President Biden wants to raise the capital gains tax rate, a tax on business investment, from the current 15-20% to 39.6%. Because, as leftist academics assure us, tax rates don’t make people change their behavior. Except that they do, particularly if those rates affect people with enough brains and money to have capital gains income.

Raising this tax is backed by several Senate Democrats and socialist Bernie Sanders, who have proposed a typically misleadingly named bill called the STEP Act (Sensible Taxation and Equity Promotion) that is anything but sensible.

https://www.westernjournal.com/democrats-tax-plan-cost-upward-1-million-jobs-families-will-lose-10000-income/?utm_source=facebook&utm_medium=empowerconservatives

You can read the details at the link, but the most important thing to know is that a new study by Regional Economic Models Inc. estimates that if passed, the STEP Act would cost between 500,000 and 1 million jobs over the next ten years and represent a loss of income of $1 trillion nationwide, or between $8000 and $10,000 per American household.

If defunding police, opening the borders, releasing criminals, bringing back lockdowns and passing this bill are their idea of being sensible, then I can see why they think free speech, fiscal restraint and personal responsibility are crazy.

The PAINTER Act

By Mike Huckabee

Alarmed by Hunter Biden’s amazingly lucrative “art” career, Florida Republican Rep. Michael Waltz has introduced a bill designed to force the Biden family to tell the truth. It’s called the “Preventing Anonymous Income by Necessitating Transparency of Executive Relatives Act,” or PAINTER Act.

https://www.westernjournal.com/gop-congressman-sets-sights-biden-family-introduces-bill-make-tell-truth/?utm_source=facebook&utm_medium=huckabee

Waltz said, “The public deserves to know who is buying Hunter Biden’s paintings and why.” I guess he doesn’t believe someone would shell out half a million dollars because the painting goes with his sofa. Oh, and the frame is really nice.

I wish him luck, even though passing a law to make Hunter Biden tell the truth about his business dealings seems about as likely to work as passing a law to make cows speak Chinese. It’s just not in his nature. I do salute him, however, for coming up with the name of that bill, which reflects more creativity than I’ve seen in any of Hunter’s paintings.

Inspiring Moments From The Olympics

By Mike Huckabee

Leftist politics destroy everything they touch, but fortunately, they haven’t entirely ruined the 2020 Olympics. Here are some moving and inspiring moments from Wednesday:

Proving that the US Women’s gymnastics team isn’t dependent on one big name, American Suni Lee delivered a fantastic performance to take the gold in the individual all-around gymnastics competition.

https://www.foxnews.com/sports/suni-lee-olympic-gold-gymnastics-individual-all-around

American swimmer Caeleb Dressel won the gold and set a new Olympic record in the 100-meter freestyle. During the medal presentation, he stood with his hand over his heart and tears in his eyes as the National Anthem played. Why, it’s almost as if he’s proud to be an American. Imagine that!

https://www.foxnews.com/sports/caeleb-dressel-gold-medal-national-anthem

And here’s a story that won’t get much play in the liberal media: Saeid Mollaei won the silver in the men’s 81kg judo event representing Mongolia, but he’s not Mongolian. The 2018 world judo champion defected from Iran after blowing the whistle on Iranian officials who ordered him to throw a match to avoid having to wrestle Israeli Sagi Muki. Israel let him train there for the Tokyo Games, and he even became friends with his rival Muki.

In accepting the silver, Mollaei said, "Thank you to Israel for all the good energy – this medal is dedicated to you as well, and I hope Israel is happy with this victory today." And he said it in Hebrew.