Wednesday, September 15, 2010

No Time To Raise Taxes In A Recession Or Ever

It is critical that the Bush Tax cuts be extended and made permanent; all of them to get our country out of Recession. Instead, Socialist President Obama is playing the old class warfare game in trying to confiscate even more money from the "rich", that he defines as families and businesses earning over $250,000 a year. If the tax cuts are not extended, the so called "rich" about 900,000 small businesses will experience a huge tax increase. Their rates will go from 35% to almost 40%. But it get even worse because there is another 3% surcharge in Obama's HealthScare Plan that the "rich" will be required to pay in a few years. So, the "rich", families and many businesses earning more than $250,000 a year, will experience a federal tax burden of about 43%. When combined with the average 6% state income tax burden, the "rich" will pay about 50% of their income in taxes and that does not include sales, business, property, capital gains, dividend, various licenses and estate taxes. When is enough enough for these Socialists? The answer is NEVER.

And then, there are increases in medical insurance premiums coming because of ObamaCare, which will impact most businesses and individuals. So the 'rich" who are the nation's job creators will simply lay off, or not hire new employees to deal with these tax increases and higher medical insurance premiums. Raising taxes of any kind during a Recession is dumb, dumb, dumb and represents a complete lack of understanding of Economics 101. The good news is that there are now some Blue Dog Democrats running away from Obama as fast as they can who have come to the same conclusion. It is very possible that the Congress will extend all of the Bush Tax Cuts at a minimum for a few years. It will probably happen during the lame duck session after the election in November. The question is will Obama veto the bill; maybe so, in which case we have to veto Obama in 2012.

Class Warfare is another reason we must sweep these Socialists out of office in 2010 and 2012 by electing Conservatives who support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real energy independence and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values. This is the winning platform supported by the majority of the American people and the only way to restore economic growth and job creation in America. And, we need a President of all the people not just unions and various specials interest groups.

Most important, we must elect Conservatives who support the Constitution as written by our Founding Fathers, not as contrived by the left wing media, Socialists Obama, Reid, Pelosi, former Presidents, Congresses, or the Courts. We must take back our country in 2010 and 2012 and make the Bush tax cuts permanent. If the government can't live within its means then we have to replace those running the government. It is just that simple. We must sweep these Socialists out of office. We can do it. We must do it to preserve our freedoms, our nation and way of life and for the sake of our children and grandchildren.

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