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    Time for an invervention, Obama’s on a tax hike bender

    Time for an invervention, Obama’s on a tax hike bender

    Five days ago Obama unveiled a “jobs plan” which included tax hikes of $467 billion, $400 billion of which were on individuals making $200,000 (and couples making $250,000).

    Tomorrow Obama will unveil a “deficit reduction plan” which will include $1.5 trillion in new taxes including an extra tax on people making $1 million or more.

    In 6 days, Obama will have proposed over $2 trillion (that trillion with a “t”) in new taxes, above and beyond what we already pay.

    The big spender is on a tax hike bender.

    We need an intervention of historic proportions.

    It’s no longer Republicans versus Democrats, or Progressives versus Tea Partiers.

    It’s enablers versus interventionists.

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    “Broad tax breaks granted to millions of families at all income levels dwarf the corporate giveaways. Over the past two years, largely because of these popular benefits in the federal income tax code, the government has reached a rare milestone in tax collection — it has given away nearly as much as it takes in.” http://www.washingtonpost.com/business/economy/ever-increasing-tax-breaks-for-us-families-eclipse-benefits-for-special-interests/2011/09/15/gIQAgdjcaK_story.html

    The article claims that corporate giveaways and tax breaks are less in terms of total dollars than the tax breaks given to the middle class. I haven’t given thought to how to verify or analyze this claim.

    I don’t know about you, but I have a problem with raising taxes on working stiffs dealing with high unexpected medical bills, or putting multiple children through college, and similar, by taking away current deductions or credits for these necessary items.

    One thing we who are not politicians and don’t always need to simplify the issues into sound bites can do, I think, in countering the class warfare and the “raise taxes” program of the current administration, is to adopt the more educated, moderated, and nuanced stance when we write articles and in blogs.

    Given that taxes are a given, there probably are deductions and credits (and “loopholes” and “programs”) that are not serving a valid or fair purpose, and can be eliminated. I fear that when larger corporations and big campaign contributors analyze and lobby, ending up with “compromises”, if we don’t address these issues thoughtfully, it will be the smaller businessman and the ordinary Joe getting a decent paycheck but with high family responsibilities, or trying to build up his business, whose interests end up being compromised.

    At his current logarithmic rate of tax increase requesting, by the end of his term Obama will be requesting more money from the wealthy than exists in the entire universe. And there will still be Democrats declaring it is not enough. Perhaps if we paid them in Quatloos?

    […] the same as some one who makes 100′s of millions? That is what Obama calls shared sacrifice. Legal Insurrection is correct, it is time for an intervention for Obama … America cannot take any more from this […]

    Obama’s inner circle has no real world experience at all. They are all life-long government officials and/or academics, all from a far left background and mindset.

    Tax-and-spend is their only trick. They know nothing else, and cannot conceive of there being another approach. You tax, you spend, you regulate. Lather, rinse, repeat.

    Of course, this is mainly red meat for his parasitic far left base, as even the Democratic Senate won’t get near such a toxic proposal.


     
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    David R. Graham | September 19, 2011 at 7:04 pm

    Lenin’s famous: “The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” “Bourgeoisie” of course means, in today’s language, middle class, and in Russia’s then, Kulaks.

    Arguably an insane pursuit. But ideologically, most applaudably a puritan one.

    Is any of it meant? Ideologically, of course it is: all income belongs to the state’s bureaucrats, who can parcel it out for best effect, which they define. But politically, of course it is not: Democrats oppose it and with mounting stridency want the upcoming national election liberated from President Millstone. However, calculating personal electoral purposes, the proposals make sense and are meant: they set up Republicans as racists. At least that appears to be the calculation.

    IMHO, the calculations are backwards. Impeachment is not unthinkable. Americans are allergic to being ram-shagged into a Zimbabwean Utopia. The paucity of rioters and the channeling of them by law enforcement at Wall Street at the weekend and today seems to me to confirm that. I think the thing to watch is the push to get this miscreant off the campaign trail and into obscurity.


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