“Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes. This is the way a great country is raided by its elite.” Karen McQuillan
But the Breitbart Business Digest believes Pelosi’s career ought to be defined in a different way: She is the most infamous—and one of the most successful—stock traders of all time. Her personal wealth has soared to nine figures and beyond since the financial collapse of 2008. This is largely attributed to stock trades made by her husband, Paul; and those trades were often concentrated in businesses and industries propped up by Nancy’s political policies. As famously documented by Breitbart Senior Contributor Peter Schweizer, Nancy Pelosi’s stances shifted consistently as her family made money. Currently—and thanks in part to the Speaker herself—most, if not all, of this appears to be legal.
the confessions of an inside trader: nancy pelosi
What did she just say?
https://www.youtube.com/watch?v=TFhXpFyUKQg
Watters: The Five (CRIME) Families of the Democrat Party
https://www.youtube.com/watch?v=BBpvvHethg0
The insulting farce of the Hunter Biden plea deal
Over at The Epoch Times, Roger Simon states the commonsense truth that the "Hunter Biden 'Plea Deal' Is an Insult to Our Intelligence." He quotes presidential candidate Vivek Ramaswamy:
It's no accident that the farcical Hunter Biden "plea deal" comes right after the Trump indictment: it's the perfect fig leaf to pretend that "no one is above the law," while absolutely putting certain people above the law. It's an Orwellian gesture that gives the news media exactly the level of cover that they needed.
The quote is very good, but I would offer this small improvement: "... while making it absolutely clear that certain people are above the law." The fig leaf is obviously and outrageously farcical on purpose. It is, as Ramaswamy says, "perfect" if and only if it is meant to send us — those of us Americans who pay any attention to the news — a message: "We don't care what you think. We no longer answer to you."
That is their message about the 2020 election, too. The farcical claim that the 2020 election was on the up-and-up is transparently and purposefully a lie. Their message: "We stole it, and we don't care if you know it."
Evidently, a majority of Americans don't believe the lie about the election. However, some Americans are not willing to admit the obvious. No doubt many of them know better. They support the narrative that is approved by the propagandists in the "news" media. They are pitching in, doing their part. Then there are those who are going along to get along. They are engaged in some degree of self-deception. Since the obvious truth is so unspeakably horrible, they prefer to play along instead of confronting the too-horrible truth.
Given what was done in 2020, what can you and I expect in 2024? More, much more, certainly. Simon makes it clear that 2024 is make-or-break for the ruling class:
What is most feared by these people is a possible new Trump administration... That administration would yield an unprecedented loss of power…among a ruling class (aka deep state) with concomitant immense loss of money and status.
Simon is right, but my friend and colleague Brian Kennedy, writing at American Greatness, takes a deeper dive into what is at stake for the ruling class:
There is every reason to expect the 2024 election will be run just like the 2020 election. Indeed, it is likely to be conducted in an even more ruthless way simply because left-wing elected officials at both the federal and state levels, having crossed so many lines in pursuit of power, cannot risk a restoration of the rule of law.
We have seen what they have been willing to do already. Imagine how far they will go when faced with the threat of the rule of law being restored.
Therefore, at a minimum, in 2024, the vote for a Republican administration that promises to drain the swamp must be simply overwhelming. Americans of all stripes must wake up, speak up, and vote as if our freedom depends on it — because it does. Perhaps even some of those who went along with the lie about 2020 will speak, vote, and act differently when they come to understand that 2024 will be an up-or-down vote on the rule of law in America.
Robert Curry is the author of Reclaiming Common Sense: Finding Truth in a Post-Truth World and Common Sense Nation: Unlocking the Forgotten Power of the American Idea. Both are published by Encounter Books.
Image via Raw Pixel.
The statute of limitations when intentional tax fraud has occurred
The public has been told that there is a six-year statute of limitations on Hunter Biden's tax returns, but there is actually no limitation when intentional tax fraud occurs, and that is clearly the case with Hunter Biden.
When it is determined that there is a substantial understatement in tax returns, the IRS will usually have six years to challenge the filing. However, this can be overturned when it is demonstrated that:
- There was a filing of a false tax return
- The taxpayer willfully attempted to evade paying taxes, or
- The taxpayer filed a false or fraudulent return
If any of the three apply, the Internal Revenue Service can audit and charge interest and penalties without any limitations period.
Update: Yesterday, speaking with Bret Baier on Fox News's Special Report, IRS whistleblower Gary Shapley lamented the expiration of the statute of limitations on some of Hunter Biden's problematic tax returns. But he should know that IRS regulations are clear:
A tax fraud offense may result in both civil and criminal penalties. The normal 3-year statute of limitations does not apply if civil fraud can be sustained
It is clear that Hunter Biden had the intent to hide his income from the IRS for years and that he had several helpers in committing the fraud. Who signed and filed the false returns for him? Was it an attorney or a CPA? Why haven't they been charged? Why don't we know their names?
Why doesn't the media care? They targeted Trump for years with little to no evidence, yet they have massive evidence on the Biden family corruption, including Joe, yet seem to have little curiosity. Could it be the "D" behind their name and the radical, leftist policies they push that causes the disinterest? The question clearly answers itself.
The methods Hunter used to evade and underpay taxes were many:
IRS supervisory special agent Gary Shapley said Hunter’s 2014 and 2015 returns involved a “scheme to evade his income taxes through a partnership with a convicted felon.” At issue was the $83,000 a month Hunter received to sit on the board of Burisma, the Ukrainian energy company. The second (anonymous) whistleblower explained that in 2014 Hunter arranged a series of “sham” transactions so he “didn’t report any of the money he earned from Burisma”—about $400,000 in 2014.
The whistleblowers say Hunter directed Burisma to pay his money to Rosemont Seneca Bohai, or RSB, an entity owned by his business partner Devon Archer, who was convicted of fraud in 2018. They say RSB would send the money to Hunter, who then “booked it as a loan.” One obvious tax problem, explains the second whistleblower, is that “you can’t loan yourself your own money.”
Mr. Shapley says this loan ruse is a “textbook” evasion scheme
The second whistleblower says 2014 records show RSB paid more than $10,000 in Hunter medical bills, and purchased a $142,000 Porsche for Hunter’s benefit via other money from a Kazakhstan businessman. The whistleblower says Hunter didn’t report this as income.
We have also seen evidence from Hunter's laptop that Hunter and Joe had a joint checking account and Hunter paid bills for Joe. If that is true and the income came from Hunter, those payments should be on a gift tax return if they totaled over $14,000 per year, which we can assume they did. So why didn't Joe make sure that those gifts were reported?
We hear a lot from Elizabeth Warren, Bernie Sanders and other Democrats that about people not paying their fair share and that wealthy people should pay huge estate taxes, so why have they been silent about the Biden's? It appears they don't really care about special people not paying taxes so they should just shut up.
Joe and Jill also structured their taxes to save huge amounts of Social Security and Medicare taxes. Their S corporations earned $10 million in 2017 yet paid only $245,833 in wages to themselves, which allowed them to avoid paying 2.9% Medicare taxes on $9,750,000 or around $300,000.
People like the Bidens, Bill Gates, and Warren Buffet always lecture others that they should pay more in taxes while they work very hard to reduce their personal and corporate taxes. Either they should stop structuring their taxes to reduce them or they should stop misleading the public that they want to pay more.
Why does the media allow Biden to continually lie about what the rich pay in taxes? He gives a speech that says the rich pay 8% when in 2020, the richest 1% paid 26% and the bottom 50% of taxpayers paid an average of 3%.
The answer to the question is that most of the media are propagandists pushing an agenda, just like Biden and facts haven't mattered for a long time.
Why do Biden and others continually get away with lying that Trump's tax rate cuts cost the government trillions when revenues have actually substantially increased? The answer again is the only thing that matters to most of the media and other Democrats is a more powerful government with less freedom and money for the people.
Nancy Pelosi hasn't said a word about the Bidens’ ethics and corruption but she is colluding with many in the media to lecture the Supreme Court about their ethics. What a joke! Nancy and her husband have achieved great wealth due to manty timely investments.
- When Nancy Pelosi lectures people about ethics it is like:
- Hillary and Bill telling people how to treat women with their history of mentally and physically harming women and seeking to destroy them.
- Biden and Hillary telling Trump about the proper handling of classified documents.
- Gore, Kerry, Obama and Gates lecturing people about controlling their carbon footprint while living in many mansions and flying in private jets.
- Obama, the WaPo, NYT, and others lecturing people about the importance of facts with their history of lying including about Russian collusion and the laptop.
Joe Biden and his son are clearly corrupt. Sadly, most of the media doesn't care and that is causing great damage to the American people. It is no surprise that so many politicians use corrupt means to achieve great wealth, with the help of a mostly compliant media especially when the corrupt politicians are leftists.
Garland: Questioning the Integrity of the Justice Dept. is an Attack on — You Guessed It
What the Left really means by "democracy."
[Editor’s note: Make sure to read Robert Spencer’s masterpiece contributions in Jamie Glazov’s new book: Barack Obama’s True Legacy: How He Transformed America.]
With the sweetheart deal that Hunter Biden just got from federal prosecutors, Attorney General Merrick Garland has once again confirmed that he has taken the Justice Department, which was once the envy of the world for its indefatigable commitment to equal justice for all, and turned it into a squad of legal hit men for foes of the Biden regime and a legal laundromat for the regime’s members and cronies, most notably for the alleged president’s crackhead influence-peddling son. Garland himself, however, bristles if you believe your lying eyes on this matter. On Friday he complained that charges that his Justice Department was doling out frame jobs for dissidents and skates for friends of the regime was a threat to — that’s right! — our “democracy.”
As has been pointed out many times, when Leftists profess to be worried about the health of “our democracy” (I know, I know, it’s a republic), they’re really referring to threats to their own hegemony over the nation’s political and cultural spheres. Garland confirmed this Friday when a reporter noted that some Republicans are talking about the corruption of the Justice Department, and asked him: “Do the American people have cause to be concerned about the integrity of the components of this Justice Department, and what do you have to say about how they’re reacting?”
In his answer, Garland went as heavy on the self-righteous unctuousness as a kid drenching his fries in ketchup: “I certainly understand,” he huffed, “that some have chosen to attack the integrity of the Justice Department as components and its employees by claiming that we do not treat like cases alike. Uh, this constitutes an attack on an institution that is essential to American democracy and essential to the safety of the American people. Nothing could be further from the truth.” There it is: attack Merrick Garland and his revoltingly corrupt henchmen, and deplore the dumpster fire they have made out of a department that is supposed to administer impartial justice, and you’re attacking “American democracy.”
Note Garland’s appalling sleight of hand: he equates an attack on his Justice Department, which is a gang of Leftist liars who tried to frame an elected president of the United States for crimes he didn’t commit and classified angry parent at school board meetings as terrorists, with an attack on the very idea of a Justice Department. For he is of course right, as far as it goes: the Justice Department is indeed essential to American democracy, or rather, to the American republic. That’s why we’re in the fix we’re in: because the Justice Department is now a public relations office for those whom the regime favors and a no-holds-barred instrument of vengeance against those whom the regime hates. Those who are attacking it are not against the institution at all but against the mess that Garland has made of it.
Garland, however, insists that he and his far-Left minions have behaved with perfect probity. He added: “You’ve all heard me say many times that we make our cases based on the facts and the law. These are not just words. These are what we live by. They’re the foundation of the way we make these decisions.” Gee, that’s reassuring, but here’s a shocker: Garland was not exactly being honest.
Just the News reported Thursday that “Internal Revenue Service whistleblowers are directly challenging Attorney General Merrick Garland’s claim that David Weiss, the U.S. attorney in Delaware, was allowed to run his Hunter Biden tax probe free of political interference.” Sen. Chuck Grassley (R-Iowa) recently asked Garland “to describe what would happen if Weiss wanted to pursue charges against President Biden’s son outside of his Delaware jurisdiction, considering Garland hadn’t made him a Justice Department special counsel.”
Garland responded, “I promise to ensure that he’s able to carry out his investigation and that he’d be able to run it. And if he needs to bring it in another jurisdiction, he will have full authority to do that.” However, an IRS said that at an Oct. 2022 meeting between Weiss, IRS investigators, and FBI agents, Weiss was told he could not bring his case against Hunter Biden to Washington. “And then he went back and asked for special counsel authority, and they told him no.” Impartial justice!
House Republicans could do a great deal to expose and end the Justice Department’s deep corruption if they impeached Merrick Garland. Aside from Old Joe himself, no Biden regime official would be more deserving.
Robert Spencer
Robert Spencer is the director of Jihad Watch and a Shillman Fellow at the David Horowitz Freedom Center. He is author of 26 books including many bestsellers, such as The Politically Incorrect Guide to Islam (and the Crusades), The Truth About Muhammad and The History of Jihad. His latest books are The Critical Qur’an and The Sumter Gambit. Follow him on Twitter here. Like him on Facebook here.
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Exclusive: Support Mounts Among House Judiciary Republicans for Merrick Garland’s Impeachment
Support among House Judiciary Committee Republicans for an impeachment inquiry into Attorney General Merrick Garland grew stronger after House Speaker Kevin McCarthy threatened impeachment proceedings if IRS whistleblower allegations turn out to be true regarding the politicization of the Justice Department’s Hunter Biden tax probe.
IRS whistleblowers told Congress last week the DOJ twice prevented United States Attorney David Weiss from bringing stronger charges in two separate locations against Hunter Biden. In addition, the whistleblowers alleged Garland rejected a request to appoint a special counsel in the probe to place a degree of separation between the DOJ and President Joe Biden.
U.S. Vice President Joe Biden congratulates Judge Merrick Garland after he was nominated by U.S. President Barack Obama to the Supreme Court in the Rose Garden at the White House, March 16, 2016, in Washington, DC. (Photo by Chip Somodevilla/Getty Images)
IRS whistleblower Gary Shapley claims his allegations can be corroborated by several individuals with firsthand knowledge of Shapley’s account of his communication with Weiss. “It’s up to him and the Justice Department to reconcile the evidence,” Shapley said through his attorney.
Garland denies the DOJ politically interfered in the investigation of the president’s son. Garland says Weiss had full authority to charge Hunter Biden, even though Garland admitted to Congress in March he was the authority to authorize any potential charges against Hunter Biden — including in a separate “jurisdiction.”
Watch: Merrick Garland Says Claims of DOJ Political Bias Are an Attack on American Democracy
C-SPANThe conflicting stories caused McCarthy on Sunday to threaten impeachment proceedings against Garland if the whistleblower allegations are found to be true.
Several Republican House Judiciary Committee members told Breitbart News that they support McCarthy considering an impeachment inquiry. Impeachment proceedings must originate from the House Judiciary Committee before reaching a full House vote.
“It’s not an empty threat,” senior committee member Rep. Darrell Issa (R-CA) exclusively told Breitbart News. “Congress can’t just look away from the culture of corruption that’s there for all to see, and the possibility of impeachment has to be on the table.”
“From the start, AG Garland has allowed partisan politics to hold sway in the Justice Department — including the unprecedented targeting of parents,” he added.
House Judiciary Committee Chair Jim Jordan (R-OH), sitting next to Rep. Darrell Issa (R-CA), gavels in a House Judiciary Committee Field Hearing, Monday, April 17, 2023, in New York. (AP Photo/John Minchillo)
“Whistleblower allegations related to the Hunter and Joe Biden investigation make it abundantly clear a two-tiered system of justice exists today,” Rep. Harriet Hageman (R-WY) told Breitbart News. “I fully support Speaker McCarthy on this issue and welcome the opportunity to question Mr. Garland in Judiciary Committee hearings.”
“The Department of Justice, and the entirety of the federal government, must be a fair and impartial agency that enforces federal law, but under current leadership, it is a political weapon used to punish opponents of the president,” she said.
Rep. Andy Biggs’ (R-AZ) and Rep. Troy Nehls’ (R-TX) senior staff also issued statements in support of impeachment proceedings to Breitbart News.
“Congressman Nehls absolutely supports McCarthy’s position that Garland should be impeached,” said Nehls’ Communications Director Taylor Hulsey.
“Congressman Biggs is on board,” Communications Director Matthew Tragesser told Breitbart News.
In a clip shared with Breitbart News from Rep. Chip Roy’s (R-TX) Communications Director Nate Madden, the Texas congressman also supported the potential impeachment proceeding if the allegations prove true.
Rep. Chip Roy (R-TX) and House Freedom Caucus Chairman Rep. Scott Perry (R-PA) speak during a news conference on the debt limit negotiations at the U.S. Capitol Building on March 10, 2023, in Washington, DC. (Photo by Anna Moneymaker/Getty Images)
“That certainly raises questions of impeachability. There is no question about that,” Roy told WMAL. “That’s what inquiries are for … We’ve got an obligation on the Judiciary Committee to pursue it wherever it goes.”
McCarthy appeared Monday on Fox and Friends and doubled down on his vow of imminent impeachment proceedings against Garland if the whistleblower allegations are true.
“Yesterday, I laid out very clearly by July 6, because of the allegations of the IRS, because of the whistleblowers and Garland — what he is saying and what Weiss is saying are two different things,” McCarthy said. “And if it is true what the IRS whistleblowers are saying, we will start impeachment inquiries on the attorney general.”
Follow Wendell Husebø on Twitter @WendellHusebø. He is the author of Politics of Slave Morality.
Whistleblower No. 2: Hunter Biden Willfully Evaded Millions in Taxes Through Elaborate Tax Scheme
Hunter Biden agreed to plead guilty last week to two misdemeanor counts of failing to pay taxes on time, but according to the second whistleblower whose testimony was also released last week by the House Ways and Means Committee, he also willfully evaded paying millions in taxes in an elaborate tax scheme.
According to the second whistleblower — the lead IRS case agent for the Hunter Biden investigation whose name is redacted — Hunter Biden set up a scheme involving a Ukrainian natural gas company he sat on the board of and a Chinese business associate to willfully evade paying taxes.
Hunter Biden during the White House Easter Egg Roll on the South Lawn on April 18, 2022. (Demetrius Freeman/The Washington Post via Getty Images)
The whistleblower said Hunter Biden had already owed hundreds of thousands of dollars in taxes long before his father became vice president. In 2014, when the Joe Biden was in his second term as vice president in charge of Ukraine policy and when Ukrainian natural gas company, Burisma, put Hunter on its board of directors, Burisma paid Biden $666,667 to do little or no work.
According to the whistleblower, Hunter Biden received the money from Burisma, and instead of reporting it as income and paying taxes on it, he put that money into a Chinese firm run by one of Hunter Biden’s associates, who then “loaned” the money to Hunter Biden.
RELATED VIDEO — White House Press Corps WRECKS Karine Jean-Pierre for Refusal to Address Hunter Biden Bombshell:
The White House / YouTubeThe whistleblower testified:
So [Hunter Biden] sets this out in this email and what ends up happening is — so imagine this. If you are an owner of a company and your friend tells you that, I want to pay my wages to your company and you’re going to loan the money back to me, that’s essentially what happened here. He took loans from that corporation — which were distributions. And he didn’t pay taxes on those loans.
…
So essentially for 2014, we had found that Hunter didn’t report any of the money he earned from Burisma. So the reason why this is important is because Hunter set it up this way, to not — to essentially earn the money through his friend’s corporation and then have his friend pay him back half of the money as loans, quote, unquote, loans. …
The whistleblower continued, “None of it was taxed. … So none of this has been paid or prosecuted. And I would also like to note that the statute has run out on these tax years or on the 2014 tax year.”
The whistleblower said the Justice Department believed Biden’s defense that the money was a loan.
“You can’t loan yourself your own money. It just doesn’t make any sense,” the whistleblower said.
When asked if the transactions seemed to be a “sham,” the whistleblower answered, “So, yes, I would agree that the transactions would — you would want to sham the transactions, yes.”
As the Washington Examiner’s Byron York noted, Biden’s income in 2014 was not part of the misdemeanor charges against him, and the statute of limitations was allowed to expire.
The whistleblower also noted that Hunter Biden’s friend, a wealthy Hollywood celebrity lawyer named Kevin Morris, had paid off the $2.2 million that Hunter Biden owed the IRS for years 2014 through 2019.
The whistleblower said on Hunter Biden’s 2020 tax returns he included a note that he had received financial support from Morris of $1.4 million, which both agreed to treat as a loan with 5% interest to be paid between 2025 and 2027.
“The taxpayer is treating this amount as a loan for tax purposes. The balance of the financial support is treated as a gift. No amount of the support is treated as a reported taxable event on this return,” the note said.
RELATED VIDEO — Biden: Hunter Has “Done Nothing Wrong” and His Situation Impacts My Presidency “By Making Me Feel Proud of Him”:
Morris would give Hunter Biden approximately $800,000 more, totaling $2.2 million to pay off the taxes he owed.
When asked if that transaction had been investigated, the whistleblower said he did not know since he and the other whistleblower, Gary Shapely, were removed from the investigation by then.
York wrote:
And now the matter has been resolved with two misdemeanor charges. The conclusion is deeply frustrating to IRS agents like [whistleblower #2]. Hunter Biden failed to file returns, failed to pay his taxes for several years, and falsely claimed deductions. … The agents’ conclusion is that just because Hunter Biden’s new friend bailed him out — no repayments required until 2025 — does not mean Hunter Biden did not violate the tax laws repeatedly in the 2010s.
“At the end of WB2’s deposition, a Republican lawyer asked this question: ‘If someone meets all the elements for a crime of willful evasion and are found to, in conjunction with that, owe a liability, and they pay off that liability years later when they’ve been caught, has a crime been committed?’ WB2 answered simply: ‘Yes.'” York concluded.
Follow Breitbart News’s Kristina Wong on Twitter, Truth Social, or on Facebook.
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