Tag: joe biden

The single biggest provision in Biden bill in first half-decade is tax cut for wealthy

The most expensive item over the first half-decade of President Joe Biden’s climate and social spending legislation is a tax cut for the wealthy.

The Democratic Build Back Better Act, which passed the House on Friday morning, raises the current $10,000 cap on federal tax deductions for state and local taxes to $80,000, a move that leads to a significant tax cut for high earners in states with high taxes.

The provision dwarfs many of the other priorities in the legislation and was included under pressure from a vocal contingent of Democrats from high-tax blue states.

The nonpartisan Committee for a Responsible Federal Budget said that increasing the SALT cap to $80,000 through 2025 would end up costing the federal government $275 billion in revenue — an amount that is $5 billion more than the next costliest provision in the Build Back Better Act.

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Joe Biden Wants To Have The IRS Harass Americans While Dodging It Himself

The White House fears that an impending Congressional Budget Office analysis will say Democrats’ spending bill would increase federal deficits. The dispute seems unsurprising, given the myriad budgetary gimmicks in the bill—but not for the reasons one might expect.

Ignore for a moment the fact that the bill contains ten years of tax increases to pay for a few years’ of spending that Democrats later hope to extend, meaning that independent budget analysts have pegged the bill’s true ten-year cost not at $1.75 trillion but nearer to $5 trillion. Ignore too the fact that front-loading the bill’s spending means it will almost certainly increase federal deficits in the short-term, exacerbating inflation at a time price increases are already at 30-year highs.

Instead, the proximate dispute with CBO concerns whether an increase in tax enforcement will yield as much revenue as Treasury claims. On that front, one of the biggest arguments against the Biden administration’s position comes via Joe Biden himself.

Dueling Tax Estimates

The New York Times reported Monday that “the White House has begun bracing lawmakers for a disappointing estimate” from CBO, and is “urging lawmakers to disregard the budget office assessment, saying it is being overly conservative in its calculations.” While administration officials say additional tax enforcement will generate $400 billion in new revenue, CBO Director Philip Swagel on Monday said he stood by the agency’s September estimate that enhanced enforcement authority will net roughly $120 billion.

The difference between the lower and higher revenue figures could determine whether the bill gets scored as a budget-saver or budget-buster. Treasury has therefore come out swinging at CBO, with Assistant Treasury Secretary Ben Harris calling the office’s methodology “patently absurd” in an interview with the Times.

Whither IRS Enforcement?

But given his own boss’ conduct, Mr. Harris doth protest too much on tax enforcement. After leaving the vice presidency in early 2017, Joe Biden and his wife Jill created two S-corporations, and characterized most of their book and speech earnings as profits from those corporations rather than taxable wages.

These maneuvers allowed the Bidens to dodge nearly $517,000 in payroll taxes. The Tax Policy Center called the Bidens’ actions “pretty aggressive.” And a recent Congressional Research Service report outlined several instances in which federal courts agreed with the IRS in requiring S-corporations to pay back taxes—all of which arguably applied to the Bidens.

Yet despite the Bidens’ public release of their returns, and coverage of the irregularities surrounding them, no news has yet emerged of an IRS audit. Why?

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The Biden Administration Just Forced Every American Town To Host Illegal Immigrants

The Biden administration recently turned nearly every community in America into an illegal alien sanctuary.

Under a new policy, federal immigration law enforcement is now largely prohibited from arresting criminal aliens in your neighborhood if you live near a playground, a recreation center, a school, a place of worship or religious study, a location that offers vaccinations (such as a pharmacy), a community-based organization, any location that hosts weddings (such as a civic center, hotel, or park), any location with a school bus stop, any place “where children gather,” and many more places that are common to most towns.

What used to be safe spaces for law-abiding Americans and vulnerable members of society have been transformed into safe spaces for violent offenders with no right to be in the United States.

The scope is virtually limitless and prohibits all of the authorities of U.S. Immigration and Customs Enforcement (ICE) and U.S. Customs and Border Protection (CBP), such as “arrests, civil apprehensions, searches, inspections, seizures, service of charging documents or subpoenas, interviews, and immigration enforcement surveillance.”

Officers are prohibited from doing their job anywhere “near” a so-called “protected area,” an imprecise standard that Alejandro Mayorkas, the secretary of the Department of Homeland Security (DHS), admits has “no bright-line definition.” Mayorkas, who outlined the new policy last month, claims that putting a sanctuary in every community is a “noble” way to “advance our country’s well-being” and ensure that illegal aliens have access to “essential services” and can engage in “essential activities.”

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Biden’s Banking Nominee Calls to Eliminate All “Private Bank Accounts”

Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), called during a March 2021 virtual conference to eliminate all private bank accounts and deposits.

Omarova spoke at the Law and Political Economy (LPE) Project’s “Law & Political Economy: Democracy Beyond Neoliberalism” conference in March.

Omarova discussed one of her papers, “The People’s Ledger How to Democratize Money and Finance the Economy,” which would help “redesign” the financial system and make the economy “more equitable for everyone.”

She said it would change the “private-public power balance” and democratize finance to a more systemic level.

During her explanation of her paper, she said that the Federal Reserve, the nation’s central bank, can only use “indirect levers” to “induce private banks to increase their lending.”

Her paper calls for eliminating all banks and transferring all bank deposits to “FedAccounts” at the Federal Reserve.

During her conference speech, she said, “There will be no more private bank accounts, and all of the deposit accounts will be held directly at the Fed”.

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Joe Biden’s ‘Negro’ Quote Earns Hilarious Label From Twitter as ‘Fact Checkers’ Spin Like Tops

We previously reported on how some in the media rushed into damage control mode Thursday in the latest round of “Protect Joe” after President Biden called the late Major League Baseball legend/icon Satchel Paige a “negro.”

For those who missed it, Biden was giving a speech on Veterans Day at Arlington National Cemetary when he made the comments, which I’m providing below just so I don’t get accused of taking the current White House occupant out of context:

I want to welcome all the Cabinet members and honored guests joining us today, including the father of our Secretary of State, who served in the Army Air Corps during World War Two, Ambassador Donald Blinken, whose birthday is today. Happy Birthday. (Applause.) Thank you for your service to our country.

And I just want to tell you, I know you’re a little younger than I am, but, you know, I’ve adopted the attitude of the great Negro — at the time, pitcher in the Negro Leagues — went on to become a great pitcher in the pros — in the Major League Baseball after Jackie Robinson. His name was Satchel Paige.

Naturally, when members of the media hit the Code Red button to alert each other that it’s once again time to Protect the Precious, their colleagues on the “fact-checking” side often also jump in to “confirm” the media’s spin, which Snopes, Politifact, and Reuters have already done in a matter of 24 hours by laughably suggesting discussion/reporting on the comments “lacked context,” while Politifact also brought up the fact that Biden sometimes has a stuttering problem to try and explain what happened.

Compounding the hilarity of the collective Defend Biden effort, Twitter also jumped into the debate in their “events” section to amplify the claims from “fact-checkers” as though a single person in this country should trust anything fact-checkers say at a time when their liberal bias could not be more obvious.

“Edited clips of Joe Biden’s remarks about Black baseball player Satchel Paige lack some context, fact-checkers say,” the promo on the right-side Twitter column read.

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Biden’s illegal vaccine mandate is about politics, not science

President Biden appears to view Americans not as free citizens but as disobedient subjects. In September, he informed the millions of Americans who remain unvaccinated that “our patience is wearing thin.”

So the president told administrative officials to issue a mandate. Under an order by the Occupational Safety and Health Administration (OSHA), private businesses and nonprofits with 100 or more employees must coerce their unvaccinated employees to get vaccinated, undergo weekly testing or lose their jobs. Penalties can be $14,000 per violation, and they go up from there.

The mandate covers more than 80 million Americans. And it violates the Constitution and other federal laws. That’s why Alliance Defending Freedom is challenging this order on behalf of several groups in courts around the country.

Within a day of the order being issued, a federal court stayed the rule, citing “grave statutory and constitutional issues.” But the fight is only beginning.

Congress empowered OSHA to protect employees from toxic substances or hazards in the workplace. But, here, the agency essentially defined employees themselves as the hazard. This greatly oversteps its authority. The Supreme Court has said that, if Congress wants to give bureaucrats authority over major questions of “vast economic or political significance,” it must do so clearly. 

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‘Shove It Down Her F**king Throat’: Biden Family Knew Hunter Allegedly Molested Close Minor Relative, Text Messages Show

National File has uncovered more texts in the conversations between the Biden family which were previously reported by pundit Candace Owens and Biz Pac Review referring to a “sexually inappropriate” relationship between Hunter Biden and his niece. National File has obtained over 800 pages of text messages sent or received by Hunter Biden from 2018 and 2019. In them Hunter repeatedly reveals that his former love interest Hallie, the widow of the late Beau Biden, claimed he behaved in a “sexually inappropriate” way around a minor family member.

Hunter Biden, the son of President Joe Biden, told sister Ashley Biden that former lover Hallie Biden described him as being “sexually inappropriate” with a minor female family member. The text messages were retrieved from the infamous laptop abandoned by Hunter Biden. National File has redacted the name of the person in question, as she is still a minor at this time.

Hallie Biden is the widow of Beau Biden, who Hunter was involved with romantically after his brother’s death. Hunter referenced Hallie’s allegation to multiple people via text messages, including his close family members.

In fact, the texts reveal that most members of Hunter Biden’s family seemed to know about these allegations. Among these family members are Hunter’s parents Joe Biden and Jill Biden, his sister Ashley Biden, and Jim Biden, the brother of Joe Biden. In some cases, family members decided to take Hunter’s “side” of the apparent family argument over the allegations, choosing to believe him over Hallie Biden.

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Most millionaires to get tax cuts from Biden bill, independent analysis finds

Two-thirds of people earning more than $1 million annually would receive tax cuts under President Joe Biden’s “Build Back Better” plan, a nonprofit think tank concluded.

The Tax Policy Center released its analysis of Democrats’ $1.85 trillion spending package and found that most of the wealthy will have a smaller tax bill if it is passed as it is currently outlined.

Among those making over $1 million, only 34.2% will see their taxes increase, while the rest will get tax cuts. Additionally, nearly 80% of those earning between $500,000 and $1 million will see their tax bill shrink by an average of about $6,000 per year.

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National Firearm Registry? Might Be Closer Than You Think 

Recently, an internal ATF document was released showing some very interesting statistics. The most significant statistic is that in 2021, the ATF processed 54.7 million Out-of-Business records. The records they are referring to, of course, is Form 4473.

The 4473 is the physical form that records the firearm information; make, model, serial number, type, caliber, and information for those unfamiliar with firearm paperwork. It essentially ties a name to the firearm as it was transferred to an individual from a licensed dealer, sometimes referred to as an FFL.

The 4473 also has personal information on it. It has name, birthdate, current address, birthplace, height, weight, and driver’s license number. Some even opt to give their social security number so that their NICS check goes faster. Speaking of NICS checks, let us clear up another misconception. The firearm information does not get entered during the NICS check. No system associates specific firearms with individuals… yet.

For those familiar with ATF paperwork, a pattern might be forming. We had our first taste of it back in November of 2020. Of course, the hyperbolic media was more focused at the time on the fact that the ATF added a gender box for “non-binary” but completely ignored the fact that all the pertinent information had been consolidated to the first page of the form.

For those unfamiliar, before November of 2020, page one of the 4473 form asked for personal information but no information on the firearm associated. Prior to 2020, the firearm information was located on page 3. Why would the ATF move the firearm information and the personal information onto the same page?

To a  person, the answer is obvious—data collection. There is absolutely no way the ATF is not preparing for the eventual digitization of their systems and then a fight for a searchable database that they are prohibited by law from having. Furthermore, if one is familiar with how the Federal Government operates, the moves they make now are setting up the push five or even ten years down the road.

This step towards tyranny is why gun owners must stay vigilant. When your personal friends that own firearms tell you that they “do not see an issue with universal background checks,” let them know that legitimate gun violence is not stopped by overregulation and government control.

What makes the problem even more egregious is that in 2021, Joe Biden directed the ATF to make a few more regulations to current firearms law. One of those regulations is that FFLs (Firearms Dealers) cannot ever destroy the 4473 Forms that they keep on-site. Current law says that after 20 years, the records can be destroyed.

If this regulation goes through, the Biden administration will have just set the first chess piece in a very, very long game of death by attrition. If gun shops close or go out of business, they will be required to turn over every 4473 ever filled out at their shop.

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