This was forecast 2 years ago. Won't mention any names, but he was P{ooh Poohed at the time.
And look it up! No Budget from the Congress in over 3 years now. With 3 Budgets being submitted by the house since the GOP took control, and either killed, or not even brought to a vote in the Democratic controlled Senate.
Harry Reid says we dont need a budget, we can spend without it.
One Half Trillion Dollar Tax Increase on 1 Jan 2013. AFTER the Election.
Birthpangs
2012/05/14 12:07:14
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12 votes
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4 votes
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ONE-HALF TRILLION DOLLARS OF TAX INCREASES ARE SCHEDULED TO HIT YOU ON JANUARY 1, 2013!
Heritage Foundation's Curtis Dubat reports: "It's $500 billion of higher taxes just in 2013 alone!"
"A tax hike of that size for just one year is simply unprecedented. It's going to take an enormous chunk of the economy out of the hands of the businesses and people and families that earned the income and give it to Congress to spend."
On January 1, 2013, here is what will happen:
Heritage Foundation's Curtis Dubat reports: "It's $500 billion of higher taxes just in 2013 alone!"
"A tax hike of that size for just one year is simply unprecedented. It's going to take an enormous chunk of the economy out of the hands of the businesses and people and families that earned the income and give it to Congress to spend."
On January 1, 2013, here is what will happen:
- The Bush-era tax cuts will expire!
- The fix of the marriage penalty will stop, meaning many married couples will all of a sudden have to pay MORE taxes
- Social security payroll tax, now at 4.2 percent, will be reinstated to 6.2 percent
- The Alternative Minimum Tax will be reestablished , which means many more middle-income Americans will get treated like the wealthy in the eyes of the IRS and taxed much more
- Parents who were writing off $1,000 in taxes for each of their children, will now only be allowed to write off $500
We have cowards running the country my friends.
And look it up! No Budget from the Congress in over 3 years now. With 3 Budgets being submitted by the house since the GOP took control, and either killed, or not even brought to a vote in the Democratic controlled Senate.
Harry Reid says we dont need a budget, we can spend without it.
Its time for this , its time for ALL the tax cuts to expire . Its time to start over and let the liberals get their 7 billion dollars a year in taxes from the rich -but- to also restore the 400 billion dollars a year liberal scum are stealing from SSI every year …
Blaming Obama – or if your retarded +liberal President George W Bush , President Reagan , All Us history , free markets , unnamed conservative policies , white people , the first two amendments to the constitution ...etc etc (whatever Obama tells you to be mad about today) is not going to break the stale mate or stall our crash ! Game is over kids , country is bankrupt its time to hit the reset button -