Tuesday, July 10, 2012

Taxes - #4030 - VIDEO: Bill O'Reilly - The Ghost of Ronald Reagan Haunting President Obama - Fox

 This Video and accompanying facts will be one to share with others, along with exposing Obama with his latest proposal of raising taxes on those earning over $250,000. 




The Ghost of Ronald Reagan Haunting President Obama - Fox -(1) Federal Workers under 8 years of Ronald Reagan increased by 12,000. (2) Under Jimmy Carter's 4 years Federal workers increased 100,000. (3)In the 3 years of Obama's Administration, Federal Workers increased by 130,000. This is more than 10 times over what Ronald Reagan added. In the June employment stats, 80,000 jobs were created, but 85,000 workers left the marketplace to get disability payments.(4) Since June of 2009, 2.6 million jobs have been created, but 3.1 million have gone on disability in this same time period, this is a new record rate. (5) Obama contends raising taxes on those earning $250,000 will raise $85 Billion in new taxes, but the government spends $85 Billion every 8-1/2 days.  See following chart:

 TAX RATE DEBATE - ISI GROUP 

Income                                       2012       Obama      Romney 
Over $388,350                             35%        39.6%         28% 
Top Dividend Tax rate                  15%        43.4%          15%
Top Capital Gains Tax Rate          15%        30%             15%

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