"Build Back Better's taxes, direct and indirect, would mean a world of hurt for American families.

Yes, President Joe Biden's plan socks the rich, with hikes of more than half a million bucks, on average, for the top 0.1 percent. But it also hits as many as 30 percent of the rest of us, too, according to the Tax Policy Center. Those bump-ups might be fairly small next year, but after that, the expanded child tax credit (up to $3,600 per child) expires, meaning many low- and middle-class families would see their bottom-line tax bill go up even more.

The bill will also slam the majority of the nation's 30 million small businesses by applying the 3.8 percent net investment income tax to active business income for pass-through firms. Those moms and pops will certainly feel the pinch -- but so will their customers, when they pass along the upcharge in the form of higher prices. Republicans on the House Ways and Means Committee say Build Back Better will squeeze more than $400 billion in new taxes from small businesses."

Read the entire article here.

"Worth noting, the Dems' BBB plan frontloads all of the spending in the first five years, adding $791 billion to the deficit from 2022-2026. Only in the 'out years' does the CBO project it will rein that back to just $367 billion."

"President Joe Biden's nominee to lead the Office of the Comptroller of the Currency (OCC) was arrested for allegedly shoplifting merchandise at a TJ Maxx, according to a police report.

"Cornell Law School professor Saule Omarova, who Biden picked to head the OCC in September, was arrested in 1995 for an alleged retail theft of $214 in TJ Maxx merchandise, according to police records posted by the American Accountability Foundation, a conservative watchdog group. Her arrest had previously been reported by Fox News, but the police report offers new details on the incident. ...

"Omarova allegedly stole several bottles of cologne, along with shoes, belts, and socks from a Wisconsin TJ Maxx, according to the police report. She reportedly placed the items in her bag and covered them with clothes before exiting the store, at which point she was confronted by a TJ Maxx security guard."

"President Biden's false claim that his 'Build Back Better' spending blowout (more accurately named 'Build Back Broke') would cost 'zero dollars' just got further exposed for the farce it is.

"Thanks to the nonpartisan Congressional Budget Office, we know more about how America's growing debt bomb will advance further toward detonation if Congress doesn't halt BBB socialism in its tracks.

"The CBO is meant to be the neutral referee tallying price tags for Congress' bills, and CBO boss Phillip Swagel said Monday that Democrats' BBB proposal to beef up Internal Revenue Service enforcement against tax cheats would pay a mere fraction of what Biden's team claimed it would.

"Instead of the $400 billion over 10 years Biden claimed, the CBO said it would harvest a mere $120 billion. We're still waiting for the full CBO price tag for the entire BBB package."

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"If you have an ear for it, what you can hear between the lines of recent pieces of journalism is that 1) A lot of people with a look into things at the White House think Joe Biden is not going to run for re-election. 2) Just about everyone thinks Kamala Harris is a disaster. 3) A significant portion of insider Dems think Pete Buttigieg is the cure for what ails them. 4) Kamala Harris' team is desperate.

"The Knives are Out! ...

"Anyway, I find this very amusing as gossip, but alarming as a citizen. Kamala Harris is a heartbeat away from the presidency. And if she should be called upon to serve, she will know fully well that the administration she would lead has not only sidelined her, but is now basically putting it out there in the press that she's useless cargo that needs to be discarded to save the ship from sinking.

"Good thing the US isn't facing anything serious like the worst spasm of inflation in four decades and potential serious challenges to the post-Cold War settlement in East Asia and Eastern Europe."

"A proposal to offer an additional $4,500 tax credit for the purchase of union-made U.S. electric vehicles is shaping up to be the next issue of contention in the Democrats' nearly $2 trillion budget reconciliation bill.

"Under the plan, an extra $500 tax credit would be applied if the vehicle contains 50% domestic parts.

"Democratic West Virginia Sen. Joe Manchin, a key swing vote in the evenly split Senate, has come out forcefully against the preferential $4,500 incentive. ...

"Auto makers such as Tesla, Toyota and Honda are opposed to the Democrats' proposal, given that their workforces are not unionized. ...

"Republicans have argued that a $4,500 tax credit added on top of the existing $7,500 credit for electric car purchases would disproportionately help wealthy Americans purchase pricey EVs."

Read the entire article here.

"The Biden pay cut just got more severe as surging inflation reduces Americans' real wages and living standards. On Wednesday, the Labor Department announced that the consumer price index increased by 6.2% over the last year, the fastest pace in over 30 years. October marks the sixth consecutive month that inflation has grown by 5% or more on a year-over-year basis -- significantly outpacing wage growth and putting Americans further and further behind. Bidenflation is the next pandemic.

"The topline CPI number obscures even higher inflation among commodities like food and energy that Americans actually consume. When you strip out deflationary tech products from the index, price increases are even more substantial. The price of gas is up 50% over the last year, and the cost of fuel oil to heat homes has risen nearly 60%. The price of beef is up 20% and pork 14%.

"Americans are staring down their most expensive Thanksgiving dinner in history, a bitter pill to swallow considering many families skipped Thanksgiving get-togethers last year due to the pandemic. ...

"This painful inflation is largely a result of President Biden and congressional Democrats' trillions of dollars in reckless spending that devalues the currency. Late last week, Congress passed a $1.2 trillion infrastructure-in-name-only bill that will worsen inflation by showering money on political and environmental priorities. According to the Committee to Unleash Prosperity, only about one in four of the legislation's dollars are for roads, bridges, highways, and airports. Much of the rest goes to big green boondoggles."

Read the entire article here.

"Our flag does not fly because the wind moves it. It flies with the last breath of each soldier who died protecting it."

"President Joe Biden's pick to regulate the banking system said earlier this year that she wants to 'starve' companies of money to invest in the oil and gas industry in order to fight climate change, comments that could further complicate her chances of Senate confirmation.

"Saule Omarova, who received the Lenin Personal Academic Scholarship at Moscow State University, has proposed establishing a National Investment Authority to divert investments away from the oil and gas industry and into 'clean and green' infrastructure projects. Speaking at a virtual forum in May, Omarova said 'the way we basically get rid of those carbon financiers is we starve them of their sources of capital.'

"Omarova, the nominee to lead the Office of the Comptroller of the Currency, faces stiff opposition from Senate Republicans over the National Investment Authority proposal, as well as her calls to 'end banking as we know it.' Omarova has proposed allowing the Federal Reserve to handle consumer bank deposits, replacing private banks."

Read the entire article here.

"The Democrat shellacking in last week's elections has predictably spawned countless discussions, tweets, and think pieces analyzing what went wrong. That Democrats must have a messaging problem has been the common denominator in many of these conversations.

"I would suggest that what Democrats actually have is a policy problem; not a messaging problem. And that's a much harder problem to fix.

"Their agenda simply isn't working for too many Americans. And their arrogance in refusing to consider that possibility will continue to cost them."

Read the entire article here.