Investors Shift to Defensive Strategies Ahead of Fed’s Interest Rate Decision
As the Federal Reserve's interest rate decision approaches, investors are adopting a defensive posture, gravitating towards sectors perceived as safe havens.
Investors Shift to Defensive Strategies Ahead of Fed’s Interest Rate Decision
by Publius
As the Federal Reserve's interest rate decision approaches, investors are adopting a defensive posture, gravitating towards sectors perceived as safe havens. This shift comes on the heels of a robust first half of the year, largely driven by the performance of major technology stocks. In early September, shares in real...
Rumble Dominates Debate Night as Alternative Media Streaming Surges
by Reclaim the Net
Rumble, the rising Big Tech alternative and cloud services platform, made waves as it swept through multiple records during this week’s presidential debate. On that Tuesday night, former President Donald Trump went head-to-head with Vice President Kamala Harris and it was a big night for alternatives to mainstream media. Analytics...
Faith-Driven Gold IRA Company Reveals Three Secrets About Americans’ Retirement
by Sponsored Post
The precious metals industry has developed a rough reputation over the last couple of years, especially as it pertains to retirement accounts. With all of the angst many Americans are feeling about the economy, gold companies have pounced on the opportunity to take advantage of people's fears. One company stands...
Iran Wants China-Led BRICS to Create a New World ‘Security Structure’
by Breitbart
Ali Akbar Ahmadian, secretary-general of the Supreme National Security Council (SNSC) of Iran, on Wednesday called for the China-dominated BRICS economic group to create “a new security structure in the international arena to help the order and security of the future world.” Speaking at a BRICS forum in St. Petersburg,...
Bankruptcies Spike Again as America’s Economic Slowdown Accelerates
by Michael Snyder
Large businesses are declaring bankruptcy at a staggering rate, and yet we are being told over and over again that the economy is just fine. Needless to say, most of the country isn’t buying it. Survey after survey has shown that most Americans believe that the economy is on the...
Former News Corp Exec’s Testimony Sheds Light on Google’s Dominance in Digital Advertising
by Breitbart
A former advertising technology executive at News Corp testified that the company considered moving away from Google’s advertising products in 2017 but ultimately decided against it due to potential revenue losses of at least $9 million. The testimony came during the second day of the latest antitrust trial exploring Google’s...
CNN Poll: After Debate, Even More Voters Trust Trump on Economy
by Conservative Brief
A CNN poll taken immediately after the debate between former President Donald Trump and Vice President Kamala Harris found that the percentage of voters who trust Trump more than Harris on the economy jumped from +16 percent to +20 percent. CNN’s Jake Tapper introduced the poll by saying to CNN...
Mike Johnson Withdraws Government Funding Bill, Which Includes SAVE Act Just Hours Before Scheduled Vote
by The Gateway Pundit
House Speaker Mike Johnson (R-La.) yanked a critical government funding bill just hours before it was scheduled for a vote. This bill, backed by former President Donald Trump and aimed at addressing voter fraud through the Safeguard American Voter Eligibility (SAVE) Act, was poised to be a major victory for...
Sony Loses $100M After Pulling DEI Shooter Game Concord Just Weeks After Launch
by The Blaze
Sony Interactive Entertainment embarrassingly shut down its new adventure shooting game Concord just 14 days into its release despite a reported eight years of production. One month before its August 23, 2024, release, Concord, which Blaze News reported on, was officially canceled by Sony just two weeks after its debut...
Analysis: Illegal Immigration Puts Strain on American College Students’ Education
by Campus Reform
As students head back to campus this fall, many colleges and universities are prioritizing the education of illegal immigrants at the expense of American students’ education and safety. Under the Biden-Harris administration, over 10 million immigrants are estimated to have illegally entered the United States. Once across our border, illegal...
Study: Harris' Tax Plan Could Cut 786,000 Jobs, Add $2.6T to Deficit
https://www.newsmax.com/.../harris.../2024/09/11/id/1180008/
A new study from the Tax Foundation suggests that Vice President Kamala Harris' tax plan could result in significant job losses, hinder economic growth, and complicate the U.S. tax code, The Daily Caller reported.
The report estimates that Harris' plan would cut approximately 786,000 full-time jobs and reduce the U.S. GDP by 2%. Wages could decline by 1.2%.
In contrast, former President Donald Trump's economic proposals, including a 60% tariff on China, would result in about 387,000 lost jobs but slightly increase wages by 0.6%, according to the same study.
"We find the [Harris] tax policies would raise top tax rates on corporate and individual income to among the highest in the developed world, slowing economic growth and reducing competitiveness," the study's authors — William McBride, Erica York, Garret Watson, and Alex Muresianu — wrote.
They also warned that Harris' tax credits and carve-outs would add complexity to the tax system, ultimately leading to inefficiencies and higher costs in sectors like housing.
One of the most controversial aspects of Harris' plan is a proposed increase in the corporate tax rate from 21% to 28%, which the study suggests could discourage investment and inhibit business growth. The Tax Foundation believes this change would make many business projects unprofitable after taxes, further slowing the economy.
In addition, Harris has proposed a tax on unrealized capital gains, which would tax the increase in the value of assets before they are sold. Critics argue that this could discourage investment in the stock market, a critical driver of innovation and economic growth.
According to a report from the Cato Institute, taxing unrealized gains could prompt investors to shift their assets overseas, following a pattern seen in France after a similar wealth tax drove away capital and high-net-worth individuals.