NC Renegades

Text: H.R.25 — 116th Congress (2019-2020)

TITLE I—REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES

SEC. 101. INCOME TAXES REPEALED.

Subtitle A of the Internal Revenue Code of 1986 (relating to income taxes and self-employment taxes) is repealed.SEC. 102. PAYROLL TAXES REPEALED.

(a) In General.—Subtitle C of the Internal Revenue Code of 1986 (relating to payroll taxes and withholding of income taxes) is repealed.

(b) Funding Of Social Security.—For funding of the Social Security Trust Funds from general revenue, see section 201 of the Social Security Act (42 U.S.C. 401).SEC. 103. ESTATE AND GIFT TAXES REPEALED.

Subtitle B of the Internal Revenue Code of 1986 (relating to estate and gift taxes) is repealed.SEC. 104. CONFORMING AMENDMENTS; EFFECTIVE DATE.

(a) Conforming Amendments.—The Internal Revenue Code of 1986 is amended—

(1) by striking subtitle H (relating to financing of Presidential election campaigns); and

(2) by redesignating—

(A) subtitle D (relating to miscellaneous excise taxes) as subtitle B;

(B) subtitle E (relating to alcohol, tobacco, and certain other excise taxes) as subtitle C;

(C) subtitle F (relating to procedure and administration) as subtitle D;

(D) subtitle G (relating to the Joint Committee on Taxation) as subtitle E;

(E) subtitle I (relating to the Trust Fund Code) as subtitle F;

(F) subtitle J (relating to coal industry health benefits) as subtitle G; and

(G) subtitle K (relating to group health plan portability, access, and renewability requirements) as subtitle H.

(b) Redesignation Of 1986 Code.—

(1) IN GENERAL.—The Internal Revenue Code of 1986 enacted on October 22, 1986, as heretofore, hereby, or hereafter amended, may be cited as the Internal Revenue Code of 2019.

(2) REFERENCES IN LAWS, ETC.—Except when inappropriate, any reference in any law, Executive order, or other document—

(A) to the Internal Revenue Code of 1986 shall include a reference to the Internal Revenue Code of 2019; and

(B) to the Internal Revenue Code of 2019 shall include a reference to the provisions of law formerly known as the Internal Revenue Code of 1986.

(c) Additional Amendments.—For additional conforming amendments, see section 202 of this Act.

(d) Effective Date.—Except as otherwise provided in this Act, the amendments made by this Act shall take effect on January 1, 2021.

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At a meeting yesterday, the age old question came up: how much time do we have left? My response never changes: yesterday. Anyone who is sentient understands that the economy should have collapsed in 2008. The latest theory to salvage the world wide economic debt is another round of massive quantitative easing which will only make our life’s savings even more worthless.

Different scenarios make any time frame irrelevant. However, I brought up the following scenario to drive home the point that time is running out. We are only two bullets away from a civil war breaking out in this country. If both President Trump and Vice-President Pence were assassinated, Nancy Pelosi would be President of the United States. Barring a military coup, this would result in civil war. Prove me wrong.

David DeGerolamo

Then again, we already knew this.

David DeGerolamo

Former FBI Director James Comey recently testified, or dodged question some 245 times during a congressional hearing. For a man who claims to have a photographic memory that is basically akin to an amnesiac who is filled with hubris.

In his book, Comey stated, “Ethical leaders choose a higher loyalty to those core values over their own personal gain.” After seeing his investigative prowess during the Clinton fiasco, the song and dance at previous congressional hearings, and now his selective memory, I find his expertise on honor and integrity about as impressive as Corrigan’s sense of direction. Putting aside for a moment, Comey’s Inspector Clouseau investigative talents, he has displayed little in the way of character that I would hope to see in an FBI official.

There are a gaggle of people in Washington, D.C. who loath Mr. Trump. James Clapper, John Brennen, several FBI investigators, along with many Republican and Democrat congressional members. Some of these congressional individuals have directed money to pay office sexual harassment (hush money) claims made by staffers and others. Many of these same individuals talk about impeaching Trump, or perhaps even indict him, for diverting his own money to the campaign fund to do basically the same thing.

Interestingly, Michael Cohen was just sentenced to three years in federal prison for lying to congress, but Brennan and Clapper told bald face lies during sworn congressional testimony and are as free as a bird. Cohen was told he didn’t need a lawyer before being sweated by FBI investigators. Clinton was allowed staffers who were also lawyers to be present and hear her testimony and make input. Even if one suffers from nasal congestion, this stinks to high heavens. By any stretch of the rules of criminal justice, Mrs. Clinton should have been charged with obstruction of justice if nothing else. Unfortunately, in America the criminal justice system seems to protect the powerful and well-connected and pick on those who have limited means of fighting back.

Mr. I doesn’t remember led the protection detail for Mrs. Clinton. Some of his biased underlings wrote the absolution determination. Attorney General Loretta Lynch had a private meeting with former President Clinton while Mrs. Clinton was under investigation by Lynch’s Justice Department; a conflict of interest and absolutely inappropriate act. If a junior federal prosecutor had a private meeting with the spouse of someone under investigation, he or she would lose their job.

Charles Rangel, a New York congressman who was on the committee which drafted IRS laws, claimed not to know that renting his estate in the Dominican Republic was taxable income. Rangel’s is another blatant case of convenient forgetfulness.

Lady Justice is shown blindfolded because fairness is, in theory, to be administered equally irrespective of an individual’s wealth, status, or political power. Unfortunately, equal justice for all is only an abstract ideal and has no practical application in the real world of criminal justice. If the criminal justice system wants to convict or get a plea from someone they will. In practical application the taxpayers’ supply the funds for the criminal justice system to have billions of dollars to expend and the accused is often faced with losing everything he or she has worked his or her entire life to accumulate just to fight the unwinnable battle.

Comey may not remember anything but millions of average Americans do remember his abdication of his oath to conduct his duties with the FBI in an ethical and honorable manner. He can write a book and tout his wonderful qualities; beyond the pages of his missive and in his hubris filled mind, these qualities seem to be nonexistent.

Check out my books at:

https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Dstripbooks&field-keywords=bill+shuey+books&rh=n%3A283155%2Ck%3Abill+shuey+books

Have a good week. Bill Shuey is a freelance writer currently in Quincy, Florida.

“Something Biblical Is Approaching” – Here Are The Scenarios Of The Collapse

2019 has started more calmly after a very volatile year-end in the markets. Focus has been on the trade deal between China and the US and the words of the central bankers, most notably those of Jay Powell. However, this is all just a distraction, a side-show. The market volatility was only the first sign of an approaching global economic crisis, as we warned in December 2017.

As the recent PMI figures across the globe show, a global downturn has started and the world is utterly unprepared for it. The global imbalances that have been growing for years cannot lead to anything else than a global crisis . However, there are different paths the crisis could take.

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Fortunately, even depressions and systemic crises have the tendency to bottom-out and recover. This is driven by resiliency. Even when faced by cataclysmic economic shock, businesses and people try to move forward, and rebuild their lives. Societies just do not spiral into anarchy and mayhem, even if the system should break down.

Still, every company, household and government should start to make contingency plans. Something ‘biblical’ is approaching.

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A massive swarm of locusts plagued Mecca, Saudi Arabia, earlier this week, prompting authorities at Islam’s holiest site to launch a cleaning operation to remove them.

Videos posted to social media showed the insects swarming around cleaners and worshipers in the city’s Grand Mosque, where millions of Muslim pilgrims congregate every year.

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