Monday, January 16, 2012

Extending the Payroll Tax Cut - The Next Battle

The Payroll Tax cut was extended in late December for two months at a cost of $33 Billion.   The so called compromise agreed to by Republicans and Socialists in Congress and Socialist President Obama, included a new tax on mortgages to presumably pay for this tax cut.  This new mortgage tax will collect about $37 Billion over the next ten years to pay for just two months of this tax cut this year that will give the average family about $100 over two months.  RIDICULOUS!!

So now, Obama will push for the Payroll Tax Cut to be extended for the rest of the year; the next 10 months.  The cost is over $100 Billion.   This is money that will not go into the Social Security Trust Fund that is already empty since our illustrious elected Representatives, of both political parties, have been stealing our monthly Social Security contributions to spend on guns and butter (other entitlements) since 1965. 

So where is this $100 Billion going to come from.   Republicans will propose other cuts to government spending.   Socialists will again propose new taxes, either on the "rich" that already pay most of the income taxes in our country, or some other crazy new tax that they will dream up.   Socialists are never at a loss at dreaming up new taxes to support their PEEP's; those on the dole, those that pay no income taxes at all, public employee unions, trial lawyers, radical environmentalists, the illegal alien lobby and crony capitalists that contribute to their campaigns.  

Republicans must just say NO, NO, NO.   First taking this money from the Social Security Trust Fund is just plain nuts when 78 million Baby Boomers are retiring at the rate of 10,000 a day.  Second, we don't need any more new taxes to pay for the extra $1,000 the average family may get from this Payroll Tax Cut.   Further, we need to cut government spending for real, not use cuts to pay for new entitlements. 

These characters are bankrupting our country.   It has got to stop.   We have to take back our country in 2012 and 2014 by sweeping these Socialists, at all levels of government, including President Obama and also RINO's that will vote for tax increases out of office.  This Payroll Tax cut will do little to create jobs, particularly if a new tax is enacted to pay for it.   We have to take back our country.   We can do it.   We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   The bankruptcy clock is ticking.  Time is running out. 

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