The Democrat’s Inflation Reduction and Health Bill is a lengthy wolf of appropriations designed to: Fund black farmers, institutions, NGO’s, universities, daycare, and teachers who feel discriminated against – at any level at any point in their life. One such designated institution is AmeriCorps whose elected CEO, Michael Smith, is a former protégé of Obama and aligned with Bloomberg and Bill Gates. The purpose of the Bill would appear to elevate all black people to higher education status while conveniently wording available grants to rebuild cities and states devastated by Antifa and BLM Riots.
AmeriCorps would appear to be a ‘black only’ organization with a revamped website that is nearly devoid of anything or anyone – white or Hispanic or Asian. According to their 2021 financial statement, AmeriCorps has unspent NET funds of $3 billion on $3.47 billion in Assets. Net annual ‘program expenses’ are listed as $900 million on appropriations of $2.1 billion.
The Statements are ‘Unaudited’. Clifton, Larson & Allen, LLP were the auditors tasked with the evaluation of these financials, however due to significant lack of transparency they declined to audit. Specifically, they stated that a deficiency in internal controls, misstatements, and material weaknesses were observed. No Information detailing Program Expenses at all is provided.
Therefore, the Inflation Reduction and Health Bill has allocated AmeriCorps an additional $3.2 billion to be spent on Black Education Initiatives and Black Companies. AmeriCorps is hardly the only attention getting organization, Amnesty International has a history of criticisms. Their newly elected Board Chair is a psychologist active in climate change and feminism working for WHO and WEF. She also works as a ‘model’… Her entire work history would appear to be modeling.
According to Amnesty’s USA Branch Form 990 – their focus is on the following areas: police accountability, gender identity, gun violence, refugee seekers, and individuals at risk. For these initiatives, Amnesty spent roughly $12-$13 million on salaries, a total of $78,000 on grants for domestic purposes that was split among 27 individuals – average $2,888, $855,000 for Dues, Office Expenses roughly $6 million, “Other” – $3.1 million, and $8.77 million for “Communication”. They Spent $21.6 million on fundraisers and netted $3 million – 13.8%.
Their largest ‘Fundraising’ agency was AB Data whose clients include: Obama, John Kerry, Democrat Senatorial Campaign, Democrat Congressional Campaign, Ted Kennedy, Amy Klobuchar, etc… There second largest Fundraising Agency was a two person shop, Sea Change Strategies. The remaining three Fundraiser organizations Lost significant amounts of money.
Amnesty USA NET ASSETS have accumulated to $25 million unspent contributions for Humanity! Of the total revenue/contributions raised for USA in 2021, .15% was spent on US Grants.
While The Democrats are ‘giddy’ with their insertion of a $2,000 cap on prescription out of pocket costs under Medicare ‘beginning in 2025’– previous analyses stated:
“Insurance plans, including Medicare, may be forced to offset these out-of-pocket payment caps in other ways if drug manufacturers continue to charge high list prices, especially when prices rise in lock-step among competing manufacturers. This may include curtailing coverage for other types of health care services or raising monthly premiums.”
The means for achieving this shift in prescription caps means transferring the liability. Currently, liability is levied 80% Medicare – 15% Plan – 5% Beneficiary. The New BIDENOMICS shifts responsibility: Pharma 20% – Plan 60% – Medicare 20% – Beneficiary -0-.
Of course – Pharma and Insurance will simply pass these increases to the Beneficiary via nominal pricings. A Medicare Plan D premium will increase significantly as an offset and those persons who are NOT on Pharmaceuticals will thus pick up the cost for the infirm. It is called Universal Coverage.
The Bill is a mockery! Like ACA – which has raked American’s insurance costs from $350 a month for a family to an average of $1800 a month – a 500% INCREASE. Individuals from $125 a month to $1200+. This is considered the AFFORDABLE CARE. The prescription Drug cap will simply increase drug costs exponentially – 300% to 400%. Leaving senior unable to afford Plan D at all.
So exactly how will the Bill reduce Inflation?
According to Liberal Pundits – the Bill will ‘create jobs and lower costs’. But according to the White House – unemployment doesn’t exist – so who is going to fill these jobs? Why illegal immigrants of course – as long as they are – Black.
The creative accounting office has determined that a 15% minimum tax for corporations will raise $313 billion to ‘pay down’ the annual deficit which was tagged at over $2.2 trillion in 2021 before the Biden Regime spent billions on Ukraine and entered a Recession. As a result of the refined 15% rule, corporations pay tax on ‘book income’ thus eliminating the incentive to make ‘capital investments’ that were subject to depreciation. In addition, tax=exempt bond income would be fully taxable. Thus radically changing the investment scenario for ALL corporations and hedge funds paying out tax-free income on bonds to shareholders.
Calling the 15% a Globalist Aligned Tax is borderline fraud. Global means ‘every country on earth’ – in fact, this Global Tax is very sporadic among nations. Initially, 130 countries pledged to follow the 15% tax strategy – however, that alliance was BEFORE the US pissed off Russia, Hungary, China, India, Brazil, South Africa among others…
Thus ‘Middle Income Investors’ and ‘Seniors’ are once again on the hook!
Janet Yellen, the Handle of the Federal Reserve, is of the comical opinion that the US can sanction the revenue out of these countries while still forcing the 15% max tax… Obviously promises and pledges can be broken on a dime – so it is doubtful this ‘Global’ Tx rate will have any GLOBAL alliance…
The Inflation Reduction and Health Bill will be the impetus for further devaluation of the average American and likely cause seniors unabounded poverty and death. And the only way Medicare will technically ‘recover’ is by the forced reduction of recipients via these egregious methods.