October 29, 2006

The Democrats And Taxes

According to such cartoon characters as Nancy Pelosi and other Democrats, should they manage to get enough of their fellow travellers elected so as to have a majority in the House of Representatives, with Pelosi expected to become Speaker of the House (well, Halloween is almost upon us, so what's a good scare among friends?), one of the first priorities of the Democrats will be to stamp out the Bush tax cuts and roll back our taxes to 1990s levels.

If I were an enemy of the state, I would utterly destroy my hands applauding this ambition. Unfortunately, I am a patriot who loves America, to say nothing of the fact that I am also an American who lives and pays taxes here, so I must convey the blatant fact that I am not a fan of this intended tax increase.

I understand the Democrats' need to tax me into the ground. Well, not exactly understand it, per se, but I realize that the Democrats have a serious problem with their fellow Americans being able to keep some of the money they earn and are fixated on the concept of raising taxes whenever the opportunity presents itself.

Some people are into sky diving, some people collect butterflies, some people are passionate stamp collectors, some people love archery, some tennis, some throwing rocks at passing cars, some surfing porn websites, some collecting sea shells, some climbing trees, others mountains.... Democrats are into raising taxes. It's what they do, just as sucking blood is what mosquitos do, or what leeches do.

It's not their fault, it's simply who they are.

They particularly like to tax those who are successful, like the rich and like large, prosperous corporations, and are very much like Robin Hood -- they take from the rich, and give to the poor. It makes them feel good -- hell, it makes them feel great -- stripping a big company of its investment capital plunges them into ecstasy.

Back in the 1980s, during the Reagan Administration, the greatest President in my lifetime stopped the bloodsucking practice of penalizing American business for its success, allowing it to keep its investment capital in order to put it to work, and lo and behold, despite the Democrats' criticism of what they fondly referred to as Reaganomics, our economy exploded into a dynamo of successful professionals, low unemployment, newly created millionaires and prosperous companies.

This trend continued through the Bush 1 Administration, but then, alas and alack, American voters sent Bill Clinton, a Democrat, off to the White House.

Keeping to the sacred tradition of Democrats, he raised taxes, as usual targeting the rich.

Before the end of his second term (he was actually reelected, go figure!), we were plunged into recession. The unemployment rate soared, businesses struggling to stay afloat transferred record amounts of their production to outsourced labor pools and after Algore, Clinton's Veep, lost the 2000 presidential election to George W. Bush, the newly elected President engendered massive tax cuts.

Naturally the Democrats, dismayed that Americans were being permitted to keep more of their earnings, mounted yet another of their innumerable bumper-sticker friendly campaigns -- "The Republicans have given tax cuts to the rich, screwing the poor as always!"

That was worth, at the very least, a good chuckle, since every American taxpayer was entitled to the cuts. The Democrats somehow managed, once realizing that they really couldn't produce any low income working folks who were being either neglected or recieving the fid, cited poor people on welfare and other premature social security venues who weren't benefiting from the tax cuts, the fact that these people didn't pay any income tax to begin with notwithstanding... they actually forced the government to give something "back" to these noncontributors as well.

Meanwhile, the tax cuts enabled corporate America and smaller business people to use the "surplus" equity to expand existing business and create new enterprises.

The result has been a major rebound in our economy and a serious decrease in the unemployment rate that is still adjusting downward. America is again flourishing!

But let's not be too confident, friends, okay? We still haven't had this year's elections, so we don't actually know where we stand.

We're pretty confident about holding a Republican majority in the Senate, but there has been a lot of negative conjecture regarding the House majority after 7 November. Personally, I believe we'll hold our majority there, as well, though we'll have a few less seats.

But...

Should the Democrats gain a majority in the House Of Representatives, they will raise taxes, and you can bet your bottom dollar, assuming you still have one, that the late 1990s recession will return even more quickly than it went away.

Of course, the Democrats will find a way to blame Bush....

Posted by Seth at 04:27 PM | Comments (29) |

December 07, 2005

Right March Alert, Tax Reconciliation Bills: Important!

ALERT: How about some FACTS on our economy for a change -- instead of the negative LIES that keep coming from the liberals and the media (but I repeat myself)?

Here's a FACT: The 2003 Tax Reform Package helped boost our economy with revolutionary incentives for investment. The top rate for capital gains was slashed to 15% and for the first time, dividends are now taxed as capital gains rather than ordinary income. Without these fundamental, common sense reforms, our economy would not be as healthy and capitalized as it is today.

However, unless Congress acts in the next two weeks, these reforms and many more will start to expire at the end of 2005. Fortunately, tax reconciliation bills have been passed by the House of Representatives (H.R. 4297) and the Senate (S. 2020) that could give these tax provisions a new lease on life. What is uncertain is how the final bill will emerge from conference.

While both bills include some popular tax-cut extensions that have received bipartisan support in the past, there are major differences between the measures. The House bill extends the reduced tax rates on capital gains and dividends for two years, which are currently scheduled to expire at the end of 2008. The Senate bill does not extend the reduced rates.

The differences between the House and Senate bills could set up a difficult conference between the two chambers as lawmakers attempt to trade and bargain for their favored provisions. Conservative action is needed NOW to make sure that capital gains reduction and dividend tax reforms are in the final conference report.

TAKE ACTION: You and I have worked hard to get Congress to start "sunsetting" (expire) certain laws and even agencies in the past. What we DON'T need to "sunset" are the very reforms that have BOOSTED our economy and kept it HEALTHY, in spite of the onslaught of the Clinton inflation in 2000 and 9/11 in 2001. The Democrats and liberal Republicans that want to "sunset" the beneficial reforms need to be STOPPED.

Congress is back in session for only TWO WEEKS -- so they need to hear from YOU and I NOW. Click below now to send a FREE message to your BOTH your U.S. Senators and Representative, asking him or her to KEEP the vital 2003 capital gains and dividend reforms in the tax reconciliation bills:

http://capwiz.com/sicminc/issues/alert/?alertid=8298606&type=CO

NOTE: Be sure to forward this Alert to EVERYONE you know who wants to help get Congress to keep our economy healthy with these tax reforms. Thank you!

Sincerely,

William Greene, President
RightMarch.com

Posted by Seth at 04:32 PM |