Obama Commission Will Call for Trillions in Tax Hikes

Townhall

Obama debt commission member, Republican Sen. Judd Gregg of New Hampshire, launched a scary trial balloon on ABC News. Gregg suggested the debt commission will likely recommend a massive $26.7 trillion tax increase. Here are Gregg’s actual words:

“Everything has to be on the table – there’s no question about that… Erskine Bowles, one of the co-chairmen of the commission, has suggested a 75-25 split — 75 percent of the savings being in spending, and 25 percent in revenues… I think it’s likely that there will have to be a revenue component, but it should be significantly, dramatically — and a 3-1 ratio is pretty dramatic — dramatically less than the initiatives in the spending side of the ledger.”

According to an analysis by Americans for Tax Reform if Bowles wants $3 in spending cuts for every $1 in tax hikes then the tax increases will be larger than anyone expects:

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Backdoor taxes to hit middle class

Yahoo News

By Terri Cullen

NEW YORK (Reuters.com) –The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year — effectively a tax hike by stealth.

While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.

The targeted tax provisions were enacted under the Bush administration’s Economic Growth and Tax Relief Reconciliation Act of 2001. Among other things, the law lowered individual tax rates, slashed taxes on capital gains and dividends, and steadily scaled back the estate tax to zero in 2010.

If the provisions are allowed to expire on December 31, the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.

Investors will pay more on their earnings next year as well, with the tax on dividends jumping to 39.6 percent from 15 percent and the capital-gains tax increasing to 20 percent from 15 percent. The estate tax is eliminated this year, but it will return in 2011 — though there has been talk about reinstating the death tax sooner.

Millions of middle-class households already may be facing higher taxes in 2010 because Congress has failed to extend tax breaks that expired on January 1, most notably a “patch” that limited the impact of the alternative minimum tax. The AMT, initially designed to prevent the very rich from avoiding income taxes, was never indexed for inflation. Now the tax is affecting millions of middle-income households, but lawmakers have been reluctant to repeal it because it has become a key source of revenue.

Without annual legislation to renew the patch this year, the AMT could affect an estimated 25 million taxpayers with incomes as low as $33,750 (or $45,000 for joint filers). Even if the patch is extended to last year’s levels, the tax will hit American families that can hardly be considered wealthy — the AMT exemption for 2009 was $46,700 for singles and $70,950 for married couples filing jointly.

Middle-class families also will find fewer tax breaks available to them in 2010 if other popular tax provisions are allowed to expire. Among them:

* Taxpayers who itemize will lose the option to deduct state sales-tax payments instead of state and local income taxes;

* The $250 teacher tax credit for classroom supplies;

* The tax deduction for up to $4,000 of college tuition and expenses;

* Individuals who don’t itemize will no longer be able to increase their standard deduction by up to $1,000 for property taxes paid;

* The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free.

Source:

Arguing With “Global Warming” Idiots

Canada Free Press

By Jim O’Neill  Sunday, December 13, 2009

“Two thousand scientists, in a hundred countries, engaged in the most elaborate, well organized scientific collaboration [scam] in the history of humankind, have produced long-since a consensus that we will face a string of terrible catastrophes unless we act to prepare ourselves and deal with the underlying causes of global warming.” Al Gore

“As public opposition continues to stall Congress’s cap-and-tax legislation, Environmental Protection Agency [EPA] bureaucrats plan to regulate carbon emissions themselves, doing an end run around the American people.” Sarah Palin

GeoCraft posted a simple ten-question test online, concerning AGW (Anthropogenic Global Warming).  If you familiarize yourself with the correct answers to this quiz, then you will have the “ammo” to deal with the deceitful criminals behind the global warming racket.

It’s your money—don’t let them continue to steal it.

For the sake of those who don’t have the time, or inclination, to take the quiz, I have supplied an abbreviated version of the test questions and answers below.

(1) Question True or False.  “Global warming” is a real phenomenon: Earth’s temperature is increasing.

Answer True.  “Global warming” is a real phenomenon: Earth’s temperature is increasing.  From a geological perspective, global warming is the normal state of our accustomed natural world. Technically, we are in an “interglacial phase,” or between ice ages. The question is not really if an ice age will return, but when.  If Global Warming stops, then you can start worrying!  It means our warm interglacial phase is over and we may be heading into another Ice Age.

(2) Question True or false.  The “Greenhouse Effect” is real and contributes to global warming.

Answer True.  The “Greenhouse Effect” is real.  The “greenhouse effect” helps to moderate temperatures—especially nighttime temperatures. Without the greenhouse effect, the average temperature of the Earth would be -18 degrees C (around zero degrees Fahrenheit).

(3) Question Multiple choice.  The main cause of Global Warming is:

Answer Orbital eccentricities of Earth and variations in the Sun’s output.  Global Warming occurs in cycles caused mainly by changes in the sun’s energy output, and the sun’s relative position to the earth.  [NOT industrial pollution, automobiles, airplanes, and CO2].

(4) Question Multiple choice:  The Greenhouse Effect is caused primarily by:

Answer Water vapor.  The world’s natural wetlands produce more greenhouse gas contributions annually than all human sources combined.  [That’s worth re-reading].

(5) Question Multiple choice.  Which most accurately describes the effects of Global Warming in the United States over the last 100 years?

Answer Temperatures have risen less then 1° C during the past 100 years.  During the period 1900 to 1940 temperatures were increasing. Then from 1940 to 1980 temperatures were decreasing. Currently, temperatures are increasing back to about where they were in the 1930’s.  Overall, the total average annual temperature increase in the U.S. in the last century is so slight the actual amount is uncertain—maybe 1/3° C

(6) Question Multiple choice.  How much carbon dioxide (CO2) is in Earth’s atmosphere today?

Answer Less than 1/10th of 1%.  Most CO2 comes from natural terrestrial and ocean biologic activity, and compared to former geologic times, Earth’s atmosphere today is arguably “CO2 impoverished.”  There has historically been much more CO2 in our atmosphere than exists today.

(7) Question True or false.  Carbon dioxide from coal-fired power plants damages forests.

Answer False.  Carbon dioxide (CO2) is the principal gas that trees and other plants need to survive, just like oxygen (O2) is the principal gas that humans and other animals require.  Carbon dioxide is invisible.  The fat, curvy towers that look like they are belching white smoke are really only emitting pure water vapor. They are in effect making clouds.

(8) Question Multiple choice.  Which answer below provides the best explanation for the temperature record [over the past 1,000 years]?

Answer Natural variations in global temperatures may occur in roughly 500-year cycles.  The primary cause of variations in global temperature is due to the cycles of the sun and Earth’s orbit about the sun. In addition to 40-year cycles and 500-year cycles, other temperature cycles include:

  • 21,000 year cycle: Elliptical orbit of the Earth around the Sun
  • 41,000 year cycle: Cycle of the +/- 1.5 degree wobble in Earth’s orbit
  • 100,000 year cycle: Variations in the shape of Earth’s elliptical orbit

(9) Question Multiple choice.  Which of the following is not true about an increasing greenhouse effect?

Answer The idea that most scientists think that “global warming” warrants drastic action—is false.  President Clinton and others [e.g. Al Gore—see above] cite a letter signed by 2600 scientists that global warming will have catastrophic effects on humanity. Thanks to Citizens for a Sound Economy, we know now that fewer than 10% of these “scientists” know anything about climate. Among the signers are: a plastic surgeon, two landscape architects, a hotel administrator, a gynecologist, seven sociologists, a linguist, and a practitioner of traditional Chinese medicine.

Over 17,000 [real] scientists have signed the Global Warming Petition to express their view that “there is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate.”

(10) Question Which temperature measuring method most accurately measures global warming?

Answer Orbiting weather satellites provide the most accurate temperature measurements.  The real signature of greenhouse warming is not surface temperature but temperatures in the middle of the troposphere, about 5 kilometers up.  Interestingly, in the 5 years leading up to 2007, the temperature of the mid troposphere actually decreased slightly and surface temperatures ceased warming—even as CO2 concentrations continued to increase. This should not have happened if CO2 increases to the atmosphere are the primary driver of global warming.

So there you have it.  You are now armed with sufficient knowledge to insulate yourself from The Big Lie, and defend yourself against its vociferous, duplicitous proponents.

Don’t expect them to back off, simply because intelligent, sane people prefer the truth to their b.s.  They will continue to lie—more stridently than ever—and their propaganda arm, the liberal press, will continue to trumpet their falsehoods.

But we are hip to the con.  Time to start suing yet?

What Has Obama Accomplished

Canada Free Press

Dec.,13, 2009

Making the rounds of conservative talk shows lately is the question, “What has Obama accomplished so far?” The question is asked of of Obama supporters and the answers range from ‘abolishing lobbyists’ to ‘securing world peace’ to ‘lowering taxes.’

One thing all answers have in common: They are all grounded in perception as opposed to reality.

Obama has accomplished the amazing feat of convincing millions of Americans that black is white, that cold is hot, that the bad economy is the fault of George W Bush, and the only things standing between America and peace on earth are those darn Republicans and greedy capitalists.

As author Thomas Sowell points out in ‘Is Reality Optional ?’ social history in the last 30 years has been a history of replacing what worked with what sounded good. And no-where is this more evident than in the ‘change’ Obama is foisting on the American people.

The empty rhetoric of ‘social justice’ and ‘compassion’ is convincingly and successfully being used to justify ever more ludicrous social policies, which just happen to come with a huge price tag and more government control.

Ignored by the left and the media, however, is the inconvenient fact that every single policy promoted by Obama and passed by congress has been a dismal failure. From the jobs ‘stimulus’ package that has cost taxpayers a whopping $236,436 per job created – to the the ‘cash for clunkers’ – to the $61 billion bucks taxpayers just lost through the AIG and auto industry bailout.

Add in the $75 billion mortgage relief program to stem the largely government caused ‘foreclosure crisis.’ This program has helped a grand total of 31,000 borrowers to date, a paltry 4% of the 760,000 who have applied.

Despite the dismal failures of these policies, Obama and his cohorts continue advocating more of the same. As Dr. Sowell points out, “The anointed are often wrong but never in doubt.”

Though 80% of Americans are happy with their health insurance, Obama has declared a health care crisis. Obama and congress have devoted most of the year to imposing government run health care on all citizens, despite the fact that 61% of Americans oppose it.

Though evidence has recently surfaced undermining the dire claims of global warming, our elected elites continue to ignore relevant science, insisting that a massive redistribution of our wealth is needed in order to pay an imagined ‘climate debt’ to third world countries. Meanwhile, record unemployment and rising fees and taxes continue to devastate businesses and families across the nation. The exception are federal workers, who just got a 2% pay raise.

As Democrat leaders and their allies take to the airwaves denouncing corporate greed, our public servants are scrambling to enact policies that enable them to extort an ever increasing portion of the wealth created by American workers. In the process, severely undermining the rule of law and ignoring the limitations imposed by our Constitution.

The Obama administration has plunged America into debt to the tune of a record $12 trillion dollars. That’s $39,000 owed by every man woman and child in America. And there is no end in sight.

House Democrats just passed a $1.1 trillion dollar spending bill to fund the federal government. This bill includes $2 billion for ‘climate’ research, major spending boosts for domestic agencies and foreign aid. It also includes more than 5,200 pork barrel projects costing $3.9 billion. On top of that, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year‚Äôs.

Obama’s policies are destroying the dollar and bankrupting America. Moody’s just issued a warning that our triple A rating is in danger. Our president is also in the process of ceding American sovereignty to world bodies like the United Nations and the International Criminal Court.

What Obama has accomplished is astounding. He has managed in the short space of one year to dramatically alter the historical focus on individual rights and liberties to an ephemeral concept that focuses on government primacy.

Due to Obama’s charisma and his skill in manipulating the system and redefining words to fit transient meanings, many Americans continue to believe Obama’s rhetoric, willfully ignoring the underlying reality. Their belief has taken on a religious fervor based on faith and emotion and any facts to the contrary are summarily dismissed. After all, “Obama won.”

Once again, Thomas Sowell says it best: “We may be entering an era where the greatest dangers to the survival of Western civilization will come from internal social deterioration. Other great civilizations have declined and collapsed. We may be the first, however, to sink slowly into the quagmire, still beaming from ear to ear in self-congratulation at how ‘innovative’ we are in our social policies.”

Obama is a dangerous man. He has convinced millions of Americans that they are entitled to the fruits of another man’s labor. Virtually all of his policies to date have been designed to foster a dependence on government. But what the government gives, the government can take. As millions of enslaved peoples across the globe could attest – if they were allowed.