September 20, 2011
The Queen of Mean, Leona Helmsley, was right – the wealthy do not pay taxes, the little people do. Helmsley’s remark is more spot on than ever as Obama prepares to raise taxes on middle income Americans under the ruse of taxing the rich.
According to the establishment media, Obama’s tax burden will hit predominantly upper income taxpayers and reduce spending on “mandatory benefit programs,” including Medicare and Medicaid, by $580 billion.
Obama and the Democrats will raise billions more, not by direct taxation but through an across the board increase in government mandated fees.
Documents crafted by the Obama administration describe the fees as savings, according to the Associated Press.
Air travelers will be forced to pay more “federal security fees” – and endure what amounts to sexual molestation at the airport – and corporate air travel will get socked with a round of new fees.
Government workers are easy targets, so they will face an additional 1.2 percentage point deduction from their paychecks to contribute $21 billion more for their pensions.
Military retirees will pay a $200 fee when they turn 65 to have the government pay their out-of-pocket Medicare expenses and will also pay more for non-generic prescription drugs.
Mortgage behemoths Fannie Mae and Freddie Mac will be charged new fees that will naturally be passed along to lenders. The fee increase will reportedly raise $28 billion over 10 years.
Obama has come up with a blizzard of new fees, including fees that “tilt toward the arcane,” according to the AP.
“There’s a plan to save $3 million a year by developing an electronic records system for hazardous waste shipments. Another would produce $7 million more a year by giving the federal government a 50 percent share of receipts from geothermal leases on federal lands instead of 25 percent, with the remainder going to the states.”
If you think the Republicans will save you from Obama taking more of your money to pay off a national debt you are not responsible for, think again.
A Biden-led group including Republicans think fleecing air travelers is a good idea and they are coming around to the idea that tax increases can be disguised as fee increases for “government services” that are in fact government monopolies.
This article was posted: Tuesday, September 20, 2011 at 7:54 am