Obama and the Party of Treason have their revenge planned for us. It will be their revenge for voting them out of office or their revenge for Americans voting them back into office.
What is it?
It is the greatest tax increase, if not in history, at least in recent history. Some are calling it “taxageddon” and it will be a weapon of mass destruction to the economy.
From the Daily Caller:
It will be up to Washington to save the country from what the Washington Post has dubbed “Taxmageddon” — the looming tax increase set to hit Americans on Jan. 1.
Curtis Dubay, a senior analyst in Tax Policy at the Heritage Foundation, has chronicled the taxes set to hit if Congress and the administration do not make adjustments.
According to Dubay, Americans will see a $494 billion tax increase at the beginning of 2013.
“[The tax increase] is hitting because of expiring tax policies and the beginning of five taxes in Obamacare,” Dubay told The Daily Caller.
Dubay’s study of the looming $494 billion tax increase highlights the policies set to expire. These include the Bush tax cuts, the payroll tax cut, the Alternative Minimum Tax (AMT) patch, the tax cuts in the 2009 stimulus, tax extenders, the estate tax adjustment, and 100 percent business investment expensing.
Additionally, Durbay points out, that five of the eighteen tax increases in Obamacare will begin next year.
“Seventy percent of the tax hike falls directly on middle and low income families,” Dubay said. “That might surprise some people because you’ve heard for the last 12 years that the Bush tax cuts were just tax cuts for the rich, which is simply not true.”
“Sixty percent of the tax cuts in the Bush tax cuts are direct cuts for middle and low income families,” he explained. “The payroll tax cut is a middle and low income family tax cut, and the AMT patch, the whole purpose of it is to prevent a tax hike on middle and low income families. So when you add it all up 70 percent of that [nearly] $500 billion figure is a direct tax increase on middle and low income families.”
Dubay added that the increases are just a part of the cost set to result if Congress and the administration do not deal with the coming changes.
Does anyone really believe Congress, Obama or even Romney is going to cut our taxes? The only way this is going to happen is if we have a conservative congress and at least Romney in the Oval Office with the hopes that he will not veto tax cuts.
If Obama is reelected, so he is a lame duck, he will not care. He will veto tax cuts because he believes not only are we not paying enough in taxes but that America is too wealthy and our economy needs to be taken down.
This is coming.
Either we act now to stop it or see a weapon of economic mass destruction unleashed on the American people.
Tags: hikes, obama, obamanomics, tax, taxageddon
Permalink Reply by DannyCurtis(Conservative Comedy) on I agree and that is why we should post this message over and over again. Let those in power who can do something about it be prepared to do something about it. Perhaps they can thwart his "scorched earth" by raining (yellow rain that is) on his parade.
Permalink Reply by Dale Miller on Amen to that!
Permalink Reply by Rich Knoch on This is why obama and his minions are scurrying around so fast to get the Buffet Tax passed. They need to show the rich are paying their Fair Share. Democrats prove they are mathematically challenged all the time☺
http://www.washingtonpost.com/business/top-earners-pay-higher-tax-r...
The pesky FACTS are the Buffet Tax raises less than $5 Billion annually which is about 1/2 days spending by the obama regime or only about 10% of the tax increase. His regime has trouble telling lies . . . of course they can't tell the truth.
We have approximately 50 million 'taxpayers' who don't pay taxes and a simple tax on these folks of $100 a year ($9 a month) would raise the same $5 Billion.
This is how irrational this regime has become . . . . . our Founders warned us of this!
Throw out RINO's and Democrats, locally, statewide and in Washington, deCeit, November 6th!
Permalink Reply by Debrajoe Smith-Beatty on OK. This takes the cake!!! OUR Congress.......well it is really the Communist branch of our Congress..... has a house resolution to honor TRAYVON MARTIN!!! These people really should be ashamed. But of course they are not and of course the rest of Congress will lick their boots in fear of being called racist. Well what about honoring the girl and guy that were tortured and raped to death by Black racists, what about the many people that have been robbed, raped and murdered by blacks. How about honoring them. No they honor a black street thug. See attached!!
Permalink Reply by Ronald Sorrells on Permalink Reply by Debrajoe Smith-Beatty on Yep!
Permalink Reply by Debrajoe Smith-Beatty on Stand Your Ground law, and admonishing
involved parties to pursue full investigations into all homicides, regardless
of defenses asserted by the offender.
IN THE HOUSE OF REPRESENTATIVES
M
ARCH 30, 2012
Mr. C
LEAVER (for himself, Ms. BROWN of Florida, Mr. HASTINGS of Florida,
and Ms. W
ILSON of Florida) submitted the following resolution; which
was referred to the Committee on the Judiciary
RESOLUTION
Honoring the life of 17-year-old, Trayvon Martin, urging
the State of Florida and others to repeal the Stand
Your Ground law, and admonishing involved parties to
pursue full investigations into all homicides, regardless
of defenses asserted by the offender.
Whereas on February 26, 2012, Trayvon Martin, an African-
American youth, was horrifically shot and killed while
walking from his local 7-Eleven in Sanford, Florida, because
he was viewed as ‘‘suspicious’’ by George Zimmerman;
Whereas Zimmerman, a self-appointed, untrained neighborhood
watch volunteer, admitted to police that he shot
Martin in the chest;
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2
•
HRES 612 IH
Whereas Zimmerman raised a ‘‘self-defense’’ claim and Martin,
as the deceased victim, was unable to rebut such
claim;
Whereas Zimmerman was never charged for the crime and
was released by the Sanford Police Department soon
thereafter;
Whereas despite the numerous pieces of evidence, including
a 911 call made by Zimmerman, Martin’s final phone
conversation which occurred during the course of the
crime, the numerous calls made to 911 by nearby neighbors
who heard the incident, and Zimmerman’s troubling
legal history, the Sanford Police claimed they did not
have enough evidence to detain Zimmerman and subsequently
released him;
Whereas Zimmerman’s unfounded assumptions and racial
bias led to the use of deadly force;
Whereas a month after the crime, Zimmerman remains free
and still bears a concealed weapons permit and the legal
right to carry a gun;
Whereas Trayvon Martin’s brutal death and the inconceivable
fact that his killer remains free should not be ignored;
Whereas the Sanford Police Department and its Chief, who
is on temporary administrative leave while the case is
being investigated, have faced a firestorm of criticism
over the handling of the shooting;
Whereas this case sets a horrific precedent of vigilante justice
and compromises the integrity of the legal system;
Whereas the Department of Justice will investigate all facts
and circumstances leading to Trayvon Martin’s death and
consider Federal criminal prosecution of George Zimmerman
based on Federal civil rights statutes;
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HRES 612 IH
Whereas over 2,000,000 signatures have been collected on an
online petition demanding Zimmerman’s arrest and justice
for Martin’s family;
Whereas Florida’s Stand Your Ground law has been criticized
by both the legal and law enforcement communities;
Whereas 21 States have passed and implemented Stand Your
Ground laws;
Whereas Stand Your Ground laws dramatically and recklessly
expand the right of citizens to use deadly force in selfdefense,
and have been the subject of national scrutiny
in the wake of Trayvon Martin’s death;
Whereas the Stand Your Ground laws were drafted by organizations,
corporations, and individuals that ignored advice
from experts explaining that such laws would compromise
public safety, disproportionately impact communities
of color, and would result in offenders circumventing
prosecution;
Whereas an attempted expansion of the Stand Your Ground
laws doctrine has resulted in the collaboration of the National
Rifle Association (NRA) and the American Legislative
Exchange Council (ALEC), which promotes conservative
public policy by affecting change in State legislatures;
Whereas ALEC drafts model legislation for its members to
champion and advance in their home States;
Whereas ALEC used Florida’s Stand Your Ground law as a
template in its push to broaden the Castle Doctrine nationwide;
and
Whereas the 2005 passage of Florida’s Stand Your Ground
law resulted in similar statutes being passed in 16 other
States: Now, therefore, be it
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HRES 612 IH
1
Resolved, That the House of Representatives—
2
(1) admonishes any State, local agency, or offi3
cial acting to obstruct an open investigation or fail
4
ing to fully execute their official duties in the inves
5
tigation of the events surrounding the death of
6
Trayvon Martin;
7
(2) condemns all relevant parties for their roles
8
in proposing Stand Your Ground legislation and
9
similar legislation that compromises public safety
10
and the integrity of the prosecutorial system;
11
(3) condemns unfounded reliance on Stand
12
Your Ground laws to protect actions that extend far
13
beyond historical use of self-defense;
14
(4) urges any State legislature considering
15
Stand Your Ground legislation to reject such pro16
posals; and
17
(5) urges the repeal of the Stand Your Ground
18
law in every applicable State, including Florida.
Permalink Reply by Ronald Sorrells on Permalink Reply by Debrajoe Smith-Beatty on Thanks Ron.
Permalink Reply by Richard Banko on people believe obummer because they're like sheep being led to slaughter - most of them have no idea what's goiing on - they just listen to his fancy rhetoric not knowing that he can't open his mouth without lying - he wouldn't know the truth if it hit him right between the eyes
Permalink Reply by Richard Curtis on Buffet Rule would not pay for 3 GSA parties/year
Permalink Reply by Walter Bowen on Prez bam is wanting to take us back before thje modern era via the "Dredd Scott ObamaCare Deciscion" he so direly wants SCOTUS to Uphold! Do you Know a Spanish Buddie of obozo just baught the company that makes voting machines in many, many states and will handle overseas voting via the internet! this company reviews all votes before being returned to the states with no records for verifiing vote! hold onto your shorts because you will lose them! if you can read this over your "throne" the votes will be tallied in "Spain" by his Socialist Buddie!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This cannot be alloowed to stand!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
© 2013 Created by Judson Phillips.
