Did you see Glenn Beck yesterday? He had a video of Austin Goolsbee, Obama's new Chairman of his Council of Economic Advisers, trying to explain why a tax cut for the "wealthy" was a bad thing and would cost the U.S. mucho bucks. He was talking about the wisdom of extending the "Bush Tax Cuts" to all Americans. But I think Mr. Goolsbee, though he's supposed to be an economist, doesn't know squat about taxes.
This is the thing, Mr. Goolsbee. When you take more money than you currently are taking, that's a TAX INCREASE. When you are not paying $100,000 in taxes one year but you will pay it the next year, that's a TAX INCREASE. THIS IS NOT A TAX CUT.
If the Bush Tax Cuts that have been in place for the last decade are preserved for all Americans, the government tax collection stays the same.
Goolsbee says the government will have to borrow $700 billion to cover the "tax cuts for the wealthy." But this is not a TAX CUT. It is a TAX INCREASE. So why would the government have to borrow $700 billion to cover money that they are not currently getting? How can it cost anything when the money isn't currently coming in? That's like hoping you get a $500 per month raise at work and then one morning telling your boss that if you don't give me a $500 per month raise, it's going to cost me so much money I'm going to have to borrow $500 every month to cover the raise I didn't get. The point? Why would you have to borrow $500 per month to replace money you were not getting in the first place? This is precisely what Obama wants to do.
Republicans want the Bush Tax Cuts extended to ALL Americans. Under the GOP plan you earn, the government does not take more of your money, so you keep the money you earn. The amount taken by Uncle Sam remains as it has been for 10 years.
Under the Obama plan, you earn, the government takes more of what you earn and spends it on someone else, like the unions, or whatever people or group Obama likes at the time, and you have less for your own needs.
Well, I have a message for Obama. THIS ISN'T YOUR MONEY TO TAKE AND GIVE AWAY TO SOMEONE ELSE! Our hard earned money is not YOURS. And quit saying you are giving people tax cuts. This is not a tax cut. It is a TAX INCREASE. A tax cut is giving people more money. A tax cut is when the taker does NOT take more of our money. This is an important distinction. Extending the Bush Tax Cuts costs the government absolutely nothing extra.
Obama, the rich are not the enemy. They are the employers, the job creators, the philanthropists, the primer of our economy. Right now they are scared to do anything because your policies are creating uncertainty on every front.
Americans need to know that this is a government game. We are being played for fools. This is class warfare, and it is a big, fat lie. Obama's top economic advisor tries to tell you your money is theirs, you have no right to it. But it is yours. You should be able to choose when to share your money and whom to share it with.
Tell the government that No, We Will Give No More. Keep all Bush Tax Cuts in place forever. Tell them to balance the budget and QUIT SPENDING instead of playing the Money Grab Game.
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Showing posts with label no tax increases. Show all posts
Showing posts with label no tax increases. Show all posts
Wednesday, October 6, 2010
Tuesday, September 14, 2010
SENATOR BOEHNER A TRAITOR? YOU BET!
John Boehner last week announced a Two-Point Economic Plan which included a spending freeze and a two-year extension of the Bush tax cuts. Good idea, actually a GREAT idea, reduce spending and retain all of the Bush tax cuts. That's a great economic plan in a weak economy.
But what did Boehner say on Sunday? That he would support renewing tax cuts for the middle class but not the wealthy! Can you believe it? Changed his mind in less than a week. He is saying he will go along with the Obama proposal to extend the Bush tax cuts for everyone except the "wealthy." What in the world is wrong with Mr. Boehner?
The White House jumped all over these comments as a potential sign that the GOP might give up and back the Obama plan of no tax increases for the majority but large tax increases for the minority (that's the so-called "wealthy). With Boehner's stamp of approval the White House will now dig their heels in the mud and never agree to leave all of the Bush tax cuts in place.
John Boehner, we do not want increased taxes on the "wealthy." Whose definition of "wealthy" do you use? Who decides what is enough money to label a person "wealthy?" And this man is the House Republican Leader? JOHN BOEHNER NEEDS TO BE DE-ELECTED. How could he be so stupid??
The message from Americans is simple: NO TAX INCREASES, PERIOD, FOR ANYONE. We need less of Washington, not more, and we need more jobs, not less. Raising taxes on anyone will cause higher unemployment. This is a historical fact.
Remember, the Democrats are running scared from Obama's agenda, and the last thing the Republicans should do is cave in to the lunacy. They should be standing strong for lower taxes, smaller government, less spending, less regulation -- and TERM LIMITS.
But what did Boehner say on Sunday? That he would support renewing tax cuts for the middle class but not the wealthy! Can you believe it? Changed his mind in less than a week. He is saying he will go along with the Obama proposal to extend the Bush tax cuts for everyone except the "wealthy." What in the world is wrong with Mr. Boehner?
The White House jumped all over these comments as a potential sign that the GOP might give up and back the Obama plan of no tax increases for the majority but large tax increases for the minority (that's the so-called "wealthy). With Boehner's stamp of approval the White House will now dig their heels in the mud and never agree to leave all of the Bush tax cuts in place.
John Boehner, we do not want increased taxes on the "wealthy." Whose definition of "wealthy" do you use? Who decides what is enough money to label a person "wealthy?" And this man is the House Republican Leader? JOHN BOEHNER NEEDS TO BE DE-ELECTED. How could he be so stupid??
The message from Americans is simple: NO TAX INCREASES, PERIOD, FOR ANYONE. We need less of Washington, not more, and we need more jobs, not less. Raising taxes on anyone will cause higher unemployment. This is a historical fact.
Remember, the Democrats are running scared from Obama's agenda, and the last thing the Republicans should do is cave in to the lunacy. They should be standing strong for lower taxes, smaller government, less spending, less regulation -- and TERM LIMITS.
THROW THEM OUT IN NOVEMBER, INCLUDING JOHN BOEHNER
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