Get those rich people to pay more, and maybe ninety five percent of us can be
exempt. The American dream is alive.
The administration and Congress are already set to increase taxes beginning in
2013 through the ACA.Who pays: About 2.5 million households —
individuals making more than $200,000 per year, couples $250,000.#How much: A 0.9 percent Medicare tax on wages above those threshold amounts;
an additional 3.8 percent tax on investment income. Should raise $318 billion
over 10 years.Who pays: The 28 million people who visit tanning
booths and beds each year — most of them women under 30, according to the
Journal of the American Academy of Dermatology.#How much: A 10
percent tax on the price of tanning. Expected to raise $1.5 billion over 10
years.Who pays: Insurance companies or businesses that provide plans
with premiums of more than $10,200 per person or $27,500 per family, not
including dental or vision coverage. Employees covered by these so-called
"Cadillac" benefits probably will feel the pinch.#How much:
40 percent excise tax on any amount of premium that exceeds the threshold.
Expected to raise $111 billion over five years.
And there is more:Who pays: People who set aside tax-free savings to
pay for health care.#How much: About $33 billion over 10 years#The lowdown: The law limits annual contributions to medical Flexible
Spending Accounts to $2,500; there was no government limit before. Many
employers had allowed $5,000 in the accounts, and some even more. Who pays: People with big medical or dental bills who itemize deductions.#How much: Almost $19 billion over 10 years. Currently, taxpayers have
to spend more than 7.5 percent of their adjusted gross income on medical care to
qualify for a deduction. The threshold will rise to 10 percent. So a household
with income of $50,000 would have to spend $5,000 on health care before
deducting amounts above that.
We borrow a trillion a year. The Obama administration proposed cuts of $1.6
trillion spread over ten years. Umm, let's see $160 billion a year.
Okey-dokey, that's a start. But can you make faster progress? The fiscal
cliff is this year not next year.
These negotiations are complex and the numbers need to be run carefully. And
constituents need to have time to mull over the possibilities and respond to
their representatives.Perhaps that is why the sequestration concept was
approved in November of 2011. And Simpson-Bowles was TWO YEARS AGO. Big
changes require real planning.But our so-called "leaders" did not
lead. They put this thing off to the last minute so they could win their
elections without making the hard decisions.My ten year old son is not
allowed to procrastinate like that. Why are we tolerating that from our elected
officials?This will be another mess laden with unintended consequences.
How could it possibly be anything else?
“(BO) will support an unspecified amount of spending cuts”Where is the outcry from libs over BO’s lack of specifics?“(BO) asked for approval by year's end of …$25 billion to
prevent a looming Jan. 1 cut in fees for doctors who treat Medicare
patients”So all the “savings” from medicare to pay
for Obamacare was nothing but a LIE!How can ANYONE say BO is serious
about cutting spending when he’s asking for $30B MORE for jobless aid,
$25B MORE for medicare, $50B MORE for another porkulus, undisclosed amount (over
the $25B-$40B already in TARP) for homeowners – OVER $105 BILLION in NEW
spending???Metamoracoug,“Who pays: …women under
30, according to the Journal of the American Academy of Dermatology.”So really it’s BO and Obamacare that is waging war on women, despite the
misinformation put out by the BO campaign
Imagine 100 million Americans refusing to pay Obama's tax increases! What
can Obama do? Lock up 100 million people? Government by the people for the
people and of the people, not just the 47% whose integrity and loyalty can be
bought off with entitlements!
The article omits Obamas demand that the debt ceiling be eliminated, leaving him
free to borrow and spend as much as he pleases.
@Mountainman Right on!@KDave He really wants to be a Commissar!Yea lets trust Obama to agree to future unspecified cuts later. Are you
$1.6T in more taxes to spend on entitlements, in exchange for more empty
promises about cutting spending?That should have gotten more than a
"cold shoulder". Call it what it is: A Pork Shoulder.Time
to legislate three more fiscal cliffs, set at the end of every quarter next
year, until the President and Congress get serious about controlling and cutting
spending of MY MONEY!!!
I just had this explained to me and it makes perfect sense. Obama wants to go
over the fiscal cliff. That way taxes are raised on everybody.The Military is
cut, and the Dems would love both of those. Then he blames the Republicans for
all of that. He comes back after he takes the oath(during which he keeps his
fingers crossed behind his back) and calls for tax cuts for the middle class.You
can not trust him no way no how in anything.
Republicans should hold firm on BO's commitment for $10 in cuts for every
$1 raised in revenues. We need Bill Clinton back in office. That man got it
right and got it done!
For everyone complaining about the government "taking your money": You
wouldn't have it if the government hadn't invested heavily in your
success. Every citizen of this country owes our government a debt much higher
than can ever be repaid. Our government has kept you free and safe to conduct
your business and live your life. Your food is way cheaper than it should be
because of government policies, as are many of the necessities of life. Your
education, in whole or in part, was provided by the government. It's time
to quit complaining that the government expects a return on its investment. Our
personal taxes are already among the lowest in the world. Want lower? Move to
"You wouldn't have it if the government hadn't invested heavily in
your success .... "Does Solyndra ring anyone's bell?? Our
"government" knows how to WASTE billions upon billions. Wake up.AgentP - I hate to break the news to you, but "the (United States)
government" is not the reason why this is the greatest nation on earth. And
you say "our government has kept you safe and free ..." - well, tell
that to the families of the four Americans murdered in Benghazi. And to add
insult to injury, Barack Obama, Susan Rice, and etal shamelessly lied to the
American public about it.By the way AgentP, our food is
"cheap" because the American farmer has figured out how to produce 140
bushels of wheat per acre, not because of "government policies". Get
This is the worst President in the history of the United States of America.
Tom, Study up a bit more ... the US GOVERNMENT HAS been behind the funding and
promotion of public health initiatives, ggricultural research to increase crop
yields etc etcthen we can also mention -- public schools, public
roads, funding of infrastructure build outs -like electricity, natural gas
lines, financial system guarantees, stable insurance for savings, etc etc,
stable, enforced property laws, funding the creation of the internet, the
interstate highway system .. NOt TO MENTION the defense of all of this ... so
read up a bit more Tom from Vallejo
@ AgentP"For everyone complaining about the government
"taking your money": You wouldn't have it if the government
hadn't invested heavily in your success. Every citizen of this country owes
our government a debt much higher than can ever be repaid."The
only way government can spend money is through taxes. They produce nothing. And
where did those taxes come from? Mostly from people that are employed. That
means someone like a business paid them a wage. The truth of the matter is that
businesses paid for those so called things you claim the government provides us.
It is trickle down from profits to wages and finally to taxes. So those benefits
you claim would not exist without the government… Think again. You owe
free enterprise a debt higher than can ever be repaid.