Somehow Obama Left This Out of the State of the Unicorn and Rainbow Address…Hmm…Go Figure That!



Repubx | Obama budget would impose host of tax increases:

After listening to the unsettling State of the Unicorn and Rainbow Address, Obambam has flim-flammed us yet once again. All that talk about a “budget freeze” and getting our “gubmint” budget under control…except, that is, for medicare, social security, military, uhhh…we-e-eell…heck…he did exclude most everything from the freeze didn’t he. Anyway back on subject, after all that communion with the ol’ teleprompters, he slips us the big one. So go ahead, pull up yer britches and rest whilst there is time. Why, you say and I say back, ’cause…Obambam is coming back for more and he wants you to ENJOY it. Just released Monday:

“The budget proposal would extend Obama’s signature Making Work Pay tax credit — $400 for individuals, $800 for a couple filing jointly — through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000 by not renewing tax cuts enacted under former President George W. Bush. Obama would extend Bush-era tax cuts for families and individuals making less.”

Thanks to www.repubx.com for this listing, and I quote, “some of Obama’s other tax proposals are:

-Raise the top two income tax rates for individuals, from 33 percent and 35 percent, to 36 percent and 39.6 percent, respectively. Unless Congress intervenes, those rates will rise next Jan. 1 when Bush’s tax cuts expire. That government would reap $365 billion over the next decade.

-Limit the itemized tax deductions high earners can claim for charitable donations, mortgage interest and state and local taxes, raising about $210 billion for the next decade.

-Increase the top capital gains tax rate from 15 percent to 20 percent for families making more than $250,000 a year and individuals making more than $200,000. The proposal would raise about $105 billion.

-Impose a “financial crisis responsibility fee” on large financial institutions, raising $90 billion over the next decade.

-Restrict the ability of international companies to defer taxes on profits made overseas, raising about $26 billion over the next decade.

-Impose a total of about $39 billion in tax increases on oil, gas and coal companies over the next decade.

-Change the way profits made by investment fund managers are taxed, raising an additional $24 billion over the next decade.”

Lord have mercy on us, but I didn’t hear not nuthin ’bout this stuff whilst Obambam was on the TeeVee. Maybe I need to get my ears warshed out or let the old man check’em.

There is one thing I know for sure. All these new taxes kinda makes a body look forward to the death tax now don’t it. Oh yeah, Obambam wants you to take it, pay for it…and he wants you to like it, and I mean but good. And, might I suggest…now would be a good time to…you know…go smoke a cigarette…if it is still legal in your state….


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