https://www.facebook.com/CrossPolitic/videos/849469106279608/ – Play 26:41-27:11
Yeah that’s me everyone… and Knox… what the heck? Why are you so surprised I can be funny? Anyways… I just had to share that from our most recent show Darren Doane on Kinism (Kincest?), Racism, Christian Nationalism… you can find that in our Fight Laugh Feast App, on Youtube, Facebook, etc. But y’all, if you really want to help us in our fight against secular media, sign up for a club membership, at fightlaughfeast.com. We couldn’t do what we do, without your support, so again, that’s fightlaughfeast.com, and sign up for a club membership today.
Democrat Policies to Burden American Businesses With Higher Taxes This Year
Businesses in the United States are set to face a bigger federal tax burden in 2023 due to Democrat policies and the phasing out of Republican tax overhauls, combined with an expected raise in corporate minimum tax for billion-dollar companies.
The Inflation Reduction Act (IRA) included several changes due to which businesses will face higher taxes. In addition, some of the temporary provisions in the 2017 Tax Cuts and Jobs Act (TCJA) enacted under the Trump administration are set to get phased out in 2023. The Joint Committee on Taxation estimates that the total effect of these two developments would result in additional tax increases of $115 billion for businesses.
The new corporate minimum tax charges a 15 percent levy on American businesses that make more than $1 billion in book income in a year for three consecutive years. As a result, the average effective tax rate on corporate income is expected to rise from 18.7 percent to 19.3 percent.
Around 200 of America’s biggest companies with more than $1 billion in profits are likely to be affected by the corporate minimum tax. They usually pay less than the 21 percent tax typically charged on firms. In addition, the minimum tax rule will also apply to foreign firms that generate over $100 billion in book income in the United States.
Companies that meet the conditions under this new tax policy must calculate their taxes in two ways: under the 15 percent corporate minimum tax rule and the 21 percent income tax rule. They must then pay the higher tax. Businesses operating in sectors like mining and real estate are expected to be the hardest hit by this change.
The stock buyback tax levies a 1 percent charge on publicly traded firms when they repurchase stocks. Some experts estimate that this tax will end up forcing businesses to maintain more cash on their company books when the money could have gone for investment.
Strategists at UBS calculate the two taxes will be a drag on company earnings this year, estimating a 1.5 percent decrease per share in firms listed on the benchmark S&P 500 Index.
Josh Hawley to Propose Legislation Banning TikTok Nationwide
Sen. Josh Hawley (R-MO) said on Tuesday he will introduce legislation to ban TikTok nationwide, charging that it violates the privacy of Americans.
Hawley for years has moved to rein in TikTok.
Sens. Hawley and Rick Scott (R-F) proposed legislation in March 2020 that would ban TikTok from all federal government devices, citing cybersecurity concerns and possible spying by the Chinese government.
Congress passed Hawley’s bill to ban TikTok, which was signed into law on December 29, 2022. The bill was included in the $1.7 trillion, 4,155-page omnibus spending bill.
Hawley has questioned tech executives about their companies’ potential compliance with Chinese law that could provide the Chinese Communist Party access to data that could endanger Americans’ privacy.
Public officials and pundits across the political spectrum have contended that TikTok amounts to a national security concern.
https://twitter.com/i/status/1191863214096703489 – Play 0:00-0:50
Since Hawley and Scott proposed their legislation to ban TikTok on federal government devices, many states, such as Georgia, Montana, Alabama, and Iowa, have moved to ban the controversial Chinese social media app off of their state government devices.
Former Vice President Mike Pence discovered classified documents in Indiana home
Former Vice President Mike Pence informed Congress on Tuesday that he discovered documents bearing classified markings from his time as vice president in his Carmel, Indiana, home on Jan. 16.
Following the revelations that classified documents from President Joe Biden’s tenure as vice president were found at the Penn Biden Center think tank and Wilmington, Delaware, Pence’s team conducted searches of Pence’s Indiana home and the office of his political advocacy group, Advancing American Freedom.
According to his team, Pence informed the National Archives on Jan. 18 that a small number of potential classified documents were found in two small boxes. Another two boxes contained copies of vice presidential papers. The National Archives then informed the FBI, per standard procedure.
Pence attorney Greg Jacob wrote on Jan. 18 to Acting Director Kate Dillon McClure of the White House Liaison Division National Archives and Records Administration to inform her of the papers “containing classified markings.”
After the documents with classified markings were discovered, they were immediately put into a safe, according to the Pence team.
The documents were collected by the FBI at Pence’s home in Carmel, Indiana, on Thursday evening, Jan. 19. Pence was in Washington, D.C., for the annual March for Life when the FBI collected the documents.
Pence’s team said that although the documents bear classified markings, the Department of Justice or the agency that issued the documents will need to make a final determination on whether the documents are considered classified or not.
According to a letter from Jacob to Chief Operating Officer William Bosanko of the National Archives and Records Administration on Jan. 22, the DOJ departed from its standard procedures that it ran with Biden when it requested direct possession of the documents on Jan. 19.
Other documents that were not identified as potential classified documents were driven from Indiana to the National Archives in Washington, D.C.
No classified docs were found at Pence’s Advancing American Freedom office.
The House Oversight Committee confirmed to Fox News Digital that Chairman James Comer, R-Ky., was notified by Pence’s team Tuesday regarding the discovery of classified documents in his personal residence.
Dime Payments
Dime Payments is a Christian owned processing payment business. Every business needs a payment process system, so please go to https://dimepayments.com/flf and sign your business up. Working with them supports us. They wont cancel you, like Stripe canceled President Trump. They wont cancel you, like Mailchimp canceled the Babylon Bee. Check them out. At least have a phone call and tell them that CrossPolitic sent you. Go to https://dimepayments.com/flf.
https://www.rt.com/news/570436-uk-excess-deaths-investigation-mps/
British MPs call for probe into massive spike in deaths
Nearly 3,000 more Britons are dying than average on a weekly basis, and it’s not Covid-19 that’s responsible
Troubled by national statistics showing 20% excess deaths per week, UK MPs have demanded an investigation, the Daily Mail reported on Tuesday. Unlike the last time excess deaths reached such levels, during the second Covid-19 wave, few of these deaths could be attributed to the virus.
Speaking before the House of Commons on Tuesday, Conservative MP Esther McVey skewered Chief Medical Officer Chris Whitty for blaming the spike in non-Covid excess deaths on “patients not getting statins or blood pressure medicines during the pandemic,” pointing out that the monthly figures for statin prescriptions had remained constant.
“Where is the evidence? And if there isn’t one, what is causing these excess deaths?” she asked, demanding the minister “commit to an urgent and thorough investigation of the matter.”
Labour shadow public health minister Andrew Gwynne described health secretary Steve Barclay as “part man, part ostrich” over his refusal to confront the issue, accusing PM Rishi Sunak’s government of “denial and buck-passing.”
“There were 50,000 more deaths than we would have otherwise expected in 2022,” he told the House of Commons on Tuesday. “Excluding the pandemic, that’s the worst figure since 1951.”
According to the Office for National Statistics, 2,837 more people died in the second week of January than normal in England and Wales, with just 5% of those deaths being attributable to Covid-19.e
The last time excess deaths were so high, during the second week of February 2021, Covid-19 deaths made up 37% of the total. Nor is the statistic an outlier – the last two weeks of December saw 21% and 20% excess deaths.
The Royal College of Emergency Medicine reported as many as 500 people a week are dying because they cannot receive emergency treatment in time. A record 54,532 people waited more than 12 hours in emergency departments to actually be admitted to the hospital once the decision was made to admit them, according to NHS data, and only 65% of patients were seen within four hours.
Last month, Whitty warned that “postponement of elective and semi-elective care and screening” due to lockdowns and NHS delays would result in another wave of mortality after Covid-19 had largely subsided, with undiagnosed cancers and other chronic conditions claiming a larger than usual number of victims.
https://www.foxnews.com/politics/california-democrats-consider-wealth-tax-people-moved-out-state
California Democrats consider wealth tax — including for people who moved out of state
California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country.
Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California State Legislature that would impose an extra annual 1.5% tax on those with a “worldwide net worth” above $1 billion, starting as early as January 2024.
As early as 2026, the threshold for being taxed would drop: those with a worldwide net worth exceeding $50 million would be hit with a 1% annual tax on wealth, while billionaires would still be taxed 1.5%.
Worldwide wealth extends beyond annual income to include diverse holdings such as farm assets, arts and other collectibles, and stocks and hedge fund interest.
The legislation is a modified version of a wealth tax approved in the California Assembly in 2020, which the Democrat-led state Senate declined to pass.
The current version just introduced includes measures to allow California to impose wealth taxes on residents even years after they left the state and moved elsewhere.
Exit taxes aren’t new in California. But this bill also includes provisions to create contractual claims tied to the assets of a wealthy taxpayer who doesn’t have the cash to pay their annual wealth tax bill because most of their assets aren’t easily turned into cash. This claim would require the taxpayer to make annual filings with California’s Franchise Tax Board and eventually pay the wealth taxes owed, even if they’ve moved to another state.
California was one of several blue states last week to unveil bills to impose new wealth taxes. The other states were Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York and Washington. Each state’s proposal contained a different tax approach, but they all centered around the same basic idea: the rich must pay more.
Lee’s office didn’t respond to a request for comment for this story. However, he’s made public statements echoing the message that wealthier residents should pay higher taxes.
https://www.facebook.com/CrossPolitic/videos/849469106279608/ – Play 26:41-27:11
Yeah that’s me everyone… and Knox… what the heck? Why are you so surprised I can be funny? Anyways… I just had to share that from our most recent show Darren Doane on Kinism (Kincest?), Racism, Christian Nationalism… you can find that in our Fight Laugh Feast App, on Youtube, Facebook, etc. But y’all, if you really want to help us in our fight against secular media, sign up for a club membership, at fightlaughfeast.com. We couldn’t do what we do, without your support, so again, that’s fightlaughfeast.com, and sign up for a club membership today.
Democrat Policies to Burden American Businesses With Higher Taxes This Year
Businesses in the United States are set to face a bigger federal tax burden in 2023 due to Democrat policies and the phasing out of Republican tax overhauls, combined with an expected raise in corporate minimum tax for billion-dollar companies.
The Inflation Reduction Act (IRA) included several changes due to which businesses will face higher taxes. In addition, some of the temporary provisions in the 2017 Tax Cuts and Jobs Act (TCJA) enacted under the Trump administration are set to get phased out in 2023. The Joint Committee on Taxation estimates that the total effect of these two developments would result in additional tax increases of $115 billion for businesses.
The new corporate minimum tax charges a 15 percent levy on American businesses that make more than $1 billion in book income in a year for three consecutive years. As a result, the average effective tax rate on corporate income is expected to rise from 18.7 percent to 19.3 percent.
Around 200 of America’s biggest companies with more than $1 billion in profits are likely to be affected by the corporate minimum tax. They usually pay less than the 21 percent tax typically charged on firms. In addition, the minimum tax rule will also apply to foreign firms that generate over $100 billion in book income in the United States.
Companies that meet the conditions under this new tax policy must calculate their taxes in two ways: under the 15 percent corporate minimum tax rule and the 21 percent income tax rule. They must then pay the higher tax. Businesses operating in sectors like mining and real estate are expected to be the hardest hit by this change.
The stock buyback tax levies a 1 percent charge on publicly traded firms when they repurchase stocks. Some experts estimate that this tax will end up forcing businesses to maintain more cash on their company books when the money could have gone for investment.
Strategists at UBS calculate the two taxes will be a drag on company earnings this year, estimating a 1.5 percent decrease per share in firms listed on the benchmark S&P 500 Index.
Josh Hawley to Propose Legislation Banning TikTok Nationwide
Sen. Josh Hawley (R-MO) said on Tuesday he will introduce legislation to ban TikTok nationwide, charging that it violates the privacy of Americans.
Hawley for years has moved to rein in TikTok.
Sens. Hawley and Rick Scott (R-F) proposed legislation in March 2020 that would ban TikTok from all federal government devices, citing cybersecurity concerns and possible spying by the Chinese government.
Congress passed Hawley’s bill to ban TikTok, which was signed into law on December 29, 2022. The bill was included in the $1.7 trillion, 4,155-page omnibus spending bill.
Hawley has questioned tech executives about their companies’ potential compliance with Chinese law that could provide the Chinese Communist Party access to data that could endanger Americans’ privacy.
Public officials and pundits across the political spectrum have contended that TikTok amounts to a national security concern.
https://twitter.com/i/status/1191863214096703489 – Play 0:00-0:50
Since Hawley and Scott proposed their legislation to ban TikTok on federal government devices, many states, such as Georgia, Montana, Alabama, and Iowa, have moved to ban the controversial Chinese social media app off of their state government devices.
Former Vice President Mike Pence discovered classified documents in Indiana home
Former Vice President Mike Pence informed Congress on Tuesday that he discovered documents bearing classified markings from his time as vice president in his Carmel, Indiana, home on Jan. 16.
Following the revelations that classified documents from President Joe Biden’s tenure as vice president were found at the Penn Biden Center think tank and Wilmington, Delaware, Pence’s team conducted searches of Pence’s Indiana home and the office of his political advocacy group, Advancing American Freedom.
According to his team, Pence informed the National Archives on Jan. 18 that a small number of potential classified documents were found in two small boxes. Another two boxes contained copies of vice presidential papers. The National Archives then informed the FBI, per standard procedure.
Pence attorney Greg Jacob wrote on Jan. 18 to Acting Director Kate Dillon McClure of the White House Liaison Division National Archives and Records Administration to inform her of the papers “containing classified markings.”
After the documents with classified markings were discovered, they were immediately put into a safe, according to the Pence team.
The documents were collected by the FBI at Pence’s home in Carmel, Indiana, on Thursday evening, Jan. 19. Pence was in Washington, D.C., for the annual March for Life when the FBI collected the documents.
Pence’s team said that although the documents bear classified markings, the Department of Justice or the agency that issued the documents will need to make a final determination on whether the documents are considered classified or not.
According to a letter from Jacob to Chief Operating Officer William Bosanko of the National Archives and Records Administration on Jan. 22, the DOJ departed from its standard procedures that it ran with Biden when it requested direct possession of the documents on Jan. 19.
Other documents that were not identified as potential classified documents were driven from Indiana to the National Archives in Washington, D.C.
No classified docs were found at Pence’s Advancing American Freedom office.
The House Oversight Committee confirmed to Fox News Digital that Chairman James Comer, R-Ky., was notified by Pence’s team Tuesday regarding the discovery of classified documents in his personal residence.
Dime Payments
Dime Payments is a Christian owned processing payment business. Every business needs a payment process system, so please go to https://dimepayments.com/flf and sign your business up. Working with them supports us. They wont cancel you, like Stripe canceled President Trump. They wont cancel you, like Mailchimp canceled the Babylon Bee. Check them out. At least have a phone call and tell them that CrossPolitic sent you. Go to https://dimepayments.com/flf.
https://www.rt.com/news/570436-uk-excess-deaths-investigation-mps/
British MPs call for probe into massive spike in deaths
Nearly 3,000 more Britons are dying than average on a weekly basis, and it’s not Covid-19 that’s responsible
Troubled by national statistics showing 20% excess deaths per week, UK MPs have demanded an investigation, the Daily Mail reported on Tuesday. Unlike the last time excess deaths reached such levels, during the second Covid-19 wave, few of these deaths could be attributed to the virus.
Speaking before the House of Commons on Tuesday, Conservative MP Esther McVey skewered Chief Medical Officer Chris Whitty for blaming the spike in non-Covid excess deaths on “patients not getting statins or blood pressure medicines during the pandemic,” pointing out that the monthly figures for statin prescriptions had remained constant.
“Where is the evidence? And if there isn’t one, what is causing these excess deaths?” she asked, demanding the minister “commit to an urgent and thorough investigation of the matter.”
Labour shadow public health minister Andrew Gwynne described health secretary Steve Barclay as “part man, part ostrich” over his refusal to confront the issue, accusing PM Rishi Sunak’s government of “denial and buck-passing.”
“There were 50,000 more deaths than we would have otherwise expected in 2022,” he told the House of Commons on Tuesday. “Excluding the pandemic, that’s the worst figure since 1951.”
According to the Office for National Statistics, 2,837 more people died in the second week of January than normal in England and Wales, with just 5% of those deaths being attributable to Covid-19.e
The last time excess deaths were so high, during the second week of February 2021, Covid-19 deaths made up 37% of the total. Nor is the statistic an outlier – the last two weeks of December saw 21% and 20% excess deaths.
The Royal College of Emergency Medicine reported as many as 500 people a week are dying because they cannot receive emergency treatment in time. A record 54,532 people waited more than 12 hours in emergency departments to actually be admitted to the hospital once the decision was made to admit them, according to NHS data, and only 65% of patients were seen within four hours.
Last month, Whitty warned that “postponement of elective and semi-elective care and screening” due to lockdowns and NHS delays would result in another wave of mortality after Covid-19 had largely subsided, with undiagnosed cancers and other chronic conditions claiming a larger than usual number of victims.
https://www.foxnews.com/politics/california-democrats-consider-wealth-tax-people-moved-out-state
California Democrats consider wealth tax — including for people who moved out of state
California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they’ve already moved to another part of the country.
Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California State Legislature that would impose an extra annual 1.5% tax on those with a “worldwide net worth” above $1 billion, starting as early as January 2024.
As early as 2026, the threshold for being taxed would drop: those with a worldwide net worth exceeding $50 million would be hit with a 1% annual tax on wealth, while billionaires would still be taxed 1.5%.
Worldwide wealth extends beyond annual income to include diverse holdings such as farm assets, arts and other collectibles, and stocks and hedge fund interest.
The legislation is a modified version of a wealth tax approved in the California Assembly in 2020, which the Democrat-led state Senate declined to pass.
The current version just introduced includes measures to allow California to impose wealth taxes on residents even years after they left the state and moved elsewhere.
Exit taxes aren’t new in California. But this bill also includes provisions to create contractual claims tied to the assets of a wealthy taxpayer who doesn’t have the cash to pay their annual wealth tax bill because most of their assets aren’t easily turned into cash. This claim would require the taxpayer to make annual filings with California’s Franchise Tax Board and eventually pay the wealth taxes owed, even if they’ve moved to another state.
California was one of several blue states last week to unveil bills to impose new wealth taxes. The other states were Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York and Washington. Each state’s proposal contained a different tax approach, but they all centered around the same basic idea: the rich must pay more.
Lee’s office didn’t respond to a request for comment for this story. However, he’s made public statements echoing the message that wealthier residents should pay higher taxes.
“The working class has shouldered the tax burden for too long,” Lee wrote in a tweet. “The ultra-rich are paying little to nothing by hoarding their wealth through assets. Time to end that.”
According to Lee, the tax would affect 0.1% of California households and generate an additional $21.6 billion in state revenue, which would go to the state general fund. California has among the highest taxes of any state in the country.
Advocates argue that the money could boost funding for schools, housing and other social programs. Perhaps more importantly, however, Lee hopes it could help address California’s massive $22.5 billion budget deficit.
“This is how we can keep addressing our budgetary issues,” he told the Los Angeles Times. “Basically, we could plug the entire hole.”
However, experts counter that the bill will have the exact opposite effect through high administrative costs and by causing an exodus of people to flee the state.
“The working class has shouldered the tax burden for too long,” Lee wrote in a tweet. “The ultra-rich are paying little to nothing by hoarding their wealth through assets. Time to end that.”
According to Lee, the tax would affect 0.1% of California households and generate an additional $21.6 billion in state revenue, which would go to the state general fund. California has among the highest taxes of any state in the country.
Advocates argue that the money could boost funding for schools, housing and other social programs. Perhaps more importantly, however, Lee hopes it could help address California’s massive $22.5 billion budget deficit.
“This is how we can keep addressing our budgetary issues,” he told the Los Angeles Times. “Basically, we could plug the entire hole.”
However, experts counter that the bill will have the exact opposite effect through high administrative costs and by causing an exodus of people to flee the state.