLovers) March 14, 2024
(Hat tip: Ace of Spades HQ.)