From 3 of 2009“Proposals consideration include raising taxes on small business owners and potentially low- and middle- income families. You won’t hear about that from Obama. Instead, the president focuses on the very rich.”
“expenditures in the tax code” = limiting govt income grab
the term shows who obamas peeps think owns all national income
This is the type of “expenditure” obama is willing to cut!
The petulant prince of pennsylvania avenue is supposed to do a presser at 11Am today. He is mad, you know.
Angry black man speech alert.
Will a group of Democrats ask him to step down because he is mentally unstable and not fit to serve?
Doing the same thing over and over again expecting different results would be the definition of insanity or stupidity.
Looks like the first mulatto president has not been good for black folks as well. Fox has an article highlighting the plight of black folks who are falling out of the middle class. At the same time, BO’s failed policies are chipping away at everyone’s net worth.
What an idiot he is.
Here’s a tax proposal. Billionaires like Warren Buffett like to beg for higher income taxes while pretending they would actually have to sacrifice anything. The problem is their official income is actually in the hundreds of thousands even though their wealth is counted in billions so an income tax on them is also a tax on small business. Instead, let’s create a 1% asset tax on billionaires. Instead of paying a few thousand dollars, they have to pay $10,000,000 per billion in assets.
I think we are missing the boat a little on the whole “tax increase” thing.
A lot of “tax breaks” are nothing more than redistribution of wealth in disguise, and have nothing to do with letting people keep more of their own money.
Some examples: Hybrid car tax credits. They take money from working americans, and use it to bribe people into buying the cars government wants you to buy.
Or College tuition tax credits — supposedly great if you have kids. Except everybody gets them, and the colleges know it. College is already setting their tuition to the price YOU are willing to pay. If government throws another $4000 into the pot, it doesn’t change what you were willing to pay. If you wanted college for $10,000, and now government throws in $4000, colleges raise their tuition to $14000. In the end, it’s not YOUR tax credit, it’s money paid to liberal universities pushing democratic philosophy.
In contrast, depreciation allowance at least does let companies keep more of their own money, because the money goes to the company that first earned it, and then did something with it.
And when government is spending almost twice the tax they take in, it’s not quite like killing the tax credits raises the amount we pay — the tax credits were coming out of borrowed money.
So I think we really do need to go through all the various tax credits and see which ones are really spending in disguise. It’s not hard — if the tax credit or deduction is paid to people who do exactly what government wants them to do, that they might not otherwise do, it’s really government spending through a 3rd party.
He will sign an executive order to raise the debt ceiling, citing it as a national emergency. Nothing will stand in his way.
Ms. Werner will undergo an intensive two week "attitude adjustment" or "philosophical alteration" training course...and then be returned to work.
This two week session involves being forced to watch continuous looped TV show tapes of little crissy mathews and keith ole-burr-man.
Suitable for the "re-education" of all liberals who are suspected of actually attempting to think critically....dontchaknow!
Here is an excellent editorial on the impact of higher tax rates on small business owners: The Small Business Tax Hike and the 97% Fallacy
This proves again that the White House and democrat congressional leaders have no idea what they’re talking about on the subject of taxation and its effect on our economy.
From 3 of 2009