It would appear that Barack O-bow-ma has plans in place to begin the systematic sequestering of the necessary revenues in order to pay for his historic “hope and change”. For the Red Staters, this is translated from the liberal obfuscation to “the stealth mode targeted tax increases on the middle class are being arranged as the money is needed to reward the liberal base of unproductive siphons and limousine liberals who donated to his campaign”..
If you didn’t read the Reuters article relative to this topic this morning, you are too late to do so now. The article has been “withdrawn”. Is it possible that all of the promises of “transparency” were just the necessary diversions needed in order to attain higher office? Why would such an article be “withdrawn” and who made the mystery call to Reuters? To paraphrase the progressive parasites when they were puling back in 2007, “I want to know what Obama knew and when he knew it..” It’s alright, the early bird got the story and now we can go about getting the worm..
The article entitled, “Backdoor taxes to hit middle class” flatly says what all of the sixty million Americans know who DIDN’T fall for the idiotic commercials with their tinkly pianos and their licentious black/back stories that would have made the Brothers Grimm proud back in 2008.. “The Obama’s administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families..” Just a few points, if I may..
With that as the opening salvo of this article, it is no wonder that Blathering Bobby Gibbs or another of the Obama oligarchs demanded that this article be lifted and shelved.. All of this “backdoor” talk has Backdoor Barney Frank changing into his favorite Bolshevik bloomers in hopes of attracting yet another life partner.. It is imperative that you find the operative word within the first line of the article.. “Relies”. When it comes to Obama and taxes, he lies and then he relies and then he relies again..
Obama, as the perfect representative of the liberal belly crawler, doesn’t have the courage of his convictions to come right out and raise taxes on the very same people that he is going to ask to vote more “liberal tax and spenders” into Congress in November.. Now is the time to resort to chicanery, hijinks and cloak and dagger communism.. Socialist subterfuge.. The article calls it “stealth” and “backdoor taxes”.. The cat is out of the bag.. The jig is up.. The penny has dropped..
“The White House wants to let billions of dollars in tax breaks expire by the end of the year-effectively a tax hike by stealth..” Remember that Obama has said that he was “busy doing stuff” which was another of the lame liberal lies that he has trotted out when caught in a mistake before. Not only will he say that was he “too busy doing stuff” to notice this expiration date, now he can say that he “inherited” this tax increase as Bush should have made the timetable for the expiration of the tax breaks several years later! Ahhh yes, the “progressive pattern of perjury and prevarication”..
The provisions of the “Economic Growth and Tax Relief Reconciliation Act of 2001” will unceremoniously expire on December 31st of this year if Obama is still “busy doing stuff”.. The top tier tax rate will go from 35% to 39.6%. The 25% rate will revert back to 28%, the 28% bracket will return to 31% and the 33 percenters will be increased to 36%. Have no fear my friends, Obama WILL cut taxes relative to all of this. He is going to take the ONLY taxes paid by the liberal base of mendicants, which was a measly ten percent and make it disappear.. “The special 10 percent bracket is eliminated..” Certainly giving a tax break to the liberal base of unproductive breeders will “stimulate” the economy..
The economy is in a shambles because of Obama, his deficit and the fine works of the Demokratic House and Senate that has been in place since 2006. Investment is the only way out of the Obama Depression but here is the Obama plan.. “Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital gains tax increasing to 20 percent from 15 percent.” The estate tax will re-appear in 2011 and “there has been talk about reinstating the death tax sooner..” Raise taxes, discourage investments and reward the sloth of the permanent underclass who produce nothing but more leeches and siphons..
At the heart of the Obama TAX INCREASE is the warping of the AMT, or the “Alternative Minimum Tax”. Here is yet another stealthy move to raise taxes without taking the credit..
The AMT was originally created in 1969 and was intended to punish 155 high income homes that had used so many of the tax benefits that they paid little or no taxes whatsoever. These same “tax benefits” are utilized by the liberals like Pelosi, Reid and Obama, but that is a different story.. The AMT has not been adjusted for inflation, which has created a “bracket creep” which is being utilized by the bracket creeps in the Obama administration to subtly penalize the middle class. “Class envy”, being one of the driving farces behind liberalism, empowers and enables their ambivalence towards rectifying the AMT penalty being shouldered by the middle class. Besides, they are just addicted to the idea of spending other people’s money..
Taking a page from the Clinton “tax the rich” nonsense of the nineties, “the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). The tax will hit American families that can hardly be considered wealthy..” When the liberals are the ones doing the “considering”, you will be amazed as to who will be considered to be “rich”.. When it comes to stealing taxes, the liberals consider a galvanized pool in the backyards of West Virginia to be the equivalent of an in ground pool in Beverly Hills..
Taxes will be raised by eliminating deductions for state sales tax payments, a $250 teacher tax credit for classroom supplies, the tax deduction for up to $4,000.00 in college tuition and expenses, the standard deduction for up to $1,000.00 in property taxes and on and on and on.. Obama even wants the first $2,400.00 in unemployment benefits taxed.. No matter, the liberal base has never worked so they aren’t eligible for any unemployment compensation..
Beyond all of the wild and idiotic promises of “stimulus” packages and “bailouts”, there are other reasons for this mandatory theft from the middle class. The Washington Times reports one of those reasons in, “Largest ever federal payroll to hit 2.15 million”..
The only jobs apparently available are the ones working for the Obama machine taking monies forcibly from the middle class and then benevolently redistributing it to the nation’s unproductive. When the Republicans FORCED the liberal lecher to declare that “the era of big government is over”, little did they know that it would be replaced with the “era of oh-my-God sized government”.. Trivia question: what “cause” has Obama’s wife taken on in her capacity as the nation’s most invisible first lady ever? Obesity.. She needn’t look any farther than down the hall because the obesity in Washington will certainly be known as this “nation’s number one killer”..
“The expansion could provide more ammunition to those arguing that the government is trying to do too much..” No, not quite.. The liberal government of Demokratik deficits and Obama unemployment and “backdoor taxes” is actually doing too little with too much taken from the productive..