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Biden says Americans who make less than $400k ‘will not pay a single penny in taxes’

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Following reports that the Biden Administration will raise taxes, President Biden held a press conference to assure many Americans that taxes for most will not increase.

“Anybody making less than $400,000 a year will not pay a single penny in taxes,” Biden said. “and we will not increase the deficit either.”

“Unlike the last gigantic tax cut which increased the deficit by $2 trillion,” Biden said, referring to the former Trump administration.

RELATED: Rapper 50 Cent does 180 after seeing Joe Biden’s tax plan, ‘Vote for Trump…I’m out’

Biden made these statements during a visit to Virginia’s Tidewater Community College. This comes as a part of the President and the First Lady’s “Getting America Back on Track” tour where they plan to discuss the American Families Plan.

The Plan, according to Biden is largely funded by closing a “loophole” within the capital gains tax. This means that when people die with large amounts of assets that are then left to their children, those children will pay a tax on the money they make by selling those stocks. Even then, only those beneficiaries who make more than $1 million will pay the tax. Biden said it will affect about 3/10ths of one percent of American taxpayers.

“They may be decent and honorable people and they are,” Biden said. “But the last thing Americans with that amount of wealth need is another tax break.”

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Economy

NYC bill trying to repeal ‘sanctuary city’ laws put in place by liberal Mayor Bill de Blasio

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New York lawmakers are introducing a bill this week to undo “sanctuary city” laws approved from 2014-2018 under then-Mayor Bill de Blasio, a Democrat. Council members Robert Holden (D-Queens) and Joe Borelli (R-Staten Island) told The New York Post they’ll introduce the bill Thursday.

Among the laws to be reversed include the prohibiting of the NYPD, and Correction and Probation departments from cooperating with U.S. Immigration and Customs Enforcement agents unless the cases involve suspected terrorists or serious public safety risks. It would also reverse rules prohibiting city agencies from partnering with ICE to enforce federal immigration laws.

“Sanctuary city laws put all New Yorkers, both immigrants and longtime residents, in danger by preventing the NYPD and DOC from working with ICE,” said Holden, a moderate Dem. “We do not need to import criminals, and only 23 years since 9/11, we have forgotten the deadly consequences of poor interagency communication. We must repeal these laws immediately.”

“Like most things in New York, sanctuary city policy is a social experiment gone off the rails,” said Borelli. “All the problems with these local laws came out during the public-hearing process, but the Council just stepped harder on the gas pedal.”

In February, Mayor Eric Adams called for the rules to be loosened so migrants “suspected” of “serious” crimes could also be turned over to ICE — as they once were under sanctuary city policies implemented as early as 1989 under ex-mayors Ed Koch and Michael Bloomberg.

Among public reasons for the push is the murder of Georgia nursing student Laken Riley.  If it wasn’t for the sanctuary city policies, Riley is among other deaths that could have been prevented if the policies were not in place, Holden and other critics have said.

The 22-year-old was found dead Feb. 22 on the University of Georgia’s campus, six months after her alleged killer Jose Antonio Ibarra, 26, was arrested in Queens and charged with endangering a child.

The Post explains of the case:

The NYPD had no choice but to cut the Venezuelan-born Ibarra loose — instead of turning him over to federal immigration officials — because he didn’t have any major crime convictions.

Council Speaker Adrienne Adams shot down the mayor’s idea just one day later, saying she and the rest of the Council’s progressive Democratic majority wouldn’t be considering any rule changes. The bill introduced this week is also likely to face objections from the Council’s left-wing Democratic majority.

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