Thread: 'Fiscal cliff' legislation loaded with specials for Obama supporters

Are you one of the 'fiscal cliff' winners?

It must be fun to spend other people's money ...

The deal to avert the so-called fiscal cliff not only reduced Americans' paychecks and failed to rein in out-of-control spending, it delivered valuable goodies to Washington's favorite industries and pet projects ... including these kooky ones.

WND EXCLUSIVE

Tax breaks for rum, algae, Hollywood

'Fiscal cliff' legislation loaded with specials for Obama supporters

Published: 12 hours ago
by Taylor Rose

WASHINGTON – Hundreds of millions of dollars in “tax credits” were loaded into the Democrats’ final “fiscal cliff” bill, which passed the House yesterday.

“The deal as it came to the House was loaded with special tax credits for Washington’s favorite industries and pet projects, as well as language to extend our current, broken, dairy price controls,” Rep. Paul Broun, R-Ga., told WND.

Examples of the credits, according to a report from The Joint Committee on Taxation:

• $7 million “credit for qualified plug-in electric drive motor vehicles to include electric motorcycles”
• $59 million “for production of cellulosic biofuel with a maximum credit of $1.01 per gallon and inclusion of fuel from algae”
• $78 million for motorsports with a “7-year recovery period for certain motorsports racing track facilities”
• $119 million tax credit for “Indian employment”
• $154 million to “Credit for construction of energy-efficient new homes”
• $222 million for “Accelerated depreciation for business property on Indian reservations”
• $222 million to Puerto Rico and the U.S. Virgin Islands for a “Temporary increase in limit on cover of rum excise tax revenues”
• $248 million for “Special expensing rules for certain film and television productions”
• $650 million “for energy-efficient appliances.”
  

The full text of the bill and its amendments can be viewed here.

Broun said it “seems that the Democrats don’t mind tax breaks for the wealthy, so long as they’re targeted only to their friends.”

“My fear is that in a very short period of time we’ll be right back here having this same debate; who to raise taxes on and by how much, without a word about cutting spending,” he said.

His fear of returning to the debate “in a very short period of time” was confirmed by the Business Insider, which reported that on page 154 of the bill the date for the new fiscal cliff is March 1.


Read more at Tax breaks for rum, algae, Hollywood

The Federal Reserve is an illegal entity functioning within the Federal Government, and what we have given to this so-called agency is the authority to counterfeit money.

In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks. In 1933 Roosevelt confiscated citizens gold a...nd handed it to these private banks.

The Primary Owners of the Federal Reserve Bank Are:

1. Rothschild's of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York

All the primary owners are branches of European establishments. Foreigners, almost entirely Jewish, control the United States Money supply.

They literally own exclusive rights to the dollar and simply enter dollars into their banks books to make money which they then lend back to us at a profit.

For them money does not grow on trees, it is simply a data entry into their account. Clearly the private ownership of the U.S. Dollar is by far The Greatest Crime of the Century.

The owners of this bank have been responsible for instigating all the major wars and depressions in the last 100 years. They own the bank, they own the dollar and they own all the major media channels, the military industrial complex and most politicians, judges and cops.

Sometimes the bank pays an arbitrary 'franchise fee' to the U.S. government to keep the politicians paid off.

The Federal Reserve Bank is a consortium of private banks which are not part of the United States Government.

These private banks purchase paper notes from the U.S. mint for printing cost or simply enter digital money into their computer then lend back the money plus interest to the people through member banks. The profits go into the share holders of the bank's pocket's, the U.S. public receives no benefit.

The cost of this system to the U.S. public is hundreds of billions of dollars every year while holding the nation and people in a constant state of debt.

The privately held Federal Reserve Bank has not once been audited and never pays any income tax on their astonishing income.

The Federal Reserve Banking Act, passed in 1913 is categorically unconstitutional, it is unlawful.

The Federal Reserve Bank's money fraud has devalued the dollar to about four percent of its worth in 1930.

Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".

Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof,.... Congress has no authority to delegate this responsibility to third parties.

As a show of audacity and control, the Federal Reserve Bank prints their Notes with the faces of Presidents who adamantly opposed having a private National Bank, and Presidents the bank either tried to or did kill.

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Their goal is to achieve a socialist one world government - a "New World Order", as is printed in Latin on their $1 Note.

Read more: DeadBanksterSociety: Federal Reserve Bank (Inc.) A Murderous History? Banksters, the Worlds Worst Gangsters | Wake Up From Your Slumber

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