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In California we have just six more months of Arnold as Governor.
Nationally, we have no more than six more months until the economy collapses.
It will either collapse because of the Obama policies in re: health care, socializing the auto and financial industries, protecting Freddie and Fannie, or his cap and tax proposals.
If that does not do it, maybe the passage of a bill to “deem" a new budget will do it--no vote on a new budget, no new budget proposed, just allow spending to continue--that is called totalitarianism.
I will guarantee that Congress failing to stop the implementation for the worlds largest tax increase on January 1, 2011, will collapse the economy. I am sure that Arnold is looking at Obama with envy for this tax increase.
1."In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011"
2. "There are over twenty new or higher taxes in ObamaCare. Several will first go into effect on January 1, 2011."
3. "The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress failure to index the AMT will lead to an explosion of AMT taxpaying families rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or depreciate) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be depreciated.
And, this does not include higher insurance premiums due to the "free" health care procedures being mandated by Obama.
Yes, January 1, 2001 will be a day that will live in "economic infamy". Thank you President Obama. Sadly, families, businesses and jobs will be destroyed as you play with your friends like Bill Ayres, SEIU and ACORN.
July 4th is celebrated for freedom. In the future January 1 will be deplored, not for the hangovers, but the economic collapse of a free nation, caused by government.
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Nationally, we have no more than six more months until the economy collapses.
It will either collapse because of the Obama policies in re: health care, socializing the auto and financial industries, protecting Freddie and Fannie, or his cap and tax proposals.
If that does not do it, maybe the passage of a bill to “deem" a new budget will do it--no vote on a new budget, no new budget proposed, just allow spending to continue--that is called totalitarianism.
I will guarantee that Congress failing to stop the implementation for the worlds largest tax increase on January 1, 2011, will collapse the economy. I am sure that Arnold is looking at Obama with envy for this tax increase.
1."In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011"
2. "There are over twenty new or higher taxes in ObamaCare. Several will first go into effect on January 1, 2011."
3. "The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress failure to index the AMT will lead to an explosion of AMT taxpaying families rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.
Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or depreciate) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be depreciated.
And, this does not include higher insurance premiums due to the "free" health care procedures being mandated by Obama.
Yes, January 1, 2001 will be a day that will live in "economic infamy". Thank you President Obama. Sadly, families, businesses and jobs will be destroyed as you play with your friends like Bill Ayres, SEIU and ACORN.
July 4th is celebrated for freedom. In the future January 1 will be deplored, not for the hangovers, but the economic collapse of a free nation, caused by government.
More...