Source curtis s dubay
Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history.
Starting January 1, 2013, Americans will face a $494 billion tax increase. Bernanke has warned that it will be a “massive fiscal cliff” for the economy.
That families will see an average tax increase of $4,138. Baby boomers’ average increase will be $4,223, and low-income taxpayers can expect a $1,207 increase. Millennials will be hit with an average hike of $1,099, and retirees $857.
60 percent of the Bush tax cuts went to middle- and low-income taxpayers. The expiration of the patch on the Alternative Minimum Tax (AMT) will cause these taxpayers to pay a tax that was never supposed to hit them, and the expiration of the payroll tax cut is a tax hike almost exclusively on middle- and low-income families.
tax policies in seven different categories will expire, and just five of the 18 new tax hikes from Obamacare will begin.
About a third of Taxmageddon’s increase comes from the expiration of the 2001 and 2003 Bush tax cuts. These cuts are best known for reducing marginal income tax rates, but they also reduced the marriage penalty, increased the Child Tax Credit and the adoption credit, and increased tax breaks for education costs and dependent care costs.
Congress and President Obama have developed a penchant for waiting until the very last minute to act on pressing tax legislation. The threat of Taxmageddon is clouding jobs and family finances now. “I have approved fewer regulations in the first three years of my presidency than my Republican predecessor did in his.”
The fact is that during his first three years in office, the Obama Administration unleashed 106 new major regulations that increased regulatory burdens by more than $46 billion annually, five times the amount imposed by the George W. Bush Administration during its first three years. Hundreds more costly new regulations are in the pipeline, many of which stem from the Dodd–Frank financial regulation and Obamacare. Conveniently, of course, many of Obamacare’s main provisions—including tax increases—don’t kick in until 2014.
Many long-standing policies that all expire at the end of 2012.
Taxmageddon Is Huge Taxmageddon is a $494 billion tax increase.
Usually tax and budget policies are evaluated on estimates over 10 years. A 10-year tax increase of Taxmageddon’s magnitude would be off the charts. By comparison, all the tax increases in Obamacare—itself an enormous tax increase—raise $502 billion over 10 years, which is almost as much as Taxmageddon will increase taxes just in 2013.
Taxmageddon’s Sources Almost 34 percent of the tax increase from Taxmageddon comes from the expiration of the 2001 and 2003 Bush tax cuts. These cuts are best known for reducing marginal income tax rates, but they also reduced the marriage penalty, increased the Child Tax Credit and the adoption credit, and increased tax breaks for education costs and dependent care costs. Another 25 percent of Taxmageddon comes from the expiration of the once-temporary payroll tax cut. The expiration of the patch on the Alternative Minimum Tax (AMT)—which would raise the income threshold over which families qualify for the AMT to prevent middle-income families from paying this tax that is only supposed to impact “the rich”—accounts for 24 percent of the total potential 2013 tax increase. The remaining tax increases come in part from Obamacare, notably the start of the Hospital Insurance 3.8 percent surtax on wages and salaries over $250,000 and investment income over that amount.
Expiration of the tax cuts contained in the 2009 stimulus and the expiration of the “tax extenders,” Death tax also expires in 2013. That means the rate will rise from 35 percent today to 55 percent and the exemption will fall from $5 million to $3.5 million.
Frances Fox Piven, co-architect of a strategy to overload the U.S. welfare system to precipitate a transformative economic crisis, was an early builder of the socialist-leaning New Party.
Obama was a New Party member. The New Party sought to elect members to public office with the aim of moving the Democratic Party far leftward to ultimately form a new political party with a socialist agenda.
In 2008, Obama’s campaign denied the president was ever a member, New Party’s own literature listing Obama as a member. Last week, researcher and author Stanley Kurtz, writing at National Review Online, reported on documentation from the updated records of Illinois ACORN at the Wisconsin Historical Society that “definitively establishes” that Obama was a member of the New Party. Kurtz reported Obama also signed a “contract” promising to publicly support and associate himself with the New Party while in office.
The Nation magazine by New Party founder Joel Rogers, meanwhile, lays out the case for the establishment of the party and lists several of the group’s early founders and activists. Rogers cites Piven as an early activist in the formation of the New Party, which he describes as a “social democratic” party.
Cloward-Piven strategy, which called for overloading the U.S. public welfare system. The duo’s stated goal was to agitate a financial crisis that would collapse the U.S economy and replace it with a national system with “a guaranteed annual income and thus an end to poverty.” Other early New Party activists listed by Rogers have ties to Obama. Those activists and others were also listed as New Party “builders” in the party’ newsletter, the New Party News.
Madeline Talbott, listed as national field director of ACORN. Talbott is a former colleague of Obama’s from his 1990s Project Vote! Obama himself has linked his work on Project Vote to Talbott’s Illinois ACORN. , “When I ran Project Vote, the voter registration drive in Illinois, ACORN was smack dab in the middle of it.”
Manning Marable, a socialist Columbia University professor. Marable in 1998 helped found the Black Radical Congress, where he worked with controversial race scholar Cornel West, an Obama friend and 2008 campaign. West first railed on stage against the “racist” U.S. criminal justice system of the “American empire.”In 2007, Marable was elected chairman of Movement for a Democratic Society, or MDS. Students for a Democratic Society from which the Weather Underground terrorist organization later splintered. Some Weathermen terrorists, including Bill Ayers, participated in Marable’s MDS.
Carl Davidson. Davidson later co-founded Chicagoans Against the War in Iraq, the group that invited Obama to speak at its Oct. 2, 2002, anti-war rally in Chicago. Quentin Young, key organizer of the Physicians for a National Health Program. Young reportedly was present at a 1995 meeting at the home of Bill Ayers that was said to have launched Obama’s political career. Young himself took credit in March 2009 in an interview with the Democracy Now network for “turning Barack Obama into a ‘single payer’ advocate when the president was an Illinois state senator.”
The New Party, established in 1992, took advantage of what was known as electoral “fusion,” which enabled candidates to run on two tickets simultaneously, attracting voters from both parties. But the New Party disbanded in 1998. the New Party’s stated objectives were “full employment, a shorter work week and a guaranteed minimum income for all adults; a universal ‘social wage’ to include such basic benefits as health care, child care, vacation time and lifelong access to education and training; a systematic phase-in of comparable worth; and like programs to ensure gender equity.”
The New Party stated it also sought “the democratization of our banking and financial system – including popular election of those charged with public stewardship of our banking system, worker-owner control over their pension assets [and] community-controlled alternative financial institutions.” Many of the New Party’s founding members were Democratic Socialists of America leaders and members of Committees of Correspondence, a breakaway of the Communist Party USA.
“Secret ‘Kill List’ Proves a Test of Obama’s Principles and Will,” writers Becker and Shane exposed the now infamous ‘kill list’ which detailed the Obama-chosen targets for drone strikes against the Al-Qaeda in Yemen and Pakistan.
A June 1 New York Times article titled, “Obama Order Sped Up Wave of Cyberattacks Against Iran.” For the first time that the U.S. and Israel were responsible for the Stuxnet cyber attacks against Iran’s nuclear facility. “You learn more from the book than I did as chairman of the intelligence committee, and that’s very disturbing to me.” Did I mention she is a Democrat? Since these reports, Congress has stepped up to the plate as both sides have become infuriated that intelligence leaks have shown up in these incredibly long investigative stories that have been highlighted on the New York Times’.
But why would this information be leaked? The overwhelming majority believes the information was leaked to bolster Obama’s image at a time when he has faced fierce criticism over the struggling economy. “At no point did the government come to [the New York Times] and ask us not to run this story.” They knew ahead of time this information was going to be released.
Added together, 92% of the source identifications in those two stories are of past or present Obama officials. Looking at just the descriptions used by the three Times reporters, it is impossible to believe that these stories were not deeply facilitated by the top echelons of President Obama’s national security team.”
Holder appointed two U.S. attorneys to investigate the alleged leaks? Senator Lindsey Graham (R – S.C.) said: “The concern we have is that you’ve got one program, Fast and Furious, that has been an embarrassment for the administration, and it’s been like pulling teeth to get information about Fast and Furious, who did what and when, ” he said, referring to Operation Fast and Furious, a bungled gun trafficking case. “But when you have programs on the national security front that seem to show the president as a strong leader, you read about it in the paper. So my concern, I think, is that a lot of us believe if there was ever a need for an outside special counsel, it is now.
Who will want to work with America if this continues? Sen. Feinstein said, “When people say they don’t want to work with the United States because they can’t trust us to keep a secret, that’s serious.” This reeks of poor White House behavior, and the only way to get rid of this kind of behavior is to remove it.
A newly leaked document has just revealed that the President has been working on measures that would hand over US sovereignty to foreign corporations, ruled by an ‘international tribunal’. The Huffington Post has critical words for the President’s recent efforts. The article goes on to talk about what the President has been busy doing behind the backs of the American people. Zach Carter writes: A critical document from President Barack Obama’s free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.”
To sum up the worst part of this trade agreement, the article explains:
Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.”
Essentially, this measure would give multinational corporations the power to sue governments in order to repeal a law. The way it is described in the leaked document, the tribunal would be run by ‘private sector attorneys’ (most likely on corporate payrolls). So, in essence, it is a world-government-style ruling body that is of, by, and for the Corporate Powers-That-Be.
The Huffington Post article describes an instance of how this tribunal would become more powerful than sovereign national laws: In early June, a tribunal at the World Bank agreed to hear a case involving similar foreign investment standards, in which El Salvador banned cyanide-based gold mining on the basis of objections from the Catholic Church and environmental activists. If the World Bank rules against El Salvador, it could overturn the nation’s domestic laws at the behest of a foreign corporation.”
“We will not negotiate bilateral trade agreements that stop the government from protecting the environment, food safety, or the health of its citizens; give greater rights to foreign investors than to U.S. investors; require the privatization of our vital public services; or prevent developing country governments from adopting humanitarian licensing policies to improve access to life-saving medications.”
Yet nearly all of those vows are violated by the leaked Trans-Pacific document. His actions have indicated over and over that he is a corporatist.
Mitch McConnell (R-KY) will speak at American Enterprise Institute, where he is scheduled to talk about anti-First Amendment intimidation by the Obama Administration and by the political left associated with it. “I’m going to lay out a long litany of abuses pursued by the Obama Administration and its allies against its political opponents.”
They have their enemies list.
While the Obama administration has claimed that it wants “disclosure” from outside political groups, McConnell says that the focus on disclosure is misleading. “Now, having failed in their efforts to allow the government to control the speech of outside entities, the Obama administration wants to restrict and punish free speech via disclosure. Disclosure sounds wonderful, but this isn’t about transparency – this is about trying to get the donor and membership lists of outside groups who do not even contribute to candidates and parties.
McConnell is incensed over the administration’s use of government and nongovernmental resources to target its political enemies. “They’ve used the IRS, the FEC, the FCC, the SEC, their allies in the Obama campaign to go after people who disagree with them. The Obama campaign has rifled through the divorce records of a major donor to an opposing super PAC. The government itself is intimidating donors. Appointees at the IRS and other agencies are pursuing similar efforts to ferret out who is contributing to outside groups critical of the administration so that they can scare them off the playing field and shut them up.”
David Axelrod, head of the president’s re-election campaign and former White House honcho, has stated that “he wants to amend the First Amendment – the ultimate act of radicalism – to give to the federal government the ability to control the speech of American citizens who band together to pursue a political cause.
There is a “full-scale effort underway to intimidate and harass their opponents.
“It certainly raises suspicion when you have unusual efforts by the IRS to make it difficult for Tea Party groups to meet and to function. It raises suspicions that they may not be doing that to groups on the left. The larger question is why they’re doing it at all.”
Sen. McConnell drew special attention to allegations that certain left-wing activists have been SWATting their political enemies. There’s somebody I’ve heard about named Brett Kimberlin, who is a left-wing terrorist that I know many people feel may be behind the SWATting. That’s strictly illegal, and should be investigated.”
“They are trying to shut up their critics,” McConnell said.
SOURCE: BREITBART NEWS
IBD EDITORIALS 6/27/12
The Obama Record: The most frightening aspect of this president may not be his radical ideology but his rank dishonesty in selling that ideology. Now he’s been caught lying about family racism.
He claimed Hussein Onyango Obama was unjustly detained for six months before being released a crippled, lice-ridden “old man.” In fact, none of it is true, according to Washington Post editor and biographer David Maraniss, who traveled to Kenya to investigate the tale. His grandfather was not detained or beaten by his “white rulers.”
Obama has repeatedly claimed his white grandfather, Stanley Dunham, “fought in Patton’s army,” when he was a clerk with no combat in WWII Obama claimed Dunham, a communist sympathizer, signed up for duty “the day after Pearl Harbor,” when in fact he waited six months. Obama claimed his father “fought when he got back to Kenya against tribalism and nepotism, but ultimately was blackballed from the government,” when in fact he fought against capitalism and lost his job when he advocated communism.
Obama has claimed his late mother’s health insurer refused “to pay for her treatment” for cancer while citing a “pre-existing condition,” when Cigna paid all her hospital bills and never denied payment. Obama claimed he and a black high school friend named “Ray” were ostracized in Honolulu, when in fact the friend, Keith Kakugawa, was half-Japanese, and neither of them experienced discrimination Obama claimed the father of his Indonesian stepfather was killed by Dutch soldiers while fighting for Indonesian independence, when in fact the story turns out to be “a concocted myth in almost all respects,” Maraniss found.
Obama claimed his parents decided to marry in the excitement of the Selma civil-rights march of 1965 — and that he personally has “a claim on Selma” — when in fact they were married several years earlier. Obama claimed his father got to study in the U.S. thanks to JFK’s efforts to bring “young Africans over to America,” when in fact the Kenyan airlift his father participated in occurred in 1959 under Ike.
Obama submitted a phony bio to his book publicist claiming he was “born in Kenya.” Obama denied being a member of the socialist New Party, when a member roster of the Chicago chapter of the party lists him joining on Jan. 11, 1996. Obama claimed he had only a passing acquaintance with Weather Underground terrorists Bill Ayers and Bernardine Dohrn, when in fact they held a fundraiser for their Hyde Park neighbor in their living room, and years later, while Obama served in the U.S. Senate, hosted a barbecue for him in their backyard. Obama claimed he never heard Rev. Jeremiah Wright spew anti-American invectives while sitting in his pews for 20 years, when in fact Obama was moved to tears hearing Wright condemn “white folks” and the U.S. for bombing other countries and even named his second book after the sermon.Obama claimed he got in a “big fight” with old white flame Genevieve Cook, who after seeing a black play asked “why black people were so angry all the time,” when in fact she never saw the play nor made the remark In both his autobiographies, Obama paints a false portrait of a still-racist America and West, where he, his friends and relatives are victimized by that racism. Conveniently, his remedy is redistributive justice through bigger government.
Bachmann, Trent Franks, Gohmert, Rooney, Westmoreland all sent letters to the Inspectors General of the Office of the Director of National Intelligence, the Department of Defense, the Department of Homeland Security, the Department of Justice and the Department of State. These letters seek answers about the U.S. government’s involvement with the Muslim Brotherhood, a group that calls for “civilization jihad.”
Questioned the Inspectors General about the direct influence within the intelligence community of Muslim Brotherhood operatives. Federal court has established that the group’s mission in the U.S. is “destroying the Western civilization from within.” The members went on to request that the respective offices of the Inspectors General conduct a formal investigation or evaluation of the extent to which Muslim Brotherhood-tied individuals or entities are involved.
“The national security of our country depends on getting straight answers from the Inspectors General to the questions we posed in these letters,” said Bachmann. “The Muslim Brotherhood is not shy about their call for jihad against the United States. We seek answers through these letters because we will not tolerate this group and its affiliates holding positions of power in our government or influencing our nation’s leaders.”
“Evidence indicates that this administration continues to bow before groups associated with the goal of ‘destroying Western civilization from within,’ and about whom the 5th Circuit Court of Appeals has found that there is plenty of evidence indicating that they support terrorism,” said Gohmert. “For departments of this administration to continue meeting with such groups and agreeing to further blind our government agents charged with looking for enemies wanting to destroy us is at best foolhardy. At a minimum, we need an independent inspection regarding the role, the roots and the results of such destructive groups within this administration. “The Muslim Brotherhood openly calls for violence against the United States, but we’re learning that this organization may be infiltrating our ranks, even within our military,” said Rooney. “We need our top security agencies to investigate thoroughly the degree to which members of this organization are active in our defense and intelligence communities, and what impact that has on our national security.” “The Muslim Brotherhood may not have the name recognition of al-Qaeda or the Taliban, but that does not mean they don’t have the potential to be just as deadly. They and must look into their operations and membership with the seriousness that is necessary in order to root them out of our government.”
Founded in 1928, the Muslim Brotherhood’s motto reads, “Allah is our objective. The Prophet is our leader. The Qur’an is our law. Jihad is our way. Dying in the way of Allah is our highest hope.”