Posted on 02/21/2009 4:27:02 PM PST by Diana in Wisconsin
WASHINGTON (Reuters) - President Barack Obama will allow tax breaks given to wealthier Americans under his predecessor, George W. Bush, to expire as scheduled rather than eliminate them sooner, an administration official said on Saturday.
Obama, who promised during his White House campaign to roll back tax cuts on people earning more than $250,000, also plans to boost tax collections from about 16 percent of the economy this year to 19 percent in 2013, the official said, confirming a Washington Post report on Obama's budget proposals for the 2010 fiscal year.
(Excerpt) Read more at reuters.com ...
The Marxists WANT the 401K's to tank completely. Then the sheeple will give them permission to roll it all into Social Insecurity. Just another plank in the takeover plan -- education, media, health care, banking, retirement, etc.
I woke up this morning PO’d and I still am! ARRRGH!
Absolutely. I purchased a 2nd house with my big tax return in 2005. My middle son is living there right now. My primary residence has no mortgage. When the rates go back up, I'm going to have to insist on charging my son rent in the house. I can't absorb a $1,000 hit each month and allow him to live in the house rent free.
Well said. It’d make a great (and big) bumper sticker.
Time to start paying off the stimulus.....etc....
your neighbor’s mortgage, car payment, utilities and oh yeh.......
The o and ACORN.
I’d be very pleased to not see my taxes rise until 2011...though I don’t believe it for a minute....
Stocks in the tank on Monday...
Well we can let Obama expire in 2012.
Er - elections have consequences?
Well, I deserve to be punished. My taxes went down under Bush, and I’m not rich. Not even close. So, they must have made a mistake by lowering my taxes because as we all know, Bush only cut the taxes of his rich cronies. It’s my patriotic duty to give it all back, and then some.
I make less than $150,000 per year, and if the Bush tax cuts expire I will be paying over $3000 more per year in Fed income taxes. He’s lying when he says it will only affect people making more than $250,000.
Since when does being married and filing jointly make you inherently wealthier, so as to earn over $250,000? Bush's tax cuts where more than for higher wager earners.
You asked — “Can we impeach him yet?”
You can try to see if you can get it going. But, I suspect it will be just like those protesters who had been wanting to impeach Bush for years, too. It won’t go anywhere, and all you’ll make yourself look like is a fringe-group — just like those “Impeach Bush” characters looked like.
I would concentrate on issues that are big (pick primary issues and then secondary and then on down the list) to work on opposing and trying to get our influence in on it, when bills go through Congress.
To do a whole bunch of “protesting” that is not going to get anywhere (as opposed to certain high-profile and critical items) is to make yourself a “fringer” and not get hardly anything done (except complaining...).
You’re a lot nicer than me. The MINUTE my son moved out, his old room became my Sewing Room, and he’s not allowed back in, LOL!
He can have the couch in an emergency, and of course he’s invited to dinner whenever he wants, but to pay for a house for him? *THUD*
18 and OUT, Baby. ;)
(I realize you’re doing it as an investment...)
I think he knows exactly what he's doing.
Well, it’s none of my business but you did volunteer the information so may I ask, is there some reason why you SHOULD allow your son to live rent-free?
bwhahahaha!! We’re punishing the RINO’s now!!!
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