Joe Biden’s tax plan forecast to raise $3 trillion over 10 years
Democratic nominee Joe Biden’s tax plan would raise $3 trillion over 10 years. Biden looks more likely than President Donald Trump to pick up spare electors. And Speaker Nancy Pelosi is making backup plans for a contested election.
That’s the amount that Biden’s tax plan would raise over the next decade, although it would even out to only about $2.65 trillion after accounting for economic effects from higher levies on companies and wages, according to new a analysis from the right-leaning Tax Foundation.
The bottom 20% of earners would see their after-tax income increase 10.8%, partially due to an increase in the child tax credit. The top 1% of earners would see their incomes decrease 9.9% as a result of higher levies on income, capital gains and additional payroll taxes.
Trump’s campaign has run ads saying that Biden’s tax plan would crush the middle class, but the data show that the bottom 80% of taxpayers would all see increases to their income in 2021 under the Democrat’s policies.
Over a decade, those individuals would see slight decreases because of indirect effects of higher taxes on businesses. -- Laura Davison
Biden Looks More Likely Than Trump to Pick Up Spare Electors
Both Biden and Trump hope to pick up a spare elector in Maine or Nebraska that could decide the presidency. But, for now, Biden has the edge.
The two states break up their electors by congressional district, which gives Trump an opportunity in rural Maine, where he won an elector in 2016, and Biden a shot in Omaha, where Obama won an elector in 2008.
A New York Times/Siena College poll released Monday showed 48% of likely voters in Nebraska’s Second Congressional District backed Biden and 41% supported Trump, with 11% undecided.
Biden is also ahead by 4 percentage points in the Real Clear Politics average of polls in Maine’s Second District.
Six out of seven scenarios presented by the Trump campaign earlier this month had Trump winning at least one elector in Maine, including two in which it provided the winning margin. None showed him losing in Nebraska.
The poll of 420 likely voters in Nebraska’s Second District was conducted Sept. 25-27. It had a margin of error of plus-or-minus 5.3 percentage points.
Pelosi Makes Plans for Electoral College Tie
In case this election hasn’t been strange enough already, Pelosi is making public plans in case of an Electoral College tie.
There are plausible, though still unlikely, scenarios in battleground states in which Biden and Trump tie at 269-269, both failing to reach the 270 electors needed to win outright.
If that happens, the presidential race is thrown to the House in January. But there’s a twist: Each state only gets one vote. And while Democrats have the majority in the House right now, Republicans control 26 state delegations.
In a letter to Democratic colleagues, Pelosi urged them to support the House Majority political action committee to try to win a handful of races that could tip more state delegations in their favor.
“Because we cannot leave anything to chance, House Majority PAC is doing everything it can to win more delegations for Democrats,” Pelosi wrote in the letter. “It’s sad that we have to plan this way, but it’s what we must do to ensure the election isn’t stolen.”
"If our systems identify that someone has visited one of these places, we will delete these entries from Location History soon after they visit," Jen Fitzpatrick, a senior vice president at Google, wrote in a blog post. "This change will take effect in the coming weeks."
Two Indo-Canadian academics, working on research to advance the betterment of mankind, have been honoured with one of the country's most prestigious awards, the Order of Canada. Their names were in the list published by the office of the governor-general of Canada Mary Simon. Both have been invested (as the bestowal of the awards is described) into the Order as a Member. They are professors Ajay Agrawal and Parminder Raina.
The world's richest person, Elon Musk, has not tweeted in about 10 days and it can't go unnoticed. The 51-year-old business tycoon has 100 million followers on the microblogging site, which he is planning to buy. Since April, he has been making headlines for the $44 billion deal and his comments and concerns about the presence of a large number of fake accounts on Twitter.
The Taliban's reclusive supreme leader Haibatullah Akhundzada joined a large gathering of nationwide religious leaders in Kabul on Friday, the state news agency said, adding he would give a speech. The Taliban's state-run Bakhtar News Agency confirmed the reclusive leader, who is based in the southern city of Kandahar, was attending the meeting of more than 3,000 male participants from around the country, aimed at discussing issues of national unity.
As the country prepares to celebrate the 155th anniversary of the formation of the Canadian Confederation, Canada Day, the traditional centre of festivities, Parliament Hill in Ottawa, will be off limits as protesters linked to the Freedom Convoy begin gathering in the capital for the long weekend. Various events have been listed by protesters including a march to Parliament Hill on Friday.