These days it does little to say what political party you support when the laws in health care , are so quickly changing. We the people need to focus on the issues and some of the strongest issues facing The United States right now are health care and the tax laws. Every American is being hit hard by a failing economy right now and the tax burden is going to continue to increase. Politicians, both Republicans and Democrats will tell you that they are eliminating previous tax cuts however they are ushering in new tax increases so by definition they are in fact raising taxes.
Obama appeared in an interview with Roberts on the January 9 "American Morning" fresh off his second place finish in the New Hampshire Democratic primary. He told Roberts high taxes were in the best interest of the American economy. "Well, I think that there's no doubt that letting the Bush tax cuts on the top 1 percent lapse would not have, I think, a significant impact on the economy, but would bolster our fiscal situation," Obama said. "We continue to run big deficits - our national debt has increased drastically. That is not good for our long-term economic security."
As these provisions expire the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income , families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.
"I didn't raise taxes once. I lowered taxes over the last two years," Obama said. Yes Obama cut taxes but only $1 per every $7 of new taxes laws he had now signed as permanent law, here is just some of the new laws put into effect- A new health care law that includes a tax on people who decide not to have health insurance, as an incentive for them to get coverage. The tax phases in gradually, starting in 2014. By 2016, the tax would be $695 per uninsured person up to a maximum of three times that amount, or $2,085. He signed legislation raising taxes on cigarettes and other tobacco products. He has also, just to name a few more tax laws, has raised taxes on Health Insurers, Innovator Drug Companies, Medicare Payroll, Biofuel, Medical Devices...the list goes on and on.
Americans need to get engaged in politics to have a voice; we have not seen a significant impact on the economy in the positive direction in far too long. It is harder to save for retirement, harder for kids to get an education because college is less affordable, and it is harder to find work for the unemployed. What are people going to do when the taxes continue to rise?
Obama appeared in an interview with Roberts on the January 9 "American Morning" fresh off his second place finish in the New Hampshire Democratic primary. He told Roberts high taxes were in the best interest of the American economy. "Well, I think that there's no doubt that letting the Bush tax cuts on the top 1 percent lapse would not have, I think, a significant impact on the economy, but would bolster our fiscal situation," Obama said. "We continue to run big deficits - our national debt has increased drastically. That is not good for our long-term economic security."
As these provisions expire the top-tier personal income tax rate will rise to 39.6 percent from 35 percent. But lower-income , families will pay more as well: the 25 percent tax bracket will revert back to 28 percent; the 28 percent bracket will increase to 31 percent; and the 33 percent bracket will increase to 36 percent. The special 10 percent bracket is eliminated.
"I didn't raise taxes once. I lowered taxes over the last two years," Obama said. Yes Obama cut taxes but only $1 per every $7 of new taxes laws he had now signed as permanent law, here is just some of the new laws put into effect- A new health care law that includes a tax on people who decide not to have health insurance, as an incentive for them to get coverage. The tax phases in gradually, starting in 2014. By 2016, the tax would be $695 per uninsured person up to a maximum of three times that amount, or $2,085. He signed legislation raising taxes on cigarettes and other tobacco products. He has also, just to name a few more tax laws, has raised taxes on Health Insurers, Innovator Drug Companies, Medicare Payroll, Biofuel, Medical Devices...the list goes on and on.
Americans need to get engaged in politics to have a voice; we have not seen a significant impact on the economy in the positive direction in far too long. It is harder to save for retirement, harder for kids to get an education because college is less affordable, and it is harder to find work for the unemployed. What are people going to do when the taxes continue to rise?
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