PRESIDENT OBAMA..~STOP PLAYING ALL YOUR STUPID REINDEER GAMES!
The White House and the media would have you believe that the financial crisis we're facing as a nation can be corrected by taxing the rich and making them "pay their fair share," as the President likes to say. But that's simply not the case.
The Obama administration is predicting that the average American family will pay upwards of $2,200 more in taxes next year, if Congress cannot come to a workable agreement. But the reality is that we will likely be paying far more than the White House estimates.
With most of the debate centered on raising taxes on the wealthiest two percent of Americans, the truth -- according to Erskine Bowles, the co-chair of the bipartisan Simpson-Bowles deficit-reduction task force and the former White House Chief of Staff -- is that households making more than $100,000 will be hit especially hard if the January 1 deadline isn't reached. And here's why:
Back in the 1960s the Alternative Minimum Tax (AMT) was created to make certain the very wealthy paid "a minimum amount of tax." However, according to the Washington Post, in the years since its creation, the AMT grew to include Americans making from $200,000 to $1 million.
To prevent the AMT from being applied to Americans making less, Congress developed what the Post labels a "patch."
If no deal is reached, and we do plunge off the financial cliff, that patch comes off -- impacting millions of American families -- including 84 percent of married couples with total incomes ranging from $75,000-$100,000, and who have at least two children.
In fact, The Tax Policy Center estimates that more than half of married couples will see a $4,000 increase in their taxes. Even worse: "A third of families with children will have to pay the AMT as well, with parents of three or more children facing an extra tax of up to $4,700."
And it doesn't stop with the AMTs:
The payroll tax holiday enacted in 2010 is set to expire, which would trigger another $1,000 in payroll taxes!
Should the Bush tax cuts expire, it would raise tax rates on certain deductions, but the middle class will be hit especially hard. This makes if challenging to stop Obama's inane tax plan and demanding no new taxes as a means to resolve the fiscal cliff!
It is thrilling that tens of thousands of Americans have responded so adamantly in their rejection of President Obama's ridiculous offer as proposed, to raise taxes on the top 1% of high income tax payers; while at the same time denying that everyone's taxes are in jeopardy, and he believes that all of the people are completely ignorant of any irregularities or he's choosing to ignore them entirely!
Don't allow the media or this administration to fool our friends and family members into thinking they won't be impacted by Obama's tax plan. Remind the Administration that 'We-the-People' are alarmed, and becoming more determined to voice their concerns and outrage. As you know, the middle class has realized that they will be hit the hardest!
Almost everyone is aware, that the President created this crisis as a way to gain more power, to raise taxes and grow government even bigger -- at his discretion! The fact that he is asking to be able raise the debt limit, as he determines necessity, and that the Republican Majority should lay-down, stop all resistance, as he ascends to dictatorship! What he is asking is totally unconstitutional. And absolutely absurd; as it is so obviously a political response on his part to go beyond all sensibilities; and attempts to destroy everyone that has dared to question him publicly and provoked his contempt.
His success or failure depends largely on his continued roughshod tactics to go around congress, and the Constitution of the United States of America, and violate his 'Oath of Office'
Thank you, in advance, for the stand you're taking.
ALL IN WITH JESUS CHRIST ~Rev. Jerry L. Robertson
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