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~ “I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts.” Ronald Reagan.

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Tag Archives: Tax Increases

Full List of Hillary’s Planned Tax Increases

30 Saturday Jul 2016

Posted by bydesign001 in Election 2016

≈ 2 Comments

Tags

Hillary Clinton, Tax Increases, Taxes


One of my darkest memories (notice, I said one of them) of Bill Clinton’s presidency were the TAXES. At that time, I was struggling to raise four children and a recently disabled spouse.

We were living on one salary which took a direct hit from Clinton’s tax increase with approximately 60 to 63% of my salary (federal, state and city taxes) going to big government which forced the burden on me to work another 15 hours a week just to have enough in my pockets to pay bills and properly care for my family.

Then, as if that wasn’t painful enough, at year’s end, I paid even more taxes because as the IRS put it, I hadn’t paid enough. As for the credits, for some reason, I did not qualify for them.

Hillary Clinton's tax plan a windfall for big government 2

Yeah, I remember the Clinton era, well. America deserves far better than a third-term Bill Clinton and/or Barack Obama presidency which will guarantee more of the same.

Americans for Tax Reform by John Kartch and Alexander Hendrie

Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, an “Exit Tax” and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.

Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC’s George Stephanopoulos if her pledge was a “rock-solid” promise, she slipped and said the pledge was merely a “goal.” In other words, she’s going to raise taxes on middle income Americans.

Hillary’s formally proposed $1 trillion net tax increase consists of the following:

Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.

Business Tax Increase — $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.

“Fairness” Tax Increase — $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.

But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much higher than $1 trillion.

For instance:

Capital Gains Tax Increase — Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for a byzantine capital gains tax regime with six rates. Her campaign has not put a dollar amount on this tax increase.

Tax on Stock Trading — Clinton has proposed a new tax on stock trading. Costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts. The tax increase would only further burden markets by discouraging trading and investment. Again, no dollar figure for this tax hike has been released by the Clinton campaign.

“Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” on income earned overseas. The term “exit tax” is used by the campaign itself. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. How much? The campaign doesn’t say.

This proposal completely fails to address the underlying causes behind inversions: The U.S. 39% corporate tax rate (35% federal rate plus an average state rate of 4%) and our “worldwide” system of taxation, which imposes tax on all American earnings worldwide. The average corporate rate in the developed world is 25%. Thirty-one of thirty-four developed countries have cut their corporate tax rate since 2000. The U.S. has not. Hillary’s plan moves in the wrong direction.

ATR is tracking Clinton’s full tax record at its dedicated website, HighTaxHillary.com

See also: “Everyman” Tim Kaine Tried to Raise Taxes on Adult Beverages

Hillary Opens the Door to a Carbon Tax
Hillary’s Soda Tax Endorsement Violates Middle Class Tax Pledge
Video Shows Hillary’s 25% Gun Tax Endorsement
Democrat Platform Calls for Carbon Tax
Tim Kaine Pushed Income Tax Hikes on Working Families Making As Little as $17,000

 

Source: Americans for Tax Reform

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Next shoe to drop — Jan 1 2014 — ‘Affordable Care Act Fees and Taxes’

26 Thursday Dec 2013

Posted by bydesign001 in Uncategorized

≈ Comments Off on Next shoe to drop — Jan 1 2014 — ‘Affordable Care Act Fees and Taxes’

Tags

Obamacare, Tax Increases


obamacare-taxes lisa benson

Kaiser News

Insurance companies aren’t crazy about their share of the health law’s taxes, but mostly they’ve complained to politicians and regulators.

At least one health plan wants to bring consumers into the loop.

‘Affordable Care Act Fees and Taxes’ is a separate line item on bills Blue Cross Blue Shield of Alabama is sending to individual customers.

The tax amount is $23.14 a month, or $277.68 annually, on a statement one subscriber shared with Kaiser Health News.  That’s added to the ‘Current Amount Due for Benefits’ of $322.26…

Continue Reading – Next shoe to drop come Jan 1 2014 – ‘Affordable Care Act Fees and Taxes’.

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Send or Tweet this to every political hack in Washington

31 Monday Dec 2012

Posted by bydesign001 in Uncategorized

≈ 1 Comment

Tags

Federal Deficit, Federal funding, fiscal cliff, Government funding, Government revenues, Government spending, Senate, Sequestration, Tax Increases


Red Alert 003

LADY RAVEN via GRUMPY OPINIONS

Most of them won’t have a clue that even John F Kennedy realized one the primary purposes of the Second Amendment was to restrain Government–

This is a basic fact that folks on Capitol Hill refuse to acknowledge publicly.. And if they did, they’d tell you it’s not something you have to worry about nowadays cause they’re there to protect us..  And they’ll say it with a straight face as they pass more and more laws that defy the intent, purpose and plain language of the Constitution…

JFK Tyranny Quote

‘When all government, in little as in great things, shall be drawn to Washington as the Center of all power, it will render powerless the checks provided of one government on another and will become as venal and oppressive as the government from which we separated’  Thomas Jefferson…

 

CONTINUE READING to get contact list — including Twitter Handles for Members of the US Senate.  Twitter List for House Republicans available Here.

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Advice for Republicans in Fiscal Cliff Talks, WALK AWAY

03 Monday Dec 2012

Posted by bydesign001 in Uncategorized

≈ 2 Comments

Tags

Economic Collapse, Economic Terrorism, fiscal cliff, GOP, Government revenues, Government spending, Government Waste, Govt's War on America, Higher taxes, Marxism, obama, Obama lies, Obamafail, Oppression, Progressives, Propaganda, Republican Party, Tax Hikes, Tax Increases, Taxed Enough Already


Rush Limbaugh to Republicans Walk Away

While I do not agree with everything in the following article, most of it contents is dead on.

Republicans should issue a temporary extension of the Bush tax cuts and then walk away from the table.

Leave the dictator, Barack Hussein Obama and his Progressive machine of economic terror and oppression hanging in the wind.

Mack Rights

For the last decade, we’ve been hearing how the Bush Tax Cuts are only for the rich. On January 1st, they all expire, but Obama doesn’t want to be like President Hoover and FDR and raise taxes in a recession thus causing a Great Depression. So he’s in favor of keeping them for everyone who isn’t in the top tax bracket. The problem for him is that all tax bills originate in the House, which is controlled by Republicans. The fate of tax rates is ultimately up to them.

If they do not make an agreement and they let the Bush Tax Cuts expire, President Obama will once and for all prove to the world that Bush gave everyone a piece of the action- not just the rich. As well, Obama will once again prove that raising taxes is bad for the economy because it makes everyone poorer. This is the Republican argument. Sure, this will be bad for the economy, but the economy is screwed no matter what.

There are 21 Obamacare taxes coming, there are increases of 12 to 25% for health insurance costs this month, the capital gains tax goes up 60% from 15% to 23.8 percent (expiration of Bush tax cuts and 3.8% Obamacare surcharge), dividend taxes go up nearly 200% from 15% to 43.6% for the highest tax bracket (they go from 15% to ordinary income rate plus a 3.8% Obamacare surcharge), the EPA’s about to implement carbon taxes,….

READ FULL ARTICLE

Whether our politicians walk away and do the right thing remains to be scene but those who do not can rest assure that betraying the will of the people will result in their early retirement.

Fiscal Cliff Follow the Leader Or Not Politifake

Everything that Obama has done since the 2009 inauguration has been to the detriment of small businesses, the middle class, the poor and the Black and Latino communities.

Another four years will wreak further devastation on all of the above as Obama and fellow Progressives in collusion with their media puppets continue to spread lies while espousing propaganda to useful idiots.

Those who recognize the deception must remain focused and not become distracted by the diversions and propaganda by Obama and comrades intended to nudge Americans into willingly supporting our own demise and/or that of our children and grandchildren.

Pushing conservatives off a fiscal cliff

…The American left and our ‘objective’ mainstream media — same thing, I know — are not helping the nation balance its budget. As usual, these partisan hacks are obsessed with tearing the Republican coalition apart, limb from limb. By empowering GOP moderates, they drive the conservatives into exile.

These liberals are dishonest but not dumb. They have no intention of honoring a pledge to curtail wasteful spending. What they want is GOP civil war…

…Washington Post reporter Aaron Blake wrote the story on the revolt against Grover Norquist. The Post made its emphasis even more obvious in its free commuter tabloid called Express, which splashed this headline over Blake’s story: ‘Is the GOP Over Grover?’

The same angle screamed from the television. On ABC’s ‘World News,’ anchor Diane Sawyer proclaimed, ‘We did see a sign the paralysis may be ending, a Republican mutiny against a man who had convinced them to take a pledge.’ The graphic on screen read ‘Tax Revolt.’ Only in liberal newsrooms is there such a thing as a ‘tax revolt’ to raise taxes. On ‘CBS This Morning,’ co-host Charlie Rose pushed Sen. Bob Corker to say he would ‘forgo the pledge because it is outdated and the country’s problems are too big….

CONTINUE

sheep off the fiscal cliff

DON’T COUNT ON IT AMERICA!

Taxed Enough Already 003

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Another Executive Order (Green Energy) Issued by the Monarch

05 Wednesday Sep 2012

Posted by bydesign001 in Uncategorized

≈ 2 Comments

Tags

Dictatorship, Election 2012, Energy, Energy Bill, Executive Orders, Green Energy, obama, Power Grab, Tax Increases


THE BLAZE

“Between conservatives focusing all their attention on the successes/failures of the Republican National Convention in Tampa, Fla., and the left having a meltdown over the supposed ‘racism‘ and unprecedented disrespect of Clint Eastwood’s ‘Empty Chair’ routine, little attention has been given to an executive order issued last Thursday by President Barack Obama that targets industrial ‘efficiency’ and carbon emissions….

…The order, which aims to increase the number of cogeneration plants in the U.S. by 50 percent by 2020 and slash carbon emissions by 150 million tons per year, is the administration’s latest effort to ‘deploy cleaner and more efficient energy production in the country by working around political resistance to climate change and ‘green’ energy legislation on Capitol Hill,’ Reuters reports.

‘The Federal Government has limited but important authorities to overcome … barriers, and our efforts to support investment in industrial energy efficiency and CHP [Combined heat and power] should involve coordinated engagement with a broad set of stakeholders,’ the order says….”

CONTINUE READING

Politifake

Politifake

The malignant narcissist strikes again.  Taxpayers will pick up the tab for the votes of green energy loons and cronies as purchased by Barack Obama.

In the meantime, the media gives another constitutional violation by their messiah a pass.

Read the full order here.

While politicians, celebrities and media moguls can afford exorbitant energy costs, the average Americans cannot and will be the hardest hit.

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ELECTION 2012: Three and a half years of Obama’s lies (GBTV) 06292012

30 Saturday Jun 2012

Posted by bydesign001 in Uncategorized

≈ 4 Comments

Tags

Election 2012, Government Mandate, Government revenues, Government War on Individual Constitutional Rights, Govt Regulation, Govt War on Constitution, Govt's War on America, Healthcare Reform, Higher taxes, Mandate tax, obama, Obama doctrine, Obama lies, Power Grab, Tax Hikes, Tax Increases, Tyranny, USA


GLENNBECK.COM

The only way to rid America of the albatross that is Obamacare is through repeal – and the election in November. On radio, Glenn motivated the troops and also highlighted the most blatant Obama lies in the last 3.5 years.

‘There’s no way to reverse this machinery soon unless Mitt Romney wins and then Mitt Romney decides to actually dismantle it…’

continue

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