Numbers show Harris tax proposal would give to small business with one hand, take with the other
Vice President Kamala Harris unveiled new tax proposals for small businesses Tuesday, which she is expected to announce publicly during her stump speech in New Hampshire on Wednesday. The proposal seeks to increase the federal government’s small business tax deduction by tenfold, from $5,000 to $50,000, which the campaign indicated will help reduce the roughly $40,000 cost burden related to starting a new business. The proposal will also allow small businesses to wait to claim the deduction until they become profitable, meaning they could use it piecemeal in order to save more down the road when they are making more money. Harris is also slated on Tuesday to unveil a goal of increasing new small business applications. She wants to increase them from 19 million under the Biden administration to 25 million under a potential Harris-Walz administration. CNBC HOSTS CLASH WITH HARRIS CAMPAIGN ECONOMIC ADVISER OVER UNREALIZED GAINS TAX PROPOSAL: ‘UNCONSTITUTIONAL’ Other components of the proposal include incentivizing state and local governments to minimize the red tape associated with their business regulations,and reducing barriers to obtaining occupational licenses. Harris, meanwhile, pledged to launch a small business expansion fund to help loan providers focused on low-income areas to cover interest costs for small businesses seeking to relocate, or create jobs, in particular regions that have historically received less investment. Conservative economists are balking at the new tax proposals from Harris, arguing that Harris wants to simultaneously give businesses larger tax deductions while also increasing their tax rates. “The left hand doesn’t know what the right hand is doing,” said Heritage Foundation economist E.J. Antoni. “It’s simply incoherent.” CRITICS BLAST HARRIS’ GRASP OF INFLATION, ATTACK ON BUSINESS AHEAD OF POLICY SPEECH: ‘LUNATIC BEHAVIOR’ Fox News Digital reached out to the Harris campaign for comment on the new tax proposal package, the specific details of which still remain unknown, and was directed to a statement from former 2020 Biden campaign adviser Rhett Buttle. “This is core to her belief,” Buttle said. “She thinks small businesses are part of what creates a strong middle class and helps people build wealth in this country.” Tobin Marcus, the head of U.S. policy and politics at Wolfe Research and a former economic advisor to then-Vice President Joe Biden, told the Washington Post that politically it makes sense for Harris to lean into plans to prop up small businesses and entrepreneurs. “But in practice, targeted federal policies to help small businesses tend to be fairly small-bore,” he said. A statement from the Trump campaign on Sunday, meanwhile, told voters that if they want more money in their pockets, “the only option is to vote for President Trump.”
Illegal immigrants make up 75% of arrests in midtown Manhattan, say police: report
Migrants are flooding the criminal justice system in New York City at higher rates than previously acknowledged, making up over half of arrests in multiple areas of the city. As many as 75% of people arrested in Midtown Manhattan in recent months for crimes such as assault, robbery and domestic violence have been migrants, police sources said in a report for the New York Post. According to the report, New York City courtrooms are packed with people who are in the city seeking asylum but have run afoul of the law, with police sources saying that lax bail guidelines mean migrants are quickly back on the streets of the city after being arrested. “I would say about 75% of the arrests in Midtown Manhattan are migrants, mostly for robberies, assaults, domestic incidents and selling counterfeit items,” a Midtown Manhattan police officer told the New York Post, noting that “you can’t be 100% sure [they’re migrants] unless you arrest them in a shelter or they’re dumb enough to give you a shelter address.” COLORADO MAYOR SPEAKS OUT AFTER VIDEO OF ARMED VENEZUELAN GANG IN APARTMENT GOES VIRAL: ‘FAILED POLICY’ The true scope of the problem is likely unknown, in large part because the police are not allowed to track the immigration status of people they detain. “Police officers are prohibited from asking about the immigration status of crime victims, witnesses, or suspects and therefore the NYPD doesn’t track data pertaining to immigration statuses.,” an NYPD spokesperson told Fox News Digital. The problem is not just limited to Manhattan, with police sources telling the New York Post that more than 60% of arrests in Queens have also been migrants. “There are days we have so many migrant cases, we have to call in for extra Spanish interpreters,” a law enforcement officer at the Queens Criminal Courthouse told the New York Post. CLICK HERE FOR MORE COVERAGE OF THE BORDER SECURITY CRISIS In one case highlighted by the report, 31-year-old Ecuadorian migrant Jefferson Maldenado has been arrested in New York City five times since arriving in the U.S. earlier this year. His latest arrest was for stealing a pair of pants and a beer from a Target store, the report noted. “I wanted to change my clothes and think,” the migrant said when asked why he committed the crime, according to the report. “I wanted to sit down and think about my life, about what to do. Because this is not a normal world.” Police say the problem in the city has been made worse by New York City sanctuary city laws, which restrict police from working with U.S. Immigration and Customs Enforcement (ICE) on cases police believe involve a migrant who is in the country illegally. “New York City eliminated a tool to get rid of violent criminals. What a mess,” Jim Quinn, a former prosecutor at the Queens District Attorney’s Office, told the New York Post. “The sanctuary city law is pathetic. It’s disgusting. It’s crazy.” New York City Mayor Eric Adams has called on the City Council to change the city’s sanctuary laws, arguing last week that New York City’s law enforcement officers “don’t have the authorization to be able to go and coordinate with ICE. We have to follow the law.” CLICK HERE TO GET THE FOX NEWS APP Adams’ office did not immediately respond to a Fox News Digital request for comment. Meanwhile, some police officers in the city have become frustrated with the lack of progress, with one Queens officer arguing that New York City more resembles a “Third World Country.” “Roosevelt Avenue and 91st Street looks like a scene from ‘Casablanca’ with all the vendors. You can buy food, clothes, toys, electronics, tools and get your car washed,” the police source told the New York Post. “The area has become a Third World country, and it seems like City Hall doesn’t care about the taxpayers who live and work here.” Get the latest updates on the ongoing border crisis from the Fox News Digital immigration hub.
Harris stops in key swing state that Trump says VP, Biden ‘disrespected’
NORTH HAMPTON, N.H. – Vice President Kamala Harris heads to swing state New Hampshire on Wednesday in her 2024 showdown with former President Donald Trump, as she aims to spell out more of her economic vision for the nation. The vice president will use an event at Throwback Brewery, a popular brewery and eatery in New Hampshire’s Seacoast, to propose a tenfold-expansion of a new small business tax deduction and announce that she aims for 25 million applications for small businesses during the first term of a Harris presidency. However, the trip to New Hampshire, a down-ballot general election battleground that Democrats have won in five straight presidential contests but remains competitive in White House races, is also seen as a chance for Harris to ease any remaining hard feelings from the Democratic Party’s move to upend New Hampshire from its traditional role holding the first-in-the-nation presidential primary. The plan Harris is proposing would expand the current $5,000 startup-expense deduction for small businesses [costs for such things as market surveys, ads, and training costs for workers that small businesses shell out before they even open] to $50,000. WHAT KAMALA HARRIS WANTS TO DO WITH CORPORATE TAXES The proposal would also offer new businesses more flexibility in deciding when they can claim the larger deduction, which could lead to a bigger benefit. “The Vice President’s plan would dramatically expand support for Americans who start a small business, cut unnecessary red tape,” the Harris campaign touted. Harris and Trump have vastly different visions when it comes to business taxes. The vice president last month proposed raising the rate that major companies pay from 21% to 28%, describing it as “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.” THIS STATE COULD DETERMINE IF HARRIS OR TRUMP WINS THE PRESIDENTIAL ELECTION Her move is in-line with President Biden, whose budget proposal in March also called for setting the corporate tax rate at 28%. If realized, it would constitute a major rollback of the 2017 tax cuts, the signature domestic legislation passed during the Trump administration that dramatically cut the corporate tax rate from 35% to 21%. Trump, as he runs to return to the White House, has called for lowering the corporate tax rate to 15%. The Harris stop in New Hampshire is her first since 2021, and it is a break from her visits since replacing Biden six and a half weeks ago at the top of the Democrats’ national ticket, including visits to the seven key battleground states [Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona and Nevada] that decided the 2020 presidential election and will likely determine the winner of the 2024 contest. While New Hampshire remains a very competitive general election state, it has been 24 years since a Republican won the state’s four electoral votes, when then-Texas Gov. George W. Bush carried the state in his 2000 White House election. FOX NEWS TOWN HALL WITH FORMER PRESIDENT TRUMP MODERATED BY SEAN HANNITY – WEDNESDAY 9PM ET Trump lost New Hampshire by a razor-thin margin eight years ago to 2016 Democratic presidential nominee Hillary Clinton, but four years ago, he was defeated by Biden by seven points in New Hampshire. Fast-forward four years, and Biden enjoyed a small advantage over Trump in public opinion polling in the Granite State until his disastrous performance in a late June debate against his White House predecessor. In the wake of that debate, polls indicated a margin-of-error race in New Hampshire. However, Harris has enjoyed a wave of momentum and energy since taking over for Biden, and the latest polling in New Hampshire indicates the vice president holds a single digit lead over the former president. “The vice president is not going to take any vote for granted, and by coming here to New Hampshire, she wants to make sure that everybody should hear her message and cast their vote for her,” longtime New Hampshire Democratic Party chair Ray Buckley told Fox News. The Trump campaign, ahead of the Harris visit, emphasized that “President Trump’s campaign maintains an on-the-ground presence in New Hampshire, including staff and offices, while Kamala Harris is parachuting in because she knows that the Granite State is in play.” MARGIN OF ERROR RACE BETWEEN HARRIS, TRUMP, AS CAMPAIGN ENTERS FINAL STRETCH In reality, the Harris campaign and the Democrats have 17 campaign offices across the Granite State and enjoy a healthy ground game advantage over the Trump campaign and Republicans in the state. Trump took to social media on the eve of the Harris trip to charge that the vice president “sees there are problems for her campaign in New Hampshire because of the fact that they disrespected it in their primary and never showed up.” He also criticized Harris over inflation and housing prices, two top issues in New Hampshire. “The cost of living in New Hampshire is through the roof, their energy bills are some of highest in the country, and their housing market is the most unaffordable in history,” Trump argued. BIDEN TEAMS UP WITH HARRIS AS HE RETURNS TO CAMPAIGN TRAIL FOR FIRST TIME SINCE ENDING RE-ELECTION BID The former president’s claim that Harris “disrespected” New Hampshire points back to the move in late 2022 and early last year by the Democratic National Committee – following Biden’s lead – to bump New Hampshire from its traditional role as the first-in-the-nation presidential primary state. New Hampshire – adhering to a state law that mandates its presidential primary goes first, did just that – which meant the state’s Jan. 23 nominating contest was unsanctioned on the Democratic side. Biden kept his name off the ballot and both he and Harris steered clear of the state, but thanks to a well-organized write-in effort by New Hampshire’s Democratic establishment leaders, the president easily won the primary over his long-shot challengers. The president returned to New Hampshire in March after locking up the Democratic nomination, for a
Watch: PM Modi receives warm welcome as he arrives in Singapore, shows off his ‘dhol’ skills
Prime Minister Modi, who concluded a historic visit to Brunei was received by the Singaporean Minister for Home Affairs and Law K Shanmugham at the Changi airport and received a warm welcome from the Indian community.
Former RG Kar principal Sandip Ghosh moves SC, challenges CBI arrest
Former RG Kar principal Sandip Ghosh has filed a petition in the Supreme Court challenging his arrest by the CBI.
McCarthy’s ‘final struggles’ threaten to haunt Johnson’s government shutdown fight
Roughly 11 months have passed since former House Speaker Kevin McCarthy’s historic ouster in October 2023. Now, his successor, House Speaker Mike Johnson, R-La., is navigating the same fraught political web on government funding that amounted to one of McCarthy’s “final struggles” – but it is not yet clear that he will meet the same fate. House Republicans are huddling for a conference-wide call on Wednesday, when Johnson is expected to roll out his plan for avoiding a government shutdown by the end of the fiscal year on Sept. 30. The plan, endorsed by former President Donald Trump, would extend the current fiscal year’s government funding levels through March and would be paired with a GOP bill requiring proof of citizenship to be part of the voter registration process, multiple sources told Fox News Digital. However, at least three House Republicans who spoke with Fox News Digital would not commit to voting for such a short-term bill, known as a continuing resolution (CR). Meanwhile, others questioned the wisdom of spending the few weeks in session before Election Day on a bill virtually certain to die in the Democrat-controlled Senate. HARRIS WAS ‘OPEN’ TO PACKING SUPREME COURT DURING 2019 PRESIDENTIAL BID Most conservatives and Trump allies in the House, however, have emphatically backed the plan. “Certainly conservatives, spending hawks, frankly any Republican that doesn’t want to give Democrats or the kind of…uniparty the pen in December, so we want to kick spending into the new year,” Rep. Chip Roy, R-Texas, explained to Fox News Digital. “Certainly kicking it to March gives us that benefit. And then we should have a robust fight over whether or not we should be very clear that only citizens are voting.” Five Democrats voted with Republicans earlier this year to pass the Safeguard American Voter Eligibility (SAVE) Act, but it has since been stalled in the Senate. The White House is also opposed. Roy, however, was also part of last year’s doomed effort to pass a conservative CR with House Republicans’ marquee border security bill attached – one that was similarly panned by Democratic leaders. HARRIS CAMPAIGN MANAGER IGNORES PRESS CONFERENCE QUESTION AS VP HITS 33 DAYS WITHOUT ONE That CR failed in late September after 21 Republicans, mainly opposed to a CR on principle, voted against it. McCarthy was then forced to put a “clean” funding extension on the House floor hours before a partial government shutdown on Oct. 1, which was later the public catalyst for his ouster by eight fellow House Republicans. When asked whether he was concerned about history repeating itself, Roy said, “Last year, I had good friends that fell on both sides of that divide. But I think there’s one considerable difference, and that is President Trump has publicly called for us to fight.” Trump urged House Republicans to leverage a shutdown to get a CR with the SAVE Act passed on Monica Crowley’s podcast earlier this week. Additionally, with the November House races expected to run close in many key districts, these weeks could be Republicans’ last chance to try to force through conservative priorities before Democrats possibly win back control of the chamber. However, with the slim chances of it being taken up by the Senate or White House, the possibility of a government shutdown just before Election Day could put those same vulnerable Republicans in a tight spot. “Whether it passes the House or not is irrelevant and those who are pushing for SAVE to be included know that. Or maybe they don’t. I’m not sure which is worse,” one senior House GOP aide told Fox News Digital. HARRIS CAMPAIGN MANAGER IGNORES PRESS CONFERENCE QUESTION AS VP HITS 33 DAYS WITHOUT ONE However, Roy suggested he was not worried about a potential shutdown, arguing his constituents “don’t give two flying s—s” about the politics of government funding. Rep. Tim Burchett, R-Tenn., similarly said, “I’m worried about a stolen election…the legacy media makes these shutdowns worse than they are.” Meanwhile, like last year’s conservative CR, it is not clear this spending patch will even have enough support within the GOP to pass. Rep. Matt Rosendale, R-Mont., a House Freedom Caucus member in his final term who voted both against last year’s conservative CR and for McCarthy’s ouster, is already against the plan. “It’s disingenuous and dishonest to even do, because there’s no one in Congress that believes that by attaching the SAVE act to the CR…we’re going to get the SAVE Act passed,” Rosendale, who has never supported a CR, told Fox News Digital. He also said the play violates House GOP leaders’ pledge for single-subject legislation. However, he would not say if he would support ousting Johnson over it. “I think people keep doing the same thing, hoping they will have different results, because there’s different people doing it,” Rosendale said. When pressed on Johnson multiple times, Rosendale said, “There’s plenty of people that you can go, they’re more than glad to make comments about other members and about leadership. All I know is what I’m going to do.” Burchett, another anti-McCarthy rebel, said he would “lean towards supporting” the CR but would not commit. He said, however, that Johnson was not in danger of being ousted, adding, “A lot of other things went on” before “one of the final struggles” about spending in McCarthy’s case. McCarthy did not make himself available for an interview when asked by Fox News Digital. Johnson’s office also would not comment on the record about the CR.
California bill banning ‘legacy’ preference in college admissions heads to Newsom’s desk: ‘Fair and equitable’
The California state legislature passed a Democrat-led bill last week that, if signed by the state’s governor, would ban private colleges from admitting preferred applicants who are related to alumni, employees or donors. The bill, AB 1780, passed the Assembly unanimously and also cleared the Senate, with just five Republicans voting against it. It now heads to Gov. Gavin Newsom’s desk for approval. According to the bill’s Democratic author, Assemblymember Philip Ting, the bill “is in response to last summer’s U.S. Supreme Court ruling that bans race considerations in the college admissions process.” “If race can’t be a factor, Ting and other supporters believe wealth or relationships shouldn’t be considered either,” Ting’s office said in a news release. CALIFORNIA REPUBLICAN LAWMAKER REACTS TO ‘CRAZY’ BILL THAT WOULD GIVE UNDOCUMENTED FIRST-TIME HOMEBUYERS MONEY “Equal opportunity is the name of the game here. Everyone should be considered fairly,” Ting said in a statement. “Hard work, good grades and a well-rounded background should earn you a spot in the incoming class – not the size of the check your family can write or who you’re related to. If we value diversity in higher education, we must level the playing field. That means making the college application process more fair and equitable.” This is not the first time Ting tried to get this legislation passed to prevent preferential admissions from occurring at colleges like Stanford University or University of Southern California. The current bill has undergone several revisions from previous versions. An earlier version of the bill would strip private universities of their state grant funding if they were found to be practicing legacy admissions, but it was removed from the most recent legislation. CALIFORNIA REPUBLICAN LAWMAKER REACTS TO ‘CRAZY’ BILL THAT WOULD GIVE UNDOCUMENTED FIRST-TIME HOMEBUYERS MONEY According to Ting’s office, reports indicate that last fall, six California colleges still prioritize applicants with ties to alumni and donors. The University of Southern California admitted the most students – 1,791 – while Stanford admitted 295. Claremont McKenna and Harvey Mudd each admitted 15, and Northeastern admitted fewer than 10, while Santa Clara University reported 38, down from 1,133 the previous year. If Newsom signs the bill into law, California will become the fifth state to ban legacy admissions. Last year, Democrats on the Hill introduced a similar bill called the Fair College Admissions for Students Act, while some Republicans criticized it. “It’s a little bit interesting that the elite universities which have done so much virtue signaling with regard to addressing disparities have this by which to cultivate loyalty among its students,” Sen. Bill Cassidy, R-La., told HuffPost. PRO-LIFERS BLAST TRUMP ‘BETRAYAL’ WITH SHIFTING ABORTION STANCE, ANSWER ON FLORIDA AMENDMENT 4 “Without taking a position, I can’t help but note that irony,” Cassidy, who is a ranking member of the Senate Health and Education Committee said. “If it turns out that that is a major contributor to inequality to our nation, I would expect them to voluntarily end it if they truly mean all those things for which they signal virtue.” Republican Sens. Ted Cruz, Tim Scott and JD Vance indicated at the time they may support the bill, which has not had significant movement since July 2023. CLICK HERE TO GET THE FOX NEWS APP This month, Illinois joined Colorado and Virginia in banning legacy admissions at public colleges and universities. Maryland stands out as the only state that has banned the practice at both private and public institutions. Meanwhile, New York, Massachusetts and Minnesota are actively debating similar measures in their states.
‘Every little bit makes a difference’: Congress leader Rahul Gandhi donates his salary for relief of…
In a message, Rahul Gandhi expressed his thoughts and feelings and announced that he has donated his salary
Maryland Senate race poll shows Democrat Alsobrooks leading GOP’s Hogan, despite 1 in 3 not knowing who she is
The Democratic candidate for senate in Maryland is leading her GOP rival despite more than a third of eligible voters not recognizing her name. A poll published by Gonzales Research & Media Services this week found that Prince George’s County Executive Angela Alsobrooks has pulled ahead of Republican former Governor Larry Hogan by five points — 46% to 41%. Alsobrooks’ current success in the polls comes as a surprise, given the Democratic candidate’s continued struggles with low name recognition among voters. The Gonzales poll found that approximately 34% of registered voters do not recognize Alsobrooks by name. This includes approximately 33% of independents who do not recognize Alsobrooks, as well as 17% of eligible voters registered with the Democratic Party. NEW POLL REVEALS REPUBLICAN SENATE CANDIDATE DEADLOCKED WITH DEM IN CRUCIAL DEEP BLUE STATE Notably, 72% of total eligible voters told the pollster that they did not recognize the Democratic candidate. MARYLAND DEMOCRATIC SENATE CANDIDATE SAYS THERE SHOULD BE NO LIMIT ON ABORTION The winner of the November election will succeed Democratic Sen. Ben Cardin, who is retiring this year after serving nearly two decades in the Senate and nearly six decades as a state and then federal lawmaker. With Democrats trying to protect their fragile Senate majority, Hogan’s late entry into the race in February gave them an unexpected headache in a state previously considered safe territory. Hogan left the governor’s office at the beginning of 2023 with very positive approval and favorable ratings. A vocal Republican critic of former President Trump who previously flirted with a 2024 White House run, Hogan has repeatedly said that he will not vote for the former president in November’s election. In the spring, he stood out from most other Republicans for publicly calling for the guilty verdicts in Trump’s criminal trial to be respected. The Gonzales Research & Media Services poll was conducted from Aug. 24 to Aug. 30 and surveyed 820 self-described likely voters via phone interviews. Fox News Digital’s Paul Steinhauser contributed to this report.
Trump and Harris in toss-up races in key swing states Pennsylvania, Georgia, Nevada: poll
Former President Trump and Vice President Kamala Harris find themselves in a neck-and-neck race across major swing states as their campaigns enter the final weeks before Election Day, according to a new CNN poll. The Wednesday poll found Harris holding slight leads in Michigan and Wisconsin, while Trump holds a lead in Arizona. Meanwhile, Georgia, Nevada and Pennsylvania were toss-ups. Harris holds a 50-44% lead over Trump in Wisconsin, and a 48-43% lead in Michigan. Trump has a 49-44% lead over Harris in Arizona. For the toss-up states, Georgia and Nevada had Harris at 48% to Trump’s 47%, and in Pennsylvania they were both tied at 47%. CNN conducted its poll of likely voters from Aug. 23-29, after the conclusion of the Democratic National Convention in Chicago. The poll advertises a margin of error of 4.9%. KAMALA HARRIS HAS YET TO DO FORMAL PRESS CONFERENCE SINCE EMERGING AS DEMOCRATIC NOMINEE Pollsters within the Trump campaign say they are happy with the former president’s current performance in national surveys. They point out that the former president has a history of outperforming public opinion polls. “At this point in the race in 2016, Donald Trump was down to Hillary Clinton by an average of 5.9 points. At this point in the race in 2020, it was 6.9 to Joe Biden,” senior adviser Corey Lewandowski noted this weekend in an interview on “Fox News Sunday.” TRUMP UNLEASHES ON HARRIS, TALKING IMMIGRATION, CHINA IN EXCLUSIVE ‘LIFE, LIBERTY & LEVIN’ INTERVIEW Nevertheless, Harris’ entry into the race has undeniably galvanized Democratic voters, who had desperately low levels of enthusiasm when President Biden was running for re-election. ‘FOR ELECTION PURPOSES’: CRITICS BALK AT HARRIS’ CLAIM SHE WILL ‘ENFORCE OUR LAWS’ AT SOUTHERN BORDER Other polling shows more encouraging signs for Trump, however, with him outperforming his 2020 support among Hispanics. In a Reuters/Ipsos poll conducted Aug. 21-28, Hispanic voters give Trump a 42% to 37% advantage over Harris regarding immigration policy. Among the broader electorate, 46% preferred Trump on immigration over the 36% who preferred Harris. Hispanics, described as a diverse and fast-growing section of the electorate in the United States, prefer Harris’ approach over that of Trump by 18 points for health care and 23 points for climate change, according to the poll. On the economy, the survey found registered voters overall prefer Trump’s platform over that of Harris by 45% to 36%. Meanwhile, Nate Silver, a prominent election forecaster, demoted Harris’ chances of victory on Tuesday. He cited Harris’ comparatively poor performance in Pennsylvania, the swing state that controls the most Electoral College votes. Silver also noted that Harris didn’t benefit from a DNC bounce as much as election models had predicted.