A Vote For A Democrat Is A Vote For Less Cash In Your Pocket

 

A rare note from Dugga, the Scared Monkeys tech guy…

I’m not a big debater. I prefer to push the buttons and twiddle the knobs to shine the spotlight on those who are more well-spoken than me. But on occasion, I find issues so concerning, and ignorance so profound that I am forced to speak up. Today is one of those days.

My mom showed up wearing a Hillary Clinton button last week. As an elderly couple on a fixed income, I was forced to ask her if she had the first clue as to what it would mean for her and dad if a Democrat took office. Here’s what I told her.

In President Bush’s first term, he proposed, and congress passed, a series of temporary tax cuts. Most of these will expire in 2011. As you would expect from partisan politics, the Democrats have no plans to renew these cuts. John McCain has spoken out boldly in support of making these cuts permanent – as they should be.

Take a look at what’s going to happen the moment a Democrat takes office. Not their actions, but their inactions will allow the following to occur:

  • Child Credit: This credit will shrink from $700 to $500 per child on January 1, 2011.
  • The Income Tax: Rates will increase between 3 and 4.5 percentage points in each bracket on January 1, 2011.
  • The 10 Percent Bracket: The bracket will be eliminated on January 1, 2011, raising the income tax burden of many workers by 5 percentage points. For low-income Americans, this is perhaps the most important of all the tax relief points that will expire!
  • The 15 Percent Bracket for Joint Filers: On January 1, 2011, the upper limit of this bracket will shrink from 200 to 167 percent of the upper limit of the 15 percent bracket for single filers, creating a marriage penalty.
  • Standard Deduction for Joint Filers: On January 1, 2011, this will shrink from 200 to 167 percent of the standard deduction for single filers, creating a marriage penalty.
  • The Estate Tax: The top rate for this tax will increase to 60 percent on January 1, 2011, and the value of an estate exempt from taxation will shrink to $1 million, which is less than it is today.

Many Americans desperate for “change” because of differing opinions on how the Iraq war has been handled might take a second look at the Democrats when their pocketbook is involved. Why is nobody remembering that in its first 100 days, the new Democrat Senate passed the largest tax increase in American history — more than $700 billion in higher taxes!

Yes, gas is expensive and the economy sucks right now. And on the heels of April 15th, a lot of us are still sore from being reamed for a large chunk of our income. Next time someone starts saying we need “change”, ask them how much they’re willing to pay for it.

- Dugga (not Red) (although if I had more disposable income to wager, I’d bet you he’d agree with me!)



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  • Comments

    17 Responses to “A Vote For A Democrat Is A Vote For Less Cash In Your Pocket”

    1. DEMO-CRACK on April 17th, 2008 12:41 pm

      Hello Children, can you say

      R E D I S T R I B U T I O N

      O F

      W E A L T H? (:)

      American Dream takes the pipe, via the Democracks

    2. CONservative governMENt on April 17th, 2008 1:39 pm

      you heard it here folks.democrats will take your money and eat your children.McSame for president in 08!

    3. Stolenfuture on April 17th, 2008 2:08 pm

      Nope, will not eat children…..
      Just make it impossible for them to earn to eat….

    4. david r on April 17th, 2008 2:31 pm

      I am voting for McCain, though I think there should be tax relief for the poor. The median tax rate (state plus federal) is 42 percent. That means you get to spend 58 cents out of every dollar you earn. Something needs to be done about rising gasoline costs. Government needs to be smaller, and less in the pocket of the health care industry. People like Billy Tauzin, who used to be in congress and now makes millions as a lobbyist for the industry, illustrate the crisis we are in. The fox is in the hen house. I could care less about the estate tax rate going up and the exemption going down. I don’t know anyone who will leave behind an estate worth a million dollars. None of my friends or relatives have that much money. If that makes me a bolshevik, so be it. They could tweak the estate tax to let family farmers pay it out over a longer period of time so they don’t lose the family farm. The Republicans have been making a poster child out of the family farmers in order to repeal the estate tax, when in reality it is less than 5% of the total estate tax levy. Reduce the federal gasoline tax, expecially since gas is so damned expensive anyway. Raise the tax burden on the richest 5% of the country. My man McCain will never support that, though. I don’t see any way out. Hard times are coming.

    5. Dugga on April 17th, 2008 2:43 pm

      The article didn’t say anything about eating children. Although if it meant one more step toward socialism, I wouldn’t put it past this year’s Democratic frontrunners.

      Frankly, I’m not a huge McCain fan myself, but if you have to choose between a rotten egg, a moldy piece of bread and a steamed brussels sprout, I’ll take the sprout over the other two alternatives.

    6. tuyvnsurvivor on April 17th, 2008 5:16 pm

      Great oneliner there Dugga.

      As the liberals try to tax away from the do’ers and havers it will hurt the pitty groups all the more.

      I find some of these topics very stirring at S Monkeys. Often, more often than not I write an involved comment and then merely move away from it without posting.

    7. A New Girl on April 17th, 2008 5:37 pm

      Let’s not forget, while not being a huge McCain fan myself, the man served our country very bravely and was a POW for years. He’s tough…and he’ll be just as tough on foriegn policy and the on-going threat of terrorisim that still exists. We must never bring our gaurd down again.

      As Dugga articulates in the 6 point bullets above, are we also willing to give up these tax credits? I think not…especially in this economy.

      Obama is definetly not the answer, and while Hillary is tough and more capable of the two- her and Bill are not the solution this country needs again in the White House either. That being said, I guess I’ll have to go with the brussel sprouts as well.

    8. katablog on April 17th, 2008 8:56 pm

      Dugga: that’s just the beginning of what will happen to taxes if Obama or Hillary get into office. Also, just remember that that 58 cents you get is before you pay state and local taxes, gas taxes, property taxes, personal property taxes, license fees, etc.

      And if any of you believe that Hillary or Obama will not raise taxes on anyone making less than $200,000 (as they said last night), I have a bridge to sell for a very good price.

    9. Dolf on April 18th, 2008 12:34 am

      yeah, you should do it the Bush way

      that way you will make sure that yours childrens childrens will be in major debt
      ____________
      SM: No one said GWB’s plan is perfect, but to take $’s out of the hands of the people and let the govt spend it is as stupid as it gets. We will leave socialism to Europe.

      Maybe people would actually like to see what our Constitution says as to what our government is actually supposed to fund. It is not the people’s responsibility to pay taxes to bail private enterprise or people out of bad business decisions. Its also not our responsibility to pay for the National Endowment for the Arts.

      Americans would not need a tax refund stimulus plan if we were allowed to keep our own money.

      The answer to our problems is hardly electing socialists like Clinton & McCain.
      R

    10. tim on April 18th, 2008 6:27 am

      The only point I want to make is that healthcare is the root of a lot of problems we hold these doctors and dentists to such a god status. The Europeans treat them as any other person. You do not see doctors making 6 figures there. In Eastern Europe they make 200 USD a month that is why the Countries can supply universal healthcare.

    11. katablog on April 18th, 2008 7:09 am

      Let’s add to Red’s comment #9 about what American’s should not have to pay:

      Billions and billions in pork

      Illegal Aliens

      Junket trips to Iraq’s green zone, Syria, etc. for Senate and Congress to get their faces on TV

      Hearings on Baseball, etc. that again are merely paid advertisements for the Congress making asinine speeches

      Stupid studies to find out why kids fall off tricycles etc.

      Handout “grants” to “friends” within the government

    12. katablog on April 18th, 2008 7:32 am

      Tim: How many doctors do you think would work for $200 a month in the USA or even $2,000 a month? If the USA reduces the amount of money they pay doctors they will either reduce the number of doctors or the standards to which we hold doctors.

      Our doctors charge what they do because of the medical malpractice insurance rates and because of the years and years of schooling we require.

      Do you really want to be treated by a doctor who is held to 3rd world standards or who has less education?

    13. Dolf on April 18th, 2008 8:13 am

      Red, is that the famous US equality?

      that is equal if you have money, if you don’t your screwed

      and a bit of socialism isn’t bad

    14. Dugga on April 18th, 2008 11:11 am

      Is it too late to get Red on the ballot for the 08 election?

      :-)

    15. tim on April 18th, 2008 12:41 pm

      #12, I agree with the cosyt of malpractise being so high. We live in a suing thy neighbor society because it is an easy buck. Change the laws on amounts of compensation in lawsuits. That will never happen because what is the background of the politicians? Most are former lawyers (the scum of the earth). As for education the doctors in Europe they are very well educated and are not third world country doctors. I have been treated by them and they know their shit. Talk about third world doctors where in the hell do you think most doctors in the US come from? We hold doctors in such high regard. Yea they pay outrageous amounts on education because the schools can charge it and the students will pay it because of the earning potential. This country is going to hell in a handbasket because the democrats promote that people are entitled to this and that. Bullshit you are not entitled to anything. Get off your ass and work for what u need and want. Giving benefits to illegals is assinine as well as criminal.

    16. katablog on April 18th, 2008 10:23 pm

      Tim: you mentioned “eastern Europe” and somehow East Berlin and such places came to mind.

      In the USA medical costs skyrocketed not because of Drs wages (remember the years of education and residency they have and football players make more), but because of 1) medical malpractice ins. 2) cost of drugs again due to lawsuits 3)need to order every test known to man to prevent being sued. Add to that about 20 Million illegal aliens stopping up the system without paying and it ends up that you and I get to pay for lawsuits and illegals along with our own health care.

    17. ndeskimo on October 8th, 2008 8:45 am

      I’m glad I stumbled across this page.

      I wish people wouldn’t just take one issue and beat it to death. The fact is, we’re voting on who we think will serve us best OVERALL. Healthcare, foreign policy, the economy, taxes… not to mention gun control, abortion rights, drug laws… I could go on.

      Fact is, NO one has a plan that is 100% good for everyone. I’m convinced of that. But don’t put your blinders on and think that just because someone has a good tax idea, or a good energy idea… that they aren’t screwing you from behind while you are blinded by the shiney nickels they are throwing at you… Just sayin’.

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