Millionaire Monday: Robert Molaro

Robert Molaro
Robert Molaro

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Positively, absolutely nothing can stop the Illinois state pension madness as it is now, not even death.

Robert Molaro (D), was in both houses of the Illinois General Assembly and collected a enormous taxpayer subsidized pension. In 2019, not long before his death, Robert was collecting $141,972 estimated a year in pension payouts. He had put in only $109,860, and had received over his lifetime $1,233,126. Robert was expected to receive $4,322,660 by the time he reached 85.

Alas, Robert did not make it that long. On June 15th, 2020 Robert Molaro passed away. However, his pension certainly didn’t pass away. Instead, it was passed on to Barbara Molaro.

Who is Barbara Molaro, you might ask? Well, she was the late Robert’s wife, and also pled guilty in a ghost payroll case initiated by the feds. In 1996, Barbara Molaro was indicted by the feds under charges of receiving $40,000 during 6 years she was on the Illinois Senate payroll without having to do any work.

Barbara now receives as of 2021 and estimated $100,413 annually from a General Assembly Retirement System pension. By the time she is 85 she is expected to have received $1,933,043, the lion’s share coming from Illinois state taxpayers.

While is Barbara’s pension so high? That’s because her pension is calculated based off of what Robert Molaro was receiving. Why was Robert Molaro’s pension so high? Its because Chicago Alderman Edward M. Burke hired Molaro as an expert on pensions of all things. Robert wrote a 19-page white paper on Chicago’s pension funds. Molaro worked as an aide to Burke for one month, earned $12,000, and nearly doubled his pension. For those that need a reminder, this is the same Burke that has a 14-count corruption case pending on him.

The Illinois government employee pension system, especially GARS is an absolute circus. There are plenty of pension millionaires, and we at Taxpayers United of America are going to put a spotlight on all of them. If taxpayers would like to view the latest annual report on Illinois pensions, there is a link to it on our website. 15th Annual Illinois Pension Report – Taxpayers United Of America


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A new analysis of Joe Biden’s tax plan by the nonpartisan Washington-based Tax Foundation has found that under the House Democrats’ plan, the U.S. would have an average corporate rate of 30.9 percent, which would be the third-highest corporate rate in the Organization for Economic Co-operation and Development (OECD), behind only Colombia and Portugal!

On Monday, Democrats on the House Ways and Means committee introduced reconciliation legislation that would raise as much as $2.9 trillion to finance President Biden’s “Build Back Better” agenda.

According to the foundation, “A centerpiece of the House Democrats’ plan is an increase in the corporate tax rate, from 21 percent to 26.5 percent. But most companies would face a rate north of 26.5 percent, given that most states also levy a corporate income tax.”

Companies in 21 states and D.C. would face a higher corporate tax rate than in any country in the OECD under the plan, where Portugal currently levies the highest tax rate of 31.5 percent. New Jersey would see the highest combined federal-state corporate tax rate of nearly 35 percent.

The foundation points out that “The corporate income tax is among the most economically harmful ways to raise government revenue. Higher corporate taxes reduce output, productivity, and wages in the long run, while making the United States less competitive.”

“The plan also proposes raising the long-term capital gains tax rate to 25 percent and applying a new 3 percentage point surcharge on all income above $5 million of modified adjusted gross income. When including the net investment income tax of 3.8 percent under current law, the top marginal capital gains tax rate would reach 31.8 percent at the federal level.”

According to the foundation’s analysis, seven states and D.C. would face combined top marginal capital gains tax rates of more than 40 percent, nearing the top rate among OECD countries, currently levied by Denmark at 42 percent.

The foundation concludes:

A high combined capital gains tax rate would influence when taxpayers decide to
sell assets and realize the gain. If the effect is large enough, federal revenue from
capital gains income would decline as taxpayers decide to avoid realizing gains
and the higher tax rate.

The type of tax used to finance government spending matters. Selecting less
damaging revenue sources and avoiding dramatic tax increases will contribute to
a successful U.S. economic recovery.

The corporate income tax is the most harmful tax for economic growth because
capital is the most mobile factor in the economy and, thus, most sensitive to
high tax rates. Academic research indicates that workers bear at least half of the
economic burden of the corporate tax through reduced wages, especially for
“the low-skilled, women, and young workers.”


Ransom Payment? Biden Administration Sending $64 Million In Taxpayer Dollars To Taliban Controlled Afghanistan

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In a press report, the Biden Administration announced that it is sending $64 million dollars to Taliban Controlled Afghanistan. According to the report:

“Today, the United States announced nearly $64 million in additional humanitarian assistance for the people of Afghanistan. This funding from the U.S. Agency for International Development (USAID) and the U.S. Department of State will flow through independent organizations, such as UN agencies and NGOs, and provide life-saving support directly to Afghans facing the compounding effects of insecurity, conflict, recurring natural disasters, and the COVID-19 pandemic.”

“This payment is highly suspicious,” noted Matthew Schultz, executive director of Taxpayers United of America. “We know from recent testimony from Secretary of State Antony Blinken that roughly 100 American citizens who want to leave Afghanistan remain in the country as of the end of last week. We also know for a fact that the Taliban have hampered US civilian efforts to leave the country.”

 “If this is not outright a ransom payment, then what else is it? Assuming that any of this money actually reaches people, and is not just intercepted by the Taliban, than what does it achieve? Afghanistan is in chaos. There is a drought in the country, police have been replaced with Islamic radicals, and banks are limiting withdrawals due to a fear of a bank run. Infusions of ‘aid’ into the economy would help stabilize the country, and strengthen the Taliban’s control.”

“In essence, no matter who the money goes to in Afghanistan, it will help the Taliban.”

“The only way to know if this really is a ransom payment is to see what happens next. Either way, the situation is ridiculous. Taxpayers pay enormous amounts of money to the government to ensure our safety and security. Indeed, a large portion of our tax bill goes to fund the greatest military force in the world. To think that despite all the money that we pay for all these ships, planes, and tanks, that hundreds of Americans are left behind enemy lines is absurd. The notion that we have to pay even more as a ransom to those that helped terrorists ram planes into our buildings is disgusting.”