This blog posts short essays on taxes, spending, government regulation, and associated topics at the local, state, and national level. We welcome replies and commentaries from fellow Nebraska taxpayers.
Sunday, March 01, 2009
TAXPAYER TEA PARTY FIGHTS OBAMA BUDGET.
The Socialist Pres. Obama budget would raise federal income taxes on singles earning $200,000 or more annually and on couples earning $250,000 or more annually. However, to pay for all his generous spending on pork barrel projects like $238,000 for Polynesian voyaging, Obama probably will have to raise taxes on everyone earning over $75,000. Forcing utility companies to reduce carbon emissions will raise our consumer energy costs for heating, cooling, etc. Taxes on the gas and oil industry will soar, these costs passed along to consumers. Gas pump prices will spiral. Small businesses will hurt badly, laying off employees instead of expanding, not able to afford to make capital investments. Capital gains tax rates for many will rise from 15% to 20%. Wealthier Americans who invest their capital will see their top income tax rate rise from 35% to 40%, dampening their investment enthusiasm. Retirees now see their investment income disappearing, but Obama wants to tax their investments more. The only Americans to benefit much from the Obama Budget are those who pay no taxes and do not want to work. DON’T BE SHEEPLE; BE ANGRY TAXPAYER PEOPLE! Come and bring friends to our Taxpayer Tea Party to fight the Obama Budget, 6 PM, Wed. March 18, at Millard Library, 132nd & Westwood Ln., Omaha. The Counter-Revolution starts now!
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