GBP News 

10 key marginal seats that may define the contest

“Tories 2017 result: Labour 25,928, Tory 25,880 Majority: 48 Remain or leave: leave 60% A classic Labour-held marginal that Johnson must win to secure a majority” writes Kate Proctor for theguardian.com. Tories 2017 result: Labour 25,572, Tory 25,385 Majority: 185 Remain or leave: remain 54% This was a shock result of the 2017 election and broke a 185-year stretch of Tory dominance in the seat.Lib Dems 2017 result: Tory 26,615, Lib Dem 24,046 Majority: 2,569 Remain or leave: remain 57% Cheltenham represents an election scenario likely to be repeated in…

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News 

Sanders plan would have billionaires taxed more than they earn

“The proposal has elicited criticism from analysts on the basis that high tax rates discourage people from working or investing, and thereby slow economic growth, and ultra-high tax rates would amplify those effects” reports washingtonexaminer.com. Bernie Sanders’ tax plan would impose annual tax rates of well over 100% on the richest 400 Americans, according to his economic advisers, mostly through his new wealth tax.”This will, in theory, accomplish it.” Of course, Sanders also does favor much higher income tax rates.Today, in contrast, the tax rate for the same group is…

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News 

Former Starbucks exec Howard Schultz rebukes Rep. Alexandria Ocasio-Cortez’s 2 signature policies

“Alexandria Ocasio-Cortez’s two signature policy plans: the Green New Deal and the 70% marginal tax rate on those who make more than $10 million” writes Sarah Gray for businessinsider.com. Ocasio-Cortez floated the idea of a 70% marginal tax rate for those making more than $10 million in January of this year.Schultz called a 70% marginal tax rate “punitive,” during the town hall on Tuesday night when asked about his tax plan, should he be elected president.Schultz then criticized President Donald Trump’s tax plan, which lowered corporate tax rates from 35%…

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News 

When the Top U.S. Tax Rate was 70 Percent—or Higher

“This post has a simple purpose: to remind people of the historical realities of tax rates in the United States” writes James Fallows for theatlantic.com. That top-tier marginal rates were so high, for so many decades, which included such notable periods of America growth, obviously doesn’t prove that the tax rate should be 70 percent again. So if you wanted to “name one” country where top-bracket marginal rates above 70 percent had been in effect and the economy still grew, that would be the United States.At the World Economic Forum…

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GBP News 

This may be an even bigger issue for Netflix than the $2-a-month price hike

“It all started when the former Wisconsin governor on Tuesday tweeted out a snark-heavy shot at proponents of the buzzy 70% marginal tax rate: See full story” reports marketwatch.com. Subscription prices will rise, but some Netflix users have other beefs with the streaming service.The recent price declines and expected growth ahead could create big opportunities. Source: marketwatch.com

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News 

Ocasio-Cortez schools GOP’s Scott Walker on the 70% marginal tax rate

“It all started when the former Wisconsin governor tweeted out this snark-heavy shot at proponents of the buzzy proposal for a 70% marginal tax rate: The Twitter mob soon formed, as the comments outnumbered the likes by about 4 to 1” writes Shawn Langlois for marketwatch.com. Alexandria Ocasio-Cortez: From there, the GIFs really started flying: The backlash comes as a poll published Tuesday shows broad support for the proposal from Ocasio-Cortez to hike the top income-tax rate to 70%. Source: marketwatch.com

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News 

Harry Reid warns on Ocasio-Cortez’s 70 percent tax hike: ‘You have to be careful’

“How do you not know how marginal tax rates work?” she said” reports washingtonexaminer.com. Alexandria Ocasio-Cortez’s push to raise the marginal tax rate to 70 percent, and he said U.S. voters don’t want “radical change quickly.” “A person could say we need to raise taxes a little bit,” Reid told the Nevada Independent.She also got into a Twitter back-and-forth with House Minority Whip Steve Scalise, R-La., who compared GOP efforts on the tax code with hers. Source: washingtonexaminer.com

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GBP News 

Majority Of Marginal Seats Back EU Membership, According To New Analysis

“If a referendum was held today 55 of the 89 most marginal constituencies would support EU membership, up from just 25 which backed Remain in 2016, according to new analysis” writes Ned Simons for huffingtonpost.com. According to the study, 32 of the marginal seats that Labour will hope to gain currently back Leave. Source: huffingtonpost.com

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GBP News 

Most voters in Tory marginals believe Chequers is ‘bad for Britain’ as critics say it is more hated than poll tax

“The majority of voters in the Conservative’s most marginal constituencies believe Theresa May’s Chequers plan is “bad for Britain”, a new poll has found as critics warned it is now more hated than the poll tax” writes Zoe Strimpel for telegraph.co.uk. A survey of 22,000 voters in the Conservative’s 44 most marginal seats found that three-quarters of people are “dissatisfied” with the Government’s handling of Brexit negotiations.The poll found that Brexit is considered more important in the marginal constituencies than the NHS and the economy. Source: telegraph.co.uk

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Crypto News 

Square Notes Marginal Profit From Bitcoin Trading…

“According to figures released by Square, Bitcoin trading generated $420,000 in profit” writes Jp Buntinx for livebitcoinnews.com. Cryptocurrency trading may not affect the stock price too much, but it is a feature that people enjoy talking about.Bitcoin trading opens a new revenue stream for Square, albeit only a marginal one.Bitcoin trading seems to play a big role in this process, despite its very low-profit margin.For Square, the launch of Bitcoin trading has generated a relatively solid revenue figure in Q2 2018. Source: livebitcoinnews.com

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