Wednesday, April 21, 2010

When Did 25% Become Zero?

I love a politician that forgets every single word they say is written down and kept somewhere.  It makes for a better irony later, don't you think?  When George Bush Sr, reneged on his promise of 'no new taxes' the media went nuts.  It was as if there had never been a broken promise in politics before. Television programs made it a punch line, so did everyone else.  Where is this gold standard now?  B.O. told me ad nauseum  that he was going to eliminate the capital gains tax for small businesses.  When I was going to school, eliminate meant doing away with, banishing, removing completely-you get the idea.  So how is it, that lowering the capital gains tax by twenty five percent is the same thing?  Last time I checked, this would be another glaring lie that the media has let their boy get away with.
Not that this would surprise anyone who has read an American paper in the last say- eighteen months.  The slow dance in the moonlight that the media has been enjoying with B.O. is ridiculous.  I know that there is usually a "honeymoon" period for an elected official, but seriously?  If this goes on much longer, they should get a room.
Now for those that don't understand how this works-small businesses employ the vast majority of workers.  It might be a small gas station or something as large as a press shop that employs a few hundred folks.  When these businesses don't have to pay as many taxes, they have money left over to hire people to create more taxes.  See how that works?  The current system practically punishes a company for being successful.  Which do you think would create more jobs- a system that encourages you to hire more people, or one that forces you to do more paperwork and pay more money to the government?  Anyone? Anyone?
Ronald Reagan said it best-"There is no situation that more government can't make worse." The mainstream media seems to have an agenda, don't they? Don't trust the media to give you the whole story.Do a little homework, you'll thank me later.

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