Tags
culture, debt, decay, defecit, Democrat Party, FDR, Harry Reid, Obama
24 Monday Sep 2012
Posted Commentary
inTags
culture, debt, decay, defecit, Democrat Party, FDR, Harry Reid, Obama
17 Friday Aug 2012
Posted Commentary
inTags
07 Tuesday Aug 2012
Posted Commentary
inTags
corrupt, Harry Reid, lie, main stream media, Mitt Romney, nancy Pelosi, Obama, press, tax returns
It would not be possible for the Democrat leader of the US Senate, Harry Reid, to make bold and unsubstantiated accusations about a Presidential candidate without the willing cooperation of the mainstream press. Not only has he repeated the false allegation that Mitt Romney has not paid his taxes but now the Democrat minority leader in the House Nancy Pelosi is touting those allegations as “the truth”. There is no doubt that if Mitt Romney ever failed to pay his taxes the IRS would be all over him. For the press to let this go on shows the level of corruption in the main stream media outlets today.
This is no more than a desperate attempt by the Obama campaign to have something to use against Romney. Since Harry Reid and Nancy Pelosi have no integrity they prove to be useful pawns to do the President’s dirty work. They really don’t have to find anything; they will just create a lie about it and repeat it over and over again. When the press runs interference for you the truth is a victim left far behind.
06 Monday Aug 2012
Posted Commentary
inThere are several bills being introduced that would eliminate the tax on medal winners in the Olympics. Americans who medal at the games are paid $25,000 for a gold medal victory, $15,000 for a silver win and $10,000 for a bronze finish. The bonuses are paid by the U.S. Olympic Committee. This can result in tax bills of nearly $9,000 for each gold medal, $5,400 for each silver and $3,500 for each bronze.
Harry, we need you to stop this non-sense. Kill these bills just as you have killed budget bills for three years. President Obama, remind Americans that we all must pay our fair share. These selfish athletes have the belief that their hard work and sacrifice lead them to winning a medal. They forget all the help they received along the way. Perhaps we should even take the medals and put them on display in Washington for all to enjoy and to remind us that without the government there would be no medals.
25 Wednesday Jul 2012
Posted Commentary
inTags
Bush tax cuts, Democrat Party, George Bush, Harry Reid, middle class, Mitch McConnel, Obama, recession, rich, Senate, tax rates
Today the Senate will vote on extending the Bush tax cuts. The Democrats will present a cherry picking bill that would let the cuts on the so-called wealthy expire. They do this is spite of the fact that Obama, in a rare moment of truth, said that the last thing we need to do in a recession is to raise taxes. The Democrats know that they will not get 60 votes and it will fail. This is what is called a safe vote, the Democrats can vote on it for their constituents knowing that it will fail. It is a very cynical part of daily politics. Mitch McConnell, Senate Minority Leader, is making it interesting because he may allow a vote to take place with a simple majority rather than requiring 60 votes to pass. This will put some Democrat Senators in tight races in a position of raising taxes on farmers and small businesses. The Republicans will also present a bill to extend most or all of the cuts and will fail as well.
This is ridiculous. These cuts go back to 2001. They have been used as a political weapon by both parties for years. The vast majority of both Democrats and Republicans know that letting the cuts on the “upper income levels” expire will have a devastating effect on the economy. Even if they are extended businesses will not have the confidence that they will stick to really start investing their capital. These cuts should be made permanent until a fundamental re-write of the tax code is made. In the long run we need a much simpler tax system with permanently low rates to sustain a good environment for a strong economy.
Below, see a list of the most well-known tax increases that could occur on January 1, 2013. These are several others that will expire as well.
Tax Rates:
Marriage Penalty Provisions:
Other Provisions:
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