The New Front in the War on Wealth
By Steve McCann
With the current and projected level of unsustainable spending and the determination to control the day-to-day activities of the American people, the Obama administration and the Democrats in Congress will do anything to expand revenue to the Treasury, the consequences (unintended or otherwise) be damned.
The United States under the current governing regime continues to move toward a powerful central government. As a step in that direction, the Congress and the White House recently granted the Internal Revenue Service more police power to not only collect taxes, but within that process, to negate the legal rights of the people to petition the courts and to control the behavior of American and non-American taxpayers.
On March 18, 2010, President Obama signed yet another stimulus act ($17.5 billion) using the innocuous-sounding title of the Hiring Incentives to Restore Employment Act (cynically abbreviated to H.I.R.E.). This bill was touted as another step in helping job creation. In reality, it does the opposite.
Hidden within the bowels (page 27) of this so-called jobs legislation is an unreported (in the once-mainstream media) provision known as Foreign Account Tax Compliance. Apparently, the congressional leadership did not want attention focused on this as a standalone bill, so it was hidden within a much more popular-sounding jobs bill. The justification for passing this provision was ostensibly to crack down on so-called tax evaders.
Click here to read the complete article:http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/2010/04/the_new_front_in_the_war_on_we.html
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