Aug 2, 2009

Tax Increase (hint, again)

I’ve said it since the start of the Obama Administration and I’ll say it again, “No administration can give huge amounts of money out, maintain total government involvement, and increase government without raising taxes”. That is just a simple fact that has been proven time and time again throughout history. Big government requires money to operate. Now Obama made himself popular (you know, how you get to be President) by saying only the rich would be taxed. It sounds good in theory. Sure, punish the people who have worked hard to get what they have, increased their income over years, and require them to pay for everyone else’s programs. Sure, that’s fair. That is, it’s fair if we live in a socialistic society. We don’t. If we did live in a socialistic society, then there would be no rich people and we would rapidly move toward a communistic society. But that’s enough; just know that the rich are going to be taxed. If you make a certain amount of money, then you are likely already paying increased taxes and you will next year when you file again. Look for those taxes to increase again drastically in 2013. Why 2013? Obama will be on his second term and he won’t need your donations (or your votes) to run for office. That will be the time he increases taxes on Americans again.

Now, keep in mind what I said about the government will raise taxes. Now, look at what Tim Geithner told in a recent interview on ABC News’ “George’s Bottom Line”Link:

To get the economy back on track, will President Barack Obama have to break his pledge not to raise taxes on 95 percent of Americans? In a “This Week” exclusive, Treasury Secretary Tim Geithner told me, “We’re going to have to do what’s necessary.”

Geithner was clear that he believes a key component of economic recovery is deficit reduction. When I gave him several opportunities to rule out a middle class tax hike, he wouldn’t do it.

“We have to bring these deficits down very dramatically,” Geithner told me. “And that’s going to require some very hard choices.”

If you ask me, it is very interesting that the man who is the Secretary of the Treasury won’t rule out possible tax increases on the middle class. Apparently, not only did George Stephanopoulos find it interesting, but CNNCNN Link picked it up as well.

As I’ve said here, I have issued a warning of tax increases on several occasions. No longer is it just coming from common bloggers like myself, it is hitting the mainline media as well. My advice is simple, if you want to block Obama from raising your taxes, you’d better get out in 2010 and vote for Republicans in the Congress and in the House of Representatives. It doesn’t matter whether you consider yourself a Democrat or Republican at this point. The fact is, should the Democrats in Congress and the House continue blind support of Obama and his views, your taxes are going to go up. It would be in your pocket book’s best interest to have someone willing to fight on your side and the way I see it, that someone is going to have to be a Republican. On the other hand, if you like giving your money to other people such as car companies, banks, etc, then keep your Democrats in office. I’m sure they will be more than happy to explain, as they take your money, just how it required some “very hard choices”.