A Failed Congress: This Is Misfeasance—The Improper & Unlawful Execution Of An Act That In Itself Is Lawful—By A Congress Charged With The Governance Of The Nation
Alan Caruba * Canada Free Press
This is for all those who voted to reelect Obama or those who stayed home on Election Day 2012 because they found Republican candidates who talked about unemployment and the need for more jobs unappealing.
The blame falls on the Democratic Party that controls the Senate and the White House. The blame falls on the Republican Party that needs to grow a new backbone instead of looking for ways to compromise with an administration bent on the destruction of the nation.
What awaits Americans in 2013 is the largest tax increase in the history of the nation and it is not because the Republicans in the House of Representatives did not propose and pass one plan after another to avoid it.
What awaits Americans in 2013 is the result of the failure and refusal of Congress to reform a huge and horrible tax code that even Certified Public Accountants and IRS bureaucrats cannot fathom and, unless an alternative minimum tax “fix” is quickly approved, the IRS has notified Congress that up to 100 million taxpayers will have to wait to file while it overhauls its computers.
Failing to act on the recommendations of the Simpson-Bowes Commission to reduce government spending, reform the tax code, and save the “entitlement” programs, and ignored by the President, resulted in a “sequestration” program of automatic, draconian reductions that will cut the defense budget at a time when it is our primary deterrent to attacks on the homeland and the protection of our interests around the world.
Across the board cuts will impact all aspects of life in America; reductions in government spending that should have been introduced in a sensible, reasoned manner.
Remember George W. Bush who Obama insisted was to blame for the economy he “inherited”? The roll-back of the Bush-era tax cuts will impose increased taxes on families making between $50,000 and $75,000 that are estimated to take $2,400 from them according to one non-partisan study.
Investment taxes will increase as well. The capital gains rate will increase from 15% to 20% for investors. Dividends would be taxed like regular income, affecting decisions to purchase stocks that aid the growth and expansion of corporations large and small.
An estate tax will impact families seeking to pass on their properties and savings to the next generation.
continue at Canada Free Press:
http://www.canadafreepress.com/index.php/article/52001
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).