It is better to let everyone's tax rate go up Jan. 1 than to hide everything
in a new budget plan that no one knows what's in it. When people see how
directly where the tax money is coming from they will pay attention.
Congress is great at hiding expenditures so that the common people don't
suspect. They will think the other guy is the one taking the hit. All taxes
come only from the people; any other organization or business simply passes
them on as higher prices borne by the same people. The difference being that
people are not aware that the taxes are being passed through.
No matter what happens on Jan. 1 the bills will have to be paid. Better to
do it now than a year from now. The fiscal cliff is no more than a scare
tactic by the Obama crew to scare the American people into granting more
taxes to the govt. so they can spend more.
The Republicans will not commit suicide. It is a long time to the next
election. People will forget.
Nicholas Geti
----- Original Message -----
From: "lelandj" <[email protected]>
To: "ProFox Email List" <[email protected]>
Sent: Wednesday, December 05, 2012 12:52 PM
Subject: Re: [OT] Looks like Boehner is going to cave
In accordance with the Budget Control Act of 2011, taxes rates will go up
for everybody on January 1, 2013, back to the tax rates in effect during
President Clinton's years in office.
If the Tea Party, and other Republicans, drive the country off the fiscal
cliff, January 1, 2013 a bill would be introduced by Democrats in congress
to lower taxes back to the Bush era rates for all Americans who make
$250,000.00 or less. The tax rates for Americans making more than
$250,000.00 would remain at the rates in effect during President Clinton's
years.
This would put Tea Party Republicans, and other Republicans, who have made
a deal with the Devil, (eg Grover Norquist), in a very awkward position;
because, voting against reinstatement of the Bush era tax cut for ordinary
Americans would be political suicide. LOL
Regards,
LelandJ
[excessive quoting removed by server]
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