Monday, May 18, 2009
Obama And Liberals In Congress Want Marriage Penalty Tax!
ObamaNation piece by
Gordon Bishop
By repealing President Bush’s tax cuts of 2001 and 2003, President Obama and the liberals in Congress would reinstate the Marriage Penalty that forces married couples to pay higher taxes than single taxpayers.
The Heritage Foundation, a conservative ‘think tank,’ estimates the Marriage Penalty would cost 100 million Americans an average tax hike of $1,716.
Doesn’t President Barack Obama know that America is in a deep recession, bordering on a doomed depression the likes of which we’ve not seen since the 1930s “Great Depression?”
Obama and his liberals who control the U.S. House of Repesentatives have talked about erasing the historic tax cuts enacted in 2001 and 2003 when President Bush was in charge of our country.
Although not a genuine conservative, Bush did not increase the federal debt to the unprecedented heights of the Obama Administration in its first 100 days in power.
Obama has committed some $12 trillion in loans in the coming years of his Far Left radical Administration.
That’s more debt—plus billions in interest fees—than all of America’s 43 Presidents before Obama, starting with George Washington, the “father” of this once great nation.
Allowing these tax cuts to expire as they are currently set to do would bring back the “Death Tax” on grieving families, which is supported by Obama, House Speaker Nancy Pelosi and liberals in Congress.
According to recent estimates, this would increase taxes by $91 billion.
The Heritage Foundation analysis shows that letting tax cuts expire could mean more than one million lost jobs and over $100 billion less in economic output, plus slower wage and salary growth for working families.
Heritage economists estimate that the “Death Tax” (Estate Tax) alone costs as many as 250,000 potential jobs each year.
The Obama Administration and the liberals who are in charge of Congress are launching a “relentless crusade to kill off these cuts and call supporters of tax relief as ‘unAmerican,’ ‘’ according to Heritage President, Edwin J. Feulner, PhD.
Speaker Pelosi from San Francisco—one of the most powerful and most liberal members of Congress—has claimed that relief “does great damage to our country,” and that tax cuts are “fiscally reckless” and “morally irresponsible”—despite the fact that more 8 million jobs were created after the 2003 tax cuts.
These Marxist liberals want to “change” America into a Marxist State. We know that as Karl Marxist’s grand plan: “Retribution of Income.” That means workers all make the same amount of money.
Karl Marx is the same guy who founded the Communist Party when Russia emerged as a dictatorial state around the turn of the 20th century.
Marxism never worked in any country that adopted such an economic system. Just look at Russia, Cuba, Venezula, and other states run by mobsters or dictators. They don’t believe in Freedom or Liberty for the people!
Heritage (MyHeritage.org) has posted on its Website an easy-to-read Tax Scoreboard with the title BY THE NUMBERS: The Impact of Tax Increases. Here they are:
$2.4 Trillion: The overall tax increase faced by American families, seniors and businesses if current tax cuts expire.
$1.716: The average tax increase for over 100 million Americans if tax cuts are allowed to expire.
$2,034: The average tax increase that will hit 17 million seniors if the tax cuts of 2001 and 2003 are allowed to expire.
$3,637: The tax hike, on average that 26 million small business owners will be facing if tax cuts are allowed to expire.
8.3 Million: The number of jobs created after the tax cuts of 2003.
$91 Billion: The cost of reinstating the Death Tax.
$17.2 Billion: The amount spent in 2008 by Congress on frivolous “pork” projects that use taxpayer funds to reward local special interests and pressure groups.
44 Million: The number of married couples affected by the Marriage Penalty before it was reduced by President George W. Bush. These families will be hit hard once again if the Marriage Penalty is reinstated.
$1,480: The average cost in 2000 for couples punished by the Marriage Penalty.
Obama ran for president on a platform of HOPE and CHANGE.
The “Change” is historic, so to speak.
But is it good for America and Americans?
As for “Hope,” as they say, “Hope is an empty box.”
If America is to survive in the 21st century, we need another Ronald Reagan to make that happen.
Sadly, I do not see a real Ronald Reagan anywhere on the global horizon.
God Bless America!
Gordon Bishop
HowardWasRight 
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