WATCH OUT FOR YOUR WALLET! HEFTY TAX HIKE
COMING ON 1/1/11
Will liberal Democrats Miller, Clyburn and Spratt side with Pelosi to let it happen?
(Columbia, SC – July 28, 2010) Here is a riddle: When is a tax hike not a tax hike? Answer: when liberal Democrats like Rob Miller, Jim Clyburn and John Spratt allow tax cuts to expire at the end of this year, thus making your taxes go up.
Don’t be fooled by the Democrats’ election year rhetoric about “increasing taxes on the rich.” Yes, the wealthiest citizens will pay more. And so will you, too. In fact, you’ll be surprised to find that under the Democrats’ definition, you are now “rich,” because starting next January 1, every American who pays income taxes will feel the pinch. And it won’t be pleasant.
Just look at these numbers:
• A family of four earning $50,000 per year could pay $2,100+ in higher taxes.
• A single mom earning $36,000 per year could pay $1,100+ more in taxes.
• Married senior citizens earning $40,000 per year could pay $1,400+ in higher taxes.
Source: Committee on Ways and Means Republicans
And it doesn’t stop there. Taxes will also go up on capital gains (the investments needed to grow our economy), small businesses and more. Even the Death Tax will be resurrected from the grave to haunt us once again. The final tab for this cash grab on American citizens is expected to total $3.8 Trillion annually. That’s Trillion, with a “T”! There’s no escaping it: one way or another, the coming tax hike will take a big bite out of your bottom line.
Why do the Democrats want to take all that additional money from us? To help pay for the biggest expansion of the Federal Government since LBJ’s “Great Society” sent Washington on a runaway spending spree nearly 50 years ago. Now history is repeating itself with the “Obamacare” hijacking of our national health industry and a bloated federal stimulus program that has grown way too big for it’s britches.
Which brings us to Rob Miller, Jim Clyburn and John Spratt. These pro-Obamacare, pro-Big Government liberals enjoy talking like fiscal conservatives in their districts. But when they’re talking in Washington, they’re all in favor of Obamcare and the bloated stimulus bill. Yet ask how how they would pay for them, and you get a lot of political hemming and hawing. It’s so bad, in fact, the House Budget Committee (which Spratt chairs) didn’t even bother writing a Federal budget this year!
Will Miller cheer while Clyburn and Spratt stand with Nancy Pelosi and the Democrat House leadership and do nothing as they silently allow higher taxes to go into effect? The people of the South Carolina deserve an answer.
So come December 31st, the clock will tick down to more than just the end of 2010. Unless bold legislative action is taken immediately, when the hands reach midnight we’ll all be glumly shouting “Happy New Year! Higher taxes are here!” Will Miller, Clyburn and Spratt lift champagne flutes to toast their arrival, while gleefully scheming ways to fund even bigger government expansion?