From The Wall Street Journal
The Democratic pressure on GOP senators appears likely to come in the
form of media outreach such as op-eds, as well as public comments by
Obama administration officials. President Barack Obama also is expected to make comments on the need to pass the Buffett Rule.
. Democrats are hoping to use their April 16 Senate vote on the Buffett
Rule to divide Republicans and make their leaders – including Mitt Romney, the front-runner for the GOP presidential nomination – appear out of touch with voters.
Top GOP leaders in both the House and Senate say Democrats are greatly
exaggerating the issue’s heft. They note that it would have only a tiny
impact on deficits, raising an estimated $47 billion over the next
decade, or less than 1% of the $6.4 trillion in deficits projected under
Mr. Obama’s budget plans. They also say it is designed to divert
attention from Mr. Obama’s much larger proposed tax increases on couples
earning more than $250,000, and would harm job creation by hurting
small businesses that pay taxes through their owners’ individual
returns. Read More...
And, the 30% overall federal tax rate on people earning more than $1 million a year, will trickle down to all Pensions and Retirement Plans--count on it!
Just an other way to hit the economy, and to make the elderly less independent! We can't have Four More Years to look forward to this!
The SEIU Union Behind This?
Read my past post about the 401k and Retirement Plans Targeted.... Now another angle to hit The Elderly.
Isn't this rotten?
The Union members let their admin. steal from them, and look to the public in general to make up their faulty way of life.
They surrendered their right to bargain. We didn't!
It serves always to distract the public councils and feeble the public administration. It agitates the community with ill founded jealousies and false alarms, kindles the animosity of one part against another, foments occasionally riot and insurrection. It opens the door to foreign influence and corruption, which find a facilitated access to the government itself through the channels of party passions.
It is important, likewise, that the habits of thinking in a free country should inspire caution in those entrusted with its administration to confine themselves with in their respective constitutional spheres, avoiding in the exercise of the powers of one department to encroach upon another. The spirit of encroachment tends to consolidate the powers of all departments in one and thus to create, whatever the form of government, a real despotism.
If in the opinion of the people the distribution or modification of the constitutional powers be in any particular wrong, let it be corrected by an amendment in the way which the Constitution designates. But let there be no change by usurpation; for though this, in one instance, may be the instrument of good, it is the customary weapon by which free governments are destroyed."
…George Washington’s Farewell Address…
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