Founding Dean at Baylor College of Medicine, Dr. Peter Hotez, discusses the state of the virus in our country and says he sees a bleak winter ahead if we do not wear masks and aggressively social distance. Aired on 10/23/2020.
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Dr. Hoetz Believes 488,000 Americans Could Be Lost By February 1st | Deadline | MSNBC
We’re in deep caca.
*Biden’s economic plans spell disaster for small businesses*
Aug 12, 2020
*Like many Democrats, Joe Biden is full of promises. The Democratic presidential candidate recently vowed to create 3 million jobs in caregiving and early education as part of his “Build Back Better” economic agenda.*
Investing $1.3 trillion into American infrastructure. Moving the U.S. economy to net-zero greenhouse gas emissions. Rebuilding the middle class. These are all Biden promises, yet his treatment of small businesses is even more troubling than the hot air.
According to Biden’s campaign website, the plan for small business is to punish “corporate America.” In promising to help “small businesses and entrepreneurs come out on the other side of this crisis,” the Biden campaign immediately pivots to addressing bailouts for “big corporations and Wall Street.” Biden will purportedly “ensure that corporate America finally pays their fair share in taxes,” yet makes no mention of the tax and regulatory hurdles facing small business.
Here’s a question for Biden and other Democrats: How does punishing “big corporations and Wall Street” help independent bookstores and mom-and-pop diners?
Of course, it doesn’t. The Democrats’ deflection should be instructive to American voters. Those political candidates who are truly interested in helping small business focus on, well, small business and lay out specific action items.
In fact, Bidenomics would do nothing but hurt small business. Biden supports increasing the minimum wage to $15 an hour, which would inundate millions of small businesses with higher labor costs. According to the nonpartisan Congressional Budget Office, a $15 hourly minimum wage would cost working Americans 1.3 million jobs, as employers struggle to afford the higher wage floor. At the same time, Biden is a proponent of mandated paid time off, another government requirement that increases labor costs.
Then there’s tax policy. Biden has promised to repeal President Trump’s Tax Cuts and Jobs Act (TCJA), which would immediately raise taxes on small businesses by increasing marginal income tax rates and eliminating the 20% small-business deduction. Biden may claim to keep small businesses exempt from tax hikes, but that is simply impossible if the TCJA is repealed. Because of the TCJA, more than 1,100 small businesses have publicly announced new hires, pay raises and more employee benefits.
Moreover, Biden vows to increase the corporate income tax rate from 21% to 28% and revert the top individual income tax rate (for taxable incomes above $400,000) back to the pre-TCJA level of 39.6%. This may seem like an attack on the “1 percent,” but small business owners earning $400,000 a year are hardly multi-millionaires and billionaires. In fact, it is precisely in the top bracket that you find job creators who provide employees and job-seekers with financial security. Target them, and career opportunities tend to dry out.
https://www.detroitnews.com/story/opinion/2020/08/13/opinion-joe-biden-economic-plans-spell-disaster-small-businesses-taxes-donald-trump/3356143001/
@Keith Johnson – Shelby GT500 at least he seems to have a plan which might lead us out of the carnage and destruction left by Trump and by Jared on admission he has no plan so to him any direction is the right direction and look where that’s gotten the country.
Yes, unfortunately.
@Mignon Simpson – Massive Tax Hikes and Freeloading is going to make America great again
so Vote yourselves a BIG FAT PAY CUT and Elect the Socialist Democrats
@Keith Johnson – Shelby GT500 I’m retired and you don’t want my ideas on taxes. They are even worse than Biden but in my opinion fair to all.
300k dead when taking into account the extra deaths not officially attributed to Covid.
400k to 500k dead expected by Jan. The US has 4% of the world’s population, 20%+ of the Covid cases and deaths.
And all this would have been largely prevented with a functioning adult in office and a party in power that aligns its views with reality, unlike the GOP. VOTE blue all the way through!
*Biden’s economic plan could crush nation’s recovery from coronavirus pandemic, conservative economists say*
*The Democratic presidential candidate’s plan would ultimately result in about 4.9M fewer full-time employees*
Oct 19, 2020 https://www.foxbusiness.com/economy/bidens-economic-plan-could-crush-nations-recovery-from-coronavirus-pandemic
Joe Biden’s economic agenda could destroy millions of American jobs and crush the nation’s slow-but-steady recovery from the coronavirus pandemic, according to new projections from President Trump’s former economists.
The Democratic presidential candidate’s plan would ultimately result in about 4.9 million fewer full-time employees and reduce the nation’s GDP, the broadest measures of goods and services produced in the country, by more than 8% over the next decade, according to the report, which was authored by Casey Mulligan, a University of Chicago professor who previously served as chief economist of the White House Council of Economic Advisers; Kevin Hassett, also a former White House economist now at Stanford University’s Hoover Institution; Timothy Fitzgerald and Cody Kallen.
A Biden presidency would translate into a loss of roughly $6,500 per household per year, the study shows.
The economists projected that Biden’s plan to expand subsidies for health insurance under the Affordable Care Act; undo some of the 2017 Tax Cuts and Jobs Act and increase the taxation of corporates; and establish new environmental standards, reversing years of regulatory reform, would discourage Americans from working more and earning more.
The former vice president has unveiled a multitrillion-dollar agenda that would be funded in large part by higher taxes on wealthy U.S. households – which he describes as anyone earning more than $400,000 annually – and corporations. That includes higher income tax rates, an expansion of the payroll tax for Social Security, new tax credits and fewer deductions.
Almost 80% of the tax increases backed by Biden would land on the top 1% of earners in the U.S., according to a recent projection from the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania’s Wharton School.
Biden has pledged to hike the corporate tax rate from 21% to 28% on “day one” if he wins the Nov. 3 election, regardless of the nation’s unemployment rate.
“I’d make the changes on the corporate taxes on day one,” he told CNN’s Jake Tapper in mid-September. “And the reason I’d make the changes to corporate taxes, it can raise $1.3 trillion if they just started paying 28% instead of 21%. What are they doing? They’re not hiring more people.”
On top of that, Biden has promised to roll back other changes made by Trump in the 2017 Tax Cuts and Jobs Act, including restoring the top individual income tax bracket to 39.6% from 37% for those earning more than $400,000 annually.
That would result in an average tax increase of nearly $300,000 for households in the top 1% of the country, compared with a $260 per year increase for those in the middle, according to the Tax Policy Center.
Biden has also said he will subject wages above $400,000 to the 12.4% payroll tax, creating a so-called “donut hole” for earnings between $137,700 and $400,000, which would be exempt.
Other analyses of Biden’s tax plans are more optimistic: Findings from the Penn Wharton Budget Model estimate it would cause the nation’s GDP to shrink by 0.4% in 2030, and increase by 0.8% in 2050.
A separate report released by Moody’s Analytics found that Biden would create roughly 7 million more jobs than Trump if he wins the November election.
According the the University of Washington over 500,000 Americans could die by February 28 – even as high as 1,000,000. Every vote counts – and so does every mask. Be a hero – save a life – wear a mask. “The situation will be even more disastrous if states continue to ease off on measures designed to restrict the spread of the virus, such as the shuttering of certain businesses and social distancing edicts. If states wind down such protections, the death toll could top 1 million people in America by 28 February, the study found.” Oliver Milman for The Guardian, October 23, 2020
@Nine Fools Wise latest survival rate estimates from the Center for Disease Control:
• Age 0-19 … 99.997%
• Age 20-49 … 99.98%
• Age 50-69 … 99.5%
• Age 70+ … 94.6%
The “science” argument is officially over. An increasing number of doctors and medical experts are breaking ranks and explaining how the current mass hysteria over “cases” (which now includes perfectly healthy people) is essentially meaningless propaganda: https://www.cdc.gov/coronavirus/2019-ncov/hcp/planning-scenarios.html
@Yashar’el in Captivity Citing fake COVID-19 statistics while misunderstanding the basic significance of CDC data is more than irresponsible, it’s deadly. The CDC’s Weekly Updates by Select Demographic from 10/22/20, “Latest death counts indicate that the crude case fatality rate is around 28 percent for patients 85 or older and 18 percent for 75-to-84-year-olds. That rate falls to about 8 percent for 65-to-74-year-olds, 2 percent for 50-to-64-year-olds, 0.6 percent for patients in their 40s, 0.2 percent for patients in their 30s, 0.06 percent for patients in their late teens and early 20s, 0.02 percent for 5-to-17-year-olds, and 0.04 percent for children 4 and younger.” Also, you don’t account for morbidity as well as mortality. But the numbers are not what is important – every life is. And collectively, we can save tens of thousands of lives; the more masks we wear the more lives we save and that equals a healthier economy. P.S. COVID is over 10X deadly that the seasonal flu and is on track to be the third leading cause of death only behind heart disease and cancer. i.e. – Wear your mask, wash your hands and keep social distancing to protect yourself and your loved ones. Free your mind from captivity – leave your Platonic cave. Sunlight is good. Cheers.
@Yashar’el in Captivity Anyone who would be alive today if it were not for COVID-19 is counted as a COVID death. Estimates point to an undercount. Perhaps listen to some music and stop spreading propaganda that hurts people.
Daily Reminder: Trump called Corona Virus a Democrat Hoax that will “magically” disappear.
@Keith Johnson – Shelby GT500 copy, paste, repeat. Cool job for a troll.
Trump SAID Covid-19 WOULD DISAPPEAR 38X SINCE SPRING
TRUMP DIDN’T TALK ABOUT THE STEEP RISE IN COVID19
THE DAY OF THE DEBATE THE USA HIT 78,000 NEW COVID19 CASES
THE US MAY HIT 100,000 NEW CASES A DAY BY NOV 3
225,000 DEATHS
NEARLY 9 MILLION COVID19 INFECTED
1 IN 3 WILL EXPERIENCE LONG TERM HEALTHCARE ISSUES FROM COVID19
EVEN THE YOUNG AND HEALTHY
THAT IS NEARLY 3 MILLION AMERICANS
@Dave Schultz
You’re all over the place today komrade 😂
@Keith Johnson – Shelby GT500
Lmaoooooo
Desperation is showing komrade
By February, 1 out of every 370 Americans above the age of 45 will have died because of covid.
Today, 1 out of every 690 American above the age of 45 has died because of covid.
145 million Americans above age 45 / 210,000 Americans above age 45 are dead = 690
145 million Americans above age 45 / 400,000 Americans above age 45 dead = 370
….. math and science doesn’t lie and downplay human suffering ….. sociopaths do.
–
–
When we hit 500,000 Trump will say he solved the housing crisis.
Over 25,000 American Patriots at Trump’s rally last week! 😀
tinyurl.com/yyd48zyr 🌊
You won the Internet today with this comment.
Since he seems to believe that only the elderly die of covid, maybe he thinks he is “fixing” Social Security.
Ooops, sorry – I said Donald Trump thinks. I apologize for my error.
Don’t worry IF Biden wins these statistics will improve miraculously. Fake news think the voters are stupid, nobody with an ounce of common sense believes this and Trump will win.
@Donald Trumpp It only will improve if people wear masks. If Joe Biden is elected and encourages people to wear masks, I’m sure the number will go down significantly. But I doubt it would affect the COVID statistics among Trump supporters.
This Doc speaks as though we currently have an effective executive branch
The true character of an individual will always be revealed when they are faced with a crisis or adversity. And the eternal question will always be: at the moment of truth, when it truly mattered, what did they do? How did they respond?
In the midst of a national health crisis, when America needed a leader the most, Trump has categorically failed. He failed at the moment of truth. It has been a catastrophic failure, with lethal consequences. His lies, indifference, and downplaying of the coronavirus pandemic, will be remembered as the greatest dereliction of duty in presidential history. It is why this virus will be remembered by historians as The TrumpVirus, and rightfully so, because it didn’t have to be this way. The needless loss of more than 200 thousand American lives is now Trump’s legacy.
We owe it to the more than 220 thousand American souls that are no longer with us, to remove Trump from office.
Almost 500,000 of our fellow citizens may die. This is heartbreaking! Having lost two brothers, I really don’t want anyone to go through what my family has endured.
*WSJ: Biden Economics Will Lead To $6,500 Drop In Median Annual Household Income*
Oct 19, 2020 https://lidblog.com/biden-economics/
*According to a Hover institute Study analyzed by the Wall Street Journal, the Biden economic plan will result in the median annual American household income to drop by $6,500. The Hoover study examines Biden’s proposals on health insurance, taxes, energy, and regulation.*
~ Overall, the authors estimate that the Biden agenda, if fully implemented, would reduce full-time equivalent employment per person by about 3%, the capital stock per person by some 15%, and real GDP per capita by more than 8%. Compared to Congressional Budget Office estimates for these variables in 2030, this means there would be 4.9 million fewer working Americans, $2.6 trillion less in GDP, and $6,500 less in median household income.
Or, to put it more directly–we will be screwed.
Per the Journal, we probably won’t go into the depression predicted by President Trump; however, things will get pretty depressing. He would start with a booming economy set up by President Trump, but things will slow down and sink into malaise.
The study explains many factors behind income reductions. A big part of it is the taxes and regulations that will disincentivize hiring. The opposite of what Trump did to get the economy going.
~ Mr. Biden is also proposing substantial increases in business tax rates that will raise the cost of capital. The former Vice President likes to say he’d only raise the top corporate tax rate to 28% from 21%. But so-called pass-through entities (often small businesses) employ more than 40 million Americans, and most pay taxes at the individual tax rate.
~ “Biden’s plan to raise personal income and payroll tax rates would push their federal rates from below 40 percent to, often, above 50 percent, and these are on top of state income taxes,” the authors write.
~ Mr. Biden would also raise capital costs by phasing down bonus depreciation in the 2017 tax reform, and he’d raise labor costs by imposing the 12.4% Social Security payroll tax to income above $400,000. The $400,000 threshold isn’t indexed for inflation so it would apply to ever-more Americans as the years go by.
The study goes into detail explaining how Biden’s health and energy plans will also increase the cost of employing people eventually leading to higher unemployment—lower household income.
Biden learned how to prevent a full booming economy from Barack Obama. The bottom line is that if you want a growth economy, vote for Trump.
TRUMP DIDN’T TALK ABOUT THE STEEP RISE IN COVID19
THE DAY OF THE DEBATE THE USA HIT 78,000 NEW COVID19 CASES
THE US MAY HIT 100,000 NEW CASES A DAY BY NOV 3
225,000 DEATHS
NEARLY 9 MILLION COVID19 INFECTED
1 IN 3 WILL EXPERIENCE LONG TERM HEALTHCARE ISSUES FROM COVID19
EVEN THE YOUNG AND HEALTHY
THAT IS NEARLY 3 MILLION AMERICANS
“IF YOU DIE OF A CLEAR ALTERNATE CAUSE AND WAS DIAGNOSE WITH COVID..ITS COUNTED AS A COVID DEATH” – ILLINOIS Dept. of Health Director – https://www.bitchute.com/video/zGOvmnGxtp8g/
Sorry for your loss
*Biden’s economic plan could crush nation’s recovery from coronavirus pandemic, conservative economists say*
*The Democratic presidential candidate’s plan would ultimately result in about 4.9M fewer full-time employees*
Oct 19, 2020 https://www.foxbusiness.com/economy/bidens-economic-plan-could-crush-nations-recovery-from-coronavirus-pandemic
Joe Biden’s economic agenda could destroy millions of American jobs and crush the nation’s slow-but-steady recovery from the coronavirus pandemic, according to new projections from President Trump’s former economists.
The Democratic presidential candidate’s plan would ultimately result in about 4.9 million fewer full-time employees and reduce the nation’s GDP, the broadest measures of goods and services produced in the country, by more than 8% over the next decade, according to the report, which was authored by Casey Mulligan, a University of Chicago professor who previously served as chief economist of the White House Council of Economic Advisers; Kevin Hassett, also a former White House economist now at Stanford University’s Hoover Institution; Timothy Fitzgerald and Cody Kallen.
A Biden presidency would translate into a loss of roughly $6,500 per household per year, the study shows.
The economists projected that Biden’s plan to expand subsidies for health insurance under the Affordable Care Act; undo some of the 2017 Tax Cuts and Jobs Act and increase the taxation of corporates; and establish new environmental standards, reversing years of regulatory reform, would discourage Americans from working more and earning more.
The former vice president has unveiled a multitrillion-dollar agenda that would be funded in large part by higher taxes on wealthy U.S. households – which he describes as anyone earning more than $400,000 annually – and corporations. That includes higher income tax rates, an expansion of the payroll tax for Social Security, new tax credits and fewer deductions.
Almost 80% of the tax increases backed by Biden would land on the top 1% of earners in the U.S., according to a recent projection from the Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania’s Wharton School.
Biden has pledged to hike the corporate tax rate from 21% to 28% on “day one” if he wins the Nov. 3 election, regardless of the nation’s unemployment rate.
“I’d make the changes on the corporate taxes on day one,” he told CNN’s Jake Tapper in mid-September. “And the reason I’d make the changes to corporate taxes, it can raise $1.3 trillion if they just started paying 28% instead of 21%. What are they doing? They’re not hiring more people.”
On top of that, Biden has promised to roll back other changes made by Trump in the 2017 Tax Cuts and Jobs Act, including restoring the top individual income tax bracket to 39.6% from 37% for those earning more than $400,000 annually.
That would result in an average tax increase of nearly $300,000 for households in the top 1% of the country, compared with a $260 per year increase for those in the middle, according to the Tax Policy Center.
Biden has also said he will subject wages above $400,000 to the 12.4% payroll tax, creating a so-called “donut hole” for earnings between $137,700 and $400,000, which would be exempt.
Other analyses of Biden’s tax plans are more optimistic: Findings from the Penn Wharton Budget Model estimate it would cause the nation’s GDP to shrink by 0.4% in 2030, and increase by 0.8% in 2050.
A separate report released by Moody’s Analytics found that Biden would create roughly 7 million more jobs than Trump if he wins the November election.
After darkest winter in American history hope will spring forth 👀! We shall overcome 😷✊🕳
So _”Bowties are cool”_ seems to be more than a line from a tv show.
We are rounding the corner “
In the wrong direction
ON WHAT? Trump’s agenda?
I’ve never seen Nicole Wallace being so Godsmacked
It’s so exciting!
As a mental health professional I can certainly say that there will be a sharp increase in referrals for therapy and anxiety medication; in fact, there already is!
Mr President “your fired!”.
I surely hope and pray
Trump’s denial of the virus will ultimately cost him the election in red states!
You underestimate the power of the Fox propaganda machine.
Even with a vaccine and a Biden win, nothing is going to change this trajectory by February. Russia approved a vaccine 2 1/2 months ago and their daily infection rate has increased by 2 1/2 times.
Everyone who votes for Trump is pro death.
“You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose.’
– Dr Seuss
Vote and evict!!
Australia 900 deaths USA 223,000+ (if we had the same rate as you Australia would have 20,000 deaths) Spin out of that
I’d rather get coronavirus than to keep having to live like this!