Barack Obama has convinced a lot of people of the notion that if we just tax the rich, everything will be fine. You can call him obnoxious, and you can call him arrogant, but Obama got Mitch McConnell to sell out the American people, he got the Senate to act unconstitutionally, and he got members of the Republican Party to agree to $1 in cuts for every $41 in taxes (and as the democrats did in 1982, when the ratio was $3 in cuts for every $1 in taxes, a compromise the liberals like to use to call Ronald Reagan at tax raiser, the spending cuts will never occur).
The President's call for more taxes, and a reluctance to cut any kind of spending, has been at the forefront of the news. Obama blamed the republicans for failure to reach a deal, even though he has rejected every GOP offer.
The danger of the democrat-labeled fiscal cliff, which is the expiration of the Bush Tax Rates on everyone (the democrats call them the Bush Tax Cuts to use language to manipulate public opinion), is being used by the democrats to frighten republicans into making a deal, even if it is a bad deal.
To get things done, President Obama turned to the Senate, where it is unconstitutional to originate a revenue-based piece of legislation.
The Kentucky Senator said, “Not only are they raising taxes — maybe on a smaller percentage of people but a large amount of money — but they’re also going to spend more money. So it’s a spending bill."
Paul, a Tea Party Republican, continued, “I object to increasing spending and increasing taxes. That’s really the real deal killer for me. If it were just tax rates, and you told me I had the choice of protecting 99 percent, I would vote … for that. Once Democrats sign on board in the House, it should pass as well.”
The Senate deal now headed for the House of Representatives keeps the tax rate the same for individuals earning less than $400,000 and couples earning less than $450,000. Anyone over $400,000 (or $450,000 for couples) will suffer punitive tax rates designed to redistribute the wealth from the successful to those being paid to remain poor by an array of federal and State entitlement programs.
Rand Paul, about the only member of Congress left in Washington willing to uphold his oath to preserve, protect, and defend the Constitution of the United States, slammed the spending bill the Senate proposed to avert the so-called fiscal cliff.
The Kentucky Senator said, “Not only are they raising taxes — maybe on a smaller percentage of people but a large amount of money — but they’re also going to spend more money. So it’s a spending bill."
Paul, a Tea Party Republican, continued, “I object to increasing spending and increasing taxes. That’s really the real deal killer for me. If it were just tax rates, and you told me I had the choice of protecting 99 percent, I would vote … for that. Once Democrats sign on board in the House, it should pass as well.”
The Senate fiscal cliff bill is unconstitutional, a call for a massive increase in spending, and a call to punish the producers of society for daring to reach success. Bad deal for our economy. Bad deal for America. A good deal for those desiring that America move closer to becoming a socialist nation clinging to Marxist principles.
-- Political Pistachio Conservative News and Commentary
Democrats Want Reagan Back - American Thinker
Obama's Call for More Revenue Next Year Angers GOP Senators - Roll Call News
White House, Senate GOP reach cliff deal - MarketWatch
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