Real Money: Democratic congressional leaders revealed a plan to raise taxes on the rich and corporations to raise $2.9 trillion for financing President Biden’s social safety net. 

  The Democrats ultimately are pushing toward a $3.5 trillion bill yet facing some opposition to the price even from within the party.

  The new proposal would raise the income tax on the wealthiest from 37 to 39.6 percent. That would be levied on couples with a taxable income of $450,000 and individuals with $400,000.

  People with an adjusted gross income of $5 million or more would pay a surcharge of 3 percent.

  The House Democrats propose graduated corporate rates, with an increase to 26.5 percent for companies with taxable income of more than $5 million. That’s still far less than the 35 percent rate in effect before the 2017 tax cuts.

Recall California: California Gov. Gavin Newsom made his last pleas for survival yesterday in advance of today’s recall election. “On the other side of this recall, if we fall short, is someone that believes there should be no minimum wage. Someone who believes there should be no corporate tax. Someone that believes we should privatize Social Security,” Newsom told a crowd.

  He was talking about the Libertarian radio host Larry Elder, the highest polling among 46 contenders to replace the governor.

  This morning, the average of polls shows Newsom surviving by 57 percent.

  Campaigning  for Newsom, President Biden said, “You can either keep Gavin Newsom as your governor, or you’ll get Donald Trump,” comparing  Elder to the former president. “It’s not a joke.”

  Campaigning for Elder, the actress Rose McGowan said she abandoned the Democratic party because “Everybody who systematically traumatized, terrorized, harassed, stopped and stolen from me during my time in California and in Hollywood has been a Democrat. What a bummer for me. What a bummer to realize that behind the scenes, it’s not real.”

  In a rambling speech she said, “I’m using their airwaves, their media. For every single one of you really knows what the skinny is, what the truth is, unless you really want to live a lie.”

 Bull: The Federal Election Commission dismissed Republican accusations that Twitter broke election laws in October by blocking people from posting links to a New York Post article about President Biden’s son Hunter. 

  Twitter initially blocked the Post article based on emails taken from the younger Biden’s lost laptop, then reversed course a day later and allowed it to be posted. But the matter turned into a legal fight anyway, in part because conservatives feel they are being quashed by the liberals who run social media companies.

  Twitter said it had blocked the article for “commercial” rather than “political” reasons and that seems to have protected them from FEC punishment.

  The Post has made it the paper’s mission in recent months to be against all things Biden and neither are they fond of The NY Times, which broke the news of the FEC decision. A Post editorial says, “The Times report sneeringly begins that The Post’s article was ‘unsubstantiated,’ which is bull.”

Six Weeks: A Texas judge has blocked  the anti-abortion group Texas Right to Life from trying to enforce the new six-week abortion ban against Planned Parenthood in in that state. The injunction, in Travis County court, applies only to people affiliated with TRL. Private parties can still take action to enforce the law.

  Pro-abortion forces are fighting, but legal abortion in Texas has mostly come to a halt. Anyone having or performing an abortion after six weeks of pregnancy can be sued. The time frame is too narrow to take the risk, and that was the intent of the law.

Going Nuclear: North Korea says it successfully tested new long-range cruise missiles in what is assumed to be its efforts to develop nuclear capability.  

  The state-run Korean Central News Agency reported that the missiles showed they can hit targets at a range of 930 miles. The North hailed its new missiles as a “strategic weapon of great significance,” not so subtly hinting that they plan to arm them with nuclear warheads.

  The North says it needs nuclear weapons in order to deter what it claims is hostility from the US and South Korea. 

The Spin Rack: Following the Taliban takeover in Afghanistan, millions of Afghans could run out of food before winter and as many as a million children could starve, United Nations officials warned. — In the age of wokeness, the  Squaw Valley ski resort in Lake Tahoe has been renamed “Palisades Tahoe” because “squaw” is a “racist and sexist slur,” the company announced. — The hunt goes on for so-called “murder hornets in the Pacific Northwest. Entomologists in Washington State have destroyed two nests of the invasive Asian giant hornet and have their sights on a third. — New York Congress woman Alexandria Ocasio-Cortez showed up at the Met Gala wearing a tight-fitting floor-length white dress with “Tax the Rich” painted on the back in bright red letters. 

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