Sunday, August 5, 2012

Republicans to Raise Taxes on Poor!!

Spread the word and make it clear to everyone, Republicans are going to raise taxes. Period.

Scott Walker to this day claims he never raised taxes when in fact, he did just that to balanced the budget. He reduced the Earned Income Tax Credit...essentially forcing the working poor to pay more in taxes. The media has given Walker a pass on this lie. 

From Religion and Ethics Newsweekly, was this story about the house Republicans move to increase taxes on the poor in a similar way. They'll tell you the poor never earned their tax credit, so it's not really a tax increase. Bull. But there is opposition, including the Catholics church and other religious groups that have clearly said it's against church doctrine. So much for our supposed "Christian based" constitution. 


BUSINESS WIRE: Rev. David Beckmann, president of Bread for the World, joined other national Christian leaders today in urging Congress to continue the current Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) benefit levels.

"The food budget is usually the first thing families cut when times get tough, but tax credits like the EITC and CTC help struggling families put food on the table and make ends meet," said Rev. Beckmann. "It is morally unjust that lawmakers consider allowing tax credits that are vital to hungry families to expire, while wealthy people retain reduced rates for their income over $250,000, and estates as large as $10 million are exempt from taxation."
It’s almost mind boggling to think we would extend the Bush tax cuts for the wealthy, knowing how much that much of what was supposed to be a temporary cut, would add to the deficit. 

Does it break the “no tax” pledge? No, not under the new definition and down the rabbit hole logic behind the increases. Why conservatives would vote for, and allow their Republican candidates to tax the poor but not the rich, is just as crazy; the tax credits take money from those who earn it, and give it away to those who didn’t.

Here’s how brutal the cuts will be:
The House of Representatives is scheduled to vote soon on whether to extend the 2001 and 2003 tax cuts. If passed, HR 8 would eliminate additional EITC marriage penalty relief, prevent families from earning even $1 of the Child Tax Credit until they make at least $13,000, and reduce Earned Income Tax Credit benefits for families with three or more children.
Social engineering of the worst kind; it's population control, where American families are penalized for having more than three kids. Gee, I hope they don’t ban contraception...they what....?

Here’s what the cuts will do;
If families are no longer able to count earnings below $13,000 towards the child tax credit, 8.9 million families would be harmed, including 16.4 million children. If the CTC credits are allowed to expire, 3.7 million families would lose the child tax credit entirely, including 5.8 million children.
So much for these families having any extra spending money, creating demand, and boosting the economy. 

No comments:

Post a Comment