U.S. Politics

[Rick Plant]

President Biden has already lowered the Trump deficit by over $350,000,000,000 and America is now on track for the largest deficit reduction in history this year: $1.3 TRILLION.

Republicans always talk about the debt, but the deficit rose every single year Trump was in office.



Meanwhile, the deficit has already fallen by $350 billion under Biden.

A new analysis shows that the 2022 Republican platform proposed by NRSC Chair Rick Scott would raise taxes on households with children earning less than $50,000 by an ADDITIONAL $4,500.

[Rick Plant]

RING THE ALARM: Republicans have a plan to end health coverage for MILLIONS.

[Richard Smith]

This is a landmark proposal from President Biden, a minimum tax that also applies to unrealized gains—as a prepayment against future capital gains. This should get serious consideration as a fair and efficient way to raise significant revenue.



President Biden to unveil new minimum tax on billionaires in budget
https://www.washingtonpost.com/us-policy/2022/03/26/billionaire-tax-budget-biden/

Biden budget seeks minimum tax on households worth $100m

WASHINGTON (AP) — President Joe Biden intends to propose a minimum tax of 20% on households worth more than $100 million and cut projected budget deficits by more than $1 trillion over the next decade, according to a fact sheets released Saturday by the White House budget office.

The introduction of the minimum tax on the wealthiest Americans would represent a significant reorienting of the tax code. It would apply to the top 0.01% of households with half of the expected revenue coming from households worth $1 billion or more. The minimum tax would effectively prevent the wealthiest sliver of America from paying lower rates than families who think of themselves as middle class, while helping to generate revenues to fuel Biden’s domestic ambitions and keep the deficit in check relative to the U.S. economy.

In his proposal expected Monday, the lower deficits also reflect the economy’s resurgence as the United States emerges from the pandemic. It’s a sign that the government’s balance sheet will improve after a historic burst of spending to combat the coronavirus.

The fading of the pandemic and the growth has enabled the deficit to fall from $3.1 trillion in fiscal 2020 to $2.8 trillion last year and a projected $1.4 trillion this year. That deficit spending paid off in the form of the economy expanding at a 5.7% pace last year, the strongest growth since 1984.

For the Biden administration, the proposal for the budget year that begins Oct. 1 shows that the burst of spending helped to fuel growth and put government finances in a more stable place for years to come as a result. One White House official, insisting on anonymity because the budget has yet to be released, said the proposal shows that Democrats can deliver on what Republicans have promised before without much success: faster growth and falling deficits.

Yet the Biden budget would pledge to do so through a kind of wealth tax that many Republicans say would hurt the economy by diminishing private investment in companies that create jobs and cause the wealthy to put their fortunes to work abroad.

Biden inherited from the Trump administration a budget deficit that was equal in size to 14.9% of the entire U.S. economy. But the deficit starting in the upcoming budget year will be below 5% of the economy, putting the country on a more sustainable path, according to people familiar with the budget proposal who insisted on anonymity to discuss forthcoming details.

The lower deficit totals will also be easier to manage even if interest rates rise.

The expected deficit decrease for fiscal 2022 reflects the solid recovery in hiring that occurred in large part because of Biden’s $1.9 trillion coronavirus relief package. The added jobs mean additional tax revenue, with the government likely collecting $300 billion more in revenues compared to fiscal 2021, a 10% increase.

Still, the country will face several uncertainties that could reshape Biden’s proposed budget, which will have figures that don’t include the spending omnibus recently signed into law. Biden and U.S. allies are also providing aid to Ukrainians who are fighting against Russian forces, a war that could possibly reshape spending priorities and the broader economic outlook.

That didn't take long to fall apart.  Maybe Old Joe should make sure his own party supports his massive tax increase before making a fool of himself   Another massive failure.  Back to the drawing board!

Per the NY Times:

Manchin Denounces Billionaires Tax as Divisive

[Rick Plant]

President Biden just signed the Emmett Till Anti Lynching Act into law. Lynching is now a federal crime in America. Should have been done a long time ago. Thanks to President Biden and the Democratic Congress for making this a priority to get done. 




The House just passed the bipartisan Better Cybercrime Metrics Act — and it is now headed to President Biden’s desk to be signed into law! This bill will help prevent cybercrime and equip America’s law enforcement to combat the next generation of cyberattacks.

President Biden and Democrats were able to work across the aisle to get an important bill passed to keep America safe. This is how it should be. Shame on the 48 Republicans who don't want to keep America safe from cyberattacks.

Once again, President Biden delivers and one more campaign promise has been kept.   

 

[Richard Smith]

Even leftist CNN is now reporting that Hunter Biden is in big trouble.  The liberal media buried the Hunter Biden story for over a year but the chickens are coming home to roost.  A laundry list of crimes from tax evasion, money laundering, illegal purchase of a firearm, foreign lobbying laws, influence peddling. 

CNN:
Federal investigation of Hunter Biden heats up

[Rick Plant]

"It was an honor to host Prime Minister Lee Hsien Loong of Singapore at the White House today. We are deepening the ties between our nations at a critical time in history." - President Joe Biden

[Rick Plant]

Whenever new damaging information comes out against Criminal Donald, we get right wing conspiracies about Hunter for deflection. The whole thing is pathetic and has already been debunked. And yesterday, Criminal Donald was asking murderous dictator Putin to help him get "dirt" on Biden when after Russian State TV was calling for regime change in the U.S. to install Criminal Donald. This whole thing is one giant scam. Over 50 former U.S. Intel officials concluded that this is all Russian disinformation. Even Ukraine stated the same thing. What we do know is that Criminal Donald and his partner in crime Putin are colluding right out in the open with a criminal conspiracy.

Trump urges Russia to release dirt on Hunter Biden now that 'Putin is not exactly a fan of our country'
https://theweek.com/donald-trump/1011934/trump-urges-russia-to-release-dirt-on-hunter-biden-now-that-putin-is-not

Russian Host Says Biden Should Be Ousted for Moscow 'Partner' Donald Trump
https://www.newsweek.com/russia-ukraine-putin-popov-partner-donald-trump-1693210

Ukraine found no evidence against Hunter Biden in case audit: former top prosecutor
June 4, 2020

KIEV (Reuters) - An audit of thousands of old case files by Ukrainian prosecutors found no evidence of wrongdoing on the part of Hunter Biden, the former prosecutor general, who had launched the audit, told Reuters.

https://www.reuters.com/article/us-usa-trump-impeachment-ukraine-idUSKBN23B2RB

Hunter Biden story is Russian disinfo, dozens of former intel officials say
More than 50 former intelligence officials signed a letter casting doubt on the provenance of a New York Post story on the former vice president's son.

More than 50 former senior intelligence officials have signed on to a letter outlining their belief that the recent disclosure of emails allegedly belonging to Joe Biden’s son“has all the classic earmarks of a Russian information operation.”

The letter, signed on Monday, centers around a batch of documents released by the New York Post last week that purport to tie the Democratic nominee to his son Hunter’s business dealings. Under the banner headline “Biden Secret E-mails,” the Post reported it was given a copy of Hunter Biden’s laptop hard drive by President Donald Trump’s personal lawyer Rudy Giuliani, who said he got it from a Mac shop owner in Delaware who also alerted the FBI.

While the letter’s signatories presented no new evidence, they said their national security experience had made them “deeply suspicious that the Russian government played a significant role in this case” and cited several elements of the story that suggested the Kremlin’s hand at work.

“If we are right,” they added, “this is Russia trying to influence how Americans vote in this election, and we believe strongly that Americans need to be aware of this.”

Nick Shapiro, a former top aide under CIA director John Brennan, provided POLITICO with the letter on Monday. He noted that “the IC leaders who have signed this letter worked for the past four presidents, including Trump. The real power here however is the number of former, working-level IC officers who want the American people to know that once again the Russians are interfering."

The former Trump administration officials who signed the letter include Russ Travers, who served as National Counterterrorism Center acting director; Glenn Gerstell, the former NSA general counsel; Rick Ledgett, the former deputy NSA director; Marc Polymeropoulos, a retired CIA senior operations officer; and Cynthia Strand, who served as the CIA’s deputy assistant director for global issues. Former CIA directors or acting directors Brennan, Leon Panetta, Gen. Michael Hayden, John McLaughlin and Michael Morell also signed the letter, along with more than three dozen other intelligence veterans. Several of the former officials on the list have endorsed Biden.

Director of National Intelligence John Ratcliffe said on Monday that the information on Biden’s laptop “is not part of some Russian disinformation campaign,” though the FBI is reportedly conducting an ongoing investigation into whether Russia was involved.

The New York Times raised questions on Sunday about the rigor of the Post’s reporting process, revealing that several of its reporters had refused to put their name on the Biden stories because they were concerned about the authenticity of the materials. The Post stood by its reporting, saying it was vetted before publication.

But the release of the material, which POLITICO has not independently verified, has drawn comparisons to 2016, when Russian hackers dumped troves of emails from Democrats onto the internet — producing few damaging revelations but fueling accusations of corruption by Trump. While there has been no immediate indication of Russian involvement in the release of emails the Post obtained, its general thrust mirrors a narrative that U.S. intelligence agencies have described as part of an active Russian disinformation effort aimed at denigrating Biden’s candidacy.

“We want to emphasize that we do not know if the emails, provided to the New York Post by President Trump’s personal attorney Rudy Giuliani, are genuine or not and that we do not have evidence of Russian involvement,” the letter reads. But, it continues, “there are a number of factors that make us suspicious of Russian involvement.”

“Such an operation would be consistent with Russian objectives, as outlined publicly and recently by the Intelligence Community, to create political chaos in the United States and to deepen political divisions here but also to undermine the candidacy of former Vice President Biden and thereby help the candidacy of President Trump,” the letter reads.

National Counterintelligence and Security Center Director Bill Evanina said in August that Russia has been trying to denigrate Biden’s campaign, specifically through a Ukrainian lawmaker named Andriy Derkach who has met with Giuliani at least twice to discuss corruption accusations against Biden. Derkach was sanctioned by the Treasury Department last month for allegedly acting as a Russian agent and interfering in the 2020 election.

Giuliani brushed off concerns about Derkach in an interview with The Daily Beast this week, saying “the chance that Derkach is a Russian spy is no better than 50/50.” And he told The Wall Street Journal of the purported Biden email trove: “Could it be hacked? I don’t know. I don’t think so. If it was hacked, it’s for real. If it was hacked. I didn’t hack it. I have every right to use it.”

The former officials said Derkach’s relationship with Giuliani and fixation on the Bidens, along with Russia’s reported hack on Burisma — the Ukrainian energy company that gave Hunter Biden a board seat and is at the center of Trump and his allies’ corruption allegations — “is consistent with” a Russian operation.

“For the Russians at this point, with Trump down in the polls, there is incentive for Moscow to pull out the stops to do anything possible to help Trump win and/or to weaken Biden should he win,” the letter says. “A ‘laptop op’ fits the bill, as the publication of the emails are clearly designed to discredit Biden.”

Top Biden advisers who staffed him during his vice presidency, citing their own recollections as well as a review of Biden’s official schedules, have sharply rejected suggestions that Biden ever met with a representative of Burisma in 2015 or has otherwise been involved in Hunter Biden’s business interests.

"Investigations by the press, during impeachment, and even by two Republican-led Senate committees whose work was decried as 'not legitimate' and political by a GOP colleague have all reached the same conclusion: that Joe Biden carried out official U.S. policy toward Ukraine and engaged in no wrongdoing,” Biden campaign spokesman Andrew Bates said last week. “Trump administration officials have attested to these facts under oath.”

https://www.politico.com/news/2020/10/19/hunter-biden-story-russian-disinfo-430276

[Richard Smith]

So much for Hunter's laptop being "Russian disinformation" as Joe Biden lied to the American public.  The leftist NY Times, CNN, and now Wash Post have all confirmed the authenticity of the content.  All these leaks mean they are preparing the public for the indictment.  The noose is getting tighter and tighter.  It turns out Trump was right again.  The real disinformation and conspiracy theories were those of the mainstream and social media that tried to cover up the scandal.


"The Washington Post has authenticated thousands of emails from Hunter Biden's laptop after the paper joined other outlets in downplaying and disparaging the New York Post's reporting during the 2020 presidential election."