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发帖数: 29846 | 1 Published on DickMorris.com on December 6, 2010
Dear Friend, The formerly solid wall of Republican opposition to any tax
increase has now been breached and it is up to us to repair it and plug it
up! Three normally conservative Senators -- Tom Coburn (Oklahoma), Mike
Crapo (Idaho) and Judd Gregg (New Hampshire) -- have voted in favor of the
Bowles-Simpson Deficit Reduction Commission's recommendations for massive
tax hikes.
Coburn, Crapo, and Gregg are laboring under the grand illusion that tax
increases can reduce the deficit. In fact, the record is the exact opposite!
Tax increases dampen economic growth (particularly during a recession) and
never bring in the revenue they are supposed to. And, because they hurt the
economy, they increase mandatory entitlement spending on Medicaid, welfare,
unemployment compensation, and food stamps, thereby eradicating any spending
cuts that may have accompanied them.
Coburn, Crapo and Gregg's vote endorses and sends to Congress a report that
calls for a nine-year tax hike of $1.3 trillion, raising the federal tax
burden permanently to 21% of GDP as opposed to the average of 18% to date (
source: Americans for Tax Reform).
It even eliminates Congressional control over tax increases. They would
become automatic after 2013 unless the Commission's proposals are
implemented.
The Commission called for higher tax rates, reduces indexing of tax brackets
for inflation, raises the capital gains tax from 15 to 23%, raises Social
Security taxes by up to 50% for taxpayers making up to or over $150,000 a
year, doubles gas taxes, and makes inheritance taxes at 45% permanent.
Coburn, Crapo, and Gregg had done great harm to our cause by endorsing the
idea that a "centrist" approach of combining tax increases and spending cuts
is the answer to our deficit. Their approach would lock in Obama's massive
increase in government spending.
When Obama took office, federal, state, and local governments combined
accounted for 35% of our economy. Now they are up to 45%, ahead of Britain
and Germany! We must roll this back through spending cuts, not ratify it
through tax increases. Judd Gregg is retiring and Coburn and Crapo were just
re-elected. Neither said anything about endorsing big tax increases as soon
as the ballots were cast. They hid their true intentions from us! Please,
drown Coburn and Crapo in letters and phone calls to protest their betrayal
of our cause!! We must make sure that they do not back these tax increases
on the floor of the Senate!!! And that their defection does not encourage
other RINOs to break ranks!
Tom Coburn's contact info is: Senator Tom Coburn 172 Russell Senate Office
Building Washington D.C., 20510 Phone: 202-224-5754 Fax: 202-224-6008
Senator Tom Coburn 1800 South Baltimore Suite 800 Tulsa, Oklahoma, 74119
Phone: 918-581-7651 Fax: 918-581-7195 Senator Tom Coburn 100 North Broadway
Suite 1820 Oklahoma City, Oklahoma, 73102 Phone: 405-231-4941 Fax: 405-231-
5051
Mike Crapo's contact info is: Senator Mike Crapo 239 Dirksen Senate Office
Building Washington D.C., 20510 Phone: 202-224-6142 Fax: 202-228-1375
Senator Mike Crapo 410 Memorial Drive Suite 204 Idaho Falls, Idaho, 83402
Phone: 208-522-9779 Fax: 208-529-8367
Fax, write, phone!
Make their phone ring off the hook!
Thanks and God Bless America, Dick Morris Is Obama Terrified of the "Secret
$200 Retirement Blueprint?" http://www.agorafinancial.com/reports/PSF/Blueprint/vp/PSF_RetirementBlueprint3959AR_vpEx1.php?code=LPSFLB51 ______________________________________________________________________________________________________________________________________ GO TO DICKMORRIS.COM TO READ ALL OF DICK'S COLUMNS! PLEASE FORWARD THIS EMAIL TO FRIENDS & FAMILY AND INVITE THEM TO RECEIVE OUR FREE COLUMNS BY SUBSCRIBING HERE. THANKS! http://www.dickmorris.com/subscribe.php?utm_source=dmreports&utm_medium=email&utm_content=link&utm_campaign=Dickmorris%2BReports%2BSignup THANK YOU! |
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