SPECIAL POST
Obama and Biden are both
unabashedly calling for $1 trillion in additional taxes on the American
public. Here’s what actually happens in
the Obama- Biden scenario:
- Capital gains tax rises from 15% to 23.8%, a 60% increase
- Top two income tax rates go up 20%’
- Dividends tax will increase 200%
- Medicare payroll tax goes up by 62%
- New death tax at 57%
- Corporate income tax rate goes to 40%, highest in the world
And we haven’t even
talked about the ObamaCare tax yet, which kicks in in 2014.
As for spending cuts,
forget it. The only spending set to
decrease is defense; everything else goes up.
More entitlements, more people on the dole and continued high
unemployment. No cut in the budget, no
cut in the deficit.
You want four more years
of this? What are you, anyway, a glutton
for punishment?
That’s MY AMERICAN
OPINION, respectfully submitted.
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