Unfortunately, liberals will be calling the shots, which means YOUR
money is at stake!
Liberals want to "reform" the tax code just like they "reformed" healthcare - they want total control. They want to tax everyone they can, but will refer to their job-killing, economy-busting tax hikes as "revenues."
You can be sure these tax hikes will cause unemployment to skyrocket.
If liberals get their way, companies and every American making over $250,000 will pay much, much higher taxes. This approach will decimate the job market, as those looking to hire will have less money to invest in new personnel and will take steps to avoid paying those additional taxes.
If it were up to liberals, the wealthiest 2% of Americans (which includes small businesses and family farmers making $250,000 a year or more) would still be taxed at 90% of their income. They believe it's wrong for anyone in American to prosper, unless of course they donate some of their prosperity to liberal candidates.
We've heard this rhetoric throughout the debt limit debate. Barack Obama repeatedly called for the "rich" to "pay their fair share," even though the top 2% of earners pay 40% of the tax burden
THIS is how liberals want to "reform" the tax code. THEY WANT TO PUNISH THEIR ENEMIES. And guess what,THEY CONSIDER YOU THEIR ENEMY.
You see, you buy things that liberals don't like, like gasoline (oh, such a crime) and maybe occasionally junk food. Well all that is going to be taxed much more, if the liberals get their way.
WHICH IS WHY WE CAN'T LET THEM TAKE CHARGE OF TAX REFORM
Liberals are after YOUR money! They want to tax everything you buy and you in the process. They want to take your money and give it to someone else. They'll call it "wealth redistribution" and claim you don't deserve the money that you worked hard for!
We are launching an aggressive media campaign designed to call attention to what liberals will try to do with tax "reform." We can't let them "reform" the tax code in order to punish their enemies! Please CLICK HERE to tell every Congressman and woman that you won't stand for targeted tax hikes that hurt the American people!
The Obama administration claims to have been cutting taxes during the first two and a half years of his term. However, it is clear that the "tax cuts" have not been felt in the economy. The payroll tax holiday, for instance adds a few dollars to each paycheck, hardly noticeable month to month. He also tries to claim the Bush tax cuts as his own tax cuts, yet what he really did was prevent the largest tax hike in history.
But of course he wants that tax hike.
What Americans have noticed were the tax hikes that Obama had liberals slide into almost every piece of legislation passed during his term. For instance, in just Obamacare, the following hikes were included:
- Individual Mandate Excise Tax - For those who do not purchase healthcare when the mandate takes effect, they will be paying the government $95 a year in 2014, and $695 a year by 2016...those numbers increase for each adult in the family who does not buy government approved insurance. If there are two adults in the house hold those numbers jump from $190 in 2014 to $1390 in 2016. And if there are three or more adults in a household, that number is $285 in 2014 and a whopping $2085 in 2016. It's a tax because if you don't pay that, the IRS comes after you with a fine of $25,000 or up to a year in jail, prosecuting you the same as for tax evasion!
- Employer Mandate Excise Tax - If an employer does not offer government approved healthcare and at least one employee then qualifies for a healthcare tax credit, the company is charged $2,000 per full time employee. If the employee qualifies for the new healthcare exchange, then the company is charged $3,000 per full time employee.
- Surtax on Investment Income - A brand new 3.8% tax on investment income was created for those making over $250,000. This will decimate investments. Why would companies invest when they know they'll be penalized for it?
- Hike in Medicare Payroll Tax - Those making over $250,000 will see a hike in their Medicare payroll tax, from 1.45% to 2.35%. The self-employed making over $250,000 will see an increase from 2.9% to 3.8%.
- Comprehensive Insurance Plan Excise Tax - A new, 40% excise tax on "Cadillac" health plans.
- Medicine Cabinet Tax Hike - HSAs, FSAs and HRAs will no longer be able to use pre-tax dollars to pay for over the counter medications, except insulin.
- HSA Withdrawal Tax Hike - HSAs receive a disadvantage against other savings accounts with a 20% (up from 10%) tax hike for non-medical early withdrawals.
- Flexible Spending Account Cap - In 2013 there will be a cap of $2500 for FSAs, which are now unlimited. This will hurt special needs children especially, whose families often use FSAs to pay for special schooling, which costs up to $14,000 a year.
- Medical Device Manufacturer Tax Hike - Obama claims he is for innovation, but he will be issuing a new 2.3% excise tax on makers of medical devices. How will that not affect patient's ability to afford treatment?
- Medical Itemized Deduction rose from 7.5% to 10% - Those with high medical costs could deduct medical expenses as long as they cost more than 7.5% of their adjusted gross income (AGI). Now those expenses have to cost more than 10% of their AGI.
- Indoor Tanning Salon Tax - For those who use indoor tanning services, a 10% excise tax will be added to the price. Why don't they start taxing Americans for being out in the sun too!
- Blue Cross/Blue Shield Tax Hike
- Charitable Hospitals Excise Tax - $50,000 per hospital a year if they fail to meet the high demands of the government. You can bet liberals will claim no hospital lives up to their standards.
- Innovator Drug Company Tax - A $2.3 billion dollar a year tax put on this industry. How will that stimulate new drug creation?
- Health Insurers Tax - Starting in 2014 and completely phased in by 2018, all health insurance industry will be hit with a massive tax hike relative to insurance premiums collected each year. How will that drive down costs?
- Codification of the "economic substance doctrine" - According to Americans for Tax Reform "This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks "substance" and is merely intended to reduce taxes owed."
And those are just SOME of the taxes that affect YOU! There are half a dozen more taxes included in Obamacare. And remember, that's just one piece of legislation signed by Barack Obama.
Taxing those that make more than $250,000 will kill jobs. When those job creators have to shell out millions or billions more a year for health insurance and investments, they will be less inclined to hire. Apparently that doesn't matter to this administration. If companies and individuals are making money, Obama wants a cut.
It's clear what this administration wants.
Liberals are after YOUR money! They want to tax everything you buy and you in the process. They want to take your money and give it to someone else. They'll call it "wealth redistribution" and claim you don't deserve the money that you worked hard for!
Conservative Action Alerts is launching an aggressive media campaign designed to call attention to what liberals will try to do with tax "reform." We can't let them "reform" the tax code in order to punish their enemies! Please CLICK HERE to tell every Congressman and woman that you won't stand for targeted tax hikes that hurt the American people!
There has been $670 billion worth of tax increases in just two and a half years under Obama.
He doesn't seem to understand that raising taxes on businesses and job creators won't create jobs or raise revenues. Either he doesn't understand this, or he knows this and just wants to punish his enemies just like he did when he selectively closed GM dealers.
He talks about ending "subsidies" for oil and gas companies. In truth, he wants to unfairly target that industry with tax hikes, because he wishes the world ran on wind and solar energy. Oil and gas companies are taxed at a higher rate than other industries, even though the technology and pharmaceutical industries make higher profits. Oil and gas companies do get some subsidies, which help the big 5 oil companies, but those subsidies are meant to help small oil companies that have maybe one rig and want to expand.
The tax credits which oil and gas companies get are the same tax credits that all manufacturing industries receive, including the film industry. Barack Obama just wants to remove oil and gas from getting this tax credit because he doesn't like them.
He wants to raise taxes on hedge fund managers because he can get more votes from the millions of Americans who don't have hedge funds, than the few Americans who do.
There aren't many corporate jet owners, but there are millions who can't afford one. So by claiming these people don't need a tax break, he gets more votes.
See, anyone who doesn't create a product he thinks is good for the majority of Americans who will be voting for him, he thinks they should be taxed more. He looks at tax reform as a way to punish those who don't vote for him and don't give millions to his campaign. And guess what? You are one of those people.
We cannot let the Obama administration use tax reform as a way to punish their enemies and fundamentally transform America in a way they deem best. Please Fax every Member of Congress now and stop this kind of "reform" from taking place. Tell them you will not allow Obama and his cronies to target industries and people they don't like for tax hikes!
Sincerely,
Conservative Action Alerts
P. S. Thank you for your attention as we help Americans to truly understand how Barack Obama and his liberal cronies really want to "reform" the tax code. Please CLICK HERE to FAX every Member of the U.S. Congress to tell them not to raise taxes!
No comments:
Post a Comment