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24 - Letter: Taxing our children
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Mr. Obama seems headed in that direction. His budget aevisors are looking at cuts in veteran medical care and increasing costs in Medicare eligible non-working retirees to the tune of $100+ billion. There are other things being done we don't usually hear about, such as some of his picks for cabinet posts. Sure he wants change, but the persons selected should at least be conversant with the field they are going to oversee.
It appears he is trying to roll everything back to the 'good' old Clinton days. Days when government was based more on political connection than security, fairness and truth. Days when the President surrounded himself with only 'yes' men.
Good luck. May God Bless the United States of America.
I expect he will make a very good president.
Question, when Obama makes it harder for employers, such as myself, by over taxing us because we are supposedly rich. What happens to the person that was formally employed by my company and was let go because the cost of doing business was just a little to much to stomach? I know, Obama will just put him to work on a road crew somewhere. Too simplistic this nation is!
This alternative energy is one big 'pipe dream'. we will always depend on oil for our energy and alternatvie energy will be a suppliment to that.
Wouldn't it make more sense to lower income taxes (thus increasing the purchasing power of each individual) and let people buy or invest their money.
Then, to take care of the new spending AND oil imports, he could increase the oil royalty rates to 20% and start drilling. The oil royalties alone on the US daily consumption would be nearly $230 million, PER DAY. That equates to $83 billion per year. So, if Obama wants to spend more, let him start to pump out oil and get the money that way. Those figures do not include taxes on the oil companies, which amount to billions of dollars per year.
Dude, where have you been living the last 8 years?
Roosevelt used SS funds to build the Atomic Bomb, Truman used SS Funds, Eisenhower used SS to build the Interstate and Kennedy and every President since has used SS Funds. The so called Social Security Trust Fund exists in name only, and they are comingled with the general fund.
Nice try to blame Bush, but hardly original.
Obama's tax hike would, perhaps, be on people making more then $250,000, and his tax "hike" is based on letting the Bush tax cuts for the rich expire. So for instance capital gains tax rates going from 15% to 20% if you make more then 250 grand (and forgive me if my numbers aren't 100%. that was just a quick google)
But let's say that people making more then $250,000 get a tax hike. And you state that you are in that group, so you are saying you make at least $250,000 a year.
Well, that equals 20,833 dollars a month. Yes, a month. Utah has an average weekly wage of $660 according to an article in the D-news on Nov 30, 2006: Utah Wage Ranks 40th.
So the average wage in Utah is $2640.00 a month. You make at least $20,833.00 a month.
Which get's to my question, how dare you say you are "supposedly" rich.
Fact: Under Clinton, we paid for our government.
Fact: Under Bush, we didn't.
And it's the democrats that are selfish and out-of-touch with reality? Right.
Since the 80's the very rich (top 5 or 10%) have an even greater share of the nations wealth. The republican answer to this is to lower taxes in such a way that they get the lions share.
CEO's and other corporate execs get 450 times what the average worker does, is this fair? There is no evidence that this increases their performance either. It actually causes them to game the system to give them income they don't deserve.
There should be income differences according to ability, willingness to work hard, take risks and luck, but these income differences are too wide, they need to be narrowed.
CEO's don't need 50 million per year to live and we have plenty of people who can't even get or afford health insurance.
My cousin is a hard working plumber and he can't get if because of pre-existing conditions in his family. This is why we need national health care.
Sure it is possible to do it dumb, as in England, but look at how Taiwan has done it. They have socialized medicine and it works pretty good over there.
We Americans, we can too.
Fact: Under Clinton the accounting practices that the government uses were changed to make it appear that there was a budget surpluss.
America can't succeed if Obama fails. I hope that's one thing we've learned from the past 8 years. You can't just spend all your time and effort tearing down the President for political gamesmanship and not tear down the whole country at the same time.
I hope Republicans can be a better minority than the Democrats in Congress were. I hope they don't decide to play like the Democrats did and invest 100% of their time and effort in blocking anything the President does, doing everything they can to make him look bad and insure his plans don't succeed, investigating everything he or anyone in his cabinet does in hopes of finding something they can send them to jail for, impeach them for, or at least make them look bad in the media and the public eye.
We need to unite behind Obama and quit the political one-up-manship that's been monopolysing the thoughts, time and efforts of Congress and the media for the past 8 years.
Give Obama's plan a chance.