Manchin Objects to Dems’ Billionaire Tax, Saying They ‘Create a Lot of Jobs’

West Virginia Democratic Sen. Joe Manchin came out against his party’s plan to tax billionaires in order to finance their social-spending package just hours after it was first released.

“I don’t like it. I don’t like the connotation that we’re targeting different people,” Manchin told reporters Tuesday morning, describing billionaires as people who “contributed to society and create a lot of jobs and a lot of money and give a lot to philanthropic pursuits.”

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Democrat Push to Expand Government, Inject Race Alienates 2022 Swing Voters, Polling Shows

Newt Gingrich, who crafted the Contract with America that upset Washington’s political status quo a quarter century ago, has quietly been conducting one of the most extensive polling operations ever of swing voters ahead of the 2022 election. His takeaway: Democrats’ big government, race-focused and America-disparaging agenda could bust the fragile coalition that put Joe Biden in power last November.

His polling, shared with Just the News, shows Americans overwhelmingly think the United States is the greatest county in history, prefer free-market capitalism to big government socialism, reject the premise of critical race theory that skin color is a predeterminant to success, and oppose defunding the police.

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Commentary: Be Very Skeptical About Sen. Warren Throwing More Money at the IRS

Elizabeth Warren

Closing the “tax gap,” or revenue owed to the federal government that goes uncollected, has long been a favorite deus ex machina for lawmakers who want more revenue without having to raise rates. But Internal Revenue Service (IRS) Commissioner Chuck Rettig really put dollar signs in lawmakers’ eyes when he claimed the tax gap could be as large as $1 trillion. Always eager to appear knowledgeable on policy issues, Sen. Elizabeth Warren is putting forward a plan to collect extra revenue that only gets worse the deeper you dig into it.

First and foremost, it’s important to understand how far off on an island Rettig is with his estimate. The IRS’s last official estimate of the size of the tax gap placed it at a far, far lower $381 billion. Even considering that this estimate may not have factored in underpayment from cryptocurrencies, offshore holdings, and pass-through businesses, the tax gap still remains far closer to $500 billion than to $1 trillion.

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As Biden Taps Elizabeth Warren Ally to Oversee Student Loans, Debate over Canceling Debt Looms Large

Elizabeth Warren

The Biden administration has chosen a close ally of Sen. Elizabeth Warren (D-Mass.) to oversee the nation’s expansive federal student loan program.

On Monday, Rich Cordray, director of the Consumer Financial Protection Bureau during the Obama administration, was announced as the new head of the Education Department’s Office of Federal Student Aid, which oversees over $1.7 trillion in loans to U.S. students.

In a statement following his appointment, Cordray said he sought to “create more pathways for students to graduate and get ahead, not be burdened by insurmountable debt.”

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Analysis: Senator Elizabeth Warren Appears to be Distorting Reality in Order to ‘Sell’ Her Wealth Tax Proposal

Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.

Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.

Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small.

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Elizabeth Warren Urges More Regulation to Prevent ‘Dramatic Swings’ in Stocks Like GameStop

Senator Elizabeth Warren called for an SEC investigation into Reddit posts and other entities, according to a letter she sent to the Acting Chair of the SEC.

After Redditors discovered large hedge funds had shorted massive quantities of GameStop ($GME), retail investors bought $GME in a frenzy, sending it surging  600%, and causing hedge funds to lose approximately $5 billion dollars. Popular investment platforms such as Robinhood responded by halting the ability of investors to freely purchase more shares, making their only option to sell.

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Minnesota Senator Amy Klobuchar Floated As Potential 2020 Democrat Presidential Nominee

Sen. Amy Klobuchar’s (D-MN) name is being floated as a potential presidential nominee for the Democratic Party in the 2020 election. Democrats are predicting that as many as 30 candidates could compete for the nomination, and Klobuchar’s name is consistently listed among them. The Minnesota Democrat would likely struggle in…

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Experts, Indigenous Americans, Dispute DNA Tests as ‘Proof of Native Ancestry’

by Joe Simonson   Sen. Elizabeth Warren’s attempt to fend off critics about her Native American ancestry might not pass the standards used by anthropologists and members of indigenous tribes. The Massachusetts senator and potential 2020 Democratic hopeful released results Monday of a DNA test conducted by a Stanford University…

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Phil Bredesen-Supporting Elizabeth Warren Shows No Compassion for Iowa Girl Murdered by Illegal Alien

Sen. Elizabeth Warren, who is supporting former Gov. Phil Bredesen’s campaign for the U.S. Senate, used her airtime Wednesday morning to stump for immigration reform rather than addressing the tragic death of Mollie Tibbetts. Tibbetts, who had been missing for 34 days, was found dead in an Iowa cornfield after…

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Socialists Very Active in Tennessee Democrat Party Politics

Julie Gautreau

Socialists in Tennessee apparently have even more influence over the Tennessee Democratic Party than previously believed, including at the state level. Julie Gautreau (pictured), who represents the Knoxville chapter of the Democratic Socialists of America, said as much to The Tennessee Star Tuesday. “A lot of DSA members are members…

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