Great Quotes

To be prepared for war is one of the most effectual means of preserving peace.
(George Washington)


Patriotism is supporting your country all the time, and your government when it deserves it.
(Mark Twain)


All discoveries are made, and all errors corrected by those who ignore the climate of opinion.
(C.S. Lewis)


Those people who think they know everything are a great annoyance to those of us who do.
(Isaac Asimov)


Government is not the solution to our problem. Government is the problem.
(Ronald Reagan)


You know why there's a Second Amendment? In case the government fails to follow the first one.
(Rush Limbaugh)

Monday, October 29, 2007

Rangel's tax "reform" plan

Congressman Charlie Rangel announced his new tax plan recently. This plan is called a "reform" measure, but it isn't. What this measure essentially does is raise taxes on everybody. It would raise taxes by a total of $1.3 trillion (no that's not a typo, trillion, with a t). This would be the largest tax increase in American history.
Now, this isn't something you need to worry about, it has a trillion to one odds of becoming law. First off, Congress will not pass it, even though the Democrats control Congress, the moderate Democrats would never vote for this big of a tax increase. Even if they do somehow manage to get it through Congress, Bush will veto it. The only way this bill is relevant is that it shows what the world will be like if the Democrats get control of the White House, and strengthen their holds on Congress. If they gain congressional seats in 2008, then the moderate Democrats might be swayed into voting for this extreme tax hike and a Democratic president wouldn't veto it. When you couple this $1.3 trillion tax increase with the repeal of the Bush tax cuts, it would result in a total of $3.5 trillion in tax increases.
While they say that this tax burden would fall on only the wealthy, this is an old liberal trick that they always use to garner support for these tax hikes. Nobody ever bothers to realize that by overtaxing the rich, you're punishing success, thus encouraging laziness. They also never realize that when you raise taxes on the wealthy business owners, they then raise prices on their products to compensate, thus making everybody suffer. The people that come up with this stuff are either extremely malicious, or very short-sighted.
So this is what you have to look forward to if you elect Democrats, huge tax increases. Are we really surprised?

No comments: