www.dailysignal.com/2023/11/06/irs-targets-conservative-group-exposing-biden-admin/The Internal Revenue Service has moved to audit a conservative group that has exposed the radicalism of some of President Joe Biden’s nominees to senior administrative posts, and in so doing, led him to withdraw their candidacies.
The American Accountability Foundation has exposed numerous Biden nominees, and it published emails showing that Sen. Sheldon Whitehouse, D-R.I., had encouraged the IRS to target conservative organizations, including AAF, for extra scrutiny and investigation.
“Senator Whitehouse has repeatedly called for the IRS to investigate AAF—by name,” AAF President Tom Jones told The Daily Signal in an emailed statement Monday. “Attacking groups like ours has been a priority for Senator Whitehouse and it appears the Biden admin has heeded his calls.”
“We’re auditing your organization’s Form 990 for the tax year ended December 31, 2021,” an IRS revenue agent wrote in a Sept. 14 letter to AAF. The organization provided a copy of the letter to The Daily Signal.
The IRS insisted it does not launch audits for partisan reasons. A spokesman said he could not confirm the audit.
“Under the federal tax law, federal employees can neither confirm nor deny that a particular organization is or is not being audited,” IRS spokesman Anthony Burke told The Daily Signal in a phone interview Monday. “We’re precluded from disclosing tax return information.”
Burke directed The Daily Signal to IRS Publication 556, which explains the examination of returns.
“AAF is being attacked because it is successful,” Jones said. He mentioned a few of the Biden nominees AAF criticized whose nominations Biden later revoked.
When Biden nominated David Chipman to lead the Bureau of Alcohol, Tobacco, Firearms, and Explosives, Jones unearthed allegations that Chipman, who had served as a special agent at ATF until 2012, had remarked that “African American agents … must have been cheating” because they passed an exam. Biden withdrew Chipman’s nomination after AAF revealed the alleged comments.
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PLUS:
www.zerohedge.com/news/2023-11-11/moodys-next-slash-us-debt-ratingMoody's Next To Slash U.S. Debt Rating
Who could have seen this coming? Just 3 months after Fitch downgraded the U.S.’s credit rating, Moody’s is in line to be next on the list.
Hilariously, the downgrade comes after a Friday which saw markets, propelled by only a small number of stocks, rally 2%, despite the nation’s worsening fiscal situation that even Moody’s, who has had a AAA on the U.S. since 1917, couldn’t ignore.
Friday’s rally, like most of the S&P gains so far this year, was likely driven by just 10 stocks and, as Zero Hedge noted on Friday, NASDAQ breadth is at all time lows while just a handful of companies keep pushing the index higher.
In other words, for the people in the back, the nation’s last AAA rating is at risk and the stock market is an air pocket reliant on just a handful of stocks.
Moody’s remains the only rating agency — part of the big 3 with S&P and Fitch — that now maintains a AAA rating on the United States.
The rating agency cited the “nation’s diminished fiscal strength, undone by extreme partisanship in Washington,” according to CNN Business.
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