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Roanoke Times, 12-2-10, Pg 5: GOP corners White House on extension of Bush tax cuts.
Letting the Bush tax cuts expire Dec 31 would lead to 3 percent tax increase for most American taxpayers.
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When professional journalists know that they are publishing gross misrepresentations and distortions of the truth, isn’t that LYING? What journalism school did these folks attend?
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THE REAL DATA AND YOUR TAX BILL:
Only 50% of the American people are paying taxes!
The bottom tax rate goes from 10% to 15% (that’s a 50% increase in tax due)
The 25% bracket goes to 28% (that’s a 12% increase in tax due)
The 35% top bracket goes to 40% (that’s a 14% increase in tax due)
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Capital Gains increase from 15% to 20% (that’s a 33% increase in tax due)
Dividend income increases from 15% to 40% (that’s a 167% increase in tax due)
And the death tax is back, estates will be taxed 55% (that’s an infinite increase in tax due)
And states will then key off the federal death tax and tax beneficiaries as regular income at the elevated tax bracket.
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Does this look like a 3% tax increase or does it look like grand larceny?
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The national priorities must be:
1. Freeze all funding for: ObamaCare
2. Freeze EPA funding for carbon restrictions
3. Establish a no-increase in spending budget
(Obama and the Democrats don't even have a budget!)
4. Rollback the spending and don't increase taxes on anyone
We don't have a taxing problem, we have a spending problem
5. Stop subsidizing the burning of our food (ethanol)
http://roanokeslant.blogspot.com/2010/11/stop-burning-food.html
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Then: Repeal ObamaCare
Cut in-half the DOEd, DOE, DOT, and the EPA. These bloated bureaucratic agencies are totally unnecessary. Every state has these functions and has the responsibility for these functions.
Talk about saving money and reducing unnecessary restrictions and bureaucracy!
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Crank-up domestic energy production including nuclear power plant construction.
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Reduce the endangered species list to a maximum of 100 entities that are truly important and in our national interest.
Call it the Charles Darwin act of science instead of politics and misdirected emotion.
http://roanokeslant.blogspot.com/2010/11/some-republican-national-priorities.html
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http://roanokeslant.blogspot.com/2009/06/economic-reflections-revisionism.html
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New news item:
Roanoke Times, 12-5-10, Pg 9:
"The Democratic-controlled Congress hasn't passed a single annual spending bill. It's an unprecedented breakdown of the budget process."
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Washington: I Want Your Money Trailer
http://www.youtube.com/watch?v=4wty7974IKg
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