RUTHFULLY YOURS

https://issuesinsights.com/2021/10/28/kill-the-biden-reconciliation-disaster/

The Biden reconciliation bill is full of mandatory spending which will act as a financial time bombs set to go off over the next decade. 

House Speaker Nancy Pelosi has set an artificial must-pass date of October 30th for what was a $3.5 trillion budget reconciliation bill which is nothing more than a far-left wish list of expanded government.  The reason for this date is that the Virginia state elections will be held on November 2nd and she rightfully fears that the results of that election will make it politically impossible to pass this dramatic expansion of the size and scope of government.

As most people are undoubtedly aware, Senators Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.) are standing in the way of Senate Democrats getting the 50 votes necessary to pass the bill with the majority provided by the Vice President.

Recently, Americans for Limited Government provided a synopsis of 10 egregious big government expansions within the proposal which is a must-read to understand the breadth of the expansion this bill would impose.

One proposal that appears to be in deep trouble is the IRS reporting requirement for bank accounts of $600 or above.  It is being reported that Senator Manchin is throwing a monkey wrench into this intrusive Biden idea that would give the IRS access to virtually every bank transaction made across the country.

Given that Manchin and Sinema have each also demanded significant cuts to the amount of spending within the bill, President Biden has conceded that the actual spending over ten years could be more than halved.  But if the mandatory programs remain in place, they will likely live forever with costs increasing annually dwarfing the original price tags.

What’s more,  the regulations coming out of the broad language included in the bill will overwhelm any local dissent as Congress will have authorized things such as the federal takeover of decisions about school locations and retrofitting, expansion of Medicaid in those states which resisted the Obamacare eligibility expansion, and the creation of a Climate Corps that will be a massive taxpayer-funded environmental advocacy group masquerading as grassroots.

At a time when parents are waking up to the hate-America curricula being shoved down our kids’ throats, the federal government would pour tens of billions of dollars into pre-K education under the guise of providing daycare to the most needy. The reality is that they will be jamming a socialist value system into the highly formative minds of toddlers.

https://issuesinsights.com/2021/10/28/dont-be-seduced-by-the-billionaires-tax/

The 19th Century German statesman Otto von Bismarck observed famously that “Politics is the art of the possible, the attainable – the art of the next best.” Sometimes, however, it’s not even the next best; it can be illogical, unworkable, and pie-in-the sky. Such is the nature of Oregon Democratic Sen. Ron Wyden’s tax proposal – which should be called the Wyden-Warren-Sanders’ Folly – to tax billionaires’ unrealized capital gains, such as stocks, valuable art works, or jewels, that appreciate in value with time. The gains are not “realized” until the item is sold.

This might be seductive to those who want “the rich to pay their fair share,” but it’s certainly not fair. It’s unwieldy and susceptible to manipulation, merely a wilted fig leaf to offer the illusion that President Joe Biden’s multi-trillion-dollar expenditures on social programs will be “paid for.” Ultimately, the expenditures will occur, but the revenues won’t materialize.

It’s one thing to tax income, which most Americans dislike but have gotten more or less used to, but taxing wealth in the form of unrealized capital gains is a horse of a different color – possibly literally.

What do I mean by that? Well, suppose you own a racehorse of not particularly distinguished lineage that you bought for, say, $50,000, and on a whim, you enter him in the Kentucky Derby and he wins it. Immediately, he could be worth $50 million, with stud fees in six figures. Under the Wyden-Warren-Sanders’ tax plan, you could have a huge tax bill for the horse (possibly, every year that you own him), because of his potential. But this could be finessed: You could reduce the tax due by (with a wink and a nod) selling the horse to a friend for a far lesser price, and have him sell the animal back to you, again on the cheap. In the face of actual sales transactions, who’s to say that the horse was undervalued?

https://www.revolver.news/2021/10/meet-ray-epps-the-fed-protected-provocateur-who-appears-to-have-led-the-very-first-1-6-attack-on-the-u-s-capitol/

In a House hearing on Thursday, Rep. Thomas Massie (R-KY) questioned AG Merrick Garland about a mysterious man, Ray Epps, instructing protesters to enter the US Capitol building on January 5, and who later shepherded crowds towards the Capitol on January 6.

The story of the mystery man, Ray Epps, featured in Rep. Massie’s video above is in fact far more shocking than even the good Congressman implies in the hearing. It’s a story so strange, and so scandalous at every turn, that it threatens to shatter the entire official narrative of the “Capitol Breach” and expose yet another dimension of proactive federal involvement in the so-called “insurrection” of January 6th.

If Revolver News’s previous reporting points to a proactive role of the federal government in relation to the conspiracy cases against Oath Keepers and Proud Boys, the Ray Epps story that follows suggests a similar, yet more egregious, explicit, direct and immediate degree of federal involvement in the breach of the Capitol itself.

Here is a transcript of Thomas Massie’s exchange with the Attorney General, just in case you skipped past the video above.

Rep. Massie: As far as we can determine, the individual who was saying he’ll probably go to jail, he’ll probably be arrested, but they need to go into the Capitol the next day, is then directing people into the Capitol the next day, is then the next day directing people to the Capitol. And as far as we can find. You said this is one of the most sweeping in history. Have you seen that video, or those frames from that video?

AG Garland: So as I said at the outset, one of the norms of the Justice Department is to not comment on pending investigations, and particularly not to comment on particular scenes or particular individuals.

Rep. Massie: I was hoping today to give you an opportunity to put to rest the concerns that people have that there were federal agents or assets of the federal government present on January 5 and January 6. Can you tell us, without talking about particular incidents or particular videos, how many agents or assets of the federal government were present on January 6, whether they agitated to go into the Capitol, and if any of them did?

AG Garland: So I’m not going to violate this norm of, uh, of, of, of, the rule of law.

[Looks down and away]

I’m not going to comment on an investigation that’s ongoing.

There is good reason why AG Garland ran from Massie’s question faster than he could find words — and why he couldn’t even keep eye contact as he was dodging Massie’s gaze.

https://thefederalist.com/2021/10/27/exclusive-biden-fbi-joins-pelosi-in-blocking-gop-from-investigating-january-

In the case of the House Committee on Jan. 6., Pelosi blocked minority party participation for the first time in House history to pursue a preferred political narrative.

The leading Republican tasked with his party’s investigation into the preparedness and response of the U.S. Capitol Police and other law enforcement agencies to the Capitol riot on January 6 is being blocked by President Joseph Biden’s FBI from gathering information, a new document reveals.

The FBI told Indiana Republican Rep. Jim Banks it would not provide Republicans the same information provided to House Speaker Nancy Pelosi’s hand-picked committee consisting only of Democrat-appointed members.

“We respectfully refer you to the Select Committee regarding issues of access to records and information,” the agency wrote in response to a Republican request for information, referring to the official House panel established by the speaker.

Pelosi took what she admitted was an “unprecedented” step of refusing the appointments made by Republican Leader Kevin McCarthy, barring Navy officer and Afghanistan veteran Banks and Judiciary Committee Ranking Member Rep. Jim Jordan, R-Ohio, from participation. In a fiery denunciation of Pelosi’s politicization of the committee, McCarthy, R-Calif., publicly announced Banks would lead Republicans’ investigation despite Pelosi blowing up the committee.