Ok, let's review. Barak Obama promises that anyone earning under $200K will get a tax 'credit' and that people earning between $200-$250K will see no increase in their taxes. He refers to that as 95% of the country. Fine. I see nothing wrong with people keeping more of their money.
Obama also promises to raise taxes on everyone earning over $250K per year, the remaining so called '5%'. That includes everyone from small business owners to large corporations. In case you're not aware, these are the people who sign the paychecks for 95% of Americans.
While our country is seeing growing unemployment rates with record numbers of bankruptcies and layoffs, how exactly will raising the taxes of the people who employ 95% of Americans going to help the situation? Americans who have bought into the idea that they will be better off with Obama's tax credit plan have not taken into consideration the bigger picture. What good will an extra one or 2 thousand dollars be in your pocket if you don't have a job or can't afford to buy things you want? Who do you think pays when corporate taxes go up?
At 39.3%, US Businesses pay the 2nd highest corporate tax rates in the world. Globally, the average corporate tax rates have fallen for 17 consecutive years while the US has remained the same. In fact, US Corporate taxes are 50% higher than the global average. (http://www.taxfoundation.org/publications/show/23470.html) Those evil, rich, and successful top 5%-ers that keep 95% of Americans employed are already paying over 50% of taxes collected by the Federal Government. People who whine about "tax cuts for the rich" and "corporate tax breaks" have been brainwashed by the MSM to think that success is a bad thing. Typically, these same people are conditioned to be angered by news of American oil companies earning record profits. People need to learn and understand why corporate success is good for our country and that the more money corporations make, the more people they can afford to hire, and the less expensive their goods and services will be.
Many seem to think there's no way out of our current economic problems unless we raise taxes somewhere, somehow. This is not so. Instead of taking more money away from hard working Americans, why not take away some money from our government that is not using it effectively. Big and ineffective government is part of the reason we're in the mess we're in right now. GWB did not help. Why make the problem worse by making the government even bigger?
Obama also promises to raise taxes on everyone earning over $250K per year, the remaining so called '5%'. That includes everyone from small business owners to large corporations. In case you're not aware, these are the people who sign the paychecks for 95% of Americans.
While our country is seeing growing unemployment rates with record numbers of bankruptcies and layoffs, how exactly will raising the taxes of the people who employ 95% of Americans going to help the situation? Americans who have bought into the idea that they will be better off with Obama's tax credit plan have not taken into consideration the bigger picture. What good will an extra one or 2 thousand dollars be in your pocket if you don't have a job or can't afford to buy things you want? Who do you think pays when corporate taxes go up?
At 39.3%, US Businesses pay the 2nd highest corporate tax rates in the world. Globally, the average corporate tax rates have fallen for 17 consecutive years while the US has remained the same. In fact, US Corporate taxes are 50% higher than the global average. (http://www.taxfoundation.org/publications/show/23470.html) Those evil, rich, and successful top 5%-ers that keep 95% of Americans employed are already paying over 50% of taxes collected by the Federal Government. People who whine about "tax cuts for the rich" and "corporate tax breaks" have been brainwashed by the MSM to think that success is a bad thing. Typically, these same people are conditioned to be angered by news of American oil companies earning record profits. People need to learn and understand why corporate success is good for our country and that the more money corporations make, the more people they can afford to hire, and the less expensive their goods and services will be.
Many seem to think there's no way out of our current economic problems unless we raise taxes somewhere, somehow. This is not so. Instead of taking more money away from hard working Americans, why not take away some money from our government that is not using it effectively. Big and ineffective government is part of the reason we're in the mess we're in right now. GWB did not help. Why make the problem worse by making the government even bigger?
And on a side note... (but still relevant to this topic)
Obama will very likely also be raising gasoline taxes to help cover the cost of all his new spending programs. To prepare us all for it, the MSM is already devising a way to spin the story and make us all feel good about paying more in taxes. By setting out to make us feel and look like gluttonous gas guzzling pigs who seek nothing but excuses to drive excessively and pollute the environment, they welcome the benefits on society that an increase in gas taxes will bring. Read the story here:
"Taxing our gas guzzling relapse - As gas prices fall, Americans seem to be using relief at the pump as an excuse to drive more. Could a gas tax bring unexpected benefits?"
(How's that for spin?)
No comments:
Post a Comment