What’s Going On:

Biden’s plan puts U.S. taxes under ‘global control’

President’s scheme ‘will make America less competitive’

The Biden administration is pushing a misguided 21 percent global corporate minimum tax on American businesses. At the same time, the administration is pushing for a global agreement amongst foreign countries to set a foreign minimum tax rate of 15 percent.

This is a terrible idea that, if successful, will surrender U.S. sovereignty to foreign leaders in Russia, China, Saudi Arabia, and the European Union in order to bind the world into higher taxes and bigger government.

TRENDING: Mystery: TV news reporter who exposed the Clintons found dead

Fortunately, the proposal requires the sign off of lawmakers in Congress. Democrats and Republicans alike should reject this proposal and stand with American taxpayers. Rather than signing off on this reckless proposal by voting for Biden’s tax hikes, lawmakers should be focused on policies that help American businesses and workers and strengthen innovation, manufacturing, and intellectual property in the U.S.

The Biden administration, led by Secretary Yellen, is pushing the flawed narrative that we need a global agreement locking in high taxes in order to “end the race to the bottom” and “make all citizens fairly share the burden of financing government.”

Unfortunately, the concept is receiving strong approval from foreign countries – it was endorsed last week by the G-7 nations in a joint communique and will soon go before the G20, where it will require the approval of Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, India, Indonesia, Italy, Mexico, Russia, South Africa, Saudi Arabia, South Korea, Turkey, the United Kingdom, and the European Union.

Why is the Biden administration pushing this proposal given their supposed priority is helping American families and workers?

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Well, the administration is pushing this global minimum tax agreement concurrently with higher taxes in the U.S, an acknowledgement that the tax increases proposed will make America less competitive.

Biden has proposed 30 tax increases totaling $3 trillion. As part of this plan, he would raise the corporate tax 28 percent (32 percent after state taxes) and enact a 21 percent global minimum tax on American businesses operating overseas.

It should be telling that the Biden admin’s proposal to foreign countries is a 15 percent minimum tax, while his domestically he has proposed a 21 percent minimum tax. Clearly, the administration is not prioritizing American businesses and workers.

While Biden may hope that a global agreement locking in high taxes will mitigate the damage of his trillions in new taxes, this assumes that foreign countries will play by the rules.

It is unrealistic at best and naïve at worst for the U.S. to expect foreign countries – many of which have a history of undemocratic governance and human rights violations — to play by the rules in a way that ensures American businesses and workers are treated fairly.

In fact, there is already the expectation that China and Russia will find ways to avoid the global minimum tax agreement or ignore it entirely. Chinese media are urging the Chinese Communist party to respond to the G-7 agreement by cutting taxes in order to attract more investment and bolster domestic manufacturing.

China already provides generous tax subsidies to businesses. For instance, they recently enacted a 200 percent deduction for eligible research and development expenses and has a preferential 15 percent tax rate for high-tech enterprises.

Rather than following the lead of global bureaucrats and signing off on Biden’s minimum tax proposal, federal lawmakers should maintain pro-growth tax policies that ensure American workers and businesses can thrive.

The year after the Republicans passed the Tax Cuts and Jobs Act, the U.S. was named the most competitive economy in the world. By 2019, the unemployment rate had dropped to 3.5 percent, a 50-year low. In the same year, median household income increased by $4,440 or 6.8 percent, the largest one-year wage growth in history.

The U.S. grew faster than rest of the world and was the only G7 industrialized country to record annual real GDP growth exceeding 2 percent in 2018 or 2019. The U.S. growth rate of 2.9 percent in 2018 was significantly higher than other developed countries like Germany, which saw 1.5 percent growth and the United Kingdom, which grew by just 1.3 percent.

The global minimum tax agreement being pushed by the Biden administration is a terrible idea that will stifle tax competition and lock in big government across the world. U.S. lawmakers should reject this proposal and maintain American tax competitiveness so that workers and businesses can compete and thrive.

Ep. 2499b – If You Know The [DS] Playbook How Can You Trap Them For The World To See?

The [DS] has been trapped by their agenda, lies and narrative. The patriots knew their playbook and used it against them. The public is now finding out that they lie about it all and the fake news, big tech and corrupt politicians are continually lying. What the world is witnessing is the biggest sting operation we have ever witnessed, Trump and the patriots put everything on the line and now the world is about to see it all, the [DS] system is going to be exposed to everyone.

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Intro Video Music: YouTube Free Music: Cataclysmic Molten Core by Jingle Punks

Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks

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EXCLUSIVE: High-Ranking Chinese Defector Has ‘Direct Knowledge’ of Several Chinese Special Weapons Programs

Xie Huanchi/Xinhua via AP
A person believed to be among the highest-ranking defectors ever to the United States from the People’s Republic of China has been working with the Defense Intelligence Agency (DIA) for months, sources inside the intelligence community have told RedState on condition of anonymity. The defector has direct knowledge of special weapons programs in China, including bioweapons programs, those sources say.

The information provided to RedState corroborates and clarifies Thursday evening’s reporting by journalist Adam Housley.

 

RedState’s sources say that’s partially true. FBI Director Christopher Wray was “ambushed” with the information, they say, and Langley was also unaware. Sources say DIA leadership kept the defector within their Clandestine Services network to prevent Langley and the State Department from accessing the person, whose existence was kept from other agencies because DIA leadership believes there are Chinese spies or sources inside the FBI, CIA, and several other federal agencies.

 

 

More information will be published as it becomes available to RedState.

UPDATE 12:30 PM PDT, June 4, 2021

Sources tell RedState the defector has been with the DIA for three months and that he has provided an extensive, technically detailed debrief to US officials. In DIA’s assessment, the information provided by the defector is legitimate. Sources say the level of confidence in the defector’s information is what has led to a sudden crisis of confidence in Dr. Anthony Fauci, adding that U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) personnel detailed to DIA have corroborated very technical details of information provided by the defector.

(NOTE: Several former CIA officers have questioned the veracity of this story or termed it an outright fabrication. We are aware of those comments and stand by our sources.)

CIA Hid High Ranking Chinese Defector With Evidence Of ‘Several’ Secret Bioweapons Program

The CIA is the deep state.

Asset hidden from FBI, CIA because of ‘suspected’ Chinese spy infiltration… (Source: Twitter Screenshot)

Apparently, the Central Intelligence Agency kept secret a high-ranking defector who has knowledge of several bioweapons programs being carried out by the communist state.

Red State reported:

A person believed to be among the highest-ranking defectors ever to the United States from the People’s Republic of China has been working with the Defense Intelligence Agency (DIA) for months, sources inside the intelligence community have told RedState on condition of anonymity. The defector has direct knowledge of special weapons programs in China, including bioweapons programs, those sources say.

The information provided to RedState corroborates and clarifies Thursday evening’s reporting by journalist Adam Housley.

RedState’s sources say that’s partially true. FBI Director Christopher Wray was “ambushed” with the information, they say, and Langley was also unaware. Sources say DIA leadership kept the defector within their Clandestine Services network to prevent Langley and the State Department from accessing the person, whose existence was kept from other agencies because DIA leadership believes there are Chinese spies or sources inside the FBI, CIA, and several other federal agencies.

Sources tell RedState the defector has been with the DIA for three months and that he has provided an extensive, technically detailed debrief to US officials. In DIA’s assessment, the information provided by the defector is legitimate. Sources say the level of confidence in the defector’s information is what has led to a sudden crisis of confidence in Dr. Anthony Fauci, adding that U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) personnel detailed to DIA have corroborated very technical details of information provided by the defector.

Russia’s $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets

Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia’s sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan – or simply buying precious metals like gold, which Russia’s central bank has increasingly favored for its own reserves.

Finance Minister Anton Siluanov

Finance Minister Anton Siluanov made the announcement Thursday morning at the annual St. Petersburg International Economic Forum.

“We can make this change rather quickly, within a month,” Siluanov told reporters Thursday.

He explained that the Kremlin is moving to reduce exposure to US assets as President Biden threatens more economic sanctions against Russia following the latest ransomware attacks. The transfer will affect $119 billion in liquid assets, Bloomberg reported, but the sales will largely be executed through the Russian Central bank and its massive reserves, limiting the market impact and reducing visibility on what exactly the sovereign wealth fund will be buying.

“The central bank can make these changes to the Wellbeing Fund without resorting to market operations,” said Sofya Donets, economist at Renaissance Capital in Moscow. “This in some sense a technical thing.”

Jordan Rochester, currency strategist at Nomura International PLC, said, “This is a transfer of euros from the central bank to the wealth fund, we’ll then see the central bank the holder of the USDs and it’s up to them to manage it. No initial market impact.”

The news isn’t a complete surprise: The Bank of Russia, Russia’s central bank, has steadily reduced its dollar holdings over the last few years amid increasing sanctions pressure from the US and Europe. That trend continued through President Trump’s term.

Just a few days ago, we reported that the Russian parliament had just authorized the sovereign wealth fund to buy gold through the central bank. However, the central bank reports its holdings with a six-month lag, making it impossible to determine its current holdings.

Russia’s gold holdings eclipsed its dollar reserves last year despite a halt in gold purchases. This was partly due to an increase in the value of its gold holdings with the rise in gold prices, and partly a function of the central bank’s continued efforts to shed dollar assets.

The wealth fund currently holds 35% of its liquid assets in dollars, worth about $41.5 billion, with the same amount in euros and the rest spread across yuan, gold, yen and pounds. After this latest change, the fund’s assets will be held 40% in euros, 30% in yuan, 20% in gold and 5% each in yen and pounds, Siluanov said.

Source: Bloomberg

The wealth fund holds savings from Russia’s oil revenues above a cutoff price and is used to help offset shortfalls when the market falls below that level. Together with illiquid assets, its total value is $185.9 billion.

A few years ago, Russian President Vladimir Putin warned that Washington was inadvertently accelerating de-dollarization with its aggressive financial sanctions, which were forcing its geopolitical adversaries to reduce their dependence on the greenback. Just last month, Russia reached a new milestone whereby fewer than 50% of its exports were paid for in dollars.

It appears that after years of steadily reducing its dependence on the dollar, Russia is about to intensify those efforts in a way that Washington will be forced to take notice.

Biden Keeps Quoting Mao Zedong In Push For ‘Social Justice’

President Joe Biden speaks during the National Memorial Day Observance at the Memorial Amphitheater in Arlington National Cemetery, Monday, May 31, 2021, in Arlington, Va.(AP Photo/Alex Brandon)

President Joe Biden speaks during the National Memorial Day Observance at the Memorial Amphitheater in Arlington National Cemetery, Monday, May 31, 2021, in Arlington, Va.(AP Photo/Alex Brandon)

OAN Newsroom
UPDATED 11:50 AM PT – Tuesday, June 1, 2021

Joe Biden has continued to quote the founder of Communist China, Mao Zedong, which is stirring further concerns of his sympathies toward Beijing.

“As that old expression goes, woman hold up half the sky,” he stated during an interview with ABC. “And in order to be able to succeed, you’ve got to be dealt in across the board.”

This phrase was originally used by Chairman Mao in 1973 when he said, “whatever men comrades can accomplish, women comrades can too…women hold up half the sky.” Mao was talking about gender equality in Communist China and Biden hasBEEN  using that quote in a similar push for social justice in the U.S.

“Some people think the socialist system is creating a paradise on earth,” noted Justin Yu, the nephew of exiled Chinese Cardinal Yu Pin. “Actually, it’s not. We can see every country which practices socialism and are communist are, in fact, in very bad shape and the people are suffering.”

Biden has quoted Mao in public speeches and interviews at least three times since last year. These instances include a fundraiser with Valerie Jarrett last July, the appointment of Kamala Harris as his running mate that August and a speech before military cadets this May.

BREAKING: Fauci Sent Panicked Gain-Of-Function E-Mails To Staff In Early COVID Days.

Dr. Anthony Fauci – who has repeatedly denied being involved in any “gain-of-function” research – sent panicked e-mails to staffers at his National Institutes for Allergies and Infectious Disease (NIAID) early on during the pandemic.
E-mails obtained through a Freedom of Information Act request have revealed some critical moments in the early days of the pandemic when Dr. Anthony Fauci began demanding information related to gain of function experiments from underlings.

Dated February 1st, one panicked e-mail to NIAID deputy director Hugh Auchincloss stated:

“Hugh,

It is essential that we speak this AM. Keep your cell phone on. I have a conference call at 7:45am with Azar. It likely will be over by 8:45am. Read this paper as well as the e-mail that I will forward you now. You have tasks today that must be done.

Thanks,

Tony.”

FAUCI’S FEB 1 E-MAIL TO HIS DEPUTY.

The academic paper attached to the e-mail is titledA SARS-like cluster of circulating bat coronaviruses shows potential for human emergence.

It discussed how researchers in the United States and China were manipulating viruses to understand better how they might attach themselves to humans.

The abstract states:

Using the SARS-CoV reverse genetics system, we generated and characterized a chimeric virus expressing the spike of bat coronavirus SHC014 in a mouse-adapted SARS-CoV backbone. The results indicate that group 2b viruses encoding the SHC014 spike in a wild-type backbone can efficiently use multiple orthologs of the SARS receptor human angiotensin converting enzyme II (ACE2), replicate efficiently in primary human airway cells and achieve in vitro titers equivalent to epidemic strains of SARS-CoV.

Per the National Institute for Health, “Gain-of-function (GOF) research involves experimentation that aims or is expected to (and/or, perhaps, actually does) increase the transmissibility and/or virulence of pathogens. Such research, when conducted by responsible scientists, usually aims to improve understanding of disease causing agents, their interaction with human hosts, and/or their potential to cause pandemics. The ultimate objective of such research is to better inform public health and preparedness efforts and/or development of medical countermeasures. Despite these important potential benefits, GOF research (GOFR) can pose risks regarding biosecurity and biosafety.”

Just one day later, Fauci receives correspondence claiming that Tedros (of the World Health Organization) and Bernhard [Schwartländer, his cabinet chief] had gone into “conclave.” This was presumably to decided on pandemic declarations or travel restrictions. They opted against such things, at the time, while President Trump was attempting to shut the U.S. borders:

FAUCI’S E-MAILS ABOUT TEDROS.

Mike Lindell Says He Was Denied Entry at Republican Governors Event

Mike Lindell Says He Was Denied Entry at Republican Governors Event

MyPillow CEO Mike Lindell said he was turned away from the Republican Governors Association conference on Tuesday when he arrived at the event.

The story: Lindell, a conservative and staunch supporter of former President Trump, told Politico that he flew to Nashville on Tuesday to attend the Republican Governors Association (RGA) conference, which is scheduled to last for three days.

Once he arrived at Nashville’s JW Marriott Hotel, he got his credentials and tried to join the rest of the group at the conference when a coordinator at the event told him that he was not allowed at official RGA events.

An RGA official told reporter Daniel Lippman that Lindell tried to get into a dinner at the Tennessee Governor’s Mansion, home to Gov. Bill Lee (R). Lindell was denied access because he is not an RGA member, the official explained.

“These events are for RGA members, and Mike Lindell is not currently an RGA member,” the official said in a statement to Politico.

But, Lindell claimed that he was invited to the event and showed the publication a screenshot of an “RGA – Nashville Meeting” calendar entry that featured an attachment titled “Nashville Agenda.pdf.”

He also provided Politico with a schedule of the RGA conference events he said he received, which was labeled as “confidential,” as well as his “executive roundtable” badge to the conference.

The report notes that the Tuesday event was titled “executive roundtable reception and dinner.”

The MyPillow CEO said that he planned to stay in Nashville for the remainder of the conference but because of what happened he would leave the state that same day.

Worth noting: Earlier in the day, Lindell joined Steve Bannon’s radio show where he vowed to talk to Georgia Gov. Brian Kemp and RGA’s chair Arizona Gov. Doug Ducey, about allegations of election fraud in their states.

Lindell was banned from Twitter, as well as the official account of his company, MyPillow. Last month, he said he would launch a new e-commerce platform to rival Amazon Inc.

 

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