[Minneapolis–Sept. 27, 2020] Project Veritas investigators revealed a ballot harvesting scheme here involving clan and political allies and associates of Rep. Ilhan Omar (D.-Minn.) in the first of a series of reports.

[…] Central to the Project Veritas investigation was Omar Jamal, a political insider active in the city’s Somali community. Jamal works with the Ramsey County Sheriff Department and is the chairman of the Somali Watchdog Group. “I have been involved in the community for the last 20 years.” (read more)

Once again the New York Times attempts to make an issue out of President Trump’s real estate holdings working as a tax shelter and reducing income taxes.

In the article the Times completely obfuscates the way income taxes are strategically offset by depreciation, mortgage interest and the entire reason why real estate ownership is viewed as a business.

John Carney writing for Breitbart gets it:

[…] So imagine our guy took out an $8 million mortgage at five percent, paying $2 million cash. Now he’s got to pay $400,000 in mortgage payments. He wants to make at least that much so he charges tenants an aggregate of $425,000, which after upkeep comes out to $410,000 of net income. (Remember, if the bank didn’t think he could make more in rent than the mortgage payment, it probably wouldn’t have lent him the money.) The interest payment on the loan–let’s call it $390,000–is deductible from his income, leaving him with $20,000 in net income. He gets to keep that and pay no taxes on it, however, because he still gets to apply the $370,000 depreciation charge. He tells the IRS he lost $350,000.

Under our tax code, ordinary business expenses can be deducted in the year they are incurred. But when a business pays for a long-lasting item expected to produce income–like machinery, vehicles, or an apartment building–it is considered a capital investment. Instead of getting to write-off the cost all at once, the business is required to write it off over the course of decades. After the 1986 tax code, this was set at 27.5 years for residential real estate. (more)

Anyone who has ever operated a business knows that offsetting income is one of the primary reasons to be self-employed.  Additionally, the Times completely skips over the tens-of-millions in payroll taxes paid by the Trump organization and tens-of-millions in property and sales taxes paid by all of the various Trump properties.

In the commercial real estate market it is common sense to offset income tax liabilities with a host of valid annual expenses, long-term capital depreciation and mortgage interest payments. With over 500 individual business entities within the Trump organization the ability to offset income in one asset with expenses in another is simply good accounting.

Additionally, President Trump donates his $400,000 government salary back to the U.S. government.  So to accuse President Trump of only paying $750 in income taxes totally ignores all of the other donations and tax payments he makes.

In practical terms no President before Trump has ever had his actual business portfolio so deeply connected to the success of the American economy.   It doesn’t cost the American taxpayer a dime to have President Trump in office…. Now let’s figure out how DC politicians making $200k/yr are able to become multi-millionaires while holding office.

Anyone?

Chairman of the Homeland Security Committee, Senator Ron Johnson, is fired up in this interview with Maria Bartiromo.  Senator Johnson starts by outlining the documents and evidence of Hunter Biden corrupt activity the media refuse to cover…… and then Johnson goes full wolverine on FBI Director Christopher Wray for concealing evidence.

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A few notes. While Johnson’s frustration is righteous, his committee staff did not appear to have a grasp on the majority of evidence that existed prior to mid-2020. That said, we all know FBI Director Wray is part of the ‘resistance’; that’s the reason why AG Barr had to fire FBI legal counsel Dana Boente when Chris Wray refused to do so.

Secondly, something to contemplate -specifically for those who understand how DC information is selectively controlled- there is no better person to deliver the ‘spygate’ gut punch than Maria Bartiromo. Question those “sources” and we might just locate some sketchy narrative engineers presenting themselves as ‘friends’ of the truth.

Senate Judiciary Chairman Lindsey Graham appears on Sunday Morning Futures to discuss the latest DC events surrounding senate investigations and the confirmation process for Supreme Court nominee Judge Amy Coney Barrett.  Senate Judiciary hearings begin October 12th, committee nomination likely October 22nd to Mitch McConnell.

As an outcome of his own can-kicking and ‘over-promise/under-deliver’ disappointments Senator Graham has diminished support from the republican base in South Carolina.  As a direct result, Graham uses this appearance to request money for his own reelection effort.