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Wednesday, August 25, 2010

Parallels of Abraham Lincoln and Barack Hussein Obama


I'm sure most of us have read the so-called comparison of Lincoln and Kennedy, but did you ever consider the relationship between Obama and Lincoln? You might be surprised.

Parallels of Abraham Lincoln and Barack Hussein Obama:

1. Lincoln placed his hand on the Bible for his inauguration. Obama used the same Bible.

2. Lincoln came from Illinois . Obama comes from Illinois .

3. Lincoln served in the Illinois Legislature. Obama served in the Illinois Legislature.

4. Lincoln had very little experience before becoming President. Obama had very little experience before becoming President.

5. Lincoln rode the train from Philadelphia to Washington for his inauguration. Obama rode the train from Philadelphia to Washington for his inauguration.

6. Lincoln was a skinny lawyer. Obama is a skinny lawyer.

7. Lincoln was a Republican. Obama is a skinny lawyer.

8. Lincoln was in the United States military. Obama is a skinny lawyer.

9. Lincoln believed in everyone carrying their own weight. Obama is a skinny lawyer.

10. Lincoln did not waste taxpayers' money on personal enjoyments. Obama is a skinny lawyer.

11. Lincoln was highly respected. Obama is a skinny lawyer.

12. Lincoln was born in the United States. Obama is a skinny lawyer.

13. Lincoln was honest, so honest he was called Honest Abe. Obama is a skinny lawyer.

14. Lincoln saved the United States . Obama is a skinny lawyer.

Tuesday, August 24, 2010

Taxation Without Representation - Otherwise Known as the Cost of Liberal Socialist Government

From Joan Pryde, who is a senior tax editor for the Kiplinger letters.

In just six months, on January 1, 2011, the largest tax hikes in the history of America will take effect.

They will hit families and small businesses in three great waves.

On January 1, 2011, here’s what happens... (read it to the end, so you see all three waves)...

First Wave: Expiration of 2001 and 2003 Tax Relief.

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011.

Personal income tax rates will rise.

The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).

The lowest rate will rise from 10 to 15 percent.

All the rates in between will also rise.

Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.

The full list of marginal rate hikes is below:

* The 10% bracket rises to an expanded 15%

* The 25% bracket rises to 28%

* The 28% bracket rises to 31%

* The 33% bracket rises to 36%

* The 35% bracket rises to 39.6%

Higher taxes on marriage and family.

The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income.

The child tax credit will be cut in half from $1000 to $500 per child.

The standard deduction will no longer be doubled for married couples relative to the single level.

The dependent care and adoption tax credits will be cut.

The Return of the Death Tax.

This year only, there is no death tax. (It’s a quirk!) For those dying on or after January 1, 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who don’t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don’t have the cash sitting around to pay the tax. Think about your own family’s assets.

Maybe your family owns real estate, or a business that doesn’t make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! That’s 55% of the value of the assets over $1 million! Do you have that kind of cash sitting around waiting to pay the estate tax?

Higher tax rates on savers and investors.

The capital gains tax will rise from 15 percent this year to 20 percent in 2011.

The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.

These rates will rise another 3.8 percent in 2013.

Second Wave: Obamacare.

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

The "Medicine Cabinet Tax"

Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The "Special Needs Kids Tax"

This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.

There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.

Tuition rates at one leading school that teaches special needs children in Washington, D.C. ( National Child Research Center ) can easily exceed $14,000 per year.

Under tax rules, FSA dollars can not be used to pay for this type of special needs education.


The HSA (Health Savings Account) Withdrawal Tax Hike.

This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Third Wave: The Alternative Minimum Tax (AMT) and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired.

The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year.

According to the left-leaning Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.

Small businesses can normally expense (rather than slowly-deduct, or "depreciate") equipment purchases up to $250,000.

This will be cut all the way down to $25,000. Larger businesses can currently expense half of their purchases of equipment.

In January of 2011, all of it will have to be "depreciated."

Taxes will be raised on all types of businesses.

There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.


Tax Benefits for Education and Teaching Reduced.

The deduction for tuition and fees will not be available.

Tax credits for education will be limited.

Teachers will no longer be able to deduct classroom expenses.

Coverdell Education Savings Accounts will be cut.

Employer-provided educational assistance is curtailed.

The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed.

Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA.

This contribution also counts toward an annual "required minimum distribution." This ability will no longer be there.

And worse yet?

Now, your insurance will be INCOME on your W2's!

One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation.......the dupes, er, ...dopes, who backed this administration will be astonished!

Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort.

If you're retired? So what... your gross income will go up by the amount of insurance you get.

You will be required to pay taxes on a large sum of money that you have never seen. Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt. That's what you'll pay next year.

For many, it also puts you into a new higher bracket so it's even worse.


This is how the government is going to buy insurance for the 15% that don't have insurance and it's only part of the tax increases.

Not believing this??? Here is a research of the summaries.....

On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001, as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

WE HAVE TO GET RID OF THESE ASS CLOWNS IN CONGRESS,.....71 DAYS LEFT UNTIL THE ELECTION!!

Monday, August 23, 2010

Just How “Moderate” Is Imam Rauf?

The Obama Adminstration and the left wing media is making Imam Rauf out to be a moderate Muslim, who wants to "heal" this Country by creating bridges between Islam and the American people. If so, why build a Mosque two blocks from the hallowed ground of 9-11? Why name the Mosque and Cultural Center, the "Cordoba Center" after an battle where Muslim defeated then ruled Europeans?

Imam Rauf is not the moderate he and the Libs make him out to be. Today on Fox News, a real moderate Muslim was translating Rauf's writing from Arabic and these would tell an entirely different story. We are attempting to find those translations. We won't be looking for them to come out of the White House not any left wing media publications.

From Gary Bauer's "End of the Day Report".

Imam Feisal Abdul Rauf, the man at the center of the Ground Zero mosque controversy, is about to be deployed overseas, courtesy of the United States taxpayer, at the request of the State Department. His month-long trip to the Middle East will purportedly “help people overseas understand our society and the role of religion within our society.”

State Department Spokesman P. J. Crowley described Rauf as a “distinguished Muslim cleric.” The media routinely refer to him as a “moderate” and a “bridge builder.” But just how moderate is Rauf?

This week, the Emergency Committee for Israel, which I co-founded with Bill Kristol, Rachel Abrams and others, posted a column about Rauf’s double standard on terrorism. Here is an excerpt of that column:

“Feisal Abdul Rauf, a self-styled champion of moderate Islam, was recently asked whether he thinks Hamas is a terrorist organization. ‘The issue of terrorism is a very complex question,’ he replied. When pressed, he insisted that ‘I will not allow anybody to put me in a position where I am seen by any party in the world as an adversary or as an enemy.’ But surely there should be no middle ground when it comes to Hamas, just as there can be no middle ground when it comes to Al-Qaeda.”

Terrorism should not be a “complex question” for anyone speaking on behalf of our State Department. By refusing to condemn Hamas, Rauf seems to embrace the view that terrorism against Israel is acceptable. Three weeks ago, I reported Rauf’s disgusting post-9/11 comment that “Osama bin Laden is made in the U.S.A.” Either of those statements ought to disqualify Rauf from representing this country overseas. But taken together, it requires, as Secretary Clinton once said, “the willing suspension of disbelief” to call Rauf a “moderate.”

More Mosque Fallout

The Left is getting nervous as the Ground Zero mosque controversy continues to dominate the news cycle. You can tell because liberals are again smearing opponents in a desperate attempt to shut down the debate.

On MSNBC’s “Moring Joe” today, former White House Communications Director Anita Dunn made the following assertion regarding the mosque controversy: “The Republican Party is solidifying its reputation for intolerance in this year, for almost any kind of difference in American society… whether it is around revisiting the 14th Amendment, whether it’s around immigration, or whether it is around this now [the Ground Zero mosque] – the race to the bottom means 2012 could be very, very depressing to watch. It’s almost like the party decided to update itself as the Know-Nothing version 2.0.”

I suspect Dunn and other liberals are getting depressed about the elections because they know Obama is going to lose badly if he continues insulting the common sense of the vast majority of Americans.

But for those who still don’t get it, would it be a good idea to let the German government build a Nazi museum next to a synagogue in Philadelphia? Would it be a good idea to allow Japan to build a Shinto shrine near Pearl Harbor? Would we tolerate a KKK headquarters near the place where Martin Luther King, Jr. was assassinated?

A bizarre combination of fear and political correctness is leading media and political elites to try to convince Muslims that they have nothing to fear from us. Radical Islamists attacked us on 9/11, yet many liberals feel it is up to us to prove to the Muslim world that we’re nice people.

A recent CNN poll found that nearly 70% of the public opposes the construction of a mosque at Ground Zero. Polls show overwhelming public support for Arizona’s anti-illegal immigration law, traditional marriage and less federal spending. You can’t ignore 70% of the country time and time again and expect folks to be happy about it. But Dunn and other left-wing elites have to add insult to injury by accusing us of being intolerant know-nothings.

The disconnect of our liberal elites is bad. But their arrogant insults and lectures about tolerance are insufferable.

Muslims Against The Mosque?

If left-wing elites want to portray conservative opponents of the Ground Zero mosque as intolerant Islamophobes, how do they explain Neda Bolourchi, Raheel Raza and Tarek Fatah – Muslims who oppose the mosque? Ms. Bolourchi lost her mother in the 9/11 attacks. She wrote a very moving editorial in the Washington Post last week describing the mosque as “a symbol of victory for militant Muslims around the world.”

Raza and Fatah are board members of the Muslim Canadian Congress. They recently wrote in the Ottawa Citizen, “we Muslims know the idea behind the Ground Zero mosque is meant to be a deliberate provocation to thumb our noses at the infidel.”

Are Neda Bolourchi, Raheel Raza and Tarek Fatah bigots too?