Another Democrat Tax Scheme

by Ryan on June 8, 2007

in Election 2008,Politics

The Democrats have never met a tax that they didn’t like or a group they didn’t think about targeting.  According to this Washington Post article, the Dems want to soften the blow of the Alternative Minimum Tax*** on millions of Americans.  However, there’s a catch.  To balance out the equation, 3 million people are going to be burdened with much higher taxes.  Guess who?  The wealthy! 

We tried this before in the late 1960s and guess what happened then…  The 1970s:  a period of multiple recessions, inflation, gas lines, and high taxes!  This also happened before, during the 1930s:  FDR and his rubber stamp Congress taxed, regulated and punished business and the investor class to the point where the Great Depression was prolonged years longer than it should have been because business was discouraged from hiring people and paying them adequately by the Federal government’s ridiculous and mean-spirited Progressive-era ideological policies. 

The Dems are using the populist rhetoric that only a small percentage of household would be affected, but fail to mention how much economic activity is spurned from these very same households and what the monetary effect would be on the economy at large, not just in their Washington ”money bin” (at least Uncle Scrooge earned his money!).  However, by raising taxes to balance out the equation (an equation that was proven false in the early 1960s, by the way) they risk being attacked by Republicans next year for being tax-raisers.  Well, duh.

*** The AMT was a clever tax designed by a liberal Congress in the late 1960s that punishes those who manipulate the tax code by deducting everything they are legally allowed to do.  So rather than fix the loopholes in the code itself, they have the taxpayer do their taxes twice:  once with the deductions, and once without.  The AMT is the higher number, and has not been adjusted for inflation since the 1960s so millions more Americans are forced to pay it.

Link via Drudge.  Pic from Duckman.

{ 2 comments… read them below or add one }

BillT June 8, 2007 at 2:30 pm

“The Democrats have never met a tax that they didn’t like or a group they didn’t think about targeting.”

They would never target the POOR! The richest Americans, those making over 10 thousand to 12 thousand bucks per year with a family of 12 should be forced to share of our largesse with the government.

Bear in mind that we’re supporting absolutely critical programs, such as studies of sparrow mating calls in Okinawa. How can life on earth go on without that kind of information.

I think you’re being waaaaaaaayyyyyyyyy too cynical here.

Reply

Bryon K Harrelson July 1, 2007 at 1:18 pm

Damn the Dumb-O’-crats,the government gets more cash when taxes are low.They should do away with the IRS and have a nationwide sales tax of 2-5 percent.

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