Friday, September 21, 2012

Barack Obama - #4231 - VIDEO: Dick Morris - Obama's 2nd Term Tax Plans (707,661 views) - The Hill

THIS ARTICLE IS DEFINITELY ONE TO COPY AND PASS TO FRIENDS WHO MAY NEED ENCOURAGEMENT HOW TO VOTE. Dick Morris - Obama's 2nd Term Tax Plans - If Obama is reelected, the tax increase he and a Democratic Congress would impose on middle- and upper-middle-income Americans would be disastrous. It’s easy to lose sight of his tax plans because he has hidden them in a variety of nooks and crannies, including the Simpson-Bowles Commission Report, the Pelosi budget of 2009 and the various tax proposals advanced by his party. But, should he win, they will all come out of hiding, and together, they will be the principal legislative thrust of his efforts in 2013. For a couple making $250,000, these tax hikes would add another $3,000 to $4,000 a month in taxes (depending on whether they were self-employed). For a couple making $150,000, they would add another $1,200 to $1,400 per month. Let’s all realize that Obama let a massive deficit accumulate precisely because he realized that doing so gave him the leverage he would need to raise taxes and increase, permanently, the size of government in America. Reagan let the deficit pile up so liberals couldn’t spend more money. Obama did so in order to make conservatives vote for higher taxes. How will he tax us? Let us count the ways: • Most basic, of course, will be an increase in tax rates. Those paying 33 percent will now pay 36 percent. People paying 35 percent will now pay 40 percent. Most people accept and expect that Obama will raise these brackets if he is reelected. But they don’t realize what else he will do.  Read more...........

No comments:

Post a Comment