Tax Cuts: Maybe or Maybe Not?

by: jason hammond | published: 09 18, 2010

John Bohener (House Minority Leader) indicated that he would be willing to consider supporting a bill that would extend some of the Bush Tax Cuts.  In this article, Bohener basically is sending out the compromise signal to the White House.  Sounds like to me Bohener rather walk away with something rather than nothing. For those who make over $250,000 a year, both sides of the aisle rather let your taxes increase to unreasonable rates.  Yes, they are unreasonable for people in the over $250,000 bracket.  Why?

The people in this bracket have investment cash and ready to invest into our economy.  The people in this bracket have been very successful in their work, ideas, innovation and investing.  There is no reason to punish these people for their successes.  I am glad for them and hope they continue succeeding!  That is the beauty of capitalism.  However, our beloved President does not like capitalism and cannot stand the thought of someone else having more money than someone else.  Thus, we must FORCE them to pay their "fair" share (as defined by the government) into the government's coffers.

Forget about what he says are the economic reasons for taxing the rich higher rates.  This is truly about his end goal of redistributing wealth to segments of the population that are the base of the democrats voting bloc.  If you don't believe me then your head is in the sand.

Remember this statement?

And also remember this one?

Hummm....paying my taxes and then more of them doesn't seem like the neighborly thing I want to do.  I think most Americans would agree with me on that.

Instead of wealth he is spreading around, it is opportunities he is so generously and benevolently spreading around.   It is not providing opportunities to people when other people are FORCED to pay out their nose for others.  That is what I call Robama Hood in action.  Stealing from the rich and giving to the poor.

My friends, do NOT be deceived by his soft spoken words on how increasing tax rates on the rich are going to somehow put this economy back to positive growth.  It is a small step in a grand scheme to level the income for all of us.

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