Monday, March 31, 2008

The Taxman (or woman)

This is what a Democrat ticket will bring to us, because to them it is the clear solution to all of our current problems.

Currently in Massachusetts: Mass.: Gas tax hike option lingers From the article: "I have never opposed raising the gas tax. What I have said is that it is not my first choice," Patrick said in response to reporters' questions Wednesday. "I think I would be right in saying that it is not the first choice of most consumers in Massachusetts, especially in these times." In other words, stay tuned. Increased gas taxes will not only effect the cost of commuting, but will inflate the cost of products we buy from the shelves. Additionally a potential tax would also hinder not just the economy of Massachusetts, but of all of New England since shipping routes cross the state. This is the mentality... there is a ton of government excess, ballooned social programs, corruption, you name it... and yet instead of potentially trimming waste, Patrick, loyal to fellow politicians would rather hurt the people they serve.

And remember, Deval Patrick plays a key role in the Obama campaign. So this is what all of the country could potentially have in store for it.

A refresher for those not keeping track:
"They often riff off one another. They share a world view," Axelrod told the Times about Obama and Patrick. "Both of them are effective speakers whose words tend to get re quoted and arguments tend to be embraced widely." from: Obama, Clinton camps point to borrowed rhetoric

The main difference between Obama and Hillary is I believe Hillary, and not Barack, is more likely to make her tax and spend funding of Marxist dreams a reality.

Hillary Clinton Proposes Massive Energy Tax
This is from a biased source, but regardless... the message is legit. Hillary is packaging this as the people vs. corporate America, however the "tax breaks" she plans on rescinding, are breaks to big oil industry that they receive as incentives to invest in things such as research and renewable resources. Hillary's beef (and the democrats beef) is that the private sector is getting to decide how to spend these funds rather than "Big Brother". "Speaking to a group of alternative energy investors in Washington, D.C., Clinton proposed to sock oil companies with $20 billion in new fees that would be used to fund research on clean energy - driving up costs for oil producers that they would inevitably pass along to consumers."

Chance of Increased Taxes if Hillary Clinton is Elected
From article:
-She certainly would repeal Bush's tax cut halving the tax rate on dividends and would raise it from its current 15 percent to 30 percent. She would also most likely end the planned elimination of the estate tax and probably reduce the size of estates subject to the tax.
-She has specifically refused to rule out a big increase in Social Security (FICA) taxes. This levy is currently enforced on the first $97,000 of income. Hillary would probably follow the lead of Democratic liberals and either raise the limit — at least doubling it — or eliminating it altogether. A self-employed American making $250,000 a year currently pays $12,125 in FICA taxes (12.5 percent x $97,000). If the threshold were eliminated, his FICA tax would jump to $31,250!
-Robert Novak reports that Rangel's staff is "hard at work on an audacious plan that over the next decade would redistribute up to a trillion dollars in American income through the tax system." Rangel, himself, calls the new legislation "the mother of all tax reforms." (This is the redistribution of wealth and is Marxist at its heart)
-Behind her rhetoric about shared values and unity, lies the most far reaching tax increase proposals since the days of the New Deal. And, if she is elected, she will likely carry enough Democrats into the Senate (my current estimate is 58) to pass whatever she pleases.
(Please note Dick Morris wrote this article.... former Clinton White House staff)

The Democrats want us to change the structure of our government. They want us to be, (overused term) "A Nanny State". The idea is that since a few of us will slip through the cracks we should create a government funded safety net. (Which will rob us of what little incentive and work ethic Americans have remaining now days) To achieve this goal we will be matching the nations at the latter end of the following chart. Please note that our corporate taxes already are nearly as high as those in the highest taxed countries. Hillary and Obama want them to be EVEN HIGHER. That should be good for everyone...... who competes with us on the global market. See chart:
http://en.wikipedia.org/wiki/Image:Income_Taxes_By_Country.svg

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