“We’ve broken records with our broken records,” said Sheila Krumholz, executive director of the nonpartisan Open Secrets, which estimated on Thursday that total spending in 2021 and 2022 would reach $16.7 billion when tallied after Election Day, easily surpassing the previous midterm record of $14 billion set in 2018.
A group of about 250 millionaires on Monday urged top Democrats to include a proposal to tax billionaires‘ investment gains annually in their social-spending package, after the proposal was left out of a framework the White House released last week.
Ministers have discussed reducing the rate at which income tax relief is applied to Britain’s 5.5 million higher-rate taxpayers from 40p to a flat rate as low as 20p. Another option being considered is to increase the number of very high earners whose income tax relief is cut even further.
The total cost of pension tax relief to the Exchequer is £42.7 billion, of which £22.9 billion is relief on income tax and £19.8 billion is on National Insurance contributions.
Thousands of people rallied in the rain in central London to demonstrate against what they called ‘Tory austerity’ and demand an immediate general election.
Every Leftist revolution – Venezuela, Cuba, the USSR itself – follows the same pattern. First, Western observers gush over it – they’ve seen the future and it works. Then, as things begin to go wrong, they blame saboteurs and plead for time. Finally, when the revolution ends (as they all end) in hunger and labour camps, they insist that it was never properly socialist in the first place, and that “real socialism has never been tried”.
The plea comes three weeks before the Government unveils its Autumn Statement mini-Budget, with six in 10 voters who backed the Tories last election calling for higher taxes on the wealthy
The Oz-Fetterman race could decide whether Republicans or Democrats control the U.S. Senate; Pennsylvania will also go a long way toward determining the presidential winner in 2024, just as it fueled the victories of Obama, Trump, and Biden.