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Posted: 9:22 a.m. Tuesday, July 10, 2012
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By Neal Boortz
Coming off of a pathetic jobs report, a Romney fundraising blowout and a somewhat mixed reaction to the Supreme Court decision, Obama’s propaganda team got into full swing this week. They decided that they needed to get back in habit of controlling the message. Why? Because this allows them to dictate their latest distraction of the week! And this week’s distraction is … the Bush tax cuts. More specifically, raising taxes on the evil rich.
So why do I call it a propaganda distraction? Because this proposal to raise taxes on the evil rich is nothing new. Obama proposed something similar as recently as February when he offered a budget to Congress. But he’s been asking for this tax increase for years, and he didn’t manage to accomplish it even with a Democrat-led House and Senate, so why does he think he will make headwinds now?
Answer: He doesn’t. All of this is for nothing more than grandstanding and pushing the issue of wealth envy to the forefront of this campaign. After all, the Obama campaign has already admitted that this campaign will be about class warfare. This is just their attempt to get back on message. And the ObamaMedia is perfectly willing to fall in line.
The truth is that Barack Obama is calling for tax cuts, in addition to the ones that are already set to take effect. Oh, you don’t remember those, do you? In addition to the increase in income tax rates from 35% to 39.5%, Medicare taxes will be increasing on the wealthy. On earnings, Medicare taxes will increase an additional 0.9% on earned income over $200,000. On investment income (never before subject to Medicare taxes), rich Americans will start paying a 3.8% tax on a portion of their investment income.
Now, the Democrats and the Obama propaganda team would like you to disregard any evil conservative attempt to point out the impact of this tax increase on small businesses. Nothing to see here, move along! But the truth is that this tax increase will impact more than 50% of all independent business income. According to the congressional Joint Committee on Taxation, “next year 940,000 households within the top 2 percent will report net positive business income and will face marginal tax rates that would be 36 percent or 39.6 percent under Obama’s plan, up from 33 percent and 35 percent now. That represents 3.5 percent of taxpayers who have business income and 53 percent of net positive business income.” Proggies will try to downplay that this only affects 2 or 3% of tax payers, but almost a million small businesses seems like a sizable portion to me! And these small businesses are where the job creation is!
During Obummer’s speech yesterday, he also resorted to one of the more heinous excuses for liberal logic. He says that sustaining the current tax rates for the evil rich puts too big of a hole in our budget and “we can’t afford to keep that up.” Don’t you just love that? Liberals believe that, by default, that money belongs to the government and the government gets to decide how much you get to keep. How else can you come to the conclusion that the government can’t afford to let rich people keep this money? Because the money is not earned by the rich people; it belongs to the government.
Caesar Obammus will tell you that this isn’t radical. He says that he isn’t “proposing anything radical here.” Wow, that makes me feel all the better. Just because this Marxist hack doesn’t believe that increasing taxes on the rich for the purposes of his political furtherance isn’t radical, doesn’t mean the rest of us hard-working Americans have to stand for it. Just because this man believes that he has the power to dictate when he believes I’ve made enough money, doesn’t mean I have to stand here and take it.
In fact, I won’t. In January 2013, Obama will have a lot harder time getting anything from my sorry butt.
Neal Boortz chronicles his 42 years of talk radio in his book "Maybe I Should Just Shut Up and Go Away" Available on line and printed from Barnes and Noble and Amazon.
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