Tuesday, November 23, 2010

TOUGH DECISION

It cannot be emphasised enough. The time has come for the Republicans to be resolute in their efforts to stop many if not all of the government programs of B. H. Obama. The first test will be on the issue of individual income tax rates.


On this question of income tax rates, all Americans well realize that the Bush Administration's reduction in tax rates is set to expire on January 1, 2011. If no action is taken by Congress then the old, higher rates will be reestablished and more dollars will fly out of the pockets of tax payers. That is, money will fly out of tax payers' pockets and into the coffers of the federal government. Obama has taken the position that he feels the reduced tax levels should remain only with the individuals who earn less than $250,000.00 per year.

There is a real dilemma.

Our economy remains weak and our indebtedness to foreign nations remains untenable. This fact alone suggests that more tax money is needed to reduce this international debt which is substantially held by Communist China. It is just not in the best interests of America to be heavily indebted to the most powerful Communist nation in the world. The obvious problem is that Obama has shown no interest in reducing this portion or any other portion of our national debt. Additional amounts of any tax income will be utilized by Obama to fund social/economic programs promoting liberalism/socialism/progressivism and not to lower what we owe other nations.

The dilemma continues.

The American economy stinks. It is not, hopefully, getting any worse but it is also not getting any better. To remove any disposable income via taxation from the wallets and purses of Americans can only cause a continuation of the to-near-to-bear economic recession we are currently living through. If there is no money to spend then there is no growth in consumer activity which then puts a halt on increased industrial production as well as new employment. At best we as a nation will stagnate.

This may already be happening in that Washington has announced that in the month of this just past September there was a total reduction in the amount of disposable personal income available to Americans. That reduction was in the amount of $16,800,000,000.00. Less money to spend means only that there is less chance for the economy to grow.

Back to the point. Congress must take the position that ALL tax levels remain the same and make no compromises on this issue with Obama. This Presidential Administration must be shown that when it comes to money, the House of Representatives runs the show. Congress can not surrender even a little to the Obama plans for it will show a weakness and a lack of strong intention to take the lead in national matters.

Most recently Dick Morris wrote, "... President Obama has not learned the lessons of 2010 and likely never will." The new membership of the House of Representatives has to be strong and firmly set the standards and guidelines by which BHO can lead America.

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