Eliminate the tax code for the Fair tax/ Flat tax or Consumption tax

Finally the discussion and debate is in fact really happening in Washington DC. Yay…

So, the Trump administration and the United States has a new Treasury Secretary, Scott Bessent. Soon after his swearing in, he did send out an X post:

 

 

 

 

 

 

 

 

Now let’s check out Georgia Congressman Buddy Carter….he has some legislation:

WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA) today introduced H.R. 25, the Fair Tax Act, to replace the current tax code with a national consumption tax known as the Fair Tax.Joining Rep. Carter as original cosponsors are Reps. Andrew Clyde (R-GA), Jeff Duncan (R-SC), Kat Cammack (R-FL), Scott Perry (R-PA), Bob Good (R-VA), Thomas Massie (R-KY), Ralph Norman (R-SC), Bill Posey (R-FL), Gary Palmer (R-AL), Jim Banks (R-IN), and Barry Loudermilk (R-GA).

Congressman Carter’s bill is 132 pages and found here. 

Imagine –>TITLE I—REPEAL OF THE IN2 COME TAX, PAYROLL TAXES, 3 AND ESTATE AND GIFT TAXES

Imagine –>11 ‘‘CHAPTER 3—FAMILY CONSUMPTION 12 ALLOWANCE ‘‘Sec. 301. Family consumption allowance. ‘‘Sec. 302. Qualified family. ‘‘Sec. 303. Monthly poverty level. ‘‘Sec. 304. Rebate mechanism. ‘‘Sec. 305. Change in family circumstances. 13 ‘‘SEC. 301. FAMILY CONSUMPTION ALLOWANCE. 14 ‘‘Each qualified family shall be eligible to receive a 15 sales tax rebate each month. The sales tax rebate shall 16 be in an amount equal to the product of— 17 ‘‘(1) the rate of tax imposed by section 101, 18 and 19 ‘‘(2) the monthly poverty level.

There is certainly more in the draft of the bill sho check it out….let the discussions begin.

Congressman Carter’s bill suggests a 25% consumption tax while other previously suggested proposals are at 17%. Note that here. 

Maybe with all the artificial intelligence chatter, AI can figure out what is the best option to replace the IRS tax code.

Media Critical that Trump has not Fixed the Price of Eggs

VP J.D. Vance sat for an interview with Margaret Brennan where she questioned him regarding all the executive orders but the price of eggs are too high..Mr. Vice President?

Exactly where was the media for the last four years?

So to be sure, while VP Vance did a relatively good job in answering why the price of eggs are high…he did miss the moment to call out CBS and other media regarding the Biden ‘Inflation Reduction Act’ which has not brought down the price of anything. Furthermore, not one single Republican voted for that law, why you ask?

After the expert at Forbes took a long look at the IRA, here are their major takeaways:

The Inflation Reduction Act is a slimmed-down version of the Build Back Better bill, which aimed to make historic investments in the nation’s social safety net. The new bill makes the largest investment in combating climate change in U.S. history, lowers the cost of prescription drugs and raises taxes on corporations.

Here are the big provisions:

  • Creation of a 15% corporate minimum tax rate: Corporations with at least $1 billion in income will have a new tax rate of 15%. Taxes on individuals and households won’t be increased. Stock buybacks by corporations will face a 1% excise tax.
  • Prescription drug price reform: One of the most significant provisions of the Inflation Reduction Act will allow Medicare to negotiate the price of certain prescription drugs, bringing down the price beneficiaries will pay for their medications. Medicare recipients will have a $2,000 cap on annual out-of-pocket prescription drug costs, starting in 2025.
  • IRS tax enforcement: The IRS has been sounding the alarm for years about being underfunded and being unable to deliver on its duties. The bill invests $80 billion in the nation’s tax agency over the next 10 years.
  • Affordable Care Act (ACA) subsidy extension: Currently, medical insurance premiums under the ACA are subsidized by the federal government to lower premiums. These subsidies, which were scheduled to expire at the end of this year, will be extended through 2025. Approximately 3 million Americans could lose their health insurance if these subsidies weren’t extended, according to the U.S. Department of Health and Human Services.
  • Energy security and climate change investments: The bill includes numerous investments in climate protection, including tax credits for households to offset energy costs, investments in clean energy production and tax credits aimed at reducing carbon emissions.

The bill passed with all 50 Democratic votes in the Senate on Aug. 7. Democrats were able to secure two key votes, from Senators Joe Manchin (D-W.Va) and Kyrsten Sinema (D-AZ), after the pair opposed earlier versions of the bill. Sinema, the last party holdout, expressed support for the bill after the carried-interest loophole provision was dropped.

Nothing reduces the price of eggs Margaret….but what did the Biden White House admit about the Inflation Reduction Act really? It was all about climate change.

On August 16, 2022, President Biden signed the Inflation Reduction Act into law, marking the most significant action Congress has taken on clean energy and climate change in the nation’s history. With the stroke of his pen, the President redefined American leadership in confronting the existential threat of the climate crisis and set forth a new era of American innovation and ingenuity to lower consumer costs and drive the global clean energy economy forward.

This guidebook provides an overview of the clean energy, climate mitigation and resilience, agriculture, and conservation-related investment programs in President Biden’s Inflation Reduction Act, including who is eligible to apply for funding and for what activities.

Pass this along to VP Vance when you get a chance please….

Longshoreman Pres Threatens America with Destruction

It is almost an act of war, it is a threat to everyone in America, it is insurrection…where is the White House of the Department of Justice? This threat and contract negotiations is about a year old…and Biden Harris have done nothing.

The Biden-Harris administration’s Secretary of Commerce Gina Raimondo admitted on Monday that she has not been concerned about a strike that could create shortages of food, pharmaceuticals and hundreds of consumer goods.

Daggett outlined a virtual nightmare for the American economy if the strike continues, threatening that dealers “can’t sell cars because the cars ain’t coming in off the ships. They get laid off. Third week, malls start closing down. They can’t get the goods from China. They can’t sell clothes,” he said. A delay in the longshoremen returning to work could take months for the nation to recover from.

“Everything in the United States comes on a ship. They go out of business. Construction workers get laid off because the materials aren’t coming in, the steel’s not coming in, the lumber is not coming in. They lose their jobs,” Daggett said, insisting that the companies would be “better off sitting down and let’s get a contract.”

 

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Meanwhile:Image

That yacht he used to own? Check it out…Image

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Did Joe know about his mafia ties?

The Justice Department, which has reportedly lost two cases against Mr Daggett, has accused him of being an “associate” of the Genovese crime family — one of the infamous “Five Families” of the US Mafia.

Charged with racketeering in 2005, Mr Daggett, took the witness stand and portrayed himself as a mob target, despite evidence against him from a turncoat Mafia enforcer saying he was under the mob’s control, the New York Times reported.

During that trial, one of Mr Daggett’s co-defendants, a renowned mobster named Lawrence Ricci, disappeared. His decomposing body was found in the trunk of a car outside a New Jersey diner several weeks later, with the killing still unsolved.

Despite his union serving as a historic symbol of the grip of organised crime on union members, as depicted in the 1954 film “On the Waterfront”, Mr Daggett was acquitted in both cases.

The union leader has previously criticised the Waterfront Commission, set up to combat Mafia control of the port, calling the allegations of mob influence “total bulls—”, and a “dark, ugly attack on Italian Americans”.

“It’s a damn tragedy for the Waterfront Commission to enjoy free rein and target Italian Americans as part of their historic anti-worker campaign. Let’s be real here. The Waterfront Commission has, for decades, claimed good jobs went to only those with so-called ‘mob ties,’” he said in 2022.

As industry goes to automation and technology from fast food the manufacturing…Daggett refuses that at our container ports…“Plus, we want absolute airtight language that there will be no automation or semi-automation, and we are demanding all Container Royalty monies go to the ILA.”

Jack Pennington

Soap Box Time: “Automation”

As everyone has heard by now my Boss is taking a hard stand on the never ending threat of automation that is infiltrating our industry, and I have heard the remarks from those that say we need to learn how to deal with it! Well I have a message for those people “kiss my fat A$$”! I got some news for those same naïve people that think it’s a good thing and by going to automation it’s going to save the consumer money, let me shed some light with some facts and history that nobody can dispute!

For instance, when the big 3 automakers decided to install robotic welders, painters, upholsterers, machinists, assemblers and countless other robots into production with the false pretense and promises that it would “remember this quote” (save the consumer money) well I ask you this question, did it cut costs of an automobile? The answer is an Easy NO! In fact, the cost of the standard car went up to pay for the robots and them being installed and thousands of workers were left jobless!

This fact goes for countless companies today Sam’s, Home Depot, Lowe’s, Walmart and many and many more have continually sold the general public on the premises that by going with automation it will save the public money, with the FACT being thousands of good tax paying jobs went away and the CEO’s and CORPORATE EXECUTIVES are getting rewarded and richer by getting raises and bonuses for making record breaking profits while your dads, moms, brothers and sisters are pushed out of work, not to mention the same retailers that sold “you the general public” on the idea that it will save you money has actually gone up on the price of groceries and supplies of all kinds!

 

Biden’s Admin Lost 291,000 Unaccompanied Migrant Children

Remember when the Democrats launched a huge attack on President Trump for disconnecting families/children of illegal migrants? Well…hold on…seems things are bubbling to the surface that the Biden administration and that pesky Border Czar, Kamala don’t care about who they lost….noting that an estimated 290,000 children have been exploited, trafficked or are in a forced labor condition.

Where is the joy now Kamala? Where is the child safety of these unaccompanied children? Inspector General Joseph Cuffari did the investigation and is shouting for immediate action. That ‘border bill’ that was killed and blamed on Trump never addressed the matter of the chaos and scandals at the Office of Refugee Resettlement.

DHS Secretary Defends Response to 20-Year-High Surge of Unaccompanied ...

38 Senators wrote a letter about this chaos and failure…radio silence from the FBI, DHS, HHS and the White House. Note the Department of Justice such as it is…does not care either. Human Rights? nah….

READ THE INSPECTOR GENERAL REPORT HERE

Table 1. UCs transferred to ORR, FYs 2019-2023 FY UCs released to ORR FY 2019 67,987 FY 2020 15,128 FY 2021 120,859 FY 2022 127,057 FY 2023 117,789 Total 448,820

Source: DHS OIG analysis of ICE data

According to OPLA officials, ICE ERO has no authority over UCs beyond managing their immigration cases. Therefore, even if ICE were to identify UCs in unsafe conditions, the agency has limited authority to respond. ICE personnel at two field offices affirmed this and explained they had identified UCs in unsafe conditions but were unable to intervene. One ICE officer expressed concern with not being able to take action in a case involving a UC whose sponsor claimed the UC was in an inappropriate relationship with her husband.

Also included in the report is this text:

We issued this management alert as part of an ongoing audit of ICE’s ability to monitor UCs who were released from DHS and HHS custody between FYs 2019 and 2023. The objective of our ongoing audit is to determine ICE’s ability to monitor the location and status of UCs once released or transferred from DHS and HHS’ custody. As part of our audit, between October 2023 and May 2024, we: • Interviewed more than 100 officials from ICE ERO, OPLA, Homeland Security Investigations, and the Center for Countering Human Trafficking, as well as external stakeholders from DOJ and HHS. The interviews included meetings with ICE field offices located in Miami, Los Angeles, St. Paul (Minnesota), Philadelphia, San Diego, Baltimore, Houston, Dallas, New York, and Chicago. • Reviewed relevant laws, reports, and policies, such as the Homeland Security Act of 2002, Immigration and Nationality Act, appropriations acts, prior DHS and HHS OIG reports, and internal ICE policies and handbooks. Additionally, we reviewed and analyzed multiple memorandums of agreement between DHS and HHS regarding UCs. • Reviewed and analyzed ICE data to determine the number of UCs ICE released to ORR from FY 2019 through FY 2023, UCs not served NTAs to date, and UCs who did not appear in court. We conducted this work pursuant to the Inspector General Act of 1978, 5 U.S.C. §§ 401-424, and in connection with an ongoing audit being performed according to generally accepted government auditing standards. Those standards require we plan and perform our audit work to obtain sufficient, appropriate evidence to provide a reasonable basis for our findings and conclusions based on our audit objectives. Additional information and recom

Biden Secretly Altered U.S. Nuclear Strategy

Note there is no mention of Iran and it’s advance toward a viable delivery of the weapon. Just a couple of weeks ago –>

US Secretary of State Antony Blinken on Friday said that Iran’s breakout time – the amount of time needed to produce enough weapons grade material for a nuclear weapon – “is now probably one or two weeks” as Tehran has continued to develop its nuclear program.

The assessment marks the shortest breakout time that US officials have ever referenced and comes as Iran has taken steps in recent months to boost its production of fissile material.

“Where we are now is not in a good place,” the top US diplomat said at the Aspen Security Forum Friday.

“Iran, because the nuclear agreement was thrown out, instead of being at least a year away from having the breakout capacity of producing fissile material for a nuclear weapon, is now probably one or two weeks away from doing that,” he said.

“They haven’t produced a weapon itself, but that’s something of course that we track very, very carefully,” Blinken added.

Blinken said the policy of the US is to prevent Iran from getting a nuclear weapon, and that the administration would prefer to stop that from happening through diplomacy.

Over a year ago a top US Defense Department official said that Iran could now produce “one bomb’s worth of fissile material” in “about 12 days.”

The Biden administration engaged in more than a year of indirect negotiations with Iran aimed at reviving the Iran nuclear deal, from which the US withdrew in 2018 under the Trump administration.

Those efforts collapsed in late 2022, as the US accused Iran of making “unreasonable” demands related to a probe by the International Atomic Energy Agency (IAEA), a UN nuclear watchdog, into unexplained traces of uranium found at undisclosed Iranian sites. In the months that followed, the administration maintained that the Iran nuclear deal was “not on the agenda.”

President Biden has reportedly altered the U.S. strategic nuclear plans toward opposing China’s burgeoning nuclear arsenal and preparing for possible nuclear coordination between ChinaRussia and North Korea.

According to a report Tuesday evening in The New York Times, the highly classified “Nuclear Employment Guidance” was altered in March without any public announcement.

“The document, updated every four years or so, is so highly classified that there are no electronic copies, only a small number of hard copies distributed to a few national security officials and Pentagon commanders,” the Times reported.

Congress is expected to be notified of the changes in unclassified form before Mr. Biden’s term in the White House ends in January.

But, The Times reported, two separate top officials have received permission to refer to the changes in public speeches, albeit only in “carefully constrained, single sentences.”

“The president recently issued updated nuclear-weapons employment guidance to account for multiple nuclear-armed adversaries,” said Vipin Narang, a Massachusetts Institute of Technology nuclear strategist who served in the Pentagon.

“In particular,” he added, the guidance reacted to “the significant increase in the size and diversity” of China’s nuclear arsenal.

Pranay Vaddi, the National Security Council’s senior director for arms control and nonproliferation, referred to the document in June, saying it emphasizes “the need to deter Russia, the PRC and North Korea simultaneously,” using the acronym for the People’s Republic of China.

Pentagon officials have warned for years about a nuclear-arsenal breakout from China.

Although Beijing has had nuclear weapons since the 1960s, for decades it had only a minimal deterrent force that barely measured up to the arsenals of Britain and France, much less those of the U.S. or the Soviet Union/Russia.

But the commander of U.S. Strategic Command, Air Force Gen. Anthony Cotton, testified to Congress in February that the size and rapid pace of Beijing’s nuclear buildup is “breathtaking.”

Current Chinese strategic stockpiles are estimated to be around 500 warheads and will increase to as many as 1,500 by 2030, with the most dramatic move being the building of more than 300 intercontinental ballistic missile silos in western China.