Calling A Tax Increase A Tax Increase
A message to all members of Patriotic Resistance
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President Obama, Nancy Pelosi and Harry Reid are about to [in order to get around a Donk filibuster through reconciliation] |
JASmius adds: "Some in the GOP" does not include the next House Majority Leader, Eric Cantor, who doesn't appear to leave any room for those "somes," whoever they are:
As the failed stimulus illustrates, a government redistributing hundreds of billions of dollars—much of it to achieve social and political goals—is far worse at allocating capital and creating jobs than private industry. This year’s battle over taxes is thus a fight to allow businesses, taxpayers and private industry to keep more of their money so that they can provide real stimulus and lasting growth to the economy.
Yet it would be a mistake to view this tax increase in isolation. It must be seen in tandem with passage of the new health-care entitlement (enacted at a time when we should be exploring how to preserve and strengthen our current entitlement programs), the stimulus, and the 2,000-plus page labyrinth of new financial regulations. The reality is that this tax hike is just one more step along the way to creating an anticompetitive new norm in this country marked by bigger government, less growth and structurally higher taxes and unemployment.
The strategy to achieve the progressive left’s endgame is simple. First comes the provocative class warfare rhetoric. Second comes the vast assumption of government control over the economy. Third comes the growth of government spending and entitlements. And alas, higher taxes on our nation’s job creators and workers.
The only way out of this economic morass is through innovation, entrepreneurship and economic freedom. President Obama’s impending tax increase is not just a hike on a few “millionaires and billionaires,” as the White House tries to frame it. Roughly half of all small business income in America will face a higher rate, making this tax increase a direct assault on job creation and innovation. Coming from an administration heavy on officials with no business experience, this is a clear signal that the White House is determined to continue to spend recklessly and expand the entitlement net.
That’s why we’re not backing down.
Heritage previews the damage.
Red Barry will ensure the biggest tax increase in American history and a depressionary collapse next year, with his veto pen, if necessary. And all Americans are going to know it before they go to the polls in six short weeks.
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