Wednesday, November 18, 2020

GLOBALIST DEMOCRATS NOMINATE NANCY PELOSI AS HOUSE SPEAKER TO PUSH BIDEN'S AGENDA FOR WALL STREET

 

Democrats Nominate Nancy Pelosi as House Speaker

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Wednesday, May 20, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
AP Photo/Manuel Balce Ceneta
2:15

House Democrats nominated Rep. Nancy Pelosi (D-CA) to serve another term as speaker, likely making her the next leader of Congress’s lower chamber.

The California Democrat has been the leader of her caucus for the last two decades.

House Democrat Caucus Chair Hakeem Jeffries (D-NY) said, “Nancy Pelosi is a legendary speaker. One of the best who’s ever done it, ever, in the history of the republic. She certainly has my strong support.”

Jeffries added, “Whatever happens in the future is going to happen. During the Trump era, we’ve just been all trying to get to tomorrow. Now, we’re trying to get to Jan. 20, and it will be a new day in America.”

The news follows as House Democrats have managed to lose a net eight seats during the 2020 congressional elections, resulting in a dwindled majority for Pelosi, assuming she is reelected.

The slimmer majority will make it more difficult to pass legislation on partisan lines, and make it more likely that swing district Democrats could break and vote with Republicans on controversial bills.

Congresswoman-elect Yvette Herrell (R-NM), who unseated Rep. Xochitl Torres Small (D-NM) in New Mexico’s Second Congressional District, told Breitbart News Tonight host Matthew Boyle that Pelosi’s majority is in “shambles.”

She charged that Democrats’ slimmer majority would give Republicans more leverage in the next congressional term.

“The majority for Speaker Pelosi has really gotten in shambles here, and it’s going to be a lot more difficult for her to be able to hold onto her people, and I’m just excited to be a part of that,” Herrell said.

“It’s a beautiful thing because you’re right, she’s [Pelosi] going to have such a slim margin, and I know that her members are very angry right now. They all felt that they were going to be protected; they were going to increase their numbers. It completely backfired. And here’s what I believe,” she added.

 Sean Moran is a congressional reporter for Breitbart News. Follow him on Twitter @SeanMoran3.

GLOBALIST DEMOCRATS: PARTY OF BILLIONAIRES, BANKSTERS and open BORDERS. I was reminded after reading that 131 billionaires who are pouring millions into Joe Biden’s campaign in their mindless obsession to defeat Trump in November.  Among the prominent are Jeff Skoll, of eBay who has contributed $4.5 million; Laurene Powell Jobs of Apple and owner of The Atlantic magazine has donated $1.2 million,  and Josh Bekenstein, of Bain Capital (co-founded by Mitt Romney), $5 million.  STEVE McCANN

SERVING THEIR CRONY RICH - If Biden and Harris win, the country will devolve to a kingdom of  state and regional duchies composed of  often semi-hereditary rulers in the pay of the rich, donor class, the clerisy (media scribblers, complaisant judicial appointees and academic rent seekers who promote favored policies and shut out the dissenters), an impoverished, smaller, and powerless middle class and a vast layer of muzzled, docile poor serfs (ILLEGALS). CLARICE FELDMAN

Recently the Democrat party has become the party of open borders and amnesty as well as ultimate citizenship for upwards of 22 million illegal immigrants and with open borders at least another 2-4 million more every year. The vast majority of these illegal immigrants are functionally illiterate and lacking in employable skills.  STEVE McCANN

As convention wisdom has it, nearly three million illegals live in California, but the true figure is doubtless much higherIn a legal challenge to the measure, California attorney general Xavier Becerra tipped his hand that 10 million “immigrants” live in the state. LLOYD BILLINGSLEY


Report: Fortune 500 CEOs Will Intervene if Joe Biden Isn’t Inaugurated by January 20

WASHINGTON, DC - JANUARY 31: U.S. Vice President Joseph Biden (3rd L) speaks as (L-R) Marlena Sessions, CEO of Workforce Investment Board in Seattle/King County; Gene Sperling, Assistant to the President for Economic Policy and Director of National Economic Council; Labor Secretary Thomas Perez; Stefani Pashman, CEO of Workforce Investment …
Alex Wong/Getty Images
2:12

Executives from Fortune 500 corporations say they are planning to intervene if Democrat Joe Biden is not inaugurated into office by January 20, 2021.

report by CBS News states that in a conference call late last week, Fortune 500 executives were planning to step in on behalf of Biden to pressure Republican lawmakers if President Trump holds up the former vice president’s transition.

CBS News reports:

But if Mr. Trump tries to undo the legal process or disrupts a peaceful transition to Biden, the CEOs discussed making public statements and pressuring GOP legislators in their states who may try to redirect Electoral College votes from Biden to Trump, said Yale Management Professor Jeffrey Sonnenfeld, who convened the meeting. [Emphasis added]

“They’re all fine with him taking an appeal to the court, to a judicial process. They didn’t want to deny him that. But that doesn’t stop the transition,” said Sonnenfeld. “They said if that makes people feel better, it doesn’t hurt anything to let that grind through.” [Emphasis added]

The CEOs decided to wait for the November 20 certification of votes in Georgia before meeting to decide their next moves. Action could include threats to stop donations to political action committees or even corporate relocations, Sonnenfeld said. [Emphasis added]

The big business lobby and Wall Street have been looking to undermine Trump’s economic nationalist agenda for years. The U.S. Chamber of Commerce and the Business Roundtable — both representing some of the nation’s largest multinational corporations and fighting Trump — congratulated Biden and Sen. Kamala Harris (D-CA) days after the November 3 election.

“The U.S. Chamber stands ready to work with the Biden administration and leaders on both sides of the aisle to restore public health, revitalize our economy, and help rebuild American lives and communities,” the Chamber’s statement reads.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder. 


This month, the Chamber of Commerce endorsed 23 House Democrats in vital swing districts that Republicans are hoping to win. One of those Democrats endorsed by the Chamber is Rep. Abby Finkenauer (D-IA) of Iowa’s 1st congressional district, a seat previously held by Rep. Rod Blum (R-IA).

Less than a month after endorsing Finkenauer against her Republican challenger, Ashley Hinson, the Chamber is fighting off an amendment by Finkenauer to the “Clean Economy Jobs and Innovation Act” — another indication of the Chamber’s dwindling relevance.

The Chamber’s Senior Vice President, Jack Howard, sent out an alert to its members noting their opposition to Finkenauer’s amendment, which they say will “impose an array of labor and employment restrictions on contractors performing work under this bill.”

In an exclusive report, Breitbart News noted the Chamber’s recent political turmoil.

One insider called the Chamber “an elitist organization,” while another said their Democrat endorsements were “what happens when the Washington swamp and Wall Street get together in Nancy Pelosi’s conference room and make a deal.”

The number of small businesses paying dues to the Chamber stands at less than 7,000 today, according to sources with knowledge. In its heyday, the Chamber had about 130,000 small businesses paying dues.

In response, President Trump and Vice President Mike Pence reportedly criticized the Chamber in a phone call. House Minority Leader Kevin McCarthy (R-CA) has publicly said he does not want the Chamber’s endorsement, characterizing the group as sell-outs.

The Chamber has not responded to Breitbart News’s requests for comment.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder. 

 

The clients of the USCC are the big international corporations and Wall Street.  Collectively, they loathe Trump's MAGA agenda from immigration control to renegotiated trade deals to support of small businesses, and especially to the president taking on China.

Betrayal by the US Chamber of Commerce

 

By Peter Skurkiss

 

Next to the presidential election, the focal point in November is on races for the House.  Should the Republicans take control, power would be stripped from such dangerous people as Nancy Pelosi (speaker of the House), Adam Schiff (chairman of the House Permanent Select Committee on Intelligence) and Jerry Nadler (chairman of the House Judiciary Committee), thus preventing a continuation of the politics of personal destruction aimed at President Trump.  Should the Democrats maintain their majority in the House, however, expect a rerun of 2016–2019.

Also, should the election results be contested or severely muddled, the composition of the House after January 2021 could well determine who gets the presidency under the Twelfth Amendment. 

Given what is at stake, it is disheartening although not surprising to see the U.S. Chamber of Commerce endorsing 23 Democrat candidates for the House.  What makes this more galling is that these 23 are freshmen congressmen and considered highly vulnerable.  This prompted House minority leader Kevin McCarthy (R-Calif.) to swear off any USCC endorsementsaying: "It is hypocrisy that the U.S. Chamber of Commerce would endorse Democrats that are part of this socialist agenda that is driving this country out, and it's fighting the president."

There are several reasons why Tom Donohue's USCC is doing this.  Kimberly Strassel of the Wall Street Journal speculates that it's a combination of a dubious strategy plus a bow to political correctness.  On political correctness, the organization is under pressure from high-tech companies and Wall Street to focus on climate change, diversity, raising energy taxes, and the like.  The Chamber's website already celebrates things like Black Lives Matter and Women's Equality Day.  Endorsing these at-risk Democrats and possibly preventing a GOP takeover of the House is further proof that the Chamber is "woke."

As for the Chamber's strategic thinking, Strassel sees it as trying to make nice with swing-seat Democrats in the absurd hope they will reciprocate when it comes to voting on issues important to the USCC.  Furious local members from around the country see the Chamber's leadership as being extremely gullible to think these Democrats will ever stand with business when the chips are down.  They're right.

Although Strassel doesn't mention it, it's hard to believe that Donald Trump doesn't figure prominently in the Chamber's calculation.  It will do anything to prevent the president's re-election, whatever the consequences to free markets, the country, and its own credibility.  The clients of the USCC are the big international corporations and Wall Street.  Collectively, they loathe Trump's MAGA agenda from immigration control to renegotiated trade deals to support of small businesses, and especially to the president taking on China.

What's likely to befall the USCC is this.  It will alienate much of its local membership and the Republican Party.  And when Trump wins in November, the USCC will become even a greater pariah in Washington than it is now.  And for what?  The vain hope the radical Dems might cooperate with its business agenda?  Endorsing these 23 vulnerable Democrats was a foolish move by a foolish organization.  It seems Joe Biden isn't the only one suffering from dementia.  The 82-year-old Donohue might be as well.  

 CHUCK SCUMER IS A PARASITE LAWYER FOR BANKSTERS, AMNESTY AND WIDER OPEN BORDERS! 

"Along with Obama (LAWYER) Biden (LAWYER), Pelosi and Schumer (LAWYER) are responsible for incalculable damage done to this country over the eight years of that administration." PATRICIA McCARTHY Add the Banksters’ rent boy Eric Holder (LAWYER) and the up and coming Swamp Empress Kamala Harris (LAWYER).

"Chuck Schumer and Nancy Pelosi, the twin nutters of Congress, were certain they could beat Trump at his own game, but have made fools of themselves, as usual.  The stand-off is not over but with each passing day, the Democrats reveal more of their anti-American, pro-illegal immigration  agenda.  Conservatives have been sounding the alarm for years: Democrats do not care about American citizens!"  PATRICIA McCARTHY

"They will destroy America from within.  The leftist billionaires who orchestrate these plans are wealthy. Those tasked with representing us in Congress will never be exposed to the cost of the invasion. They have nothing but contempt for us who must endure the consequences of our communities being intruded upon by gangs, drug dealers and human traffickers.  These people have no intention of becoming Americans; like the Democrats who welcome them, they have contempt for us." PATRICIA McCARTHY

SERVING THEIR CRONY RICH - If Biden and Harris win, the country will devolve to a kingdom of  state and regional duchies composed of  often semi-hereditary rulers in the pay of the rich, donor class, the clerisy (media scribblers, complaisant judicial appointees and academic rent seekers who promote favored policies and shut out the dissenters), an impoverished, smaller, and powerless middle class and a vast layer of muzzled, docile poor serfs (ILLEGALS). CLARICE FELDMAN 

Recently the Democrat party has become the party of open borders and amnesty as well as ultimate citizenship for upwards of 22 million illegal immigrants and with open borders at least another 2-4 million more every year. The vast majority of these illegal immigrants are functionally illiterate and lacking in employable skills.  STEVE McCANN

As convention wisdom has it, nearly three million illegals live in California, but the true figure is doubtless much higherIn a legal challenge to the measure, California attorney general Xavier Becerra tipped his hand that 10 million “immigrants” live in the state. LLOYD BILLINGSLEY

Democrats Want $5.5 Billion Bailout of New York City’s Illegal Population

https://fundexcludedworkers.org/
fundexcludedworkers.org/
3:37

The coronavirus crash has completely impoverished New York City’s huge illegal-migrant population, so it needs a bailout from billionaires, says a far left group of open border activists.

The advocacy group, Make the Road NY, wants to raise $5.5 billion from 120 New York billionaires to provide roughly $750 per week in aid for up to 1.2 million illegal migrants and their dependents. Numerous Democratic legislators back the campaign.

The New York Times gave the draft legislation a boost on November 15, with an excellent video report that showcased some of the unemployed, illegal migrants who were trying to earn some cash as street vendors:

On one corner, Cristina Sanchez stood forlornly at a produce stand. She had not sold a single thing. During the pandemic she had lost her job, and then her rented room, triggering a frantic hustle to survive: First she sold produce, then tacos, then produce again …

“This has affected my children [in Mexico] a lot,” Cristina said, as she started to cry. “I try to tell them that because there’s no steady work, whatever I make is only enough for me to survive for the day.”

The New York Times showcased one of the group’s members, “Gerardo,” a Mexican who arrived in 2006:

He decided to sell tacos de alambre — made with steak, chiles, bacon and cheese — on the street. The owner of a local deli let him use an enclosed sidewalk stand at night, free of charge. During the day it sells smoothies.

Gerardo’s sales have not been brisk. His tacos cost two for $5. He needs to sell at least 130 each day, a target he often misses by half.

The group also wants the state legislature to approve more licenses for street vendors — even though the extra supply of vendors would reduce income for the native-born and immigrant who operate the existing stands.

The Make the Road group said its surveys showed that:

92% of respondents reported that either they or another earner in their household has lost their job or income as a result of the crisis.

84% of respondents are now themselves unemployed, with 88% of them reporting job loss due to COVID-19.

Only 5% of respondents received unemployment benefits in the last month.

90% of household cleaners had lost their jobs. Those that were working had fewer clients than usual and had lost income.

The group’s survey says that 28 percent of renters in New York pay more than 50 percent of their wages on housing in the city’s migrant-crowded neighborhoods.

The scale of the imported poverty is huge but unclear.

Make the Road claims 1.2 million people “who haven’t received any aid,” while the New York Times says the city includes roughly half a million illegals.

The leaders in New York City choose to build their service and real-estate economies on cheap imported labor, so denying wages, jobs, and home to the many Americans who did live – or want to live — in the city.

Now the coronavirus crash is threatening the city’s economy by pushing out impoverished migrants, and their departure is pressuring employers to raise wages high enough to attract Americans to jobs in New York.

New York’s problem with impoverished illegal migrants is mirrored in Boston, Massachusetts, and in Los Angeles.


House Speaker Nancy Pelosi (D-Calif.), with Senate Minority Leader Chuck Schumer (D-N.Y.), speaks to reporters at the Capitol in Washington on Aug. 1, 2020. (Manuel Balce Ceneta/AP Photo) 


Pelosi is a ghastly creature. She and her ilk – Feinstein, Boxer, Jerry Brown, Gavin Newsom – have effectively destroyed California and they did it on purpose. They strive to import as many illegal migrants as possible; they've created and fostered the homelessness and let it fester. California is now a socialist disaster and the further destruction of the economy is just what they've wanted.  PATRICIA McCARTHY

Report: Fortune 500 CEOs Will Intervene if Joe Biden Isn’t Inaugurated by January 20

WASHINGTON, DC - JANUARY 31: U.S. Vice President Joseph Biden (3rd L) speaks as (L-R) Marlena Sessions, CEO of Workforce Investment Board in Seattle/King County; Gene Sperling, Assistant to the President for Economic Policy and Director of National Economic Council; Labor Secretary Thomas Perez; Stefani Pashman, CEO of Workforce Investment …
Alex Wong/Getty Images
2:12

Executives from Fortune 500 corporations say they are planning to intervene if Democrat Joe Biden is not inaugurated into office by January 20, 2021.

report by CBS News states that in a conference call late last week, Fortune 500 executives were planning to step in on behalf of Biden to pressure Republican lawmakers if President Trump holds up the former vice president’s transition.

CBS News reports:

But if Mr. Trump tries to undo the legal process or disrupts a peaceful transition to Biden, the CEOs discussed making public statements and pressuring GOP legislators in their states who may try to redirect Electoral College votes from Biden to Trump, said Yale Management Professor Jeffrey Sonnenfeld, who convened the meeting. [Emphasis added]

“They’re all fine with him taking an appeal to the court, to a judicial process. They didn’t want to deny him that. But that doesn’t stop the transition,” said Sonnenfeld. “They said if that makes people feel better, it doesn’t hurt anything to let that grind through.” [Emphasis added]

The CEOs decided to wait for the November 20 certification of votes in Georgia before meeting to decide their next moves. Action could include threats to stop donations to political action committees or even corporate relocations, Sonnenfeld said. [Emphasis added]

The big business lobby and Wall Street have been looking to undermine Trump’s economic nationalist agenda for years. The U.S. Chamber of Commerce and the Business Roundtable — both representing some of the nation’s largest multinational corporations and fighting Trump — congratulated Biden and Sen. Kamala Harris (D-CA) days after the November 3 election.

“The U.S. Chamber stands ready to work with the Biden administration and leaders on both sides of the aisle to restore public health, revitalize our economy, and help rebuild American lives and communities,” the Chamber’s statement reads.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder. 


https://www.theepochtimes.com/democrats-push-for-massive-tax-cut-for-the-richest-says-brookings_3494101.html?ref=brief_News&utm_source=morningbriefnoe&utm_medium=email

 

House Speaker Nancy Pelosi (D-Calif.), with Senate Minority Leader Chuck Schumer (D-N.Y.), speaks to reporters at the Capitol in Washington on Aug. 1, 2020. (Manuel Balce Ceneta/AP Photo)

POLITICS


Democrats Push for Massive Tax Cut for the Richest, Brookings Says

BY EMEL AKAN

 

September 9, 2020 Updated: September 9, 2020

 

Print

WASHINGTON—Democrats are pushing to lift the cap on the federal tax deduction for state and local taxes (SALT), but a Brookings Institution study says this would be a handout to the rich.

“Lifting the cap on the SALT deduction would massively favor the rich, with most of the benefit going to the top 1 percent,” Richard Reeves and Christopher Pulliam from the Brookings Institution wrote in a recent report.

House Democrats passed the $3 trillion HEROES Act in May. Buried in the 1,815-page relief bill is a provision that would eliminate the limitation on the SALT deduction for 2020 and 2021.

Democrats argue that lifting the cap would provide relief to people hit hardest by the virus, especially in devastated cities such as New York.

Under the old tax code, individuals who itemized their deductions were able to deduct all their SALT against their federal taxable income. The 2017 Tax Cuts and Jobs Act (TCJA), however, limited individual’s deduction for SALT payments to $10,000 a year ($5,000 for a married person filing a separate return). Any state and local individual income or property tax payments in excess of that amount are no longer deductible by individual taxpayers.

Blue state Democrats believe the SALT cap is unfair to their residents. Blue states, especially those with higher individual income and property tax rates, objected to this cap and even tried to create tax maneuvers to avoid this limitation.

Republicans, on the other hand, argue that the SALT deduction mostly benefits wealthy individuals and is unfair to residents in lower-tax states. They argue that lifting the SALT cap forces people in low-tax states such as Tennessee and Texas to subsidize high-tax states such as California and New York.

“The main argument from some on the political left for the SALT deduction is that it encourages states to spend more by making it easier for them to tax more,” the Brookings report said.

“But if the goal is for the federal government to provide additional support to state and local governments, far better to do so directly, rather than by the roundabout route of offering a tax break to the rich.”

Almost all benefits of repealing the $10,000 SALT cap would go to the top quintile, with the top 1 percent getting an average tax cut of $33,100 and 0.1 percent receiving nearly $145,000, according to Tax Policy Center estimates.

Lifting the SALT cap would give essentially no benefit to the middle class, contrary to what Democrats have argued. Only 4 percent of the benefit would go the middle class, “for an average annual tax cut of a little less than $27,” the report stated.

However, Senate Minority Leader Chuck Schumer (D-N.Y.) said in July that he would make it a priority to permanently remove the SALT deduction cap if Democrats win the Senate majority in 2020.

“I want to tell you this: If I become majority leader, one of the first things I will do is we will eliminate it forever,” he said during a press conference. “It will be dead, gone, and buried.”

Schumer, House Speaker Nancy Pelosi (D-Calif.), and Joe Biden’s presidential campaign didn’t immediately respond to requests by The Epoch Times for comment.

“At best, the SALT deduction is a warped way to do social policy; at worst, it is a politically-motivated handout to the richest people in the richest places,” the report stated.

“Rather than seeking to remove the cap on the deduction, policymakers would do better to consider steps towards the removal of the deduction itself.”

The U.S. Treasury Inspector General for Tax Administration predicted in 2019 that the SALT cap would prevent nearly 11 million taxpayers from deducting $323 billion in state and local tax payments from their federal tax returns.

“Most of the benefits of the TCJA went to the top fifth, and 20 percent went to the top 1 percent. But lifting the SALT cap would be much more favorable to the rich—with almost three times as much of the benefit going to the top one percent,” the report stated.

Follow Emel on Twitter: @mlakan