Current Events And Commentaries
“And this know, that if the goodman of the house had known what hour the thief would come,
he would have watched, and not have suffered his house to be broken through.” ~ Jesus
he would have watched, and not have suffered his house to be broken through.” ~ Jesus
Luke 12:39
TPNN
Tea Party News Network
No Joke: Obama To Pay For ‘Free’ Community
College By DOUBLE-TAXING Students
Who Saved For College
College By DOUBLE-TAXING Students
Who Saved For College
Welcome to Obama’s America where those who worked hard to save
can count on having their money properly “redistributed.”
By Greg Campbell — According to a report from Americans for Tax Reform, the President’s recent proposal to provide “free” community college to millions of students will come at a steep price for those who dared to save for college on their own.The formidable organization released a detailed description of the $320 billion tax hike being proposed and noted that one of the ways in which Obama would like to pay for this “free” community college is to penalize those who planned accordingly.
The report reads: (emphasis added)
On Saturday night the White House leaked the major tax hike details of the president’s upcoming budget. The common theme is higher taxes on savings and investment, totaling $320 billion over the next ten years.Welcome to Obama’s America where those who worked hard to save can count on having their money properly “redistributed.”...
“Democrats are demanding, yet again, tax increases on America. This never ends. When it comes to tax hikes Democrats are like a teenage boy on a prom date: they keep asking the same question different ways but always to the same point,” said Grover Norquist, president of Americans for Tax Reform.
Here are the major tax increases in the President’s upcoming budget:
1. Capital Gains Rate Hike: raises capital gains and dividends tax rate from 23.8% today (20% plus 3.8% Obamacare surtax) to 28% (including the Obamacare surtax).
The capital gains tax has not been that high since President Clinton signed a rate cut in 1997.
It would represent a massive hike in the rate since Obama took office. When he was sworn in, the rate was 15%. He proposes to nearly double it to 28% in the twilight of his administration.
2. Stealth increase in the death tax rate from 40% to nearly 60%.
Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the time of death or the decedent’s original basis. Almost always, the fair market value is higher.
Under the Obama proposal, when you inherit an asset your basis will simply be the decedent’s original basis.
Example: Dad buys a house for $10,000. He dies and leaves it to you. The fair market value on the date of death is $100,000. You sell it for $120,000. Under current law, you have a capital gain of $20,000 (sales price of $120,000 less step up in basis of $100,000). Under the Obama plan, you have a capital gain of $110,000 (sales price of $120,000 less original basis of $10,000).
There are exemptions for most households, but this misses the larger point: the whole reason we have step up in basis is because we have a death tax. If you are going to hold an estate liable for tax, you can’t then hold the estate liable for tax again when the inheritor sells it. This adds yet another redundant layer of tax on savings and investment. It’s a huge tax hike on family farms and small businesses.
It’s like a second death tax (the first one has a top tax rate of 40% and a standard deduction of $5.3 million/$10.6 million for surviving spouses). Conceivably, an accumulated capital gain could face a 40% death tax levy and then a 28% capital gains tax on what is left. Do the math, and that’s an integrated federal tax of just under 60% on inherited capital gains.
3. “Bank Tax”
A new 7 basis point (0.07%) tax on the liabilities (not assets) of the 100 or so U.S. firms with assets over $50 billion. This will obviously be passed along to these firms’ customers and employees, since businesses don’t pay taxes–people do.
4. Tax Increase on Families Saving for College
Under current law, 529 plans work like Roth IRAs: you put money in, and the money grows tax-free for college. Distributions are tax-free provided they are to pay for college.
Under the Obama plan, earnings growth in a 529 plan would no longer be tax-free. Instead, earnings would face taxation upon withdrawal, even if the withdrawal is to pay for college. This was the law prior to 2001.
5. Tax Increases in Retirement Plans and a New Employer Mandate
There would be a new cap in the amount one could accumulate in the aggregate in all IRA and 401(k) type accounts of $3.4 million. After that, you can’t save any more new dollars. The idea is that this is enough to secure a $210,000 annual distribution in retirement, which the government apparently deems “enough” for a retiree.
In addition, all employers with more than 10 workers and who do not have a 401(k) type plan would be mandated to set up payroll deduction Traditional IRAs for their employees. Also, part-time workers would have to be covered under retirement plans if they have been working someplace long enough. These two things are a new kind of employer mandate from Obama.
Supreme Court To Force All 50 States
To Follow Its Ruling On Same-sex Marriage
To Follow Its Ruling On Same-sex Marriage
By Joe Wolverton, II, J.D., The New American — The Supreme Court announced Friday that it would render a ruling on the question of whether every state in the Union must allow same-sex marriages. The opinion will be handed down by late June or early July, the end of the high court’s current term.While the New York Times describes the issue as “one of the great civil rights questions in a generation,” constitutionalists recognize it as another in a long line of questions of whether states will remain sovereign or continue their rapid devolution into mere administrative subunits of an all-powerful central government. The cases accepted by the Supreme Court were filed by “15 same-sex couples in four states,” according to the Times report....‘Limits On Free Speech’ – The Pope’s Latest Effort To Bring Muslims And Catholics Closer Together
By Michael Snyder, End Of The American Dream — Should criticism of Islam be banned? Should the kinds of cartoons depicting Muhammed that were published by French magazine Charlie Hebdo be against the law? In recent days, there has been a massive outpouring of support for free speech in the western world in the wake of the Charlie Hebdo massacre. But there have also been a few dissenting voices. One of these dissenting voices belongs to Pope Francis. He has publicly stated that “there is a limit” to free speech and that “you cannot insult the faith of others”. So obviously he does not approve of the cartoons of Muhammed that Charlie Hebdo has been publishing. By taking this kind of public stand, the Pope is going to further endear himself to the more than one billion Muslims in the world. Since he was elevated to Pope, he has been doing more than any of his predecessors to build bridges to Islam. So precisely why is he doing this? Why is he working so hard to bring Muslims and Catholics together? Could it be possible that he is laying the groundwork for a future one world religion?...SWISS SHOCK!! Currency War To Result In WW3
Alternative Media Television with Christopher Greene
‘Hard-hitting and in your face!’
What In The World Just Happened In Switzerland?
By Michael Snyder, The Economic Collapse — Central banks lie. That is what they do. Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”. But on Thursday, the central bank shocked the financial world by abruptly abandoning it. More than three years ago, the Swiss National Bank announced that it would not allow the Swiss franc to fall below 1.20 to the euro, and it has spent a mountain of money defending that peg. But now that it looks like the EU is going to launch a very robust quantitative easing program, the Swiss National Bank has thrown in the towel. It was simply going to cost way too much to continue to defend the currency floor. So now there is panic all over Europe. On Thursday, the Swiss franc rose a staggering 30 percent against the euro, and the Swiss stock market plunged by 10 percent. And all over the world, investors, hedge funds and central banks either lost or made gigantic piles of money as currency rates shifted at an unprecedented rate. It is going to take months to really measure the damage that has been done. Meanwhile, the euro is in greater danger than ever. The euro has been declining for months, and now the number one buyer of euros (the Swiss National Bank) has been removed from the equation. As things in Europe continue to get even worse, expect the euro to go to all-time record lows. In addition, it is important to remember that the Asian financial crisis of the late 1990s began when Thailand abandoned its currency peg. With this move by Switzerland set off a European financial crisis?...11 Top Economists Agree:
Our World Of Debt Is On The Edge Of Collapse
Our World Of Debt Is On The Edge Of Collapse
By J. D. Heyes, Natural News — A collection of nearly one dozen of the world's top economists and other geopolitical observers believe that the world is close to financial collapse, because so much of what passes for "the global economy" is built on false or otherwise conjured pretenses. As collected by Michael Snyder, founder of The Economic Collapse Blog, here are what 11 experts are saying about geopolitical conditions the world over:Bill Fleckenstein, president of Fleckenstein Capital: They are trying to make the stock market go up and drag the economy along with it. It's not going to work. There's going to be a big accident. When people realize that it's all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it's done what it's done because people have assumed complete infallibility on the part of the central bankers....
Michael Moore: Military Snipers Are ‘COWARDS,’ Not Heroes
By Elliot Jager, Newsmax — Michael Moore took a Twitter potshot at the acclaim being heaped on Clint Eastwood's film "American Sniper," tweeting that snipers are cowards not heroes, The Daily Mail reported. "American Sniper," starring Bradley Cooper, is based on the true story of Navy SEAL Chris Kyle, a special forces sharpshooter who was credited with 160 confirmed kills — reportedly the most in U.S. military history. Kyle believed he actually took down 255 enemy combatants.Moore, a left-wing populist filmmaker, tweeted to his 1.79 million followers: "My uncle killed by sniper in WW2. We were taught snipers were cowards. Will shoot u in the back. Snipers aren't heroes. And invaders r worse."
Eastwood's movie has won both popular and critical acclaim, being nominated for six Oscars. ...
American Sniper - Official Trailer 2
Warner Bros. Pictures
From director Clint Eastwood comes “American Sniper,” starring Bradley Cooper as Chris Kyle, the most lethal sniper in U.S. military history. In theaters December 25th.
U.S. Navy SEAL Chris Kyle is sent to Iraq with only one mission: to protect his brothers-in-arms. His pinpoint accuracy saves countless lives on the battlefield and, as stories of his courageous exploits spread, he earns the nickname “Legend.” However, his reputation is also growing behind enemy lines, putting a price on his head and making him a prime target of insurgents. He is also facing a different kind of battle on the home front: striving to be a good husband and father from halfway around the world.
Despite the danger, as well as the toll on his family at home, Chris serves through four harrowing tours of duty in Iraq, personifying the spirit of the SEAL creed to “leave no one behind.” But upon returning to his wife, Taya Renae Kyle (Sienna Miller), and kids, Chris finds that it is the war he can’t leave behind. » American Sniper Movie
U.S. Navy SEAL Chris Kyle is sent to Iraq with only one mission: to protect his brothers-in-arms. His pinpoint accuracy saves countless lives on the battlefield and, as stories of his courageous exploits spread, he earns the nickname “Legend.” However, his reputation is also growing behind enemy lines, putting a price on his head and making him a prime target of insurgents. He is also facing a different kind of battle on the home front: striving to be a good husband and father from halfway around the world.
Despite the danger, as well as the toll on his family at home, Chris serves through four harrowing tours of duty in Iraq, personifying the spirit of the SEAL creed to “leave no one behind.” But upon returning to his wife, Taya Renae Kyle (Sienna Miller), and kids, Chris finds that it is the war he can’t leave behind. » American Sniper Movie
Hundreds Show Up To PROTEST The
‘Stand With The Prophet’ Rally
‘Stand With The Prophet’ Rally
Infowars.com
(GARLAND, Texas) — The town of Garland, Texas is preparing for an influx of hundreds of protesters, who are expected to gather Saturday afternoon to protest an Islamic event.
The protesters are objecting to an event held by the Chicago-based Islamic organization called Sound Vision. Around 500 people are expected to attend the event called Stand with the Prophet Against Terror and Hate, according to ABC News affiliate WFAA-TV. The event is being held in a building rented from the Garland school district.
Police have been monitoring social media and expect anywhere between 100 to 1,000 people to show up, according to a spokesman for the Garland Police Department.
Alia Salem, the executive director for the Council on American-Islamic Relations in Texas, said they have asked for more police protection after threats were made on social media sites.
The protesters are objecting to an event held by the Chicago-based Islamic organization called Sound Vision. Around 500 people are expected to attend the event called Stand with the Prophet Against Terror and Hate, according to ABC News affiliate WFAA-TV. The event is being held in a building rented from the Garland school district.
Police have been monitoring social media and expect anywhere between 100 to 1,000 people to show up, according to a spokesman for the Garland Police Department.
Alia Salem, the executive director for the Council on American-Islamic Relations in Texas, said they have asked for more police protection after threats were made on social media sites.
Free-Speech Foes Attack My Website
Pamela Geller declares, ‘The Islamic supremacists are out for blood’
By Pamela Gellar, WND — Anti-free speech thugs are at it again. My website, Atlas Shrugs (PamelaGeller.com), was taken down by a massive DDoS attack last Thursday, and as of this writing on Sunday afternoon, the attack is still metastasizing. This attack is unprecedented in its size and scope. Jihadis and their leftist errand boys are so desperate to silence me and my message that they have devoted tremendous resources to taking down my site, which is devoted to honest news reporting about jihad activity.Leftists and Islamic supremacists do this on all fronts. On Saturday, I organized a rally against an anti-free speech Islamic conference, and the leftists were in lockstep, goosestep, with the Islamic supremacists – as the media coverage from leftist outlets demonstrated....
ICC Launches “Preposterous” Probe Into Israeli “War Crimes”
By Lea Speyer, Breaking Israel News — The International Criminal Court’s (ICC) chief prosecutor opened an initial probe into Palestinian claims of Israeli war crimes on Friday. “Today the prosecutor of the International Criminal Court Fatou Bensouda opened a preliminary examination into the situation in Palestine,” her office said in a statement. The decision to begin an inquiry into the war crimes allegations may lead into a full-blown investigation, her office added. Bensouda’s decision comes after the Palestinians were formally accepted into the ICC earlier this month, paving the way for them to file war crimes and crimes against humanity claims against Israel, beginning in April 2014.The Palestinians demanded that the ICC investigation include last summer’s 50-day war between Israel and Hamas in Gaza. Some 2,200 Palestinians died during the war and 72 Israelis. Israel has maintained that more than half of those killed belonged to Hamas or other terror groups operating in Gaza. Civilian casualties in Gaza are solely the fault of Hamas, who purposely chose to operate out of densely populated residential areas. Israel has called on the ICC to prosecute the Palestinians for its indiscriminate rocket fire....
Israel: The International Criminal Court Promotes Terror
By Aviel Schneider, Israel Today — Here in Jerusalem we are outraged by the preliminary investigations into alleged Israeli war crimes in Gaza by the International Criminal Court in The Hague (pictured). Israel finds it impossible to take seriously the insistence of Chief Prosecutor Fatou Bensouda that the proceedings will be fair and impartial.This is merely another example of the West’s double standards. What is permissible in and for the Western world when it comes to self defense is prohibited for the Jewish State of Israel.
“We will not ask permission to defend ourselves,” stressed ex-Finance Minister Yair Lapid on Israel Radio. “Thousands of rockets were fired from Gaza into Israel. Terror tunnels were dug under kindergartens. And what does the International Criminal Court do? It decides to investigate Israel!”...
Trey Gowdy’s Benghazi Inquest Compromised!
Gabor (Gabe) Zolna
Please see the referenced WND article ‘Admirals, generals, intel: Benghazi inquest compromised’ directly below this video.
Admirals, Generals, Intel: Benghazi Inquest Compromised
‘I think Gowdy has been warned away or threatened’
By Jerome R. Corsi, WND — The independent Citizens’ Commission on Benghazi, or CCB, has been doing its own investigation and working behind the scenes for the past year and a half to make sure Congress does the job the executive branch has failed to do: Namely, to get to the truth of what happened and to hold people accountable. A major step forward took place last May when Speaker of the House John Boehner, R-Ohio, announced the creation of a Select Committee to investigate, after about 190 House Republicans, under the leadership of then-Rep. Frank Wolf, R-Va., had co-sponsored legislation for just such action....The Anti-Muslim Demonstrations That Have Been Springing Up
Across Europe Have Finally Given Up And Bowed Down To Islam
Across Europe Have Finally Given Up And Bowed Down To Islam
By Walid Shoebat, Shoebat Foundation — As long as you reject the cross, you will bow to the Crescent. It matters not how many candels you light after each terror attack or how many anti-terror demonstrations you march in, as long as Christ is not the center of your cause, you will bow to the Muslim crescent, like it or not.And this is exactly what had just happened when PEGIDA, the most talked-about protest movement in Germany for years, which they held weekly anti-Islamization protests decided to cancel this Monday’s event after a threat was made by ISIS against its founder.
Christians were hopeful when PEGIDA demonstrations have been springing up across Germany as well as in Austria, Switzerland, Scandinavia and Spain, but Dresden remains the only rally to have got off the ground in a significant way. The organisation has drawn huge criticism from German politicians, especially the chancellor, Angela Merkel. They drew a record 25,000 people last Monday, in the wake of the attacks by Muslim terrorists in Paris in which 17 people were killed. But last Monday, some 100,000 German traitors, four times as large as PEGIDA, marched in nationwide counter-demonstrations against PEGIDA....
European Union Now Considering BAN On ISLAMOPHOBIA And
Meeting Demands Of Muslim Murderers
Thanks To Work Of Hillary Clinton And Turkey
Meeting Demands Of Muslim Murderers
Thanks To Work Of Hillary Clinton And Turkey
By Ben Barrack, Shoebat.com — In the wake of the Muslim terrorist attacks in Paris earlier this month, the Organization of Islamic Cooperation (OIC) is seeking to take a major step in Muslim progressivism. Almost singularly focused, the OIC has been attempting to criminalize criticism of Islam for years; it’s what they did in the wake of the 2005 Danish cartoons; it’s what they did in the wake of the 2012 Benghazi attacks; and it’s what they’re doing now. The OIC is patient but determined to make this happen....U.S. National Holiday: MLK Day 2015
“Then spake Jesus again unto them, saying, I am the light of the world: he that followeth me shall not walk in darkness, but shall have the light of life.” ~ John 8:12
15 years after Dr. King's death Republican President Ronald Reagan signed a bill into law making the third Monday of January a national holiday celebrating the birth and life of Dr. Martin Luther King, Jr.
MARTIN LUTHER KING, JR. (January 15, 1929 – April 4, 1968) was an American pastor, activist, humanitarian, and leader in the African-American Civil Rights Movement. He is best known for his role in the advancement of civil rights using nonviolent civil disobedience based on his Christian beliefs (Wikipedia).
» Cartoonist: Steve Kelly For two decades, political cartoonist Steve Kelley has devoted his attention to public officials the way the radiator grille of a tractor-trailer might devote its attention to June bugs. He has delighted readers by consistently consigning office-holders to the one fate they fear most: that of not being taken seriously. » Creators.com - A Syndicate of Talent
Jesus Privately Briefing His Inner Circle of Disciples
Regarding The Last Days
Regarding The Last Days
“And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world? And Jesus answered and said unto them, Take heed that no man deceive you. For many shall come in my name, saying, I am Christ; and shall deceive many. And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet. For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places. All these are the beginning of sorrows. Then shall they deliver you up to be afflicted, and shall kill you: and ye shall be hated of all nations for my name's sake. And then shall many be offended, and shall betray one another, and shall hate one another. And many false prophets shall rise, and shall deceive many. And because iniquity shall abound, the love of many shall wax cold. But he that shall endure unto the end, the same shall be saved. And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.” ~ Matthew 24:3-14