Around the world, both friends and foes will watch this week as the daughter of a former two-term vice president is likely ejected from her leadership role in the Republican Party for calling out former President Trump’s corrosive lie about last year’s election. Enemies and allies overseas, Republican and Democratic congressmen and senators at home all know 50 states certified his loss, 60 courts rejected his claims of fraud, and Donald Trump’s own FBI and DHS found no widespread fraud existed that would alter the outcome. But Rep. Liz Cheney will be punished for trying to stop his continued attack on democracy as he repeats the Big Lie.
WASHINGTON â A group of 13 House Democrats, led by Iowaâs Cindy Axne and Californiaâs Jim Costa, is pressing party leaders to exempt family farms from a tax increase President Joe Biden has proposed on inherited assets to help pay for new child care, education and other spending.
Under Bidenâs $1.8 trillion package of family-related assistance, heirs would no longer receive âstepped up basisâ for capital gains tax purposes, which resets the value of inherited property to the date of death. Instead theyâd be liable for the tax on the full appreciation in value from the time the original owner purchased the assets, in some cases many decades earlier.
May 9, 2021 12:37 p.m.
House Majority Whip Jim Clyburn (D-SC) on Sunday took aim at Senate Minority Leader Mitch McConnell (R-KY) amid House Republicans preparing to oust Rep. Liz Cheney (R-WYO as its conference chair for refusing to bend to former President Trump’s election fraud falsehoods.
In an interview with CNN, Clyburn was asked about House Republicans’ embrace of the big lie of a stolen election that Trump continues to push and how Cheney’s refusal to go along with the former president’s bogus claims led to her being ostracized within own caucus.
Clyburn acknowledged that he finds little common ground with the third-ranking Republican politically, while decrying House Republicans’ push to boot her from her leadership position.