1

Senate Passes the “Inflation Reduction Act of 2022” that Will Destroy the Middle Class

Senate Democrats on Sunday passed their so-called “Inflation Reduction Act of 2022”, a sweeping, $740 billion tax, climate and health care reconciliation package after an all-night session. $370 billion has been allotted for for climate change including tax incentives to manufacture and purchase electric vehicles and generate more wind and solar electricity. The spending bill also allocates $80 billion to the IRS with plans to increase its staff with 87,000 new agents. A critic pointed out that the proposal will not reduce inflation, but will instead cause massive job loss and increase household electricity expenses by 23%.

Summary by JW Williams

The Inflation Reduction Act of 2022 includes $80 billion for the IRS, to be distributed over the next ten years, allowing them to hire 87,000 new agents, more than doubling their workforce to crack down on tax evasion. At 165,661 employees, the IRS is poised to become larger than the Pentagon, State Department, FBI and Border Patrol combined total employees of 158,779.

Taxpayers with taxable income below $400,000 will supposedly not see an increase in their tax bills, however, the Joint Committee on Taxation committee concluded that the new bill would increase tax revenue by $16.7 billion on Americans earning less than $200,000 a year. Households with less than $25,000 per year were five times as likely to be audited by the IRS than everyone else in 2021. In addition, conservatives worry that they could be targeted by the IRS.

Approximately $385 billion will go to the “climate crisis” and energy policies, supporting electric vehicles, rooftop solar and energy efficiency, and will focus on low income communities. The bill requires a 40% reduction in greenhouse gas emissions by 2030.

The proposal encourages “diet and feed management strategies to reduce enteric methane gas emissions from 8 ruminants“—(animals like cows and pigs). This comes at the same time that farmers in Europe and Canada are facing new regulations that will force them to limit raising animals.

The Inflation Reduction Act of 2022 includes a proposal to raise “approximately $450 billion to pay for deficit reduction, clean energy, and climate investment.” The bill imposes a 15% Corporate Minimum Tax on the top 200 corporations not currently paying taxes at that level. Supporters claim that the 15% increase will raise $313 billion in revenue, however, higher corporate tax rates usually eventually result in fewer jobs for Americans.

Sources:

Uncover DC:   https://uncoverdc.com/2022/07/29/historic-spending-on-climate-crisis-the-inflation-reduction-act-2022/

Tulsa World:    https://tulsaworld.com/news/local/inhofe-lankford-vote-against-economic-package/article_2d6b6892-168a-11ed-958c-8b615f35480c.html

Axios:   https://www.axios.com/2022/08/07/senate-democrats-tax-climate-healthcare-reconciliation?stream=politics&utm_source=alert&utm_medium=email&utm_campaign=alerts_politics




FBI Raids Trump’s Home. What to Do If It Happens to You

Palm Beach, Florida: Former President Trump’s home, Mar-a-Lago, was raided by the FBI in an unprecedented intrusion against a non-sitting commander-in-chief who indicated he may run for the office of president again. The GOP says that the US Department of Justice (DOJ) has been ‘weaponized’. Trump said that the FBI had even broken into his safe. Sources said that the National Archives and Records Administration referred the case to the DOJ, which recovered 15 boxes of classified materials from the home. Federal Judge Bruce Reinhart, who approved the search warrant authorizing the FBI raid, donated to Barack Obama’s 2008 presidential campaign and, before he was a judge, he resigned from the South Florida US Attorney’s Office effective on New Year’s Day 2008 and went to work representing Jeffrey Epstein’s employees who received immunity in the long-running sex-trafficking investigation of the financier.

Peggy Hall questions the motive behind the raid. She presented advice from a law firm about FBI raids and what to do if you become a target of the FBI and your home is raided.

 

 

The FBI’s decision to execute a search warrant a former President Trump’s Mar-a-Lago home on Monday is “unprecedented” – especially for a non-sitting commander-in-chief and one who indicated he might run again, a former special-agent-in-charge told Fox News Digital.

“We just haven’t investigated presidents after they’ve served their term,” Michael Tabman, former head of the FBI’s Minneapolis Field Office, said. “But it is a huge move by the FBI in that the political sensitivities are clear. It’s obvious that they’re dealing on a very, sort of tenuous political climate when you go out and you investigate a president, especially one who says he may run for office again.”

Trump announced on Monday that his palatial Florida residence had been raided early in the morning. Sources told Fox News Digital the search was in connection with materials that Trump took with him from his time as president. Sources also said National Archives and Records Administration referred the case to the Justice Department, which recovered 15 boxes of classified materials from the home.

But Tabman, who is now retired and not involved in the FBI’s investigation into Trump, noted that securing a search warrant “is no minor task.”

Read full article here…

 

From the Blanch Law Firm in New York:

What Should I do if I am the Subject of an FBI Raid?

First and foremost, if you are the subject of an FBI raid, ask to see the search warrant and agent’s badges. Every agent is required to carry an FBI badge and photo identification.

Reading over the search warrant is important. You should know what the FBI agents are looking for, where they are allowed to look, and what they are allowed to seize as evidence. Knowing this information can be important because you can watch the agents and make sure that they are not overstepping what the warrant allows them to do.

Next, contact an attorney. During a raid, and any criminal investigation, you have a constitutional right to counsel. You can request that the agents wait until an attorney arrives on scene. Often, if it will not unduly delay the search, the agents will comply.

The sooner you contact an attorney, the sooner they can begin to aid you, guide you, and make sure that your interests are protected.

In addition, make sure you do not say anything. Speaking to agents during a raid could lead to you inadvertently making an incriminating statement. This could put you in more legal trouble or could lead to legal trouble if the raid was only meant to gather information and evidence about someone else’s crime.

Not speaking also means that you will be unable to give consent to the agents present to search areas that are outside the scope of the warrant. Since search warrants must be specific, if there is an area that is not described in the warrant the agents cannot search for evidence there unless you, or some other person who has permission to access that area, gives the agents consent to search it.

During a raid the FBI agents present will not let anyone come into the area being searched. They will also not let anyone leave the area. It is best to be cooperative and not cause any issues that could lead to you facing further legal troubles.

Blanch Law Firm:   https://www.theblanchlawfirm.com/practice-areas/government-investigations/fbi-raids/

 

Additional source:   https://nypost.com/2022/08/09/judge-who-approved-fbi-raid-on-mar-a-lago-once-linked-to-jeffrey-epstein/