Attack of the Tax and Spender

Democrats. As usual, the Middle Class will be taxed MORE to support the base of the Democrat Party, the lazy, the stupid, the illegal aliens, and the other useless human flotsam. Only an economic MORON would call for a raise in taxation when the economy grew at a measly 1.2% (and it is probably lower than that knowing how Obama lies), and it guarantees that the Obama Recession continues. It is crony taxation that squeezes money from US and sends it to The Hildabeast’s buddies overseas, who have bought and own the whore.

Maybe The Hildabeast’s lover Huma, a Muslim, can get The Clot to slap a Jizya tax on America and pay it to their masters in Saudi Arabia, etc.

EXCERPT:  “Hillary’s formally proposed $1 trillion net tax increase consists of the following:

Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.

Business Tax Increase — $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.

“Fairness” Tax Increase — $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.

But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much higher than $1 trillion.

For instance:

Capital Gains Tax Increase — Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for a byzantine capital gains tax regime with six rates. Her campaign has not put a dollar amount on this tax increase.

Tax on Stock Trading — Clinton has proposed a new tax on stock trading. Costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts. The tax increase would only further burden markets by discouraging trading and investment. Again, no dollar figure for this tax hike has been released by the Clinton campaign.

“Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” on income earned overseas. The term “exit tax” is used by the campaign itself. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. How much? The campaign doesn’t say.

and HERE is the crux of the problem with businesses LEAVING America.

This proposal completely fails to address the underlying causes behind inversions: The U.S. 39% corporate tax rate (35% federal rate plus an average state rate of 4%) and our “worldwide” system of taxation, which imposes tax on all American earnings worldwide. The average corporate rate in the developed world is 25%. Thirty-one of thirty-four developed countries have cut their corporate tax rate since 2000. The U.S. has not. Hillary’s plan moves in the wrong direction.”

The Democrats, using the same old shitty ideas from the 1930s.

http://www.atr.org/full-list-hillary-s-planned-tax-hikes#ixzz4FoWEMEzB

About GunnyG

Retired US Marine and pissed-off American. Tired of the bullshit from inside the Beltway and determined to change it, peacefully or otherwise. A Constitution-loving American who believes that the US is #1 and should be!
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4 Responses to Attack of the Tax and Spender

  1. Uriel says:

    Good post. If corporations have been stupid enough to pay this witch, I say they deserve to go down with her ship. Those in government across the US who are Democrats need to be put under a microscope and their actions examined. All cities need to begin the process of dissecting their officials actions and do what they have the power to do — stand up and vote these communists out of office. NOTHING is free and all will tow a line if we do not take action. We will see the rise of a Merckle government if not.

  2. GunnyG says:

    Uriel,

    Thanks and I agree. If Shrillary gets elected then the US deserves what they get and I am thankful that I no longer live near a big city. Let it burn and cull the herd of 47%ers.

  3. Pingback: HN&F | Gunny G.: Attack of the Tax and Spender | Rifleman III Journal

  4. Hardnox says:

    Good post. Whenever I hear the asshats use the word “invest” it makes me cringe. The bastards have figured out how to suck the treasury dry to their own benefit yet can never show a single example where their kumbaya plans produced a benefit.

    Shrillary’s plans will cause a mass migration of businesses. That is simply a fact as you point out. They are stuck on stupid.

    Next, she’ll be advocating for the nationalization of businesses for the “common good” of course. See Venezuela, like that worked out so good. Meanwhile Chavez’ daughter is sitting on $6 billion in offshore accounts. The left knows how to steal!