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Rep. Schiff reportedly robbed in San Francisco, forced to attend ritzy campaign dinner with no suit to wear
California Senate candidate Rep. Adam Schiff was given a rude welcome to San Francisco on Thursday as he was reportedly a victim of a carjacking just hours before a ritzy campaign dinner. According to The San Francisco Chronicle, thieves broke into his car that was parked in a downtown parking garage and stole his bags. Without business clothes to wear, Schiff still proceeded to the event in shirt sleeves and a hiking vest, according to the Chronicle, with others dressed in suits. At the dinner, Schiff thanked attorney Joe Cotchett for supporting Schiff’s bid to replace the late Dianne Feinstein and represent California in the U.S. Senate. “I guess it’s ‘Welcome to San Francisco,’” joked Cotchett’s press agent Lee Houskeeper, who was at the dinner at Ristorante Rocca, located in Burlingame. SAN FRANCISCO MAYOR BREED PROPOSES BUSINESS CURFEW TO REDUCE RAMPANT DRUG USE, CRIME During his own remarks, Schiff was reportedly unperturbed by the theft. “Yes, they took my bags,” the California representative said, per the Chronicle. “But I’m here to thank Joe.” CHINESE AMERICANS TURN ON SAN FRANCISCO DEMOCRATS OVER CRIME, EDUCATION: WSJ Schiff’s resilient demeanor prompted a compliment from Cotchett. “Adam really showed himself tonight,” Cotchett said. “He’ll be a great senator — he’s going to change the Senate tremendously.” The apparent theft came just days after the San Jose Mayor Matt Mahan’s security guard was assaulted in downtown San Jose Tuesday, according to KRON4, a local Bay Area news outlet. “While interviewing Mayor Matt Mahan in downtown San Jose, a man was shouting at us and fought Mayor Mahan’s security guard,”KRON4 reporter Jack Molmud wrote in a post along with a video of the incident. “The fight lasted a couple minutes and the man was arrested by SJPD. Police said they were compiling evidence and sending it to the DA’s office.” The San Jose Police Department “said the motive and circumstances surrounding the altercation are under investigation.” San Francisco Mayor London Breed is proposing various efforts to combat a part of the city that is notorious for high crime, homelessness and public drug use. Fox News’ Alexander Hall contributed to this report.
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Biden’s capital gains tax proposal could crush the economy, experts say
President Biden’s latest proposal to hike the top capital gains tax rate to its highest level in more than a century is facing heavy criticism from experts who warn such an action could significantly harm the U.S. economy. According to a report issued by the Treasury Department, led by Secretary Janet Yellen, the president’s proposed fiscal year 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to a staggering 44.6%. A capital gains tax hike of that magnitude would take the rate to its highest level since it was first introduced in the early 1920s. “Investment is the real driver of economic growth,” E.J. Antoni, an economist and research fellow at The Heritage Foundation, told Fox News Digital. “Investment is what gives you productivity gains. Investment is where you get factories and machines — it’s where businesses are able to provide their workers with tools and equipment that allow them to increase their productivity, to increase wages, etc.” “If you’re going to tax something, you get less of it,” he continued. “And that’s just as true for investment as it is for anything else. Taxing capital gains means less investment, it means less economic growth, and it means the rise in people’s standards of living is going to slow dramatically.” BIDEN’S COVID-19 SPENDING COMES BACK TO BITE AS INFLATION REMAINS HIGH: ECONOMISTS The Treasury Department’s report states that the 44.6% rate is a combination of proposals, including increasing the top ordinary capital gains rate from 20% to 37%. The bulk of the tax hikes impact Americans with taxable income greater than $1 million. But Antoni, who argued such a tax hike would have broad economic impacts, further noted that inflation impacts the price of equities, such as stocks. That means a tax on gains when equities are sold also taxes inflation. BIDEN CLAIMS INFLATION WAS ‘SKYROCKETING’ WHEN HE TOOK OFFICE, DESPITE DATA SHOWING OPPOSITE Increasing capital gains taxes, therefore, could create a larger incentive for lawmakers and federal policymakers to maintain high rates of inflation to guarantee larger tax revenues, according to Antoni. “These are the really dangerous Biden proposals that a lot of people miss when it’s rolled out from Treasury,” Mike Palicz, director of federal tax policy at Americans for Tax Reform, told Fox News Digital. “They actually come out and say, ‘we’re advocating for a top capital gains rate of 44.6%.’” “This is people’s nest egg. This is them saving, them investing — it’s their American dream. And here is Biden coming out with the highest proposed capital gains tax in 100 years,” Palicz said. HIGH INFLATION IS COSTING AMERICANS AN EXTRA $1K A MONTH In a recent post, Americans for Tax Reform stated that the tax proposal outlined by the Treasury Department, when paired with high state taxes, could lead to many Americans paying rates of more than 50% on income. The group also noted the proposal could crush small business owners who will be exposed to the high rate when they seek to sell their businesses. Biden’s proposal would further create a mandatory capital gains tax on transferred assets for families when parents pass away. Additionally, Biden’s proposal would impose a 25% tax on unrealized capital gains owned by Americans whose wealth exceeds $100 million. Overall, that new tax, along with the substantial capital gains tax increase, are projected to lead to nearly $800 billion in new government revenue, according to a Peter G. Peterson Foundation analysis. “The idea that this is somehow going to raise trillions upon trillions of dollars is once again based on the notion that people will respond by essentially not responding,” Antoni said. “In other words, I won’t actually change my behavior when faced with these higher tax rates.” GET FOX BUSINESS ON THE GO BY CLICKING HERE The Treasury Department didn’t respond to a request for comment.
GOP lawmakers demand major donors pull funding from Columbia over ‘antisemitic incidents’
FIRST ON FOX: House Republican lawmakers are urging major Columbia University donors who are outraged at the anti-Israel protests on campus to speak out with their wallets. “As Members of Congress, we urge donors and individuals affiliated with Columbia University to condemn the antisemitic incidents occurring on the university’s campus by pulling donations and support for the university until there are demonstrable changes in leadership, including the resignation of Columbia University President Minouche Shafik,” House Republicans, led by Rep. Eric Burlison, R-Mo., wrote in an open letter to the Ivy League’s vast and influential alumni and donor network. For days, students at Columbia and its sister school, Barnard College, have camped out on the Upper Manhattan campus while holding demonstrations in protest of Columbia’s investments in companies with ties to Israel. It’s part of a wider progressive backlash against Israel’s response to Hamas’ Oct. 7 terror attacks against the Jewish state. COLUMBIA UNIVERSITY MOVES TO HYBRID LEARNING ON MAIN CAMPUS AMID ANTISEMITIC PROTESTS But that protest and similar ones cropping up at colleges around the country are now facing bipartisan backlash and accusations of having waded into antisemitic territory. Social media videos from the anti-Israel tent encampment on Columbia’s campus show activists cheering on the deaths of Israeli soldiers and showing support for Hamas. Jewish students have reported feeling unsafe on campus and shared stories of being verbally and physically assaulted. “They were pushing and shoving me… They threw rocks at my face. At that moment, my life was totally threatened. And there was no safety authority on campus,” one student told NY1 over the weekend. COLUMBIA SETS DEADLINE FOR AGREEMENT WITH PROTESTERS, THREATENS ‘ALTERNATIVE OPTIONS’ FOR CLEARING PROTESTERS In their open letter, the House GOP lawmakers urged donors to follow the example of Robert Kraft, the billionaire owner of the New England Patriots, who pulled his support earlier this week in response to the protests. “We encourage all supporters of the university to do the same and call for the resignation of President [Minouche] Shafik,” they wrote. “The university should also provide a thorough review of all school funding and investigate the outside forces influencing students and agitators to participate in these disruptive and violent incidents that target and intimidate Jewish students on campus,” they continued. “Additionally, we urge all individuals affiliated with the university to call for a transparent and thorough audit of all university funding concerning the anti-Israel movement on campus, and what outside groups are contributing and influencing students and agitators to participate. ” OMAR’S DAUGHTER DECRIES ‘HYPOCRISY,’ SAYS ANTI-ISRAEL STUDENTS ARE ‘100% TARGETED’ AFTER SUSPENSION AND ARREST CLICK HERE TO GET THE FOX NEWS APP It comes a day after Speaker Mike Johnson, R-La., traveled to Columbia with House Education and Workforce Committee Chair Virginia Foxx, R-N.C., and three New York Republicans, where he denounced the protests and reiterated his earlier call for Shafik to resign. “I’m here today joining my colleagues in calling on President Shafik to resign if she can not immediately bring order to this chaos,” Johnson said as students heckled. “As Speaker of the House, I have committed today that the Congress will not be silent as Jewish students are expected to run for their lives and stay home from their classes hiding in fear.” Fox News Digital reached out to Columbia University for comment.
Anti-Israel agitators: Signs of ‘foreign assistance’ emerge in Columbia, NYU unrest
As city officials question who’s funding anti-Israel protests broiling with antisemitism at Columbia University and New York University and point to the nearly identical tents used at these “encampments” occupying campuses, one expert tells Fox News Digital the apparent organization and recent student “training sessions” suggests “foreign assistance.” “I think there is good reason to suspect that there is foreign assistance and coordination that’s fueling the campus protests,” Dr. Jay Greene, a senior research fellow at the Center for Education Policy at the conservative think tank The Heritage Foundation, told Fox News Digital. While the “hard evidence to prove this is still fuzzy,” given organizing happens “sometimes indirectly or secretly,” Greene said there are “enough signs to make it reasonable to suspect that that is occurring.” “Those signs include things like having common tents, having those tents all purchased and ready to go. Even the timing of the protests, right on the eve of Passover, this is well-timed to put Jewish students in a disadvantageous position because they’d be away for the holiday. And then also the remarkable similarities in language being used by protesters and foreign actors, including Hamas and Hezbollah,” he said. Greene also referenced how there have been “training sessions” at Columbia and elsewhere organized by Palestinian groups to help train students on the same “talking points” that Hamas and Hezbollah leaders have repeatedly made in speeches that call for “a global intifada and the assistance of foreign allies.” PARENTS WARN OF ‘NIGHTMARE’ CLIMATE ON COLUMBIA UNIVERSITY CAMPUS: JEWISH STUDENTS ‘ARE BEING THREATENED’ “We know that there were these training sessions, we know that there are speeches, we can see similarities in equipment. We can see similarities in language,” Greene said. “But this is not to say that these movements don’t also have a domestic origin. I mean, I think that they certainly do, but they’re being facilitated and fueled by foreign agents.” Weeks before anti-Israel demonstrations reached a fever pitch in the days following Columbia President Minouche Shafik’s testimony before Congress about antisemitism on campus, Columbia University had already suspended several students over a March 24 event hosted at a campus residential facility that the school said it already barred twice from occurring. Video circulating on YouTube showing the virtual portion of the two-hour “Resistance 101” seminar organized by “Columbia University Apartheid Divest” that featured Charlotte Kates, an international coordinator of Samidoun, the Palestinian Prisoner Solidarity Network, and her husband, Khaled Barakat. An Israeli government document links Barakat to the Popular Front for the Liberation of Palestine (PFLP), a U.S. State Department designated foreign terrorist organization. “There is nothing wrong with being a fighter in Hamas,” the speakers told students on the call, according to the New York Post. Kates, appearing remotely, said of the most extreme anti-Israel agitators at Columbia and its sister college, Barnard, “These are the people who are on the front lines defending Palestine and fighting for its liberation.” The House Committee on Education and the Workforce on March 25 also called out Barakat’s link to the PFLP terrorist group, noting how he told Columbia students during a webinar that “friends at Hamas and Islamic Jihad” emphasized the importance of support on U.S. college campuses, adding that by contrast, “they don’t care what Biden says, what Kamala Harris says.” “Every demonstration in New York matters more than all this nonsense that happens in mainstream media,” Barakat told students. “Your work is so important to the resistance in Gaza, more than ever.” Fox News Digital reached out to Kates’ group, Samidoun, for comment but did not immediately hear back. Students for Justice in Palestine’s name has been plastered among anti-Israel demonstrations at several elite universities, which Greene described as a “remarkably shadowy group,” given it doesn’t operate under its own 501c3, making it difficult to “observe exactly how it’s organized and funded.” After the 9/11 terrorist attacks in 2001, Greene told Fox News Digital how terrorist-affiliated NGOs, including the Holy Land Foundation, were prosecuted by the U.S. government for assisting terror. COLUMBIA UNIVERSITY PROTESTS: REP. ELISE STEFANIK CALLS ON BIDEN ADMIN TO DEPORT TERRORIST SUPPORTERS ON VISAS “The government bothered to investigate these organizations and the flow of funds closely enough to find organizations that were essentially abusing the nonprofit tax code to facilitate foreign influence and support for terrorism,” he said. “Over time, that same kind of investigation could occur here. And it could well reveal similar kinds of problems, but it requires a significant government intervention.” “It’s going need a presidential administration that makes this a priority,” he continued. “The Biden administration does not have this as a priority.” New York City Mayor Eric Adams and NYPD Commissioner of Operations Kaz Daughtry on Tuesday separately called out how the tents used by demonstrations all seemed similar, if not identical. “Was there a fire sale on those tents? So there’s organizing going on,” Adams said. “And what’s the goal of that organizing? That’s what we have to ask ourselves.” Similar to what happened in 2020 during the Black Lives Matter demonstrations when “anarchists came into the city,” the mayor said “outside agitators” have latched onto the Columbia and NYU protests. Adams said authorities “have identified individuals who don’t attend the schools who are on the campuses” fanning the flames of unrest. In an interview with local news Tuesday morning, Daughtry said the NYPD has identified “known professional agitators” at Monday night’s protests who wanted to “rouse up the mob mentality to agitate the officers to get the officers to react, to get one of them to assault one of the protesters, so they can get that image [that shows] ‘Look, I’m getting brutally assaulted by the police.’” “It’s great that city officials in New York are attuned to the potential difficulty here and are calling for more information,” Greene told Fox News Digital. “But they alone don’t have the resources or the reach to conduct this kind of investigation and really requires a federal effort, especially because these are international and