Bold Colors Blog

Stickin’ it to the libs, one day at a time

Posts Tagged ‘Barack Obama’

Unexpected honesty about Obama’s tax plan from ABC News

Posted by Liberty on March 3, 2009

Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan

Truly, I didn’t expect to find a story critical of Obama’s tax plan on the ABC news website but there it is!  It certainly comes off as vaguely critical of the messiah, Barack Obama.  The author, Emily Friedman, has focused on how Obama’s tax plan will impact people making over $250,000 annually.  The consensus among the interviewees is that they will do what is necessary to earn less to avoid Obama’s punitive taxes.

“Dr. Sharon Poczatek, who runs her own dental practice in Boulder, Colo., said that she too is trying to figure out ways to get out of paying the taxes proposed in Obama’s plan.

‘I’ve put thought into how to get under $250,000,’ said Poczatek. ‘it would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off.’

‘Generally it means being less productive,’ she said.

‘The motivation for a lot of people like me – dentists, entrepreneurs, lawyers – is that the more you work the more money you make,’ said Poczatek. ‘But if I’m going to be working just to give it back to the government — it’s de-motivating and demoralizing.'”

Dr. Poczatek is absolutely right.  The demoralization that she’s feeling is a natural side-effect of redistributive economics.  The real unintended consequences of Obama’s tax policy will be the loss of productivity.  Think job losses now are bad?  Just wait.

“Obama’s budget proposal calls for $989 billion in new taxes over the next 10 years, most of which will be earned from increased taxes on individuals who make more than $200,000 and from families who make more than $250,000.

The expiration of the Bush administration’s tax cuts at the end of 2010 would garner an estimated $338 billion, $179 billion would come from the elimination of some itemized deductions for higher-income taxpayers and $118 billion would be brought in from a hike in the capital gains tax. The remaining $353 billion would come from taxes on businesses.”

Not many are talking about how the expiration of the Bush tax cuts will affect the economy but we should be.  The expiration of those cuts will equal a tax increase for the bulk of taxpayers.

The ABC news piece also features a poll.  The question is, “is it fair to reduce salaries to sidestep President Obama’s tax proposal?”  As of 8:08 this morning, the answer “Yes. I also would find ways to decrease my salary to avoid taxes” had a significant lead.

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Posted in Arrogant politicians, Liberalism, Obama, Redistribution of wealth, Socialist economics, Stupid legislation, Taxes | Tagged: , , , , , , , , , , , | 10 Comments »

The tolerant, open-minded Left attacks Rush Limbaugh

Posted by Liberty on January 28, 2009

Democrats Start Petition Against Rush Limbaugh

What is constitutionally protected free speech?  If you’re a liberal, it means calling former President George W. Bush “Hitler”…or worse.  It means calling Sarah Palin a “bimbo”…or worse.  It is wearing a t-shirt that says “Bong Hits for Jesus.”  It is pseudo art exhibits like crucifixes suspended in jars of urine or throwing shoes covered in red paint at a giant picture of former President Bush.  Free speech is for Jon Stewart, Al Franken, Chris Matthews, Rachel Maddow, Keith Olbermann…not for Rush Limbaugh.  Free speech is for the Dixie Chicks and every Hollywood twit who has yet to figure out that nobody cares what they think…just so long as they look pretty.  And saying anything negative about the messiah, Barack Obama?  That is crossing the line!

“If you had any questions remaining about the war liberals have launched to end conservative talk radio they should be answered by a petition the Democratic Congressional Campaign Committee began ‘to show Rush Limbaugh and all of the Republicans what they’re up against if they start attacking President Obama.'”

That’s right…the tolerant, open-minded, free speech crusaders who will defend damn near anything [as long as it is offensive, crude and anti-Republican] are gunning for Rush Limbaugh.  Rush had the audacity to say that he hopes Obama fails.  And I agree with him.  Obama’s policies are counter to the principles that America was founded upon and will have disastrous effects upon our economy and our society as a whole.  Rush has the right to say things like this just as we all do. 

But the Left aren’t content to just live and let live as far as free speech is concerned.  They are going to be pushing hard for the Fairness Doctrine because they want to shut Rush down.  The Fairness Doctrine won’t apply to print media, network tv news, cable tv news or any of the other places that the Left dominates our culture.  It will just muzzle Conservative talk radio.  That’s fair, right?  Of course it’s not fair and the liberal hypocrites know it…they just lack the intellectual honesty to admit it.

Posted in Conservatism, Constitutional Rights, Future of the GOP, Innate hypocrisy, Just plain dishonest, Liberalism, Main Stream Media, Obama, Slavish media bias, Social engineering | Tagged: , , , , , , , , | Leave a Comment »