The bloggers at Common Sense Thinkers are a group of mature, fiscally conservative and socially compassionate Americans who believe in America, the capitalist system, and are generally folks who “cling to our guns and religion.” Our opinions and comments on the events of the world we live in are the simple application of common sense.
Saturday, February 18, 2012
Obama Budget Banks on Tax Hikes
I bet you missed this in the Integrity Free Media. You probably heard from them how Obama was going to lower taxes, create millions of jobs, and bring us the largest recovery in the last 100 years. But wait, as always what the IFM tells us is a complete lie.
The facts are:
Obama's budget generates another $1 Trillion + deficit.
Obama's budget contains $2 Trillion in new taxes and fees
Obama's budget will raise taxes on households making more than $250,000 and individuals making more than $200,000, the top income tax rate would rise from 35 percent to 39.6 percent.
Obama's budget will raise the rate on qualified dividends from 15 percent to 39.6 percent.
Obama's budget will raise the rates on long-term capital gains from 15 percent to 20 percent.
Obama's budget will raise the estate tax, or more appropriately called the "death tax," from 45 percent from 35 percent.
Obama's budget raises fees on businesses and offers up almost $1 Trillion in support for his Muslim brothers in Arab Spring so they can reek havoc and unrest in the Middle East!
Just Obama's idea of all of us "paying our fair share", while nearly 45% of American's pay no tax whatsoever! Let's pray that the Republicans and the sane Democrats will try to stop this!
Remember this in November and vote out all the liberals and the republicans who support his madness!