April 15th - Judgment Day is Envitable
“Republicans believe every day is the Fourth of July. Democrats believe every day is April 15th,” - Ronald Reagan, 1984
The Gipper was right, as usual. Today millions of Americans pony up through gritted teeth as they send a good deal of the hard earned money to the government.
We believe paying taxes is an essential part of our bargain as a free people, knowing it will go for the essential services to protect our freedoms and to promote the general good. Our men and women in uniform deserve the best and those less fortunate or in dire straits do need the help of those who can shoulder it.
But the clear difference between Republican philosophy and Democratic dogma is crystal clear on April 15th. Republicans believe the real strength of this nation lies with the people - not an every growing government that saps our ability to provide for our families, build businesses and invest in the future.
Democrats who hold power in Hartford and Washington are on the move to increase the power of government. In Hartford, the Democrats have already proposed a six-percent tax on all good transported between our borders, waived off attempts to end a corporate entity tax which affects small businesses the harshest while laying in wait to unleash higher personal income taxes of what they believe to be “wealthy” citizens.
Gov. Rell and the Republican Legislators have effectively topped those plans so far, but there is plenty of time for Democrats to move forward before the Legislature adjourns next month.
In Washington, the Democratic-held Congress has already voted for the largest tax increase in American history, even though it will be stopped by President Bush’s veto pen if it ever arrives in his desk.
And the future? With an economy shifting toward a downturn, the two Democratic candidates for President have already fired up the tax collecting apparatus.
Both Sens. Clinton and Obama pledge to raise taxes on incomes, investments and energy while unleashing a spending spree worthy of LBJ.
Between the two of them, they have already secured $400 million for their home state pork projects. One can only imagine what will happen if they get control of the U.S. Treasury to satisfy the needs of a Democratic Congress. Obama’s plan to raise payroll taxes would cripple the working family.
Republican Sen. John McCain has outlined his plan that will reduce taxes on investment, eliminated the Alternative Minimum Tax while cutting needless and wasteful spending. McCain wants permanent tax cuts which propelled our economy to almost eight years of robust growth.
Now is the time for the people to think about their options. For many, the choice should be easy as everyone slips their paperwork through the mail box slot.
April 15th, 2008 at 5:28 pm
A wee dram of reality denial going on here. Bush has driven the national debt off of the charts, with spending completely out of control. Middle class taxes fuel this mindlessness while the upper and lower economic classes pay little to nothing. I paid more this year than GE Energy Systems. So don’t piss down our backs and tell us it’s raining. It’s reality deniers like you that empower the gutting of the middle class by political and corporate predators. Go look in the mirror.
April 16th, 2008 at 2:35 pm
hate to break this to you Halifax, but if you pay more than “GE anything” - then chances are - you have bid adieu to the middle class quite some time ago. You are proof that the wealthy ARE paying their fair share. Nice work by the way. Oh and if you look in the rear view mirror - those of us still in the middle class will be giving you a big thumbs up. At least I think thats a thumb…
April 17th, 2008 at 9:05 am
Another wee dram of reality, Businesses don’t pay taxes. They pass all taxes on, eventually to the end consumer. Only those who have only their labor to sell pay taxes.
Another wee shot while we are at it, all the GE employees pay plenty of taxes. And wouldn’t have the pleasure of paying taxes if they we not employed by GE.
Pretend to “TAX” GE heavier and fewer employees would have the honour (staying in character here) of paying taxes.
April 17th, 2008 at 7:06 pm
I might be reading this wrong, but it looks like GE energy had $907 million in profits the first quarter. I don’t see where it lists taxes paid by segment, but if you figure GE had total profits of $6.28 billion, and it paid $758 million in taxes total, then GE energy would have accounted for roughly $109 million in taxes.
FWIW: the National Taxpayer’s Union analysis of the candidate’s spending proposals.
http://www.ntu.org/main/page.php?PageID=141
More useless info: If federal budget outlays were the same in 2006 as they were ten years earlier, 1997, there would be no need for a personal income tax. The personal income tax amounted to about $1 trillion in 2006, and federal outlays have increased by as much since 1997. Can’t blame all of that on the Democrats.
http://www.cbo.gov/budget/data/historical.pdf
The numbers don’t quite work for the ten years 2007-1998; it’s off by about $86 billion. But who doubts there would be an additional $86 billion jump in other forms of tax revenue after eliminating the entire personal income tax?
Of course, it’s hard to maintain a flat budget like that as long as the federal reserve keeps inflating the currency…
Oh, and if the dollar was still backed by gold instead of manipulated by the federal reserve, the price of a barrel of oil would be identical to what it was in 2001.
http://www.agiweb.org/workforce/Currents-007-OilByCurrency.pdf
That’s just evidence of that “hidden” tax called inflation. Did you know that at the rate the federal reserve inflates the currency, your savings loses half its value about every 15 years? It’s really a good system… if your objective is to prevent people from saving anything so that when they retire they are forced to rely on government handouts (social security) for the rest of their lives.