Sunday, November 25, 2012

Repubicans & The No Tax Increase Pledge

Most Republicans in Congress, over the years, have taken a pledge to the American people not to raise taxes.   Remember, George Bush I, who said, Read My Lips, No New Taxes.  Bush I then got rolled by the Socialists in Congress, when he agreed to raise taxes, for nothing in return and then proceeded to lose his reelection campaign because the base of the Republican Party abandoned him, voting instead for Ross Perot, me included. 

The Socialists are very good at rolling Republicans in the name of compromise.   They have been doing it for a 100 years to expand the size of government with all their Socialist Schemes that are now bankrupting our country.   Obama is intent on raising taxes on the "rich", which he defines as singles earning $200,000 and married couples earning $250,000 a year.   The problem with this particular Socialist Scheme is that it will also result in higher taxes for a million small businesses, that employ 70% of all Americans.   Raising taxes on small businesses is a job killer. 

Obama could care less.  This Socialist President supports redistribution of income in the name of "social justice" to take care of his PEEP's; those on the dole, the 50% of Americans that pay no income taxes at all, illegal aliens, public employee union members, radical feminists and environmentalists, trial lawyers and crony capitalists.   It is what it is.  The fact that the "rich" already pay more than 70% of all income taxes in the country is not enough for Obama and his Socialist pals in Congress.  

This is all about the Makers being forced to support the Takers; Obama's supporters.   This Blogger does not mind helping people who are really in need.    We do it through many charitable donations, in addition to the taxes we pay.  But, many of Obama's PEEP's are just working the system and living off the fat of the land. 

Obama has been borrowing $4 Billion a day to fund his Trillion dollar plus annual deficits with no end in sight.   Any Republican that agrees to raise taxes, without first getting significant spending cuts from the Socialists, is history.   Those Republicans that contribute further to our National Debt, by agreeing to more Socialist Schemes, will be challenged in the primaries by more Conservative candidates and they will lose.

We need real tax reform that lowers rates and gets rid of most deductions that distort markets, except the charitable deduction.   Capital Gains and Dividends should be taxed at no more than 20%, which would be a tax increase.   The $5 million Estate Tax provision should be made permanent, if the Estate Tax cannot be eliminated altogether.   Corporate Income Taxes should be cut to no more than 20%  to be competitive with other countries to keep more jobs in the US.   All of this would be common sense tax reform that would lead to economic growth and job creation again in America.  

There are already 21 new taxes in ObamaCare that are job killers.   The last thing we need is a huge tax increase that will only lead to slow or no growth, higher unemployment and a lower standard of living for the American people.   Obama has no mandate to raise taxes.  Obama actually got several million fewer votes in 2012 than he got in 2008.  The House of Representatives and 31 states Houses are controlled by Republicans.   While Obama got 50% of the popular vote, 48% voted for Romney.   The nation is very divided.   Those of us that don't support Obama are completely opposed to his Socialist Schemes.   Republicans would be wise to remember their base, before voting for tax increases, if they have any hope of reelection. 

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