Congressman Ron Paul re-emphasized his opposition to the new Super Congress that has been created by the debt deal during an appearance on Lou Dobbs’ Fox Business show last night, labeling the committee a “monstrous creature” that will be used by the Obama administration to advance its regulatory agenda.
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As part of the Bush era tax cuts, the marginal tax rates (they increase with taxable income) were reduced to 10, 15, 25, 28 and 33 percent. These rates are set to return to their original levels of 15, 28, 31, 36 and 39.6 percent.
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The United States has committed $Billions of taxpayer money to bailing out Greece. The U.S. is one of the largest contributors to the IMF (International Monetary Fund) which is making the loans to Greece. Further, the Federal Reserve has opened a credit swap scheme with European Central Banks to further loot the American treasury.
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Ron Paul gave a stirring speech at the Tax Day Tea Party in Washington DC, calling for an end to big government and a return to a sensible foreign policy.
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Robert Kiyosaki writes,
It’s getting close to tax time and if you are an employee, you are paying the bulk of all taxes in America. On top of this, you’ve been hearing me say “Your house is not an asset”, and “Those who follow the ‘work hard and save money’ mantra will struggle financially.”
More on The Greatest Wealth Transfer in The History of the World
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H.R. 3590, The Patient Protection and Affordable Care Act, to give it its full title, is rammed full of tax increases which will further economically cripple Americans already laboring under the worst financial crisis since the great depression.
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I was appalled to learn of the denial of life saving treatment for Sherry Peel Jackson.
Sherry was one of the former IRS agents featured in Aaron Russo's America: Freedom to Fascism.
More on Feds Killing Political Prisoner, Sherry Peel Jackson
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In my last column, I joked that with public spending out of control and the piling on of the international bailout bill, economic collapse seems to be the goal of Congress. It is getting harder to joke about such a thing however, as the non-partisan General Accounting Office (GAO) has estimated that the administration's health care plan would actually cost over a trillion dollars. This reality check may have given us a temporary reprieve on this particular disastrous policy, however an equally disastrous energy policy reared its ugly head on Capitol Hill last week.
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The latest attempt to expand the SCHIP program seems to be sailing through Congress and Obama is likely to sign it into law when it reaches his desk.
If approved by the Senate this measure would increase taxes by an additional $53.8 billion over 5 years and further extend the federal government’s reach into the healthcare of American citizens.
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Tax his land, Tax his bed, Tax the table At which he’s fed.
Tax his tractor, Tax his mule, Teach him taxes Are the rule.
Tax his work, Tax his pay, He works for peanuts anyway!
Tax his cow, Tax his goat, Tax his pants, Tax his coat!
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he Tries to think.
Tax his cigars, Tax his beers, If he cries, tax his tears.
Tax his car, Tax his gas, Find other ways to tax his ass.
Tax all he has Then let him know That you won’t be done Till he has no dough.
When he screams and hollers, Then tax him some more, Tax him till he’s good and sore.
Then tax his coffin, Tax his grave, Tax the sod in which he’s laid.
Put these words upon his tomb, “Taxes drove me to my doom.”
When he’s gone, Do not relax, Its time to apply the Inheritance Tax.
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