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Click On Picture To See Larger PictureThe D's lied again, the IRS is coming after middle and low income people, they have created a military collection infantry. They will need this because the people are living on debt. Moody's downgrades Maryland after bridge destroyed. [CB] spill the beans, they are political. Trump counters Biden economic narrative. The [DS] is now pushing the war narrative. They will intensify this narrative as we get closer to the Presidential election. The [DS] will try to convict Trump and throw him prison, but this will not stop Trump, he can still run for office. The people will rally around him. Timing is everything and the [DS] is falling right into his trap.

 

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Economy


After Promising Not To, The IRS Army Democrats Expanded Is Targeting The Middle Class













The IRS last year claimed the extra $80 billion would help the IRS “restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation’s tax laws. The effort… will center on adding more attention on wealthy, partnerships and other high earners that have seen sharp drops in audit rates for these taxpayer segments during the past decade. ”
According to a new audit of the agency, as of just less than a year ago, 63 percent of new IRS audit inquiries were to middle-income earners who made less than $200,000.
“Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million,” the Wall Street Journal editorial board reported last week. “Don’t forget to save those charitable-giving receipts.”


Source: thefederalist.com



https://twitter.com/Fxhedgers/status/1778207339960738015


Bridge Collapse: Moody's Cuts Maryland Transportation Authority's Debt Outlook To Negative





The fallout from the Port of Baltimore bridge collapse has sparked supply chain snarls and economic pains in the Maryland area, forcing Moody's Ratings to downgrade the outlook of the Maryland Transportation Authority's debt from "stable" to "negative" because of mounting "uncertainties around the Francis Scott Key Bridge's replacement project's costs, including their funding and timing."
"Any negative impact from the replacement project would be on top of financial metrics that were expected to narrow from capital investments prior to the loss of the bridge," Cintia Nazima, a Moody's analyst, noted in a report initially mentioned by Bloomberg.
Moody's maintained the Aa2 rating for the MTA's revenue bonds, linked to about $2.2 billion in outstanding debt. Nazima explained that this rating "reflects the essentiality of the authority's road network, the fundamental strength of the service area, and its history of strong financial and operational management and performance."

The analyst said the 1.6-mile (2.6-kilometer) Key Bridge comprised about 7% of MTA's total revenue in 2023. They expect traffic to be rerouted on adjacent highways and tunnels, adding the MTA will likely recapture most of the lost toll revenue.
The bridge was the primary land feeder into the Port of Baltimore. It connected the port to the I-95 highway network in the Mid-Alantic.

Source: Bloomberg 

For more than two weeks (since March 26), container ships, vehicle transport ships, bulk carriers, and other large commercial vessels have been diverted to other East Coast ports. Last week, the US Army Corps of Engineers provided a timeline for reopening the port, potentially at the end of May. However,