The Government is not God. We Need Economics not Ideology to Solve Our Problems


Anybody who believes that the federal government can continuously add programs and control its spending by taxing the rich can be conned into believing that the government is God.

-UPDATE-

“Now we learn that the Buffett tax the Senate is expected to vote on early next week will make the deficit worse. That’s because both Mr. Obama and Senate Democrats have made it clear that their new “fairness” tax is to offset the revenue loss from another provision related to the Alternative Minimum Tax.

That measure would exempt more than 20 million middle class Americans with incomes as low as $80,000 a year from getting nailed by the AMT. This year’s Obama budget clearly describes their intent: “The Buffett Rule should replace the Alternative Minimum Tax, which now burdens middle-class Americans rather than stopping the richest Americans from paying too little as was originally intended.”

The Joint Tax Committee—the official scoring referee on tax bills—calculates that the combination of AMT repeal for the middle class and the Buffett tax would add $793.3 billion to the debt over the next decade. As Mr. Obama has said, “This isn’t politics, this is math.”
READ MORE HERE

About these ads
Categories: Economics, Politics | Tags: , , , , , | Leave a comment

Post navigation

Be respecful or your comment will be deleted. Also know that Alinsky tactics do not phase me

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com. The Adventure Journal Theme.

Follow

Get every new post delivered to your Inbox.

Join 42 other followers

%d bloggers like this: