Where [Hillary] Clinton's plan would have a big impact is on the after-tax incomes of many of the richest people in the country. Here are some numbers from a newly updated analysis by the Tax Policy Center, a joint venture of the Brookings Institution and the Urban Institute: About ninety-two per cent of the Clinton tax increase would fall on the richest one per cent of the population -- people who earn at least $699,000 a year. These high earners would face, on average, a tax increase of $117,760. They would see their after-tax incomes reduced by 7.4 per cent. Nearly two-thirds of the Clinton tax increase would fall on the richest 0.1 per cent of the population -- people with annual incomes greater than $3.75 million. These ultra-high earners would face, on average, a tax increase of about $800,000. They would see their after-tax incomes reduced by 10.8 per cent. read more
One month ago, it looked like American democracy was on the cusp of joining the McWrap, the bar of soap, and human relationships on the long list of things that millennials had "killed." One nationwide poll released in mid-September found 44 percent of voters under 35 opting for a third party. A series of other state and national surveys put that figure between 25 and 30 percent -- more than enough to flip (what was then) an increasingly close race.
Suddenly, it seemed that the true cost of all those participation trophies and degrees in trigger-warning studies was a generation so narcissistic and entitled, it saw a potential pseudo-fascist takeover of the United States as an acceptable price for its right to express its true self in the ballot box. read more
Two weeks before Election Day, mayors can't get anyone to pay attention to good news. And there really is some.
Donald Trump has some unflattering opinions about American cities. The situation, he assured a crowd in coal-country Pennsylvania last week, is "worse than some of the war zones you're talking about. There is no education, no jobs, no safety. There is no safety."
And, he intoned, "It's getting worse and worse and worse." (In another speech, he likened cities to "hell.")
But Trump's dystopian stump speech gets heavy pushback from at least one constituency: America's mayors, who are celebrating a year of positive gains and clutching the stats to back them up. They've grown tired of hearing their cities described as toxic hellholes.
Actually, they've grown tired of listening to Donald Trump, period. read more
Hillary Clinton slammed the California National Guard and Pentagon on Monday for reportedly demanding solders who fought in wars in Iraq and Afghanistan a decade ago to return enlistment bonuses they received for their service.
"I am appalled that National Guard officials are attempting to recoup money from soldiers who accepted bonuses a decade ago," the Democratic nominee said in a statement released Monday night in response to the reports, which first appeared in the Los Angeles Times.
"These troops deserve our support and our deepest gratitude; they served admirably and upheld their part of the bargain. It is unacceptable to now subject them and their families to undue financial burdens thanks to to mismanagement from the California National Guard and rigid bureaucracy on the part of the Pentagon."
WELCOME TO THE Donald Trump show!
Tonight, the Trump campaign is kicking off a show that will air on the candidate's Facebook page every night at 6:30 pm ET via Facebook Live from the campaign war room at Trump Tower. The show will be hosted by Boris Epshteyn, a senior adviser to the campaign, Tomi Lahren, a conservative commentator for Glenn Beck's TheBlaze, and Cliff Sims, another Trump adviser. In tonight's inaugural episode they will interview Trump campaign manager KellyAnne Conway and adviser Jason Miller.
The series, which will stream Trump's rallies directly each night and feature pre-and post-event commentary, comes on the heels of the campaign's debate night Facebook Live last week, which brought in more than 9 million views. read more