Wednesday, February 16, 2011

Economic Plunder Association

The Economic Plunder Association (also know as the "Environmental Protection Agency" by some) is still in the business of destroying jobs, stifling innovation, and suppressing economic growth in general.

Regardless of whether or not you believe that global warming is a hoax (imposed on society to suppress economic development) or that global warming is the biggest threat to our society and is currently destroying the planet: the underlying issue should still be minimizing pollution.  After all of the rhetoric: the underlying goal should still be to minimize pollution and waste. By minimizing pollution and waste, scarce resources are used with more discretion, which in turn benefits both the environment and the economy.  Deterring free markets and halting economic development will prevent innovation that would have otherwise ultimately helped the environment.

Free markets lead to innovation that help create a more efficient application of energy, and any other resource for that matter.  No one wants excess pollution.  No one wants more waste than absolutely necessary.  It is expensive both economically and environmentally.  Any resource that is privately owned or privately managed will always be applied with greater discretion.  Therefore private ownership should be encouraged and embraced.  The Economic Plunder Association / Environmental Protection Agency is yet another government mandated public effort that diverts the importance of the underlying issue and distorts the goals that would otherwise benefit everyone.

Friday, February 11, 2011

Blatantly False

The claim that he did not raise taxes is "blatantly false".

He initially said that “I didn’t raise taxes once”.  Then again saying, “I didn't raise taxes once; I lowered taxes over the last two years.”

Americans for Tax Reform clearly outline the new taxes:

- Individual Mandate Excise Tax
- Employer Mandate Excise Tax
- Small business 1099-MISC Information Reporting
- Surtax on Investment Income
Excise Tax on Comprehensive Health Insurance Plans
- Hike in Medicare Payroll Tax
- Medicine Cabinet Tax
- HSA Withdrawal Tax Hike
- Flexible Spending Account Cap – aka “Special Needs Kids Tax”
- Tax on Medical Device Manufacturers
- "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI
- Tax on Indoor Tanning Services
- Elimination of tax deduction for employer-provided retirement Rx drug coverage
- Blue Cross/Blue Shield Tax Hike
- Excise Tax on Charitable Hospitals
- Tax on Innovator Drug Companies
- Tax on Health Insurers 
- Biofuel “black liquor” tax hike
- Codification of the “economic substance doctrine”

- The President's entire claim of being a net tax-cutter rests merely upon the temporary tax relief he has signed into law.  The tax increases he has signed into law have invariably been  permanent.  In fact, he signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts.

- Over 90% of the dollar value of the tax cuts he signed into law are only temporary.

- 100% of the tax increases he signed into law are, however, permanent.

- Permanent changes to tax law signed by the President amount to a net tax hike of $618.7 billion.

Is he knowingly lying?  Or does he really not know and is merely repeating what he is told to say?  Either scenario is embarrassing and unacceptable.