Fire Congress!

We've heard a lot about extending the Bush tax cuts--which our cowardly Congress chose to ignore.  They all went home in order to campaign for their re-election.  As Obama claims to watch out for the "middle-class" he knew full well that extension of the Bush tax cuts would put money in the pockets of all
Americans. He was firmly against extending the cuts.  What does this mean to you? 

In 2001 & 2003 Congress enacted several tax cuts to investors, small business owners, and families.  These will all expire on January 1, 2011--some call it The Day of Reckoning.  Personal income tax will rise.  The top income tax rate will rise from 35% to 39.6% (this is the rate at which 2/3 of American small business profits are taxed.)  Let that number sink in!  People will pay up to forty percent tax rate.  What would that do to your income?  The lowest rate is from 10% to 15%.  All rates in between these to rates will also rise.  (So much for saving the middle class!)

• According to the Tax Policy Center, the number of taxpaying families will rise from 4 million to 28 million--that includes you, my friend.  And at higher rates.
• Teachers will no longer be able to deduct classroom expenses.
•  Tax benefits for education and teaching will be reduced
• Deductions for tuition and fees no longer available
• Student loan interest deduction disallowed
• Charitable contributions from IRA's  not allowed
• A cap of 28% on charitable deductions/itemized deductions
• Your insurance will be INCOME on your W2's (compliments of Obama-care).  Your employer must show the value of whatever health insurance you are given--it is now income.  Retired?  Your income will go up by the amount of insurance you got.  For many--a higher tax bracket.  This is how the govt. is going to buy insurance for the 15% who don't have insurance.  Don't believe me? 
• On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,as modified by sec. 10901) Sec.9002  "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."
•  Marriage penalty (narrower tax brackets for married couples).
•  Child tax credit cut from $1,000 to $500
•  Dependent care and adoption tax credits cut
•   Return of the death tax--better die before the end of 2010 or your family will take a hugh tax hit.
•  Capital gains tax up from 15% to 20%
•   Medicine Cabinet Tax:  You'll no longer be able to use flex spending or health reimbursement pre-tax for non-prescription/over the counter meds.
•  A new cap on flexible spending of $2500.00--hardship on families with special needs kids.

http://www.kiplinger.com/businessresource/forecast/archive/tax

Barney Frank--One of the biggest BAFFOONS in Washington! He talks like it's HIS MONEY to take! That's the mentality of most of our elected officials.

Doctrine of Inevitability of Gradualism

Ok folks, here's a new term for you (compliments of Glenn Beck)!  .  DOCTRINE OF INEVITABLILITY OF GRADUALISM Doesn't sound like much but it can be lethal if you're not paying attention.  Basically it means, once your foot is in the door--all possibilities are on the table.  Here's an example:  Recently the "powers that be" in Washington recommended rating appliances according to their "green" impact on the world.  Now that sounds harmless enough--in fact it may even sound like a good idea.  A few years down the road however, they decide that YOU aren't doing YOUR part for the world by making good choices in your purchases.  So, before you know it--they're "taxing" you for buying the "non-green" items.  What happens?  People obviously purchase what the government wants them to.  What do manufacturers do?  They either build the way the government says, or they go out of business.  It is ONE MORE governmental control on your decisions; one more way for government to control business.  If they started out by saying "You buy the appliances we tell you to buy" you'd rebel--"NO WAY" ! But if they do it GRADUALLY, they've succeeded before you even know what's happening.

Enjoy a baked potato?  Well, you'd better hurry because Mr. Obama's administration is about to declare war on it.  Since you can't decide what type of food is GOOD for you--they're going to try to limit your choices.  As an Idahoan--I am furious over this newest step in governmental control.  Don't believe me?  Check it out:
 http://www.associatedcontent.com/article/5923510/latest_enemy_of_the_people_the_potato.html

One more example of DOCTRINE OF INEVITABLILITY OF GRADUALISM.  Better gobble down that steak, and enjoy that butter now.  If the Obamas have their way--you'll have to pay a hefty price for them in the future--and you can bet that hefty price won't go to the farmer/rancher!  Wake Up America!

One of my astute readers made this comment:  "Mr. Obama is a chain smoker--but we can't eat potatoes???"

For another example read the new blog entry "A New Way To Tax."

Which Stimulus Are You Paying For?

I spent a little time on the Internet this morning looking for projects sponsored by YOUR tax dollars in Obama's stimulus package.  Here's are just a few:

2 million for ant analysis
650 million for converter boxes from analog to digital
$49,410.00 to install rubber tile tennis courts in Bozeman MT
198 million to Filipino Veterans
335 million for the prevention of STD (sexually transmitted disease)--including condom giveaways
70 million for "supercomputer activities"--especially if they relate to climate research
2 BILLION for a "near zero" emissions power plant (not sure where this is to be located)
246 million tax break to movie producers--since when does Hollywood need $$$? (removed after outrage)
20 million spent erecting signs around the country promoting the stimulus package
1 million in Austin TX for a Frisbee golf course
6 million in Minnesota for a skiing related snow making device
100 million to aid casinos in PA
6 million to "reclaim" a famous surfer's hangout in Ventura CA
20 million for a Minor League Baseball Hall of Fame
$71,000. to Wake Forest University to study cocaine use in monkeys
$700,000.00 to Wake Forest University to study (this is my personal favorite) monkeys reaction to "inequity and unfairness".
500 million for airport screening devices--all this while our government is suing AZ citizens for their to efforts to curb illegal aliens from entering through their "open" borders.

Wow, I feel like I'm getting (as Nancy Pelosi puts it) the biggest "bang for the buck" with my tax dollars.  How about you?  And Congress wants to increase our taxes because we're "too stupid" to know how to manage our own money.  Get real America!

If you're interested I found this website that monitors the spending of the stimulus money.  Its slightly amusing but the real fun is reading comments at the bottom of each stimulus project.  Have fun!
http://stimuluswatch.org/2.0/