Bill O'Reilly & Congressman Hern on Foreign Money Funding Far-Left Radicals
Quick Read
Summary
Takeaways
- ❖A House Ways and Means Committee hearing investigated foreign money funding radical left groups in the U.S.
- ❖Neville Roy Singum, a China-based communist, is identified as a key funder of U.S. destabilization efforts.
- ❖11 cases of alleged foreign funding to 501(c)3 non-profits have been referred to the IRS for investigation.
- ❖Congressman Hern claims Democrats privately acknowledge the severity of foreign funding but oppose public action.
- ❖Foreign sovereign wealth funds are reportedly funding U.S. litigation, classifying it as capital gains to avoid taxes.
- ❖The SAVE Act, requiring U.S. citizenship to vote and voter ID, is opposed by Democrats.
- ❖A 'Third Party Litigation Funding Act' is proposed to bring transparency and tax accountability to foreign-funded lawsuits.
Insights
1Foreign Funding of U.S. Radical Groups
The House Ways and Means Committee held a hearing on foreign money flowing into radical left groups in the U.S., allegedly used to pay 'agitators' in cities like Minneapolis, LA, and Portland. Neville Roy Singum, a communist living in Shanghai, China, is identified as a primary source, raising hundreds of millions of dollars to destabilize the U.S. government. 11 cases related to such funding have been referred to the IRS for investigation.
Bill O'Reilly's introduction and Congressman Hern's testimony about the House Ways and Means Committee hearing and the 11 IRS referrals.
2Tax Evasion by Foreign Litigation Funders
Foreign sovereign wealth funds are reportedly funding litigation against U.S. companies, classifying these investments as 'capital assets' and subsequent settlements as 'capital gains'. This allows foreign entities, who are not U.S. citizens, to avoid paying U.S. taxes on multi-million dollar profits, shipping the money back to their home countries. This practice drives up insurance costs for U.S. companies and individuals.
Congressman Hern's explanation of sovereign wealth funds setting up capital asset funds for lawsuits and the capital gains tax loophole for non-U.S. citizens.
3Legislative Efforts and Political Opposition
Congressman Hern has introduced a 'Third Party Litigation Funding Act' to expose these foreign-funded lawsuits and ensure appropriate taxes are paid. He also discusses the SAVE Act, which requires U.S. citizenship to vote and voter ID, noting Democratic opposition. Hern suggests Democrats oppose these measures to protect illegal immigrants, whom they believe will support their party, despite some Democrats privately acknowledging the issues.
Hern's mention of his bill, discussion of the SAVE Act, and observations on Democratic motivations and private conversations.
4Treasury and DOJ Inaction on 501(c)s
Bill O'Reilly criticizes Treasury Secretary Scott Bessant for not revoking 501(c) non-profit statuses of organizations receiving foreign money, despite President Trump's previous requests for lists of such entities. Congressman Hern indicates that the Ways and Means Committee is pursuing a 'dual attack' with the Treasury and DOJ by focusing on the tax-exempt status of 501(c)3s.
O'Reilly's comments on Bessant's inaction and Trump's requests, and Hern's description of the committee's strategy.
Lessons
- Investigate the sources and mechanisms of foreign funding for U.S. non-profits and activist groups, particularly those engaged in disruptive activities.
- Examine the tax implications and loopholes exploited by foreign entities funding U.S. litigation, and consider legislative reforms like the 'Third Party Litigation Funding Act'.
- Monitor legislative debates and actions regarding voter ID laws and citizenship requirements for voting, understanding the stated and alleged motivations of political parties.
Notable Moments
A Democrat witness was 'caught in a lie' during the House Ways and Means Committee hearing regarding his non-profit's funding by a Swiss billionaire.
This highlights the alleged lack of transparency and potential misrepresentation of funding sources by organizations under scrutiny, reinforcing the need for investigation.
Congressman Hern states that many Democrats privately acknowledge the severity of foreign influence and funding issues, calling it an 'atrocity for America,' but refuse to say so publicly 'on camera'.
This suggests a disconnect between private concerns and public political posturing, indicating that bipartisan agreement on these issues might exist behind the scenes but is suppressed by political pressures.
Quotes
"This is the big guy. Lives in China, Shanghai. He's a communist and he is raising hundreds of millions of dollars to destabilize the US government."
"Even the Democrat witness was caught in a lie about his uh nonprofit, his foundation being funded by a nonprofit that was funded by a billionaire from Switzerland."
"They make money here in our capitalistic system. They don't pay taxes. They ship the money back to whatever country they're from."
Q&A
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