Thursday, December 16, 2010

Do They Think We are That Dumb?

Do the Democrats really think we are that dumb?

We continue to hear about the compromise that “Cuts taxes for Millionaires.” Hmmm….

So…let me do some Democrat math here. $1,000,000 = $200,000. I know I went to a pretty good high school and a pretty good college. I’m not sure how someone making $200,000 is a millionaire.

Sorry to inform everyone, but there is only one tax cut in the entire compromise. It cuts taxes for Millionaires? No – it extends the current tax rate for everyone. It does not cut tax rates. But yet, they continue to harp that Millionaires and Billionaires are getting tax cuts. And now, the lefties in the House have delayed the bill.

Really? Do they not understand that by not voting passage of this bill, they will be raising taxes across the board? They will be denying unemployment benefits? Also, do they not understand that the Estate tax they are now whining about is actually an INCREASE over 2010? Remember, the estate tax is set at 0% for 2010 – this is an increase to 35%.

The only tax cut in the entire bill is the 2% reduction in the Social Security payroll withholdings. You currently pay 6.2%. If this goes through, you will pay 4.2% for one year. This will put dollars back in your pocket – and better than the “making work pay” credit that Obama and the Dems passed in the stimulus bill two years ago. That gave you less money in your paycheck ($8 per week average) and it affected your tax return. This will give you more in your pocket – and won’t affect your tax return. Keep in mind that the Making Work Pay credit will expire on 12/31.

I’m not a fan of the bill tossing in all of these other subsidies that aren’t paid for. I am somewhat a fan of the Unemployment extension – even though I don’t believe this is the best stimulus for the economy as Pelosi states (you get $2 per $1 invested…hell, we should make everyone unemployed and double our money!) But I think that the federal extensions should come with strings. You get your 26 weeks of state unemployment. On week 27, you are required to perform 4 hours of community service. This increases by ½ hour a week for the next 72 weeks. Then it’s over. By the end of the 99 weeks, we would have volunteers in our community working 40 hour weeks to earn their unemployment checks. I’m sure the community organizer in the White House who encouraged all Americans to give back to the community would support this.

http://change.gov/americaserves/

He calls on High School and College – why not the unemployed?
Overall, pass the bill. It’s not perfect from any side of the aisle – but this is how compromise works. We get a little, you get a little. Neither of us fully likes it, but it’s the best for both sides.

Apparently, that’s not how it works in Washington.

My daughter just told me a great joke:

If Pro is the opposite of Con, what is the opposite of Progress?

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2 Comments:

Anonymous tom said...

While we are adding strings to the tax break lets add them to the so call wealthy people who are supposed to "again" create all these jobs.
At the end of each of the next two years inventory the jobs created. Include hourly income level, and other compensation packages offered.

January 03, 2011 5:57 AM  
Anonymous Anonymous said...

No,just you.

May 12, 2011 12:54 PM  

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