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Saturday, October 13, 2007

Hillary = less money in your pocket

In an article from the Associated Press, Hillary Clinton is once again discussing raising taxes, but won't do it publicly. Instead, her public answer is quoted to have been, "I don't think I should be negotiating about what I would do as president." I ask you, isn't that the point of a campaign, to tell us what you intend to do as president?!?!

Could it just be that Hillary doesn't want us to know that her plan to "fix" Social Security is to raise our taxes? She apparently privately told a voter that she would leave the current Social Security limit at $97500 of income and then add an additional tax for those who make over $200000. That sounds great except that the tax limit has been raised over the years and it wouldn't take long for the "gap" between $97500 and $200000 would disappear resulting in everyone paying Social Security taxes (14.3%) on all income.

In addition, our income (my wife and myself) would be considered upper class in many parts of the country, but here in the New York metro area (where we happen to have jobs and family, otherwise we would move) we are barely middle class due to the cost of living. Given that, who is Hillary Clinton (or any politician) to say that the "rich" aren't paying their fair share. If she wants to develop a tax based on the relative income based on cost of living in a certain area, then she might be on to something (imagine THAT tax return!). Or.....she could do what was proposed by the Republicans years ago and develop a flat tax.

Thoughts anyone?

1 comment:

Anonymous said...

"Senator Clinton's big government philosophy now has its very own blueprint," a spokesman for Mitt Romney said. "Senator Clinton's plan guarantees higher taxes, which will slow down our economy, halt job growth dead in its tracks,and make American businesses both large and small less competitive in the global economy."

Amen to that and God help us if she or any other Democrat wins the Presidency. Give the people back our earned income -lower taxes and minimize Government!! Economic growth will follow. All Hillary is worried about is funding programs that buy Democrats more votes and more power. Bill and Hillary Clinton are obsessed with money, their money, and that's the bottom line.

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