Showing posts with label Taxes 2023. Show all posts
Showing posts with label Taxes 2023. Show all posts

Saturday, December 23, 2023

While everyone watched Hunter Biden grandstand on Dec 14th, the woman at the center of the allegations that the Merrick Garland DOJ slow-walked and obstructed the investigation against the Bidens, Lesley Wolf, did exactly that to Congress

Look! Over there! A deer! And Congressman Eric Swalwell is with him!

Lesley Wolf, prosecutor accused of working to 'limit' questions about 'big guy' in Hunter probe, out at DOJ

 

Lesley Wolf left the DOJ weeks ago, a source said

 

Hunter Biden skips deposition and angers Republicans

Fox News correspondent David Spunt has the latest on the first son's refusal to testify on 'Special Report.'

 

The assistant U.S. attorney who was accused of limiting questions related to President Biden during the federal investigation into Hunter Biden is no longer employed by the Justice Department, Fox News has learned. 

Lesley Wolf, who served as an assistant U.S. attorney in the U.S. Attorney's Office in Delaware, is no longer with the DOJ, according to a source familiar with the situation. 

The source said Wolf had longstanding plans to leave the Department of Justice and did so weeks ago. 

Wolf, who IRS whistleblowers claimed slow-walked the Hunter Biden investigation, is sitting for a transcribed interview before the House Judiciary Committee on Thursday morning. 

Specifically, IRS whistleblower Gary Shapley alleged that Wolf worked to "limit" questioning related to President Biden and apparent references to Biden as "dad" or "the big guy."

This is a developing story. Please check back for updates.

Brooke Singman is a Fox News Digital politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.

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WASHINGTON — The former federal prosecutor who allegedly shielded President Biden and his son Hunter during a criminal investigation testified 79 times to Congress that she was “not authorized” by the Justice Department to answer questions about the case, according to a transcript reviewed by The Post.

Former Delaware Assistant US Attorney Lesley Wolf repeatedly cited a five-page authorization letter from Associate Deputy Attorney General Bradley Weinsheimer as she refused to answer questions during a House Judiciary Committee deposition last week.

Weinsheimer’s Dec. 12 letter, also reviewed by The Post, says: “[T]he Department generally does not authorize congressional testimony from line-level personnel, especially relating to an ongoing investigation with charges pending in court. The Department has declined to do so in connection with this matter.”

Wolf’s dozens of refusals to answer questions — just one day after the full House voted to authorize an impeachment inquiry into President Biden — frustrated attempts to firm up the storyline involving what whistleblowers say was a sweeping cover-up by Wolf and colleagues to protect the Biden family.

President Joe Biden, and his son Hunter Biden arrive at Fort McNair, Sunday, June 25, 2023, in Washington.

A former federal prosecutor who allegedly shielded President Biden and his son Hunter during a criminal investigation testified that she was “not authorized” to answer questions about her actions, according to a transcript. AP

The near-blanket rejection of questions follows pressure from House Republicans on the administration to allow witness testimony and could bolster GOP arguments that the White House is obstructing the inquiry, which itself could form an article of impeachment.

Two IRS agents who worked on the long-running tax fraud investigation into Hunter Biden, which focused on his foreign income from countries such as China and Ukraine, alleged in prior testimony to House committees that Wolf tipped off the first son’s lawyers to investigative steps and forbade inquiries into Joe Biden, even when communications mentioned him.

Wolf served on the squad of prosecutors that signed off on a probation-only plea deal in June for the first son on tax and gun charges, which fell apart the following month under scrutiny from a federal judge.

Lesley Wolf in an undated picture.

Lesley Wolf (above) repeatedly cited a five-page authorization letter from Bradley Weinsheimer as she refused to answer questions during a House Judiciary Committee deposition. Fedbar.org

IRS supervisor Gary Shapley, who oversaw the Hunter Biden investigation for three years, and case agent Joseph Ziegler, who worked on the inquiry for five years, made a series of specific claims against Wolf, which she did not refute in her testimony.

Tax investigators learned in December 2020 that Wolf “reached out to Hunter Biden’s defense counsel and told them” about investigators’ plans to search a northern Virginia storage unit that contained business records, “circumventing our chance to get to evidence from potentially being destroyed, manipulated or concealed,” Ziegler testified in July.

Shapley testified that investigators were months earlier barred from searching a guest house at Joe Biden’s Wilmington, Del., home, where Hunter often stayed.

Wolf's refusals to answer questions comes one day after the full House voted to authorize an impeachment inquiry into Joe Biden.

Wolf’s refusals to answer questions come one day after the full House voted to authorize an impeachment inquiry into President Biden. REUTERS

Shapley said that on Sept. 3, 2020, “Wolf told us there was more than enough probable cause for the physical search warrant there, but the question was whether the juice was worth the squeeze.”

Wolf also allegedly objected during a meeting on Dec. 3, 2020, to questioning a key Biden family associate, Rob Walker, about the president.

“Wolf interjected and said she did not want to ask about the big guy and stated she did not want to ask questions about ‘dad,’” he said. 

“When multiple people in the room spoke up and objected that we had to ask, she responded, there’s no specific criminality to that line of questioning. This upset the FBI, too,” Shapley testified.

Wolf served as a key point person for the investigation, serving under Delaware US Attorney David Weiss.

The whistleblowers accused Weiss’ office of giving Hunter Biden’s legal team advance knowledge of a planned interview attempt in late 2020, scuttling a planned approach, and said prosecutors didn’t pass along a paid FBI informant’s tip that Joe and Hunter Biden received $10 million in bribes from Ukrainian energy company Burisma, which paid Hunter a salary of up to $1 million to serve on its board beginning in 2014 when his vice president dad led US policy toward the country.

Wolf allegedly instructed FBI agents in August 2020 to remove references to Joe Biden from a search warrant affidavit, writing, “Someone needs to redraft [the affidavit] … There should be nothing about Political Figure 1 in here,” according to an email released by the Ways & Means Committee.

“That email, I think, is super important because it’s a one-off example in writing of the constant concern of following investigative leads that might lead to Joe Biden,” Ziegler said last week in a Fox News interview.

“The FBI agents who drafted that affidavit, they believed that they had sufficient evidence — probable cause — to support including Political Figure 1 in that affidavit,” said the self-identified Democrat.

IRS supervisor Gary Shapley (not pictured) oversaw the Hunter Biden investigation for three years.

IRS supervisor Gary Shapley (not pictured) oversaw the Hunter Biden investigation for three years. REUTERS

“That related to [Ukrainian energy company] Burisma, access to Joe Biden and access to the administration and there was ample evidence that was included in that affidavit that’s supported including Political Figure 1. That has a waterfall effect on the investigation because those emails that we’re searching for might not come through to the team.”

Shapley and Ziegler said they were not allowed to get cellphone geolocation data that could have proved Joe Biden was with his son in July 2017 when Hunter sent a threatening text message to a Chinese government-linked businessman saying, “I am sitting here with my father,” and warning of retribution. 

Within 10 days of that message, $5.1 million flowed to accounts linked to Hunter and first brother James Biden from CEFC China Energy — after a tranche of $1 million earlier that year, less than two months after Biden left office as vice president.

Internal Revenue Service whistleblowers Joseph Ziegler and Gary Shapley testify in the House Oversight and Accountability Committee hearing about alleged meddling in the Justice Department's investigation of Hunter Biden.

Internal Revenue Service whistleblowers Joseph Ziegler and Gary Shapley testify in the House Oversight and Accountability Committee hearing about alleged meddling in the Justice Department’s investigation of Hunter Biden. REUTERS

A May 2017 email penciled in Joe Biden, referred to as the “big guy,” for a 10% cut from CEFC dealings.

The IRS whistleblowers say that — in addition to preferential treatment for Joe and Hunter Biden — Attorney General Merrick Garland misled Congress under oath about Weiss’ ability to independently bring criminal charges against Hunter Biden.

Biden-appointed US attorneys in Los Angeles and Washington have confirmed in testimony that they declined to partner with Weiss, who in August was elevated by Garland to be a special counsel, allowing him to bring charges independently outside of Delaware.

The DOJ didn’t immediately respond to a request for comment about Wolf’s testimony.

 

Monday, December 18, 2023

Thanks to Biden's so-called Inflation Reduction Act, the Japs are buying U.S. Steel for $14.9 billion

 U.S. Steel also supplies to the renewable energy industry and stands to benefit from the Inflation Reduction Act (IRA), which provides tax credits and other incentives for such projects, something that attracted suitors.

 
There is nothing America will not sell out, as long as the price is right.
 




Saturday, September 30, 2023

Friday night news dump: IRS contractor Charles Littlejohn, 38, charged with leaking tax records in New York Times and ProPublica incidents in 2018 and 2020

 Littlejohn, 38, provided the public official’s tax documents to an unnamed news organization, and the tax information concerning other wealthy individuals to another unidentified news organization between 2018 and 2020, prosecutors said.

In 2020, The New York Times released a bombshell report saying that it had obtained more than two decades of Trump’s tax information and that he had paid only $750 in federal income taxes in 2016 and 2017.
 
More
 
The story has already been scrubbed from the lineup by the weekend kids crew at CNBC.

Friday, August 4, 2023

The US debt downgrades of 2011 and 2023 have one thing in common: Nancy Pelosi's record of the four most fiscally irresponsible years in the post-war

Nancy Pelosi owns the record for the four most fiscally irresponsible years in the post-war, spending 316% of tax receipts in 2020, 276% in 2021, 310% in 2009, and 296% in 2010.

Her four years as Speaker 2007-2010 averaged current expenditures as a percent of current tax receipts of 251%, highest for any Speaker ever.

S&P downgraded the debt in August 2011.

The Boehner/Ryan interregnum averaged 219%.

Pelosi's next four years as Speaker 2019-2022 averaged 252% in overspending.

Fitch has now downgraded the debt in August 2023.

Taken all together, Pelosi's Speakership produced the worst overspending in the post-war at 251% of revenues. The excess has to be borrowed, ballooning the debt.

The ratings agencies sound the alarm bells no one else will ring, but they are mocked by all the experts, whose livelihoods depend on the scam continuing. 

 All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.     

-- US Constitution, Article One, Section Seven





 


Sunday, June 11, 2023

Lolbertarian says the worst possible thing which could happen to the economy (i.e. "to me") is higher future taxes


More self-absorbed than your average tranny.

Scott Sumner, here:

The consequence of the reckless fiscal policy will not be a financial crisis. Nor will it be a default. Even the permanent monetization of the debt is unlikely, in my view. The most likely consequence will be higher future taxes and slower economic growth. This will lead to reduced living standards. It might also push politics in a more “populist” direction, with consequences that are difficult to predict (but unlikely to be desirable.)



Monday, May 29, 2023

The lie of the day comes from Reuters via CNBC

... the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy.
 
 
1Q2023 GDP, 2nd estimate: Nominal: $26.4863 trillion.
 
118% is not "roughly equal".
 
And look what has happened to interest payments on the debt, which come out of current revenues. They have gone vertical. At $929 billion annualized, they represent 31.4% of current tax receipts annualized.
 
Everyone minimizing the gravity of this situation is whistling past the graveyard when government social benefits to persons already exceed the tax receipts.
 
This will continue until it can't, and great will be the fall of it.


 

 

Friday, April 28, 2023

Latest inflation reads show entrenchment, Fed will have to go higher and stay higher for longer but Congress must cut spending and raise revenues

 The Fed can do only so much, but a Fed Funds Rate of 4.83 is hardly adequate for current conditions.

The fiscal side in this, however, has been completely ignored.

Outlays for 2020-2022 alone have topped $19 trillion vs. receipts south of $12 trillion.




Friday, January 27, 2023

Noted "bond king" Jeff Gundlach is unaware of the existence of the 27th Amendment, and wants to decrease bond supply to increase its value!


What a shock, huh? No deficit spending means no borrowing, and no new bonds, making the existing dwindling supply worth more and more!

Seriously, if we continued to pay interest on the debt out of current tax revenues as we do, and then amortized the debt principal of ~$32 trillion, you'd have to extract ~$3,212.85 in additional taxes every year for thirty years for every man, woman, and child alive now to have a hope of paying it off ($1.066 trillion per year).

Current federal receipts average in excess of $4 trillion already, so that's an increase of annual revenues to the federal government through taxation in excess of 25%.

About as likely as spending curbs.