Taxmageddon: Massive Tax Hikes on the Horizon
With all of the talk on the other side about the GOP ‘destroying’ the middle class, the January 2013 ‘Taxmageddon’ will do more harm to the middle class than you are probably aware of.
A few points from a Heritage.org research article (and then there’s more):
Taxmageddon Is Huge
- Unprecedented Tax Hike For 2013: Starting January 1, 2013, Americans will face a $494 billion tax increase, the highest ever in one year. Obamacare’s tax increase over 10 years barely edges ahead of Taxmageddon at $502 billion. The average American household would see its taxes rise by $3,800 in 2013 alone.
- Taxmageddon Hits the Middle Class: Taxmageddon falls primarily on middle- and low-income Americans. That’s because 60 percent of the Bush tax cuts went to middle and low-income taxpayers.
- Holding Off on Hiring: Although these taxes don’t start until January 1, 2013, they are already having a negative impact on the economy. This just continues to slow job creation and stop many unemployed Americans from going back to work. more
I’ve talked with friends from the UK about free healthcare there and with a friend who just lost his father-in-law in Ukraine while bribing the doctors to treat the man – in a free healthcare country. I’ve just read an article about the huge problem with the sick – elderly and young people – in hospitals and nursing care facilities in the UK, where people have died of starvation and dehydration. One young man died of dehydration while begging for water. His parents were told that he was mentally unstable – so he didn’t know that he needed a drink of water?
That’s free healthcare. It’s neither free nor good. It’s not sustainable or survivable. At what cost in lives and health will we take on ‘free’ healthcare?
We might have problems with healthcare in the US, but we don’t know anything yet. If the government run healthcare that we are looking at becomes permanent, we will find out just how great ‘free’ healthcare really is.
The following is an article written by Daniel J Mitchell of Townhall.com:
“Wanna Die? Try Government-Run Healthcare”
“I’m not a fan of the American healthcare system. It suffers from huge inefficiencies because of problems such as third-party payer, which is caused by government programs such as Medicare and Medicaid along with a system of tax code-driven over-insurance in the supposedly private sector.
But regardless of how much I grouse about the damage government causes in the United States, I can say with considerable confidence that the government-run system in the United Kingdom has even larger problems.
Here are some of the shocking details from a report in the UK-based Daily Mail.”
“Apparently, Frank Sinatra served as Mitt Romney’s debate coach. As he put it about halfway through “That’s Life”:
“I’d jump right on a big bird and then I’d fly . . . ”
That’s what Mitt did in Denver. Ten minutes in, he jumped right on Big Bird, and then he took off — and never looked back, while the other fellow, whose name escapes me, never got out of the gate. It takes a certain panache to clobber not just your opponent but also the moderator. Yet that’s what the killer Mormon did when he declared that he wasn’t going to borrow money from China to pay for Jim Lehrer and Big Bird on PBS. It was a terrific alpha-male moment, not just in that it rattled Lehrer, who seemed too preoccupied contemplating a future reading the hog prices on the WZZZ Farm Report to regain his grip on the usual absurd format, but in the sense that it indicated a man entirely at ease with himself — in contrast to wossname, the listless sourpuss staring at his shoes.” more…