Wednesday, July 21, 2010

A Preview of Taxation

We live in a world where the only two things in life that are guaranteed are death and taxes. We have very little input about how or when we die, but we the people very much have input in the way and amount we are taxed. This great nation was formed on the foundation of limited taxation of it’s people, yet we are only a few short years away from seeing some of our fellow Americans taxed out of 70% of their incomes. Now these are individuals that are in the highest tax bracket, but is there any question that these people worked hard for their positions? Is there any question that they sacrificed many things to get where they’re at now? Isn’t this very thing the “American Dream” that so many of us are trying to realize? Who would be willing to work so hard and make so many sacrifices just to keep 30% of what they earn? Is it so unreasonable to believe that such an environment would deter many from trying to achieve the American Dream?

President Obama has promised the people that he would not raise taxes on 95% of Americans during his term in the office, yet we are beginning to see the deception of such a promise. First, The Bush Tax Cuts. The Bush Tax Cuts cut taxes for ALL taxpayers both rich and poor, but they are set to expire at the end of this year and Obama does not plan on extending them. Case in point, everyone who pays taxes will be paying higher taxes starting in January. Is this not a tax raise? Obama has maintained that it’s not, but we know better. Second, the Health Care Reform Bill. We were told time and time again that the Health Care Reform Bill would not include any more taxes for taxpayers to bear. In fact, those on the Left characterized any effort to suggest that the passing of the Bill would increase taxes as a political hit job. The Bill was passed with such haste that the Speaker of the House herself admitted that we had to pass the bill before we finally found what was in it. With this logic there’s no wonder America finds itself some 13 Trillion dollars in debt. Shortly after the passing of the Bill some 20 states filed a law suit against the Federal Government. Their argument was that the government could not force Americans to buy a product simply because they are an American (During debate of the bill it was decided that those who willingly chose to not carry health coverage would be fined). The government’s argument in court, which was recently made public, was that the Federal Government has the right to tax the people. This was their argument! All this rhetoric about the Health Care Reform Bill not increasing taxes, only to have the government’s sole argument in fighting this several state lawsuit was that the Federal Government has the right to tax? If that doesn’t have the underpinnings of deceit and dishonesty than I don’t know what does. It should only add to frustration that this is coming from one who’s platform before taking office was transparency and accountability. Mr. President, where’s the transparency? Where’s the Accountability? In closing, my father’s employer estimates that the Health Care Reform Bill will cost the company $30 Million. To recoup these costs my father’s employer is increasing health plan premiums to it’s employees by 11%. While this may not be a direct tax, it’s certainly an indirect one as it taxes money right out of my family’s wallet. Mr. President, you assured us you would run a house that would be rooted in accountability. Please let me know when that starts.

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