The economy is rebounding. The only thing retarding it is Democratic governors who keep their states locked down. So if the economy is doing OK, why another relief package? Oh yeah, it’s another slush fund to transfer wealth from our grandchildren to Democrat constituencies – just like the “stimulus” package that Obama passed when he came into office. This spending is insane.

Biden unveiled the broad strokes of a rescue plan that includes items that will likely have some bipartisan support – like an additional $1,400 for Americans – boosting the total to the $2,000 per adult President Donald Trump demanded in December.

 

‘$600 is simply not enough if you still have to choose between paying rent and putting food on the table,’ Biden observed.

 

But it also outlines loftier goals, like implementing a national $15 per hour minimum wage, a campaign promise the Democrat made.

 

[…]

 

$130 billion is specifically allocated to go toward schools.

 

[…]

Welcome to Biden’s America. Right after liberal states and municipalities hammered small businesses with lockdowns and restrictions, the IRS is going to audit the hell out of them.

The Internal Revenue Service is planning to ramp up audits of smaller businesses and their investors by about 50% next year, following years of persistently low examination rates, an agency official said Tuesday.

 

The result could be a surge in audits of companies ranging from mom-and-pop retail stores and technology startups to investment funds that have historically faced only infrequent checks thanks to the time and effort required at the IRS.

 

“The IRS is focusing our efforts to increase compliance activity in this area of not only partnerships, but also investor returns related to pass-throughs,” De Lon Harris, the IRS deputy commissioner of examination for small businesses, said at an American Institute of Certified Public Accountants event. For 2021 “we are planning for 50% more than we had in the previous year.”

Yep.

When people were told they had ‘15 days to slow the spread’, they listened. While they obliged, they watched crowds gather in protest of their personal causes and politicians ignore their own rules.

As Gavin Newsom dines at French Laundry and Andrew Cuomo collects Emmy Awards, small-business owners in their states are going viral for fighting back against the orders rendering their businesses not essential. That’s how the governors have justified the shuttering of thousands of businesses since March: you are not essential. As it turns out, the least essential workers happen to be the mayors of Denver, Austin, Chicago, Philadelphia, Washington DC, New York City, San Jose and San Francisco, all of whom violated the COVID restrictions they had imposed on their own constituents. When members of our media flatter the likes of Cuomo with giant cotton swabs and late-night appearances, here’s what they should be asking: what is not an essential business?

Which businesses are not essential to people? What defines a non-essential business? Every business that employs someone is essential. Every business owned by a private citizen on personal capital is essential to that person.

And screws consumers in the rest of America in the process. Aren’t you glad that you are still paying the bill to bail them out from 2008/9?

DETROIT (AP) — General Motors is switching sides in the legal fight against California’s right to set its own clean-air standards, abandoning the Trump administration as the president’s term nears its close.

CEO Mary Barra said in a letter Monday to environmental groups that GM will no longer support the Trump administration in its defense against a lawsuit over its efforts against California’s standards. And GM is urging other automakers to do the same.

The move is a sign that GM and other automakers are anticipating big changes when President-elect Joe Biden takes office in January. Already at least one other large automaker, Toyota, said it may join GM in switching to California’s team.

It’s one perspective.

• “In our view the current rotation from some of the FAANG names and other companies tied to them is likely more attributable to profit-taking after a long profitable run ahead of the potential hike in capital gains taxes next year rather than concern that the momentum in technology is running out of steam longer term,” Oppenheimer Chief Investment Strategist John Stoltzfus writes in a note out today, but written before the Moderna vaccine update.