Tag: taxes

Biden Admin Gives $820 Million More in Military Aid to Ukraine, Including 2 Surface-to-Air Missile Systems

The Biden administration announced new security assistance to Ukraine on July 1 in a package worth about $820 million in total.

The assistance comprises an authorization of a Presidential Drawdown (PDA) of security assistance valued at up to $50 million, as well as $770 million in Ukraine Security Assistance Initiative (USAI) funds. The PDA is the 14th drawdown of arms and equipment from the Pentagon’s inventories since August 2021.

Since Russia invaded Ukraine on Feb. 24, the United States has committed a total of about $6.92 billion in military aid to Ukraine to fight Russian forces. Prior to the invasion, since 2014, the United States had committed some $1.8 billion in weapons and military training to Ukraine, $700 million of which came from the Biden administration.

The latest $820 million aid package was broadly announced by President Joe Biden at a news conference on Thursday in Madrid, which was the third and final day of the NATO summit focused on the Russia-Ukraine war.

“We are going to support Ukraine as long as it takes,” Biden said, adding that the United States is giving Ukrainians “the capacity” so that “they can continue to resist the Russian aggression.”

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G7 leaders unveil $600 billion infrastructure plan to tackle Chinese influence: President Biden commits $200 billion in funding for solar farms, vaccine plants and communications links around the world

The White House announced plans on Sunday to spend $200 billion on solar projects in Angola, an undersea telecommunications cable linking the Far East with France via Egypt, and nuclear power production in Romania as part of a huge G7 infrastructure plan designed to compete with China‘s massive Belt and Road initiative.

The proposals were unveiled on the first day of the G7 summit in Germany, where world leaders met to discuss the global economy and Russia’s war in Ukraine. 

In all, G7 nations will commit $600 billion to the effort over the next five years, President Joe Biden announced, calling the investment a humanitarian, economic and security concern.

Biden spoke with the rest of G7 leadership standing behind him, the Bavarian Alps visible in the distance. 

‘Developing countries often lack the central infrastructure to help navigate global shocks, like a pandemic, so they feel the impacts were acutely, and they have a harder time recovering,’ he said. ‘That’s not just humanitarian concern. It’s an economic and a security concern for all of us.’

The money will be spent in a variety of sectors, including health, climate, energy and gender equity.

‘These strategic investments are areas of critical to sustainable development, and our shared global stability, health and health security, digital connectivity, gender equality and equity, climate and energy security,’ Biden said.

He argued the investment would boost the U.S. economy and economies around the world.

‘I want to be clear this isn’t charity. It’s an investment that will deliver returns for everyone, including the American people and the people of all our nations. It will boost all of our economies. It’s a chance for us to share our positive vision for the future,’ he said. 

The White House said its $200 billion in grants and federal financing would help low income countries meet their economic and national security needs.

‘And this will only be the beginning: the United States and its G7 partners will also seek to mobilize hundreds of billions in additional capital from other like-minded partners, multilateral development banks, development finance institutions, sovereign wealth funds, and more,’ said the White House.

Biden named the idea ‘Build Back Better World’ – after his troubled domestic agenda – when he introduced it at last year’s G7 summit.

Now it is called the Partnership for Global Infrastructure.

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Biden wants more money to prepare for the “second pandemic” he promises is coming

President Joe Biden has suggested that the government would need more money to prepare for another “pandemic” during his remarks about vaccinating children against the Wuhan coronavirus (COVID-19).

“We do need more money. But we don’t just need more money for vaccines for children, eventually. We need more money to plan for the second pandemic, there’s gonna be another pandemic,” he said during a White House press conference on Tuesday, June 21, in response to a question about how many children can be vaccinated before funding is needed for the shots.

The question follows the U.S. Food and Drug Administration‘s authorization of the Pfizer and Moderna mRNA-based COVID vaccines for children from six months to six years, despite these children being at “little to no risk” from the virus.

“I encourage every leader to ask yourself, what more can I do? How can we work more closely together to help more people? How can we save more lives?” Biden appealed during his pre-recorded remarks.

The U.S. has already surpassed one million COVID deaths, with Biden urging Americans not to grow numb from the situation and remain vigilant against the pandemic itself. He also ordered federal flags to be flown at half staff to mark the grim milestone.

“Now is the time for us to act, all of us together. We all must do more, we must honor those we have lost by doing everything we can to prevent as many deaths as possible,” he said, adding that the U.S. is now at a new stage in fighting the pandemic and is facing an evolving set of challenges.

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The U.S. Postal Service’s Insatiable Appetite for Taxpayers Dollars

The U.S. Postal Service (USPS) just got more than $100 billion in taxpayer assistance through the Postal Service Reform Act. It is licking its chops for billions more as Congressional Democrats and the Biden Administration work to serve up a smorgasbord of new programs and funding schemes.

USPS was once the federal government’s most responsible steward of taxpayer funds, with a focused public service mission, delivering the mail.   

Under the 1970 Postal Reorganization Act, USPS is required to be self-supporting with the sales of postage and services covering the costs of operations. And from 1970-2006 it was, operating with a cumulative surplus of $3 billion during this time.

The rise of the Internet and a requirement to set aside funds for future retiree health benefits led to chronic losses at USPS starting in 2007. Some Republicans saw the Postal Service Reform Act (PSRA), signed into law April 6, as the reset button to provide USPS with financial assistance so that it could return to a focused mission and be self-supporting.

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Disarming the Poor: Congress Proposes 1,000% Tax on AR-15s

If Congress won’t ban AR-15s, Democratic Rep. Don Beyer (VA) wants to slap a 1,000% tax on them – which would of course mean only people with lots of money, such as drug dealers and rich people, could afford them, while punishing lower-income Americans.

Introduced last week, Beyer’s Assault Weapons Excise Act has 36 Democratic co-sponsors, according to the Washington Post. The group hopes the idea might bypass the Senate filibuster, which would require the support of at least 10 Republicans.

According to Beyer, the idea is to increase the price to such a degree that it significantly limits who’s able to buy them. The tax would also apply to high-capacity magazines.

“It’s trying to hit the sweet spot, where it’s not an all-out ban, but people’s independent purchasing decisions would be much more ‘no’ than ‘yes,’” Beyer told the Post, adding. “You want to shift the demand curve pretty significantly.”

Beyer said part of the thinking behind the 1,000 percent figure was to have a high-enough fiscal impact that the Senate parliamentarian would find it qualifies for inclusion in a reconciliation package, meaning it could pass the Senate with a simple majority. -WaPo

“In a nation crying out for progress on gun safety, we would present a plausible way forward in this Senate,” he said.

The tax would only apply to newly purchased guns, and would not apply to government buyers. The proceeds would go into the general fund.

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Biden’s National Security Adviser Admits YOUR Tax Dollars Are Paying for the Upkeep of Seized Russian Yachts.

President Joe Biden’s National Security Adviser Jake Sullivan revealed that the U.S. federal government is using taxpayer cash to maintain seized Russian yachts, according to a report from Insider. The accidental admission – caught on a “hot mic” – came during an event at the Center for a New American Security (CNAS) on June 16th.

Sullivan – who many suspect is compromised by the Chinese Communist Party – was speaking with Richard Fontaine, chief executive officer of the CNAS, about the White House’s effort to seize Russian assets including yachts amidst the ongoing war in Ukraine when he made the remarks.

In a livestream video of the event uploaded to YouTube, which has since been deleted, the pair’s personal conversation before the publicized discussion portion of the CNAS was included.

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Biden to send another $1 billion weapons package to Ukraine

President Biden on Wednesday announced plans to send another $1 billion security assistance package to Ukraine that will include artillery, coastal defense weapons and ammunition to help the country fight off Russian forces.

Biden also said he would send an additional $225 million in humanitarian aid to Ukraine to provide drinking water, medical supplies, food and shelter for families inside Ukraine grappling with the impact of the months-long Russian invasion.  

The president said in a written statement that he spoke with Ukrainian President Volodymyr Zelensky on Wednesday to inform him of the additional assistance, which is a sliver of a massive $40 billion aid package passed by Congress last month. The call Wednesday morning between the two leaders lasted about 40 minutes, according to the White House. 

“I reaffirmed my commitment that the United States will stand by Ukraine as it defends its democracy and support its sovereignty and territorial integrity in the face of unprovoked Russian aggression,” Biden said.  

The U.S. has sent billions in weaponry, humanitarian and economic assistance to Ukraine to help forces blunt the Russian attack since the start of the war at the end of February. The administration quickly depleted the first $13.6 billion emergency aid package Congress approved for Ukraine in March. 

According to the White House statement, the latest assistance package will include ammunition for artillery and the advanced rocket systems that the U.S. already sent to Ukraine. 

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New York put out over $200K for drag shows in NYC public schools

New York, the state and the city, has paid over $200,000 to drag performers for appearances in New York City public schools since 2018.

The state funds came via its Council on the Arts ($50,000) while the Big Apple’s from its Departments of Education, Cultural Affairs, Youth and Community Development, and Department of Transportation ($157,000), the New York Post reports.

Since January of this year, the group Drag Story Hour NYC (formerly the Drag Queen Story Hour NYC) has made 49 appearances in 34 schools, elementary through senior high. In May, the group made $46,000 for its appearances at schools, festivals and libraries.

New York City Council has allocated $80,000 for Drag Story Hour NYC this year alone, more than triple the 2020 funding.

Drag Story Hour NYC members usually “read aloud from a list of books that teach acceptance and inclusion, including children’s classics like ‘Where the Wild Things Are’ and ‘The Rainbow Fish.’” But other books “overtly celebrate” gender fluidity such as “The Hips on the Drag Queen Go Swish, Swish, Swish.”

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