Harris to Raise Corporate Income Tax


Posted originally on Jul 24, 2024 By Martin Armstrong

Taxman

America is experiencing a 13-year high in corporate bankruptcies, with more companies going under than during the lockdown era of the pandemic. Companies are rushing to friendshoring opportunities to avoid the tax that comes with the Made in America label. Businesses are reluctant to hire even low-wage workers. America lost China as its top trading partner and is experiencing supply chain issues. Instead of implementing meaningful legislation to promote American businesses, Kamala Harris plans to increase taxes.

Kamala Harris believes that the corporate income tax rate should rise from 21% to an astounding 35%. Even Joe Biden’s plan sought to “only” raise this tax to 28%. America would lose its competitive advantage and boast one of the highest corporate taxes in the world.

The average corporate taxation rate among the G7 nations stood at 27.18% in 2023 (26.88% when weighted by GDP), while the G7 has a rate of 27.09% (26.51% weighted). China’s corporate tax rate stood at 25% last year, but the rate for Asia overall averaged 19.8% (25.02% weighted). The European Union imposed a 21.15% corporate income tax last year (25.21% weighted). The overall corporate tax rate among 181 nations was 23.45% (25.76% weighted).

Corporate taxes have been steadily declining since 1980. The 2017 Tax Cuts and Jobs Act (TCJA) was signed into law by Donald Trump reduced corporate taxes from 35% to 21% and successfully attracted business to America. Most of the provisions provided under this act are set to expire in 2025. The top marginal rate on income taxes were reduced from 39.6% to 37%, which was surprisingly controversial as people vehemently believe that those with more and the reason that others have less.

Do voters believe this measure will punish “greedy” corporations? It will only lead to costs rising for the consumers and companies taking their business offshore. They could raise taxes 100% and it STILL would not be enough to support government’s uncontrolled spending. These politicians will never look at how their policies are affecting the economy because they prefer to hunt down their own citizens for funding. It is astonishing that anyone can run for president with no working knowledge of basic economics.

Categor

Kamala Harris is NOT the Democratic Nominee


Posted originally on Jul 23, 2024 By Martin Armstrong   

Joe Biden has endorsed Kamala Harris for president. This does NOT mean that Kamala Harris is the Democratic nominee. The official nominee will be declared at the Democratic National Convention in Chicago on August 19.

Democrats should be livid that their party never offered them an alternative to Biden. They refused to permit any candidate to challenge Biden and ignored anyone who came forward. Robert F. Kennedy Jr. changed party affiliations for numerous reasons, but one major reason was that he simply was ignored in favor of the establishment’s selected candidate.

Of course, Joe Biden had to appoint Kamala Harris. It would have gone against the entire Biden-Harris campaign to endorse someone other than Biden’s original choice for second-in-line. The DEI initiatives strongly backed by the Biden Administration would crumble as one of Kamala’s leading selling points is that she is the first female minority to seek the highest office. Countless articles are already calling anyone who disagrees with a Kamala presidency racist and sexist. Harris managed to release merchandise for her presidential aspirations hours after Joe Biden retreated from the race.

The entire establishment is playing along for now. They know Kamala Harris is not their candidate of choice but they must promote her until the time is right to shock their voter base once again.

Clinton Fees

“We are honored to join the President in endorsing Vice President Harris and will do whatever we can do to support her,” the Clintons said in a joint statement. “We join millions of Americans in thanking President Biden for all he has accomplished, standing up for America time and again, with his North Star always being what’s best for the country,” they said on social media. The Clintons then ended their message by saying “the threat posed by a second Trump term,” should be the primary focus of all Democrats.

Polls conducted weeks ago show that Democrats prefer Hillary to Kamala. Fourteen million people already selected Joe Biden in the primaries. Now, the Democrats are looking at the polls and deciding to swap him out. The dialogue of Biden being an unfit candidate suddenly hit the media at the same time, followed by an impromptu debate to show the world that Joe Biden is mentally unfit. Biden didn’t suddenly fall ill. The Democrats deliberately orchestrated everything to ignore the real electoral process – they had already known Biden was unfit.

“We MUST defeat Trump to save the world!” has become the motto of the DNC. They have absolutely nothing to show for the past four years. Their entire party relies on Trump derangement syndrome where people are openly willing to sacrifice their nation to some of the most detrimental policies ever imposed simply to prevent a man they don’t personally like from becoming president.

New York Rep. Alexandria Ocasio-Cortez is too polarizing to stand a chance as the nominee, but she is doing her part in being a mockingbird for the establishment. “Kamala Harris will be the next President of the United States. I pledge my full support to ensure her victory in November. Now more than ever, it is crucial that our party and country swiftly unite to defeat Donald Trump and the threat to American democracy,” she wrote on X. “Let’s get to work.”

Elizabeth “Pocahontas” Warren agrees with her fellow “progressive.” “[Harris] is a proven fighter who has been a national leader in safeguarding consumers and protecting access to abortion,” she wrote. “As a former prosecutor, she can press a forceful case against allowing Donald Trump to regain the White House.”

North Carolina’s Governor Roy Cooper said that Harris “has what it takes to defeat Donald Trump and lead our country thoughtfully and with integrity.” Secretary of Transportation Pete Buttigieg parroted the same idea: “Kamala Harris is now the right person to take up the torch, defeat Donald Trump, and succeed Joe Biden as President.”

Illinois Governor J.B. Pritzker, once thought to be a potential candidate, fully supports Kamala Harris. Pritzker, like ALL others, maintains that defeating Donald Trump is the priority. Therefore, the Democrats are going to select the candidate they feel is most likely to win against the Trump-Vance ticket. “Vice President Harris has proven, at every point in her career, that she possesses the skills, strength, and character to lead this country and the vision to better the lives of all Americans,” Pritzker stated on social media. “She represents our Party’s best chance to defeat Donald Trump in November, and I will work my heart out to help her do that.”

Gavin Newsom of California, also thought to be a potential contender but perhaps too polarizing, warned his supporters that democracy is at stake. “With our democracy at stake and our future on the line, no one is better to prosecute the case against Donald Trump’s dark vision and guide our country in a healthier direction than America’s Vice President, @KamalaHarris.” The man has been unable to lead one state, let alone a nation.

Alexander Soros Tweet Harris

(The younger Soros proposed to Clinton’s former aide days before Trump’s assassination attempt, coincidentally. Naturally this megadonor would put the money from the Open Societies Foundation into a Clinton campaign despite his organization openly supporting Harris for the time being.)

Everyone on the left is currently agreeing with the narrative that Kamala Harris would make a fine president. They technically voted for her to be the second-in-command and must uphold this original front. However, absolutely every single politician and commentator has stressed the importance of beating Donald Trump this November. That is the entire platform for the Democrats, and that will be the reasoning behind switching out Kamala for a candidate who the people believe can beat demonized Donald Trump.

Countless articles have been subliminally supporting a Hillary presidency. The articles began when Roe v Wade was overturned by the Supreme Court and handed to the states, despite the majority of voters saying abortion is not a priority. Clinton released merchandise to fund her Super PAC after Trump was indicted. Numerous polls were put forward BEFORE Biden dropped out of the race to gauge how receptive the public would be to a Hillary campaign. The media is now churning out articles detailing a 2016 rematch between Hillary Clinton and Donald Trump. She already has the means to raise funds and the full backing of the establishment.

Kamala lost miserably when she ran for the presidency in 2020. Harris did not even reach the Iowa caucus because she received so little support from the public. She has not done a single noteworthy action as vice president, and people do not like her smugness or signature cackle. People have repeatedly said that Hillary Clinton is also not a personable figure, but they seem to respect her over Kamala Harris. It is too late to present the public with a new face. I firmly believe that the Democrats will begin to release information stating that Kamala Harris has a poor chance of defeating Donald Trump in the weeks leading up to August 19 to open the door for Hillary Rodham Clinton.

Kamala Will Announce Her VP Choice This Weekend – DNC Will Hold Virtual Roll Call Nomination as Scheduled – Then on to Chicago, no Issues


Posted originally on the CTH on July 22, 2024 | Sundance

Well, there’s the answers.  The DNC has announced they will proceed with the roll call vote for nomination next Wednesday [link].  That puts Kamala on track to announce her VP selection around this weekend.  And the cherry on the cake is Eric Holder doing the vetting for the Harris campaign.

Right on track, the process seamless.  Almost as if this was the plan all along.  lol

July 22 (Reuters) – Former Attorney General Eric Holder and his law firm, Covington & Burling LLP, will conduct vetting of potential running mates for Vice President Kamala Harris’ campaign for the U.S. presidency, according to two sources familiar with the matter.

Harris is running for the Democratic presidential nomination after President Joe Biden announced on Sunday he was stepping aside.

A campaign spokesperson for Harris declined to comment. (more)

The top list of the VP possibilities are:

• Pennsylvania Gov. Josh Shapiro, • Michigan Gov. Gretchen Whitmer, • Arizona Senator Mark Kelly, • Kentucky Gov. Andy Beshear, • North Carolina Governor Roy Cooper, • California Gov. Gavin Newsom, • Illinois Governer JB Pritzker, • Maryland Gov. Wes Moore, and • Transportation Secretary Pete Buttigieg.

Which one do you think Obama will select?

My bet is on Mark Kelly.

(Politico) – Delegates to the Democratic convention could begin voting on the party’s presidential and vice presidential nominees as early as next week, under a draft plan released Monday by the Democratic National Committee.

The proposal is scheduled to be taken up on Wednesday by members of the DNC’s Convention rules committee.

Such a timeline, if it were implemented, could result in Kamala Harris, President Joe Biden’s endorsed successor, selecting her running mate by the middle of next week.

Harris, who announced her own bid just 24 hours ago, has already effectively cleared the field of would-be challengers. She’s drawn a cascade of endorsements, from former House Speaker Nancy Pelosi to every Democratic governor in the country, many of whom have their own national ambitions.

In a call with reporters Monday night, the DNC previewed their nomination rules, which they pledged would represent a “transparent, swift and orderly process,” said DNC Chair Jaime Harrison. The DNC committed to a virtual nomination process back in May, defending against any Republican-backed legal challenges that might keep them off the ballot, particularly in Ohio.

“We will deliver a presidential nominee by Aug. 7 of this year,” Harrison added.

The DNC laid out three qualifications to be considered for the nomination: A candidate must file a formal declaration of candidacy with the DNC, meet party and legal qualifications to be president and secure at least 300 delegate signatures, no more than 50 of whom come from one state delegation. The DNC said it would provide a delegate directory to those candidates who were interested in running for the nomination.

The nomination process, depending on how many candidates qualify, will be completed between Aug. 1 and Aug. 7. (read more)

LIKELY SCENARIO ~

It’s all a performance folks.

Please remember, it was always going to be this way.

In the meantime, the Executive Branch of the U.S. Government is running on autopilot.

Biden Steps Down – Kamala for President! Hay?


Posted Jul 21, 2024 By Martin Armstrong 

Kamila Harris

As expected, Biden has decided he will end his reelection campaign. This is really no surprise; this 81-year-old’s fitness for office and ability to defeat former president Donald Trump has obviously been a failed quest. He simply said: “It has been the greatest honor of my life to serve as your President,” adding, “And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

The WOKE Democrats are salivating, for they have a black woman presidential candidate

They can check two boxes!

In a separate social media post, Biden endorsed his vice president, Kamala D. Harris, to replace him as his party’s standard-bearer ahead of its national convention on August 19-22 convention (2024.632).

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden said in a post shared on X. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

While Kamala has said she will “earn and win this nomination,” that is nowhere assured. We have not seen an “open” convention since 1968, some 56 years ago. A virtual vote would lock in a new nominee in early August. In contrast, the other option would be an “open” convention when no candidate arrives with a clear majority of delegates. In this case, the event turns into a mini-primary in which contenders scramble to persuade delegates to vote for them. This can be chaotic; parties battle each other for the nomination—e.g., Hillary, Harris, and Newsom. Indeed, I have been told that Gavin Newsom has been preparing to be president since high school.

However, the reason Biden had to step down is that some states have August deadlines to get on the ballot for the general election. We even see early voting begin in some places by September. Nevertheless, I have been reporting that this has been the strategy all along. There has NEVER been a debate BEFORE the two are nominated. The Debate was all staged, knowing that Biden was failing. The Democrats were eating their own. Just as they told Finesteing to stay in office until she died to prevent a Republican challenger, this was taking place with Biden. He was NOT to drop out UNTIL after the Republican convention. That was to deny the Republicans making speeches against a known candidate. Trump never mentioned Biden because he also knew he would not be the candidate.

A few thousand delegates representing voters officially choose the party’s nominee, whether a convention is open or not. Typically, they select the winner of the primaries — that’s what they are sent to do, pretending your vote actually counts. The Democrats refused to allow anyone else on the Democratic ticket to pave the way for what would occur. Since Biden is the primary winner, given that nobody else is allowed to challenge him, and since he is leaving the race, all his delegates are now free agents. They get to choose a candidate independently without voter input – so much for defending democracy.

There are Pledged Delegates who are committed to supporting the candidate state voters chose. However, the Democrats have their “good conscience” clause baked into their party rules that really nullify that commitment.

That’s because of a section in the DNC rules referred to as the “good conscience” clause.

Rule 13(J) reads as follows: “Delegates elected to the national convention pledged to a presidential candidate shall in all good conscience reflect the sentiments of those who elected them.”

This rule means that the delegates are really free to vote for whoever they want –

Gavin, Hillary, or Michelle.

If the party goes ahead with a long-planned that would be a virtual vote, it could officially lock in the nominee before the convention starts on August 19th, and the contest would be over. However, in this case, a virtual vote is not a typical part of the process, and it might cause even more chaos, especially among large donors. It was primarily set up to confirm Biden as the nominee before Ohio’s ballot deadline. But that seems to be out the window now. This would also reduce the time for the party to coalesce around a new nominee when there are likely to be factional differences.

It is possible that the Democratic elite could generally agree on a candidate before the convention. In that case, the convention might technically be considered open, but the proceedings could still become chaotic with disagreements. No doubt, some Democratic leaders are arguing behind the curtain that they need to settle the question quickly to begin the campaign against Trump ASAP.

The question becomes, has Biden tipped the scales toward Harris with his 3,000 delegates showing loyalty to him on the stage? I suspect the Democratic elite are not happy with Harris either. Interestingly, if there is no consensus before the delegates arrive in Chicago, the Democrats would have their first open and contested convention since 1968 when Humphrey and Muskie faced off also in Chicago – Deja Vu. There was real chaos. The 1968 Democratic National Convention was held August 26–29th, also in Chicago (1968.652).

Democratic Open Convention

The Democrats just sent this promotional piece out asking for money – of course:

Democratic Promotion What Next 7 21 24

To get their name in the roll-call vote to become the nominee, each candidate would need the signatures of at least 300 delegates, and no more than 50 can come from any one state. That is not going to be difficult for Gavin or Hillary. We will most likely start to see balloons released based on who the contenders will likely be. Of course, there will be behind-the-curtain machinations and dealmaking to create a herd of their delegates into a voting bloc. With the stakes really high, things have gone off the rails in past open conventions. We may see this as candidates claw for every vote.

Kamala Harris will have the Clintons clamping at her feet. Harris’s approval ratings are, at best, only a tick higher than Biden’s. According to polling outfit Five Thirty Eight, only 38.6% of Americans approve of Harris while 50.4% disapprove. “If you think that there is consensus among the people who want Joe Biden to leave that they will support Kamala – Vice President Harris – you would be mistaken,” Representative Alexandra Ocasio-Cortez, a Biden supporter, said on Instagram. “There’s no safe option.”

Then, there is the problem that a second vote would take place if no one has a majority. This will open the door for deal-making, and the convention would be considered “brokered,” which is a term coined long ago when party power brokers engaged in promises and arm-twisting to buy votes. The last one of those was in 1952. Most people do not know their political history. In 1952, Adlai Stevenson of the Democratic Party and Dwight D. Eisenhower of the Republican Party were both presidential nominees of their respective parties who won their nominations at brokered conventions. In 1924, the Democrats needed 103 rounds of voting to settle on a compromise candidate finally, John Davis, after the two highest vote-getters withdrew.

Biden Signs Executive Order

Practicing to sign Executive Tyrannical Orders before Leaving

Will Biden sign that Executive Order Granting Citizenship to all Illegals so they can Vote for Kamala?

and/or Start World War III sending Troops to Europe?


2024 Presidential Election by Popular Vote

Let me explain something about our computer forecast here. IT DOES NOT MATTER who is the candidate. The economy will decide the election. There is still the risk of a near-term stock market crash in September, as well as the Neocons desperate to create a false flag to justify World War III with Russia BEFORE the election and then claim that Trump is a puppet of Putin because he is against war. So get ready for that claim all over again.

Trump Putin Puppet

President Obama Has Praise for Joe, But No Endorsement for Kamala


Posted originally on the CTH onJuly 21, 2024 | Sundance

This is almost too much fun to watch unfold.  It was always going to be thus.

President Obama releases a statement praising the decision of Joe Biden but holding back from an endorsement of Kamala Harris.  Instead, the Lightbringer wants to let the party process play out in Chicago.  [Imagine that /sarc.]

President Obama – […]  We will be navigating uncharted waters in the days ahead. But I have extraordinary confidence that the leaders of our party will be able to create a process from which an outstanding nominee emerges. I believe that Joe Biden’s vision of a generous, prosperous, and united America that provides opportunity for everyone will be on full display at the Democratic Convention in August. And I expect that every single one of us are prepared to carry that message of hope and progress forward into November and beyond.

For now, Michelle and I just want to express our love and gratitude to Joe and Jill for leading us so ably and courageously during these perilous times — and for their commitment to the ideals of freedom and equality that this country was founded on. (more)

Team Clinton endorses Kamala.  Team Obama does not.

Team Clyburn doesn’t have a choice, she’s black.

Here we go again. Place your bets. Remember, Team Obama has home field advantage.

lol Too much fun!

Who is the VP of America?


Posted originally on Jul 13, 2024 By Martin Armstrong 

Well, Joe Biden, your average voter doesn’t know who the vice president is either.