The big government policies of the Obama Administration and Congress have virtually bankrupted our treasury, and yet they still don’t seem to get it! Our leaders have prioritized monumental spending legislation involving health care “reform” and unprecedented financial regulation, but they continue to delay action on the expiring 2001 and 2003 tax cuts – a relief package that provides Americans with some element of hope in an otherwise abysmal economy.
If you don’t want to see your bill increase by roughly $1,540 each year (or potentially much more!), you must contact your Representative today! Click Here to tell them to support an extension of all current tax rates.
If Congress fails to act, the 2001 and 2003 taxpayer relief laws will automatically expire at the end of the year. The 10 percent bracket will disappear, the three middle tax brackets will rise by three percentage points, the top marginal income tax rate will rise from 35 percent to 39.6 percent, the capital gains and dividend taxes will rise from top rates of 15 percent each to 20 percent and 39.6 percent, and the death tax (non-existent for 2010) will jump back to a 55 percent rate and $1 million exemption.
In short, these tax cuts benefit all Americans, not a select few, and their expiration would generate an anti-stimulus that severely hurts families, businesses, and any prospects for economic recovery. In fact, NTU recently led an open letter to Congress, signed by 313 economists from across the nation, advocating an extension of all current tax rates on income and investments. There is simply no other option if we are to shrink unemployment and bounce back from the prevailing fiscal crisis.
Raising taxes is never wise policy, but it would be fiscally suicidal in this economy.
If you don't want to see your tax bill increase, contact your representative? Yeah right, that's sure to work!
ReplyDelete"Our" representives only care about the entitlement bottom feeders, who want more and are given more, in exchange for a vote.
It's all about controlling the lower income/no income people who seem to be so dumb they either don't care or choose to not care.
9:29 is absolutely right. When you contact your so-called "representative", all you get is a form letter explaining that while they appreciate your input, they are smarter than you and know what is best and are going to do what they want in spite of what the people think. The ONLY solution is to throw them all out and start over.
ReplyDelete9:29-Couldn't have said it better myself!
ReplyDeleteMan I hope those rich folks can afford their taxes going up from 35 to 39 percent. Personally if I made over $250k every year I'd wake up every day thankful for every luxury I had in life. You older folks remember the 70's when tax rates were in the 70% range for the rich, these guys have it good nowadays.
ReplyDeleteThis morning I heard Krativol being interviewed on wico radio...cat country. He tried to explain how the 23% tax rate would be bad for us. It was explained that we are now at 22% tax rated. It wounds reasonable if a millionair purchased a yacht he would pay taxes on it..If me a renter with less money purchaed a fishing pole I would pay the tax on it. Pay as you go or what your purchase....sounds fair to me...This is what randy harris is trying to explain to the people.
ReplyDelete1:04-Remember, the top 20% pay 80% of all federal taxes. The bottom 47% pay 0% of all federal taxes.
ReplyDeleteYes 717 and the Forbes top 400 people made 1.37 trillion dollars last year. Thats less people than are in most grocery stores at a given time having 1,370 billion or 1,370,000 million. can you wrap your head around how much money that is? I think higher taxes should not bother them much.
ReplyDeleteThank you 7:17 PM for reminding people how much the top money people pay. Why can't people see this??!? People like YOU 1:23 am!!!!! DUH!!!!!!!!!!
ReplyDelete