Monday, July 12, 2010

Bush Tax Cuts - The Clock Is Ticking

The Bush Tax cuts are set to expire on December 31, 2010. If Congress does not take action and quickly, the United States will experience the biggest tax increase in American history. Income tax rates will jump substantially for the 50% of us that pay income taxes. Capital gains tax will go up from 15% to 21%. Tax on Dividends will jump to regular income tax rates, which will more than double the tax on Dividends. The Estate Tax will jump back above 50%. The very thought of allowing the Bush Tax Cuts to expire in the current economic environment is a march to national economic suicide. We still have real unemployment above 15% in the United States. That means there are more than 22 million Americans either unemployed, under employed working part time who want full time work, or who have just stopped looking for work. Many of them will shortly run out of unemployment benefits.

In addition, Socialist President Obama's HealthScare Plan will impose $670 Billion in new taxes over the next ten years and that does not include the higher premiums we will all pay as a result of this phony health care reform to pay for the 30 million who are uninsured. HealthScare is all about income redistribution and rationing of care and has nothing to do with health care reform. In any case, Obama and the Socialists that control Congress are spending our country into bankruptcy. And, if the Bush Tax Cuts are not extended for at least three more years to provide some certainty to the market, until we have a robust economic recovery, we will not only experience a double dip Recession, we may even experience another Great Depression. These Socialists are leading us down a path to economic disaster.

Of course, Socialists never learned the lessons of history, or Economics 101, which is why they are simply oblivious to the facts we face. We must sweep Obama and all of these Socialists out of office in 2010 and 2012 to take back our country. We must elect Conservatives who support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, a strong national defense including securing our border and fighting Terrorism, real health care reform and energy independence, the right to bear arms, the sanctity of life and family values. This is the platform we need to bring back economic growth and prosperity, which will not happen unless the Bush Tax Cuts are extended for some period of time, if not forever.

Most important, we must elect Conservatives, who support the Constitution, as written by our Founding Fathers, not as contrived by Socialist Obama, Reid, Pelosi, former Presidents, Congresses, or the Courts. We must act to save our country. We can do it. We will do it to preserve our freedoms and for the sake of our children and grandchildren. Please donate money until it hurts to Conservatives running for office in 2010 to start the tidal wave that will sweep these Socialists out of office. Go to National Freedom Forum Candidate Endorsements and give to take our country back.

No comments:

Post a Comment