Since we get no appreciable interest on bank accounts, it’s time to emulate gramps and use the mattress banking plan. There’s no one under the bed to report us to the feds
Although it sounds preposterous, Joe Biden’s handlers have focused on a scheme that will partially finance his $multi-trillion spending spree on infrastructure and social programs that he has previously declared would “cost nothing.”
Trusting a man who has trouble uttering coherent sentences with governance is beyond the pale, but putting him in a figurehead position while the leftist regime actually in charge decimate our nation is, in Bidenese, ‘a horse of another stripe.’
The 107-page Budget Proposal, titled, “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” is slim compared to most of the schemes the democrats evasively try to cram down our throats.
Just read through the underlined headers to get an idea of the depth of the impact of what they have in store for American taxpayers. Each topic carries these elements: Current Law, Reasons for Change and Proposal.
National Review titles its exceptional coverage by Daniel J. Pilla, “Biden’s Tax Plan Calls for Indiscriminate Spying.”
To call the range of revision to our way of life “bone chilling,” is to deal in intentionally deceptive understatement. A fundamental is giving the IRS access to citizen’s bank account transactions, putting banks, credit unions and other financial institutions — such as stockbrokers — in charge of monitoring account holder’s transactions. They would be required to report all transactions in excess of $600 to the IRS.
Those who have achieved success and prosper will be penalized with massive tax increases, though they educated themselves, took risks, built their businesses and provide jobs for others, enabling them to buy homes and cars, put food on the table and put their kids through college.
Democrats hold success in contempt but want an ever increasing chunk of the fruits of the labor of the successful.
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