Obama: U.S. Will Be Highest Taxed Country In The World
SELECT HERE NOW TO TELL CONGRESS
TO STOP OBAMA'S TAX HIKE SCHEME!
Our spender-in-chief is committing extortion right under our noses. Obama is pushing his plans to increase the payroll tax by 2.5%.That means the total tax rate would be raised to 47% making America the highest taxed country in the world!
The payroll tax affects every single American who gets up to go to work. Even though employers are responsible for collecting this tax, the tax is ultimately passed on to the employee. I guess Obama wants to make up for the tax revenue lost from the people he put out of work.
As "smart" as the Liberal elite think they are, raising taxes when the economy is in ruins and jobs are scarce is beyond idiotic. Contrary to what the Dems think, when employers are hit with Obama's payroll tax they won't jump for joy - they will begin laying people off because they can't afford the extra taxes. Obama seems to think you don't deserve to keep your money or your job.
Obama's power-abusing trip doesn't end there. Not satisfied with kicking regular Americans while they're down, he's also proposing a 62% tax rate for high income earners. Welcome back to the 1970s, where under Jimmy Carter the highest tax rate was at a whopping70%! Keep in mind Obama's tax hikes will be in addition to the upcoming tax increases that will take effect when the Bush tax cuts expire in 2012.
Progressives in Washington want to repeal the Bush tax cuts (tax breaks for people who make $250,000 or more.) On their campaign to gain support for axing the tax cuts, the Dems vilified the recipients characterizing them as "rich" and"undeserving of the money they earned." In reality, people who receive the Bush tax cuts are small businesses, married couples and JOB CREATORS.
The Democrats have a lot more up their sleeves. They've levied additional taxes on investment income and are pushing for more tax increases on capital gains. Apparently the3.8% ObamaCare investment tax wasn't enough. When will their taxation spree end? If the Dems succeed in repealing the Bush tax cuts, the capital gains tax rates will rise from 15% to 22%.
While most of us aren't lucky enough to be high earners, that doesn't mean we will be immune to Obama's frantic scramble to pay off the debt he created. Letting the Bush tax cuts expire and forcing the rich to dump more of their money in Obama's special interests piggy bank will kill any chance we have for an economic recovery.
Obama said that we need tax hikes to pay down the deficit. Wait - wasn't it Obama who is responsible for the biggest spending spree in history? I'd like to see Obama volunteer to give up his fortune to Uncle Sam. A tax hike will not help pay off our deficit, in fact, it won't even make a noticeable dent in the debt. I'm not sure why Obama and his buddies are spending all this time trying to figure out how to cut down the deficit when the answer is so simple - cut spending and stop the tax increases!
There it is -Obama and his cronies have shown they have NO interest in an economic recovery- they want to make tough times tougher!
THEY JUST DON'T GET IT -- but they WILL "get it," if the American people make their voices heard LOUD AND CLEAR again!
And that's just what we've set up our website to enable you to do! You can send Blast Faxes to EVERY SINGLE MEMBER of the U.S.Senate and House of Representatives, AT ONCE, telling them to stop Obama's tax hike plans - NOW!
NO MORE TAX INCREASES!
SELECT HERE NOW TO TELL CONGRESS TO
STOP OBAMA'S TAX HIKE SCHEME!
Be sure to MAKE YOUR VOICE HEARD TODAY! Thank you!
If you prefer to send a check, please mailto:
American Political Action Committee (AmeriPAC)
PO Box 1682
Bellevue, WA 98009-1682