The following are excerpts from U.S. Congressman Ginny Brown-Waite, of the Ways & Means committee, newsletter to her constituents:
Congress' sp...
The following are excerpts from U.S. Congressman Ginny Brown-Waite, of the Ways & Means committee, newsletter to her constituents:
Congress’ spending binge began with one trillion for the so called ‘stimulus’ which only stimulates more government & more debt.
This week we have learned more of Obama’s proposed budget which increases our national debt by more than three trilion dollars over the next five years and RAISES TAXES ON ALMOST EVERY AMERICAN & SMALL BUSINESS.
President Obama’s budget proposal is troubling due to the massive tax increases. His budget contains tax increases are hidden in using language like Cap and Trade when it shoul really be called "Cap and Tax".——This proposal will TAX ANYONE IN THE U.S. WHO USES ELECTRICITY. President Obama’ economic advisors have admitted the budget proposal is misleading & that just when they expect the economy to recover, President Obama plans on instituting a trillion to trillion tax on all Americans who use electricity.
Another misguided tax increase is an attempt to reduce the extent to which some Americans may take Itemized deductions on charitable donations. The administration estimates the reduction will yield 8 billion in revenue in 10 years. This will discourage charitable giving at a time when charities are seeing a rise in the demand for their services because of the struggling economy. President Obama’s budget makes clear that he favors a massive expansion of the entitlement state in which the federal government will take the place of private charities.
President Obama’s budget proposal also contains cuts to the popular Medicare Advantaage program; means testing for Medicare Part D in order to push more seniors out of the prescription plan; and a cut of billion in funding for the DEPARTMENT OF HOMELAND SECURITY so that he can increase the budget of the State Department more money to SEND OVERSEES hardly seems like an effective use of tax dollars.
Congresswoman Brown made clear that President Obama’s budget proposal is just that; a proposal. It is the beginning of the budget process, not the end. The law requires the President to submit a budget to Congress but the law does not bind Congress by the President’s budget. Congress has the discretion to reflect different priorities than those of the President.
From heidi4: Please everyone contact your own representatives and let them know how you feel on these issues. They forget but we must remind them they work for us!
Tags: binge, budget proposal, charitable donations, committee newsletter, congresswoman brown, department of homeland, department of homeland security, economic advisors, ginny brown waite, massive expansion, massive tax, means committee, medicare part d, national debt, next five years, prescription plan, private charities, stimulus, trilion, using language
Posted in Tax Deductions Q & A | 5 Comments »
Budget..entitled, ironically, “A NEW ERA OF FISCAL RESPONSIBILITY
AOL News ^ | March 13, 2009, 8:02am |
Sen. Dave Gregg points out blow by blow the HYPOCRISY riddled through Obama’s Budget entitled ironically, “A New Era of Fiscal Responsibility.”
Gregg writes, “The argument that this budget doesn’t have tax increases is, I think, an Alice and Wonderland view of the budget.”
-Raising the tax rate from 35% to 42%, eliminating deductions on mortgages and on charitable deductions. Small businesses will be feel the burden the most.
-“Cutting the debt in half in four years is truly spurious, because you take the deficit and quadruple it, and then you cut it in half, that’s like taking four steps back and two steps forward. You’re not making any progress. You’re still going backwards.”
-Raising “a massive sales tax, a national sales tax on everybody’s electric bill, especially people in the Midwest and the Northeast. And what do you do with that revenue? You don’t use it to contain the size of government. You use it to expand government.
"There’s a representation that 80 percent of the first billion is going to go for your make-work-pay tax credit, but the next 20 percent goes to raise the size of the government.
And then on top of that you’re going to get another 0 billion potentially, and there’s no representation of that coming back to taxpayers."
"In fact, there’s specific language which makes it pretty clear that that’s going to be used as walking around money for various constituencies that are interested in spending it."
"They may be worthwhile constituencies, but it’s a heck of a tax burden to put on the American people.
And it represents a massive expansion in the size of government.
I guess that’s my big problem here."
ooops, I got Gregg’s first name wrong…. but I think you know about this man…. smile..
yet, its AOL… because the major news networks have been discredited as purveyers of lies..
HAM O BAM A
for the record: obama’s goons approached Gregg…… then lied to cover their behinds since obama can’t stand to loose….ego-centric
Tags: alice and wonderland, aol, blow by blow, charitable deductions, constituencies, fiscal responsibility, four steps, hypocrisy, major news, massive expansion, national sales tax, new era, news networks, sales tax, small businesses, tax burden, tax credit, tax increases, tax rate, two steps
Posted in Tax Deductions Q & A | 9 Comments »