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Fighting against the upcoming Obama Tax Hikes

Posted 30 Sep 2010 in Barack Obama, Democrats, economy, Republicans, taxes

***Scroll down for updates***

“The only difference between death & taxes is that death doesn’t get worse every time Congress meets.”
~Will Rogers

Not surprisingly, Speaker Nancy Pelosi (D-CA) adjourned the House of Representatives at twenty minutes after midnight without voting on the Bush Tax Cuts which are set to expire at the end of this year. Ignoring this impending deadline is effectively advocating for Obama Tax Hikes on every American, a fact which was not lost on 39 Democrats who defied Pelosi and voted with Republicans to keep the House in session so they could do their jobs and vote on the issue.

But Nancy Pelosi, who realizes how badly Democrats are about to get spanked for their abysmal job performance over the past four years, would have none of it.

Speaker Pelosi, who rarely votes on day-to-day legislation, was forced to cast the tie breaking vote (210-209) on the adjournment resolution.
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House Democrats are not the only ones willing to fight the Obama tax hikes. Yesterday, Sen. Ben Nelson (D-NE) explained to an audience at The Heritage Foundation why he was in favor of not raising any taxes until the economy shows stronger signs of recovery:

“In my view, raising anyone’s taxes, given our fragile economy would be a move in the wrong direction. Nebraskans I represent tell me they feel a lot of uncertainty about the future. Nebraska business owners do to. The possibility of tax increases is just one more reason that companies at home and across the country are holding on to cash and are hesitant to invest in new equipment, new production and new employees.”

Sen. Nelson’s speech yesterday was hosted by The Heritage Foundation’s Center for Data Analysis Director Bill Beach, whose recent study, Obama Tax Hikes: The Economic and Fiscal Effects, found that the Obama tax hikes would:

  • Destroy an average of 693,000 jobs every year through 2020.

  • Drain $726 billion from disposable income, $38 billion from personal savings and $33 billion from business investments.

  • Raise taxes on the 55% of all joint filers earning more than $250,000 who run small businesses that employ others.
  • Cost the average non-farm small-business owner $3,500 more in taxes.

  • Cost the 49% of all seniors with income below $250,000 $525 in additional dividend taxes.

  • Cost the 25% all seniors with income below $250,000 $742 in higher taxes.

The CDA is not alone in their verdict. A recent CNN survey of economists found that the most important thing Congress can do to help the economy is stop the Obama tax hikes. But now, thanks to the current majority in Congress, that will not happen.

All the more reason to vote the Democrats OUT in November. In just four years, their policies have wrecked the American economy even worse than anyone had predicted. Just because they’re now running away from their record of failure is no reason to allow them to continue their folly.

(Source: Washington Post & Congressional Budget Office)

President Bush and the Democrat Congress racked up a whopping $400 billion deficit in his last year. But President Obama and the Democrat Congress have nearly quadrupled that deficit to $1.5 trillion! Can you imagine what would happen if a private sector CEO put his company on the verge of bankruptcy in just one year and then blamed it all on the previous CEO?


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UPDATE: Clearly, the reason our elected representatives couldn’t vote on extending the Bush Tax Cuts (or protecting our borders, or balancing the budget, etc.) is because they’ve been so busy crafting vital legislation to regulate TV commercial volume. Yes, seriously.

Legislation to turn down the volume on those loud TV commercials that send couch potatoes diving for their remote controls looks like it’ll soon become law.

The Senate unanimously passed a bill late Wednesday to require television stations and cable companies to keep commercials at the same volume as the programs they interrupt.

The House has passed similar legislation. Before it can become law, minor differences between the two versions have to be worked out when Congress returns to Washington after the Nov. 2 election.
[...]
Managing the transition between programs and ads without spoiling the artistic intent of the producers poses technical challenges and may require TV broadcasters to purchase new equipment. To address the issue, an industry organization recently produced guidelines on how to process, measure and transmit audio in a uniform way.

The legislation, sponsored by Sen. Sheldon Whitehouse, D-R.I., requires the FCC to adopt those recommendations as regulations within a year and begin enforcing them a year later. Rep. Anna Eshoo, D-Calif., is the driving force behind the bill in the House.

More government intervention into private industry, courtesy of the Democrat party. Thanks a pantload.

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

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