So, now, Hillary Clinton has decided that instead of lowering the amount of taxes people pay, so they can put more of their own money into their own retirement, the wicked witch of the south NOW wants to take even more money, in the form of taxes, (See also, theft) to give to everyone with a retirement plan, a total of $1000.
By the words of the press release of about a half hour ago:
The cost of the generous matching tax cuts to middle income families in Hillary’s American Retirement Accounts plan would be about $20-$25 billion per year. Hillary will finance these tax cuts without increasing the deficit by dedicating a portion of the revenue from freezing the estate tax at its 2009 level of $7 million per couple.
Of course this is the class envy game again:
According to the Joint Committee on Taxation, freezing the estate tax at that level and avoiding outright repeal generates more than $400 billion over ten years. By devoting a portion of these resources to fund the matching tax cuts in the American Retirement Accounts plan, Hillary will be avoiding a further tax cut for 10,000 of the wealthiest estates in the U.S. in order to give tens of millions of families a tax cut to help build their own nest egg for retirement. If 50 million households benefit from the matching tax credits in the American Retirement Account, that would mean that for every 1 wealthy estate facing a less generous estate tax exemption, at least 5,000 middle class families would receive a tax cut that will help them save, invest and one day own an estate of their own.
Hmmm Sounds like a song I’ve heard, just recently….
Tax the rich
Feed the poor
Till there are no
rich no more.
This grand socialist a redistribution as scheme has been disproved on time and again and in more countries than just this one. The woman is lying through her teeth.
Which in turn brings to mind another song. Let’s see if I can recall it, here…
We are amazed but not amused
By all the things you say that you’ll do
Though much concerned but not involved
With decisions that are made by youBut we are sick and tired of hearing your song
Telling how you are gonna change right from wrong
‘Cause if you really want to hear our views
“You haven’t done nothing”!It’s not too cool to be ridiculed
But you brought this upon yourself
The world is tired of pacifiers
We want the truth and nothing elseAnd we are sick and tired of hearing your song
Telling how you are gonna change right from wrong
‘Cause if you really want to hear our views
“You haven’t done nothing”!We would not care to wake up to the nightmare
That’s becoming real life
But when mislead who knows a person’s mind
Can turn as cold as iceWhy do you keep on making us hear your song
Telling us how you are changing right from wrong
‘Cause if you really want to hear our views
“You haven’t done nothing”!