Month: January 2013

WHAT’S NEXT; KING OBAMA?

king obama 1Earlier this month, Rep. Jose Serrano, D-N.Y. introduced H. J. Res. 15, a bill that would repeal the Constitution’s 22nd Amendment prohibiting a president from being elected to more than two terms in office, thus potentially paving the way to make Barack Obama president for life. Not surprisingly, the main-stream liberal media — still apparantly kissing Obama’s ass — has not covered this story. The Bill reads as follows:

Introduced in the House of Representatives on 01/04/2013.
[Congressional Bills 113th Congress]
[From the U.S. Government Printing Office]
[H.J. Res. 15 Introduced in House (IH)]

113th CONGRESS
1st Session,  H. J. RES. 15

Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.  IN THE HOUSE OF REPRESENTATIVES  January 4, 2013. Mr. Serrano introduced the following joint resolution; which was referred to the Committee on the Judiciary.

JOINT RESOLUTION

Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an  amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when  ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:`

`Article–“The twenty-second article of amendment to the Constitution of the United States is hereby repealed.”.  Constitutional Authority Statement By Mr. SERRANO: H.J. Res. 15. Congress has the power to enact this legislation pursuant to the following: This proposed constitutional amendment is introduced pursuant to Article V of the Constitution, and seeks to repeal the 22nd Amendment to the Constitution.

[Congressional Record Volume 159, Number 2 (Friday, January 4, 2013)]  [House] [Page H56]

About Constitutional Authority Statements: On January 5, 2011, the House of Representatives adopted an amendment to House Rule XII. Rule XII, clause 7(c) requires that, to be accepted for introduction by the House Clerk, all bills (H.R.) and joint resolutions (H.J.Res.) must provide a document stating “as specifically as practicable the power or powers granted to Congress in the Constitution to enact the bill or joint resolution.”

The United States is no longer the country it once was. Prior to Franklin Roosevelt, presidents honored the precedent established by George Washington, who – though widely popular – refused to run for a third term of office. Thomas Jefferson followed Washington’s example and foresaw the eventual passage of the 22nd Amendment. “General Washington set the example of voluntary retirement after eight years,” Jefferson wrote in an 1805 letter to John Taylor. “I shall follow it, and a few more precedents will oppose the obstacle of habit to anyone after a while who shall endeavor to extend his term. Perhaps it may beget a disposition to establish it by an amendment of the Constitution.”
Jefferson’s immediate successors, James Madison and James Monroe, also adhered to the two-term principle. This gentlemanly trend continued through Franklin D. Roosevelt’s second term, where; his supporters cited the bankster engineered war in Europe as a reason for breaking with precedent. In the 1944 election, during World War II, Roosevelt won a fourth term, but died in office the following year. The 22nd Amendment was ratified by the requisite number of states on February 26, 1951.
Following the potential repeal of the 22nd Amendment, I predict that Obama’s handlers will exploit the “bankster engineered” economic crisis to push for a third term. In order to achieve repeal of the 22nd Amendment, Serrano’s proposal must be approved by a two-thirds vote of both houses of Congress and ratified by three-quarters of the states’ legislatures. With a record of over $16 Trillion dollar debt, high unemployment, food prices and government programs (unemployment benefits, Social Security, disability insurance, Medicare, Medicaid, veterans’ benefits, education assistance and other cash transfers of government funds to individuals). Henry Kissinger noted once that, “under such conditions the American people will beg for a dictator to lead them out of the wilderness.).
Of course, King Obama will not lead the American people out of the wilderness. He will usher us into a New World Order with its high-tech control grid and a horrific race to the bottom. Welcome to the Socialist States of America! dfh

National Association of Realtors Issue Brief JAN 2013

On January 1 both the Senate and HoHaddenfield Home 1use passed H.R. 8, legislation to avert the “fiscal cliff.” The bill will be signed shortly by President Barack Obama.
Below are a summary of real estate related provisions in the bill.
Real Estate Tax Extenders
 Mortgage Cancellation Relief is extended for one year to January 1, 2014.
 Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.
 Leasehold Improvements: 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
 Energy Efficiency Tax Credit: The 10% tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
Permanent Repeal of Pease Limitations for 99% of Taxpayers
Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by 3%. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80% of the filer’s itemized deductions.
These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.
Capital Gains
Capital Gains rate stays at 15% for those at the top rate of $400,000 individual and $450,000 joint return. After that, any gains above those amounts will be taxed at 20%. The $250/$500k exclusion for the sale of a principal residence remains in place.
Estate Tax The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that, the rate will be 40%, up from 35%. The exemption amounts are indexed for inflation.

Hypocrites & Traitors

Al Gore UnAmericanAl Gore & his partners in crime just sold his failing Current TV network to Al-Jazeera for $500 million dollars. Of that, he will personally receive $100 million dollars. I find it hypocritical of Mr. Gore to refuse all offers from American, Glenn Beck of BLAZE TV (because it would be too hard to explain to his many fans) in favor of selling to a Middle Eastern Monarchy build on oil wealth. This man, who was almost President of the United States in 2000, is now selling out to the Emir of Qatar. In my opinion, he has sold out his fellow Americans as well. Fuck Him!!!!

BEWARE OF LIBERALISM

404609_10151482605170830_1041150848_n“The goal of the ‘liberals’ — as it emerges from the record of the past decades — was to smuggle this country into welfare statism by means of single, concrete, specific measures, enlarging the power of the government a step at a time, never permitting these steps to be summed up into principles, never permitting their direction to be identified or the basic issue to be named. Thus, statism was to come, not by vote or by violence, but by slow rot — by a long process of evasion and epistemological corruption, leading to a fait accompli.” 

~author and philosopher Ayn Rand (1905-1982)

WELCOME TO 2013

lb1230cd20121228103215As 2012 comes to a close in a few short hours, it’s time for American taxpayers to ring in the New Year hoping that they planned their finances correctly in anticipation of a number of significant changes to the federal tax code in 2013 Get your bungee-cords ready folks ~ looks like we’re going over that fiscal cliff!

American Taxpayers are facing new taxes in 2013 as the result of the 2010 Patient Protection and Affordable Care Act (“Obamacare”); and, several key tax breaks, including the Bush-era tax cuts, will disappear at midnight tonight, unless President Obama and Congress take quick action. (They better be really quick!) Here’s an overview of some of the major tax changes ahead for 2013 (tomorrow morning) January 1, 2013:

Income Taxes: The fate of the Bush-era reductions to the individual income tax rates will likely go bye-bye because President Obama and Congress disagree on how to treat American taxpayers in the highest income brackets. If nothing is done, the current 10, 15, 25, 28, 33 and 35 percent rate structure will be replaced by the higher pre-Bush 15, 28, 31, 36 and 39.6 percent rates.

Medicare Contribution Tax: Beginning Jan. 1, 2013, a new 3.8 percent “unearned income Medicare contribution” will be imposed on the net investment income of higher-income individuals, estates, and trusts. This new surtax will generally apply to passive income and to capital gains from the disposition of property. This includes ANY property or land which may have been in a family for several generations, like FARMS!

Additional Medicare Tax: Beginning Jan. 1, higher income individuals will be subject to an additional 0.9 percent Medicare tax. This is in addition to the 3.8 Medicare surtax.

Higher Payroll Taxes: Unless extended again by Congress and signed by the president, the 2 percent reduction in the Social Security tax paid by employees and self-employed individuals will end. Taxes had been reduced from 6.2 percent to 4.2 percent the past two years. Get ready, folks ~ your take home pay from your next paycheck is going down!

Passive income: Passive income, such as rents and royalties, also will be subject to the 3.8 percent net investment tax next year. Passive activity planning is a complicated area of tax law, so definitely consult with your tax professional.

Estate planning: The maximum federal estate tax rate for 2013 is scheduled to rise from the current 35 percent to 55 percent. Again, unless Congress acts, the current estate and gift tax exemption of $5.12 million is set to revert back to $1 million. In my opinion, the federal government is really committing grand larceny here by taxing money that has already been taxed & paid for by the individual who originally earned it. Isn’t that called “double jeopardy”?

By the way, did you know that Congress will be getting a Pay Raise in 2013? All this for doing NOTHING! It’s amazing to realize that most of our Congress, Senate & President, etc., do not enter office as millionaires, but usually do leave office (even if only after one term) with a pension, full benefits, book deals & a million bucks or more in the bank! As an American & a Navy Veteran the current state of our nation and Federal government makes me sick and very sad that so many Americans would rather have “free stuff” from the government instead of knowing the pride of self-reliance, of earning it yourself and the freedom of individual choice; based upon their own values, morals, beliefs & faiths~ as I do as an American.

Happy New Year!