Tag: Biden

H.R. 1319 – From 117th Congress – “American Rescue Plan Act of 2021”

So the media is drawing much attention on how this bill that is the upcoming “COVID Relief Bill” with the $1,400 stimulus payments to individuals and $2,800 to married couples (with certain income limitations) is a slap in the face to the American citizens.

NPR – Here’s What’s In The American Rescue Plan

NBC News – Congress passes $1.9T Covid relief bill, with $1,400 checks, in major win for Biden

I love how some of these news outlets / mass media outlets create the titles for their articles. It’s hilarious, to me.

Why do I think this is a slap in the face to us? Well, for one it’s a 628 page bill – if converted to PDF. And stop calling it a “COVID Relief Bill”. I have attached the PDF version of the passed bill below to your viewing:

It was just passed and heading towards the President’s desk for signature. I won’t be surprised if he signs it… Of this 628, it was way too much to take in… No wonder members of Congress makes these bills ridiculously long and lengthy to read because NO ONE will read it to its entirety!

Here’s some things that I saw that caught my eye and made me wonder… How is this a “necessary” amount (needed in the bill) to “help”?

Because they need these funds for… what… exactly?
I’m not entirely sure why $3.75 billion is needed to fight HIV/AIDS… But a Global Fund?

Now why is that the United States have to “pay” or “fund” some countries? Let’s take a look at the citation they referenced for the Foreign Assistance Act of 1961 – 22 U.S.C 2346…

We are sending money to Lebanon, still?
What about these other countries?

You know what I’ve noticed? The two media outlets I cited at the beginning – don’t even mention “foreign aid” or “foreign assistance”. They’ve just only highlighted what is going to the American people/citizens.

I mean, honestly speaking here… The total bill that was just passed by both houses of Congress is $1.9 Trillion… that’s $1,900,000,000,000. And let’s just say that we are a total, roughly, population in the United States of American – Citizens of about 335,000,000 (335 million). Give or take several. And say that about 15% is not eligible to receive a stimulus check, right? So in my simple example, let’s say that only about 284,750,000 get a stimulus. Let’s say the $1,400 is for each of these 284,750,000 people, that only = $398,650,000,000. That’s ONLY $398 BILLION.

So it makes me wonder and I hope you think about it as well, in this “great” bill that was just passed… What else is in this $1.9 Trillion dollar bill?

On a final note that I want to end my blog on this – because again – is a lot to read through… This caught my eye:

Why is there $35 million going to a private university and SPECIFICALLY THIS ONE, only?

Just take a look at the list of “notable alumni” from this university in particular. It’s easy – GOOGLE it. This just makes me wonder, why is there a specific allocation of funds to this particular private university? Again a PRIVATE university. Could there be some possible influence? I don’t know… That is for you to decide.

Private universities (and private colleges) are usually not operated by governments, although many receive tax breaks, public student loans, and grants. Depending on their location, private universities may be subject to government regulation. This is in contrast to public universities and national universities.

Media now reporting Biden calling to act on “common sense” gun law and Bill H.R 127 introduced on 1/4/2021.

So this blog adds on to my previous blogs back in January 2021:

“Australian Gun Owners Warning to America”

“In 2020, Congress proposed gun bills H.R. 5717 and S.3254”

I recently stumbled upon various media outlets indicating that President Biden is now calling out to the elected members of the legislature to act on “common sense” gun law, all today, February 14, 2021:

Epoch Times – Biden Calls on Congress to Restrict Gun Ownership

USA Today – ‘The time to act is now’: White House commemorates Parkland shooting, calls for action on gun safety

Excerpt from USA Today article – “…Today, I am calling on Congress to enact commonsense gun law reforms, including requiring background checks on all gun sales, banning assault weapons and high-capacity magazines, and eliminating immunity for gun manufacturers who knowingly put weapons of war on our streets,” the White House declared…

Aljazeera – Biden calls for “commonsense” gun laws on Parkland anniversary

One bill was already introduced as H.R. 127 as of January 4, 2021. The sponsor of this H.R. 127 bill was Sheila Jackson Lee (D-TX-18):

So far if the bill was converted to a PDF it is 19 pages:

So I looked over the Bill H.R. 127 and it is quite a doozy. Under the Section 932 they are identifying: Firearm registration and ammunition possession, registration of firearms, licensing, firearm insurance and penalties if these are not followed. Yes, you heard me – PENALTIES if you DO NOT have a license to own a firearm and ammunition. Again the full 19 page bill is in the PDF file above. And here are some highlights of what I saw from this bill that was introduced:

Interesting firearm insurance – so would this be a yearly fee?
These are some pretty HEFTY penalty amounts

So in addition to what I’ve noted above here are some interesting time of events/tweets/videos/posts – what have you… to put these media articles (at the beginning of this blog) into perspective…

The Biden Plan to End Our Gun Violence Epidemic

I converted the above website into a PDF document:

Biden’s Tax Plan Roadmap

So Bureau of National Affairs has put out the President’s road map of his tax plan. I’ve included the actual PDF in here for everyone’s viewing. I do have to make note of some items that caught my eye…

Here’s another portion of the Individual Taxes

To compare the SALT limitations – So in simpler terms (how I interpret) the SALT cap that is currently in place and maxed at $10,000 (under the Trump Administration). This $10,000 is the TOTAL allowed deduction for state and local taxes (SALT acronym) PLUS your property taxes on your primary residence/home. To help visualize the $10,000 deduction – this amount is reported on a Schedule A – “Itemized Deductions” if you are claiming these types of deductions when you file your Form 1040 each year. This form is to report your property taxes paid on your primary house, state and local taxes paid, mortgage interest, donations to charity, etc. etc.

Even if you paid $20,000 in property taxes, for example here, you’re limited to deducting only $10,000 based on the
SALT CAP.

Now since President Biden is wanting to eliminate the SALT cap – removing this $10,000 maximum amount. Who does this deduction benefit more, now? If you now can deduct more than $10,000, for this simple example? People who have the ability to own large properties or a primary residence AND a secondary residence? Some things for all of us to think about.

Here’s another TAX that caught my eye – it’s the “Transaction Tax” for buying OR selling stocks, bonds and/or derivatives:

Why I ask? Granted if you sell a stock at a gain, you will pay a tax on that gain (the tax paid will depend on the stock being a long term held stock or short term held stock). But if you sell a stock at a loss – similar to a loss in a business – you DO NOT pay a tax because you lost money essentially in that stock. However, President Biden supports this “transaction tax” whether you buy or sell a stock, bond or derivatives of stocks, etc. AGAIN – Why??

And the other one that caught my eye was the Corporate Tax increase and possible “Carbon Tax”:

So I just wanted to share this out there to everyone if you’re not aware of what President Biden may do for future taxes. Again, the PDF of his entire tax road map is included in the link at the beginning of this blog.

This adds on to my previous blog: President Biden’s Economic Policies

The Great Reset is becoming more prominent

You’ll hear this term quite often – “Building Back Better” OR “Build Back Better”. And I heard it already, from various politicians… our current U.S. politicians…

So Glenn Beck pointed this out last summer, year 2020. That the World Economic Form is talking about the Great Reset:

If you do not believe what he has exposed, here are direct links to the World Economic Forum:

Klaus Schwab’s vision of a post-COVID world, and how the economy can work with nature – The Great Reset podcast 

COVID-19’s legacy: This is how to get the Great Reset right

He mentioned the PDF document of Measuring Stakeholder Capitalism – it is a 96 page document – and I’m still reading it… I have to re-read portions of this document to make sure I read it correctly. Because it boggles my mind:

Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation

Here’s another video of Glenn Beck circling back on his analysis – November 2020 – in the name of “social justice”:

And some folks in Australia are taking notice about this “Great Reset”:

Here is another video Glenn Beck posted in December 2020 – further solidifying his analysis:

So here’s some more videos from the World Economic Forum directly and from the founder himself, Klaus Schwab:

Prediction Number 1 made my mind go blank. “You’ll own nothing and you’ll be happy. Whatever you want you’ll rent and it’ll be delivered by drone.”

Prediction Number 4 – “You’ll eat much less meat” Say what? You’re going to tell me how to eat, now, too?

8 predictions for the world in 2030