



I thought I would reply to all the "fwd.fwd.fwd" emails I continue to receive in my inbox about how Obama wants to raise your taxes and end the Bush tax cuts, blah, blah, blah. So Id like to respond first by saying the upcoming tax cuts that are coming in 2011 are actually "The Obama Tax Cuts", because in fact, the "Bush tax cuts" are expiring. They are expiring because the tax cuts passed in 2001 and 2003, passed through a process called reconciliation, meaning they didn't have the votes to make the cuts permanent. The Obama Administration and Democrats want the tax cuts to be extended for everyone except the top 2%. I know, I know, Ive heard the argument. "If we tax the rich, we are punishing the middle class and killing jobs" and my response to that is, where are the jobs? We have these tax cuts now, we had them in 2007 and we still went into the greatest economic downturn in nearly 3 generations. The point being you can't have a tax cut for the richest Americans (none of which are reading this blog by the way) and also reduce the deficit. Did you know that in fact, the Bush tax cuts cost as much as the Stimulus, TARP, Health Care Reform and the Auto Bailout combined? That's right! So I love when I hear Republicans say "we are going to reduce the deficit and continue the 1 trillion dollar unfunded Bush Tax cuts for the wealthy" as if you can do both. Ive decided to attach graphs to this blog, as this sometimes allows people to see things more clearly. The 1st graph shows the Democratic tax plan vs the Republican tax plan, as you can see the middle class actually gains a few dollars under the Democratic plan, until you hit the ubber rich, then the Republicans come away with the win. The 2nd graph shows spending under previous administrations. "Those Darn Big Spending Liberals!!!" The graph shows how George W. Bush spent the most money during his 8 year administration, while not vetoing a single budget that hit his desk! The 3rd graph is the bikini graph, it shows job creation under the last 2 years of the Bush administration and the 1st year of the Obama administration, where more private sector jobs were created then the entire 8 years of the Bush administration. And finally graph #4 shows income gains from 1979 to 2007. This graph shows an overall net income for the top 1% versus the middle class and lower class incomes. The top 1% has seen an increase of almost 300% in the last 30 years versus 25% for the middle class. So excuse me if I don't give a rats ass about the top income earners. Suck it up! You've had it good for a long time... a long, long time. And soon you will have to pay 3% more then you do now.. Get over it! You'll find a tax loop hole and you'll be back on top in no time. The American people have faith in you and we will continue to work hard, so you don't have to!