The Real Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More


 

By Jim Campbell, Citizen Journalist and patriot.

I’m continually amazed as the progressive/socialists/Marxist’s are attempting to destroy our country economically and militarily they are incapable of comprehending one conclusive fact. 

No country in the history of  the world has done so yet the continue to try. Of course when you are the party of woe, as in woeful economic policies, foreign policy, failed feel good programs, the result is the socialist tactic of demonizing wealth, and the so-called rich, when that fails they trot out the race card.

The path to reelection and prosperity is so simple.  Taxes need not be raised, the number of those paying taxes get’s the job done historically.  Progressive policy on taxation drives the private sector economy out-of-state seeking tax friendly and non-union states or out of the country completely.

It’s not that they don’t understand this, they are zealots, as ideologues their goal isn’t prosperity but shared misery like we see in the nations collapsing in Western Europe….

Progressives in their complete ignorance about wealth creation believe that wealth is a zero sum game meaning for example, using a pie if I get a big share then there is less for others.  Tell that to entrepreneurs like the late Steve Jobs or Bill Gates that wealth is a zero sum game.

Think about it, How many new tax payers have the late Steve Jobs and Mr. Gates created?  If you want to great and environment conducive for job creation it’s simple, lower taxes.

 


For the record, Microsoft and Apple have their innovations made overseas usually in China?  Why having the highest corporate income tax rate on corporations at 39.3% is a major incentive to leave to become more profitable. But wait you say, they just build that tax into the price of their products and in most cases they certainly do. 

Therefore the consumer pays more, and has less income to buy other goods and services which in turn would have helped create more new jobs.  So the beat goes on and the economy falters when progressives run the show.

That’s my story and I’m sticking to it, I’m J.C. and I approve this message.

According to the Wall Street Journal among many others, it’s an absolute myth that the “wealthy” don’t pay their fair share.

That’s my story and I’m sticking to it, I’m J.C. and I approve this message. 

Andrew Breitbart’s Big Government

A year ago, President Barack Obama called Republicans “hostage takers” for staying true to their mandate and refusing to agree to tax hikes as part of the debt ceiling deal. Now, the Washington Post reports that Democrats are explicitly threatening to allow “nearly $600 billion worth of tax hikes and spending cuts”–otherwise known as “Taxmageddon“–in January unless Republicans agree to raise taxes on the highest earners. It’s the clearest sign of which party is, in fact, the most extreme–and the most willing to put party ahead of country. (Entire article below)

“Taxmageddon” marks the expiration date of the Bush tax cuts, as well as the end of the payroll tax holiday. It is so dramatic that it risks plunging the economy definitively back into deep recession. Democrats, including the president, have campaigned against the Bush tax cuts for more than a decade, but have never had the political will–not even with full control of both houses of Congress and the White House–to repeal them. They settled for letting the tax cuts expire for “the rich” alone, but could not agree on the definition of “rich,” with President Obama targeting households earning more than $250,000, and Senate Democrats pushing for $1 million.

Now, with the presidential election looming, and President Obama insisting on his $250,000 definition, Senate Democrats have relented–though not to the extent of allowing an actual vote on the proposal. The proposal would not raise anywhere near enough money to cover the budget deficit in a single year. And though the president once warned against raising taxes on anyone during economic hard times, he is using his class warfare tactics to propel his lackluster campaign.

Last year, when Democrats began using terms like “hostage takers” and “terrorists” to describe the new Tea Party and the Republican majority in the House of Representatives, the media gave them a pass–despite the obvious violation of the new “civility” for which President Obama had called at the beginning of 2011. Today, it is absolutely clear who is holding the country hostage–and why.

 

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One response to “The Real Hostage Takers: Democrats Threaten Taxmageddon for All Unless Rich Pay More

  1. If spending keeps getting slower and ppl lose there jobs we will be glad that we have Senior Citizens and Rich ppl to keep some buying going on… Obama took billions out of the Medicare with out telling anyone and no one did a dama thing about it..The Rebubs are worthless and lacks guts to stand up to Obama… We have to many Rebubs RINOS and it time to get them out.. they are gutless and no good to any one..

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