Sunday, January 18, 2015

Highlights of Obama plan to tax wealthy

AP News Jan 17, 2015

The White House says President Barack Obama will propose in his State of the Union address a plan to impose higher taxes on the wealthy and use the revenue to help middle-class families. Congress would have to agree, and lawmakers have rebuffed Obama's earlier proposals to eliminate certain tax provisions and spend the money on road and bridge repair, for example.


My Take - You will notice there's no provision for less spending.   And why?  Because we don't have a spending problem, we have a revenue problem according to President Obama.   Obama claims the government is losing tax money on inheritance money, and since it's money they're not permitted to tax....that's a logical fallacy.  You can't lose what isn't yours.  In point of fact the government has no money it doesn't extort from society.  And how long would it be before he would use another class warfare scheme to extort more money in order to spend even more? There's also no provisions to end the waste, fraud and the incompetence that permeates the federal government.  A government so big it's impossible to manage filled with employees that are almost impossible to fire. 

If there ever was another argument for the repeal of the Sixteenth and Seventeenth amendments.....this is it!
 

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