Tag: taxes

St. Louis mayor plans reparations committee for black residents

St. Louis Mayor Tishaura O. Jones signed an executive order to establish a volunteer panel that will determine the degree to which black residents of St. Louis have suffered from racism. The stated goal of the committee is to explore the history of “race-based harms” in St. Louis and reveal the “present-day manifestations” created by said history.

As the St. Louis Post-Dispatch reports, Jones came to the conclusion that the panel was needed after a “growing tapestry of equity-based analyses” shed light on the city’s history of violence, segregation, and exploitation that she says has left it as one of the most divided cities in the country.

“I look forward to reviewing this commission’s work to chart a course that restores the vitality of Black communities in our city after decades of disinvestment,” the mayor remarked in a statement. “We cannot succeed as a city if one half is allowed to fail,” she declared.

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Chinese Cybercriminal Hacker Group Stole $20 Million In COVID Relief Funds, Secret Service Says

U.S. Secret Service officials confirmed an exclusive report Monday alleging prolific cybercriminal hackers tied to the Chinese Communist Party have stolen nearly $20 million worth of COVID pandemic relief benefits.

Secret Service officials did not comment further upon corroborating the NBC News report. However, U.S. law enforcement officials and cybersecurity experts, who spoke on the condition of anonymity, said the pandemic fraud instance is the first publicly acknowledged example of theft linked to foreign and state-sponsored cybercriminals.

Officials said the hacker group in question is APT41, which they described as a “Chinese state-sponsored, cyber threat group that is highly adept at conducting espionage missions and financial crimes for personal gain” that operates out of the southwestern Chinese city of Chengdu.

APT41 — also known as Winnti, Barium, and Wicked Panda — allegedly began stealing COVID relief money in mid-2020 from approximately 2,000 accounts associated with more than 40,000 financial transactions, including Small Business Administration loans and unemployment insurance funds in more than at least a dozen states.

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Man Wrongfully Convicted of NYC Subway Stabbing in 1990 to be Compensated $18 Million

A man who was wrongfully convicted of fatally stabbing a tourist at a New York City subway in 1990 will be compensated $18 million.

Johnny Hincapie spent more than 25 years in prison for a crime he did not commit.

Hincapie was released from prison in 2015 and his conviction was dismissed in 2017.

According to reports, Hincapie said he was “coerced” into falsely confessing to the fatal stabbing.

Hincapie was sentenced to 25 years-to-life despite the fact that he recanted his confession and exculpatory evidence proved his innocence.

“I have never forgotten the loss his family suffered,” Hincapie said. “I am fortunate that my innocence has finally been acknowledged by my city and my state and I look forward to the next chapter of my life with my family.”

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IRS Warning Americans to Report $600 Transactions From Payment Processors or Risk Facing Audit

The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App as the agency seeks to obtain data regarding part-time employment and side gigs, a move that critics have termed government overreach.

In a recent explainer posted online, the IRS said that according to the American Rescue Plan Act of 2021, any payment made after March 11, 2021, that exceeds $600 must be reported. The target of the new reporting rule is small business owners, and people working side hustles or part-time gigs for extra income. Earlier the reporting threshold was $20,000 and more than 200 transactions within a calendar year. But, the amended rule applies to a single transaction.

“You should receive Form 1099-K by January 31 if, in the prior calendar year, you received payments from all payment card transactions (e.g., debit, credit, or stored-value cards), and in settlement of third-party payment network transactions above the minimum reporting thresholds,” said the agency.

The reporting guidelines do not apply to noncommercial payments such rent, vacation, food, or one-time transactions like selling something online. The Form 1099-K will be sent by the payment platforms through which the transaction was done.

If a form is received by mistake, “contact the Payment Settlement Entity (PSE) listed on the Form 1099-K” or provide an explanation in the tax return, according to the agency.

Failure to report transactions on Form 1099-K could trigger an audit by the IRS since the agency receives a copy of the form.

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California Reparations Committee Recommends $223K Each for State’s ‘Black’ or ‘African American’ Residents

A California committee formed to determine how much in reparations black people should receive due to slavery and past discrimination has determined that each of the 2.5 million California residents who identify as “Black” or “African American” should be paid $223,000 each for “housing discrimination.”

The total cost of reparations just for housing — there are four other causes for reparations the committee will consider — would be more than $569 billion. That’s $40 billion more than the entire state budget.

The committee has also recognized mass incarceration, unjust property seizures, devaluation of Black businesses, and healthcare as other causes for reparations.

The committee was created in 2020 after the Democratic legislature authorized its formation. It has until June 2023 to submit its recommendations.

“We are looking at reparations on a scale that is the largest since Reconstruction,” Jovan Scott Lewis, a professor at the University of California, Berkeley, and a member of the task force, told the New York Times.

Californians eligible for reparations, the task force decided in March, would be descendants of enslaved African Americans or of a “free Black person living in the United States prior to the end of the 19th century.” Nearly 6.5 percent of California residents, roughly 2.5 million, identify as Black or African American. The panel is now considering how reparations should be distributed — some favor tuition and housing grants while others want direct cash payments.

That’s the stickiest issue of all. Who is eligible and how do you prove it?  How much “black blood” will you need to claim any of the cash? These issues are impossible to adjudicate fairly, but no one on the commission is concerned about “fairness” It’s a punitive form of “justice” and needs to be stopped in its tracks before it gets started.

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The US Is Now Propping Up Tiny Moldova’s Energy Sector Too

This week US Secretary of State Antony Blinken announced the US is prepping more aid to the Ukrainian government, particularly focusing on propping up its devastated energy infrastructure, but also for the first time unveiling that the tiny country of Moldova will be receiving significant aid for its failing energy grid.

“We know that standing up for Ukraine means accepting difficult costs, particularly for our European allies, but the cost of inaction would be far higher,” Blinken began in Wednesday comments. “Caving to Russia’s aggression, accepting its brazen attempts to redraw borders by force, to tear up the rulebook that has made all of us more secure – that would have repercussions not only in Europe but quite literally around the world.”

That’s when he announced decisions made at a NATO meeting of ministers in Romania: “When we convened that group yesterday here in Bucharest, I announced that the United States will commit over $53 million to send equipment to help stabilize Ukraine’s energy grid and keep Ukraine’s power and electricity running.”

He specified $1.1 billion going to both Ukraine and Moldova:

We’ve also submitted a request to Congress for $1.1 billion to secure Ukraine and Moldova’s energy sector and restore their energy supply.  And we will take strong, coordinated action to ensure that President Putin cannot hold the rest of the world hostage to weaponized energy.

Starting last month, Moldovan authorities began informing Western allies it is suffering “massive” blackouts in relations to stepped of Russian airstrikes in neighboring Ukraine.

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Biden Has Handed America Over To The Biodefense Cartel

On the heels of Biden’s September 12th Executive Order titled The National Biotechnology and Biomanufacturing Initiative, I wrote two days later that it “is a complete capitulation of our government to Big Pharma, the biotechnology industry and the entire transhuman cabal that wants to create Humanity 2.0 by changing our genetic structure.”

The Initiative literally opens the floodgates of taxpayer resources and turns over government control to the biotech and Big Pharma industry. Some highlights include:

  • “We need to develop genetic engineering technologies and techniques to be able to write circuitry for cells and predictably program biology in the same way in which we write software and program computers; unlock the power of biological data, including through computing tools and artificial intelligence; and advance the science of scale-up production while reducing the obstacles for commercialization so that innovative technologies and products can reach markets faster.”
  • “bolster and coordinate Federal investment in key research and development (R&D) areas of biotechnology and biomanufacturing in order to further societal goals”
  • “Building a Vibrant Domestic Biomanufacturing Ecosystem.”
  • “expand training and education opportunities for all Americans in biotechnology and biomanufacturing.”
  • “Federal investments in biological sciences, biotechnology, and biomanufacturing to enhance biosafety and biosecurity best practices throughout the bioeconomy R&D enterprise.”

In sum, our nation has become the vassal of the biodefense cartel to finance its R&D, build its manufacturing capacity and train workers to fill its factories. What’s wrong with this picture?

The Executive Order required a number of reports to be compiled and submitted to the President on how to implement the Order. Just one month later, the White House released the National Biodefense Strategy and Implementation Plan. It dovetails perfectly with the Executive Order except that preparation started on the first day of Biden’s presidency. According to the American Economic Association (AEA),

Today, the Biden-Harris Administration fulfills a commitment that President Biden made on his first day in office: to review existing national biopreparedness policies and develop recommendations for how the Federal Government should update them, based on lessons learned from the ongoing COVID-19 pandemic and other biological threats our Nation faces.

Thus, we can see that this massive transfer of power actually started with Biden’s election and has been orchestrated for theater ever since.

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Biden Administration Confirms It Wants Taxpayers To Pay For Sex-Change Operations On Minors

The Biden administration supports using taxpayer dollars to fund sex-change operations on minors, Secretary of Health and Human Services Xavier Becerra confirmed in written testimony submitted to the House Committee on Education Labor on Nov. 29.

Republican Illinois Rep. Mary Miller questioned Becerra during an April hearing about the administration’s position on taxpayer funding for sex-change operations on minors. Becerra equivocated at the time, telling the congresswoman that the administration “will continue to comply with the law and provide people with the protections they need to get the medical services they are entitled to.”

In written answers to Miller, however, Becerra was more direct. He cited the World Professional Association for Transgender Health (WPATH) Standards of Care Version 8, which provides an outline for physicians performing sex-change operations on minors.

“The Biden-Harris Administration supports the upcoming release of the World Professional Association for Transgender Health (WPATH) Standards of Care Version 8 and believes that all children and adults should be afforded life-saving, medically necessary care. Payers, both public and private, should cover treatments which medical experts have determined to be medically necessary,” the secretary wrote, in answers obtained exclusively by the Daily Caller.

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