Archive for the ‘lying liars’ Category

Taxs found so far in the 1900+ page democrat "heath care" bill

October 30, 2009

If you thought Health Care was expensive now, just wait until it is “free.”
Here is a list of the new taxes you will be paying found so far:

Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<$500,000), 2 percent ($500,000-$585,000), 4 percent ($585,000-$670,000), and 6 percent ($670,000-$750,000).

Individual Mandate Surtax (Page 296): If an individual fails to obtain qualifying coverage, he must pay an income surtax equal to the lesser of 2.5 percent of modified adjusted gross income (MAGI) or the average premium. MAGI adds back in the foreign earned income exclusion and municipal bond interest.

Medicine Cabinet Tax (Page 324): Non-prescription medications would no longer be able to be purchased from health savings accounts (HSAs), flexible spending accounts (FSAs), or health reimbursement arrangements (HRAs). Insulin excepted.

Cap on FSAs (Page 325): FSAs would face an annual cap of $2500 (currently uncapped).

Increased Additional Tax on Non-Qualified HSA Distributions (Page 326): Non-qualified distributions from HSAs would face an additional tax of 20 percent (current law is 10 percent). This disadvantages HSAs relative to other tax-free accounts (e.g. IRAs, 401(k)s, 529 plans, etc.)

Denial of Tax Deduction for Employer Health Plans Coordinating with Medicare Part D (Page 327): This would further erode private sector participation in delivery of Medicare services.

Surtax on Individuals and Small Businesses (Page 336): Imposes an income surtax of 5.4 percent on MAGI over $500,000 ($1 million married filing jointly). MAGI adds back in the itemized deduction for margin loan interest. This would raise the top marginal tax rate in 2011 from 39.6 percent under current law to 45 percent—a new effective top rate.

Excise Tax on Medical Devices (Page 339): Imposes a new excise tax on medical device manufacturers equal to 2.5 percent of the wholesale price. It excludes retail sales and unspecified medical devices sold to the general public.

Corporate 1099-MISC Information Reporting (Page 344): Requires that 1099-MISC forms be issued to corporations as well as persons for trade or business payments. Current law limits to just persons for small business compliance complexity reasons. Also expands reporting to exchanges of property.

Delay in Worldwide Allocation of Interest (Page 345): Delays for nine years the worldwide allocation of interest, a corporate tax relief provision from the American Jobs Creation Act

Limitation on Tax Treaty Benefits for Certain Payments (Page 346): Increases taxes on U.S. employers with overseas operations looking to avoid double taxation of earnings.

Codification of the “Economic Substance Doctrine” (Page 349): Empowers the IRS to disallow a perfectly legal tax deduction or other tax relief merely because the IRS deems that the motive of the taxpayer was not primarily business-related.

Application of “More Likely Than Not” Rule (Page 357): Publicly-traded partnerships and corporations with annual gross receipts in excess of $100 million have raised standards on penalties. If there is a tax underpayment by these taxpayers, they must be able to prove that the estimated tax paid would have more likely than not been sufficient to cover final tax liability.

Cap and Tax

March 30, 2009

Our Dear Leader‘s so-called “Cap and Trade” program is really a “Cap and Tax” program that is going to suck more money from the paychecks of every American.

This energy tax is going to hit the poorest the hardest, since they pay the largest percentage of their income on energy costs (electricity, heating and transportation).

White House sources have admitted that this will be an average increase of $1,800 per family!

President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.”

So when Candidate Obama said that Americans making less than $250,000 a year would not see any new taxes, he was lying! Get used to it folks. It’s a long way until January 20, 2013.

Also published at the Urbin Report.

Obama’s massive middle class tax hike

March 16, 2009

Our Dear Leader is planning “the largest middle-class tax increase in history.”
This is a plan to tax medical benefits. As part of our Dear Leader‘s plan to socialize the medical industry here in the United States. Step one: fleece those with medical insurance to raise money to screw them.

The hypocrisy is pretty thick:

In television advertisements last fall, Mr. Obama criticized his Republican rival for the presidency, Senator John McCain of Arizona, for proposing to tax all employer-provided health benefits. The benefits have long been tax-free, regardless of how generous they are or how much an employee earns. The advertisements did not point out that Mr. McCain, in exchange, wanted to give all families a tax credit to subsidize the purchase of coverage.

The shifting perception of Obama

March 7, 2009

Tapscott nails it in his DC Examiner column:

Now, though, the mask is off and the disconnect between rhetoric and reality is emerging as the dominant driver of the Obama narrative. The contrast is no longer between the young, personable, historic candidate Obama and a creaky, cranky old Republican White Guy, it’s between what America thought it was getting in a President Obama (cool, reasonable and beyond partisanship) and what it now sees as the reality of a President Obama (government spending out of control, an uncertain hand on foreign policy, broken promises, more bureaucrats, etc. etc.).

Put another way – what we see now is neither what we were promised, nor what we expected.

That’s the money quote. There is a lot of detail to back it up.

Perhaps more people should have listened to our Dear Leader‘s former Spiritual Adviser when he pointed out, “Barack’s name ain’t Jesus. Barack ain’t gonna improve your child’s reading score. There are things we’ve got to do on our own.”

Lies of the Obama cabal

February 27, 2009

Two big ones in a row.

First from the gaffmeister himself, Joe Biden. You can almost forgive him, because he has a long history of just saying wacky shit, but he is an official spokesman of our Dear Leader, so BHO should be keeping a leash on him.

Biden falsely claimed that Louisiana is loosing jobs a rate of 400 per day
. Of course, the actual truth is the opposite of what came out of Joe Biden’s mouth. Louisiana is adding jobs, i.e. the unemployment rate is falling. Don’t expect MSNBC (i.e. the “Obama network”) to point out this obvious error of the Obama administration.

The next big lie came from our Dear Leader personally. BHO claims that he can jack the taxes of “wealthiest 2% of Americans” to pay for his massive socialist government spending. The Wall Street Journal points out that the numbers just don’t add up.

Consider the IRS data for 2006, the most recent year that such tax data are available and a good year for the economy and “the wealthiest 2%.” Roughly 3.8 million filers had adjusted gross incomes above $200,000 in 2006. (That’s about 7% of all returns; the data aren’t broken down at the $250,000 point.) These people paid about $522 billion in income taxes, or roughly 62% of all federal individual income receipts. The richest 1% — about 1.65 million filers making above $388,806 — paid some $408 billion, or 39.9% of all income tax revenues, while earning about 22% of all reported U.S. income.

Note that federal income taxes are already “progressive” with a 35% top marginal rate, and that Mr. Obama is (so far) proposing to raise it only to 39.6%, plus another two percentage points in hidden deduction phase-outs. He’d also raise capital gains and dividend rates, but those both yield far less revenue than the income tax. These combined increases won’t come close to raising the hundreds of billions of dollars in revenue that Mr. Obama is going to need.

The bottom line is that Mr. Obama is selling the country on a 2% illusion. Unwinding the U.S. commitment in Iraq and allowing the Bush tax cuts to expire can’t possibly pay for his agenda. Taxes on the not-so-rich will need to rise as well.

On that point, by the way, it’s unclear why Mr. Obama thinks his climate-change scheme won’t hit all Americans with higher taxes. Selling the right to emit greenhouse gases amounts to a steep new tax on most types of energy and, therefore, on all Americans who use energy.

The numbers just don’t add up, and I’m betting that Team BHO knows it. They are just hoping that most Americans won’t do the math until it is too late.

The left is fanning the fires of racism

February 20, 2009

…even if they have to lie to do it.
Case in point, the HuffPo using a doctored video to accuse Fox News of racism.

This raises the question, Why can’t the left make their arguments with the truth?

Why are leftists so eager to raise the specter of racism?

Perhaps it is because they plan on using it to attack their foes regardless of factual arguments opponents of socialism.

Update: Huffpo has posted a retraction, admitting the video they quoted was a fake.

An important fact about the dems "stimulus" bill

January 28, 2009

Harvard economics professor Greg Mankiw points out that over half the spending provided (59%) by the stimulus bill occurs after 2010! Only 8% occurs in 2009 and 33% in 2010.

Senator Chuck Schumer (democratHCI) was on FNS stating that government spending put much needed cash into the economy faster than tax cuts. Not if the government hangs onto most of the money for two years! A tax cut would put money into taxpayers hands this year!

The truth of the matter is that the democrats are using the current fiscal crisis (thank you Barney Frank and Chris Dodd) not to address the problem, but to shove through their agenda and private pork projects at the expense of the American people.

Colmes is either ignorant or lying

January 23, 2009

Watch the first video at this NewsBusters article.

During this video, liberal talking head Alan Colmes says that nobody knew about the New Orleans levies. That is a big fat lie. The state of the levies were well known and every attempt by the US Army Corps of Engineers to repair them was met with a fistful of lawsuits from various left of center groups including the Sierra Club.

Good News from Minnesota

November 18, 2008

The Minnesota Canvassing Board has certified the election results and declared Norm Coleman the winner.

Al Franken refuses to live in the reality of rational, thinking adults, and is trying to hold up the democratic process so a few hundred more votes can be generated out of thin air.

A successful campaign of fear

November 2, 2008

The democrats have done something they are very good at. Vicious attack smear campaigns. In this case, they have managed to successfully smear the most popular governor in America, with a strong history of executive experience, fighting corruption and implementing actual real change, as a scary, inexperienced and unintelligent danger.

When you compare resumes, the bottom of the Republican ticket, Gov. Sarah Palin beats the top of the democrat ticket across the board.

Gov. Palin has a strong history of success in government, while Barak Hussein Obama has a history of voting present while representing a district with out of control crime and corruption.

Good job with spreading fear and hate democrats. Thanks for giving us a preview of the strong points of an Obama administration.