July 12, 2010

When the Bush tax cuts are allowed to expire, it is going to hit lower and middle class families very hard despite Obama's claim that it won't at all

Barry L. Camp :  Obama promised those making 250K and LESS would not see an increase. It's BS, and here's just a few of the reasons why:
 
[When the Bush tax cuts are allowed to expire:]

1. Tax brackets revert to pre-Bush cuts: 10% to 15%, 25% to 28%, 28% to 31%, 33% to 36% and 35% to 39.6%. EVERYONE gets an effective increase in their tax liability.... See More

2. $1000/child tax credit falls back to $500. That hits ALL families, even those in the lower brackets.

3. Return of "Death Tax" - Estate tax comes back at 55%. Insidious, because it is a tax on money already earned and taxed previously.

4. Marriage penalty provisions return.

5. Capital gains rate increases from 15% to 20%.

6. Dividends rate of 10% reverts to rate of Capital gains (up to 39.6%, depending on other income).

7. No adjustment of personal exemption.

8. No adjustment of exemption for 401k contributions.

This is going to hit lower and middle class families very hard, despite Obama's claim that it won't at all.



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Mackinac Center Profiles Hoogendyk/Upton Race


 
 
 
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gadsen
Dear RG,  

The Mackinac Center for Public Policy recently published a profile of the 6 district congressional race in their publication "Capitol Confidential." Thanks to the CapCon for shedding a little light on the race.
Michigan Cap Con Profile: The 6th Congressional District Race
Michigan's 6th Congressional district is in the far southwest corner of the state. It is currently held by U.S. Rep. Fred Upton, R-St. Joseph, who is running for re-election. Upton is being challenged in the Republican primary by former state Rep. Jack Hoogendyk, R-Texas Township. Western Michigan University associate professor and Kalamazoo city commissioner Don Cooney of Kalamazoo is the only Democrat filed in that primary.
The public policy records of both Republican candidates have been featured in MichCapCon.
Regarding the issues covered in MichCapCon, Jack Hoogendyk has occasionally broken ranks and voted against what the majority of Republicans in the Michigan House were supporting.
Along with approving the $1.4 billion in state tax hikes imposed at the end of 2007, the Michigan Legislature approved budgets for 2008 that were designed to spend the extra tax revenue. Of the 148 lawmakers combined in the Michigan House and Senate, 114 voted for  state budgets that spent at least $1 billion more than the prior year appropriations, and 41 voted to spend in excess of $1.4 billion more (see: www.MichCapCon.com/9270).
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"Hoogendyk...was one of just six lawmakers whose votes on 2008 budgets added up to less than $100 million in additional spending above the 2007 level...was one of 15 lawmakers who voted against all of the [$10 million in] fee hike extensions...was of the minority of lawmakers in both parties who originally voted against creating the [bad driver] fees."
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The budget bills that Hoogendyk voted for increased spending by just $7.5 million. He was one of just six lawmakers whose votes on 2008 budgets added up to less than $100 million in additional spending above the 2007 level.
Also in 2007, Michigan job providers were set to experience $10.7 million in cost reductions when supposedly "temporary" fee increases were set to expire on Sept. 30, 2007. However, before the expiration took place, the Legislature voted to extend the sunset on the fee hikes from 2007 to 2012 (see: www.MichCapCon.com/9333). Of Michigan's 148 lawmakers, 118 voted to approve at least $10 million in fee hike extensions. Hoogendyk was one of 15 lawmakers who voted against all of the fee hike extensions.
A 2003 law imposed "bad driver fees" and other cost increases on Michigan motorists. These fees now take $120 million per year from taxpayers and give it to the state's general fund. While most Republicans in the Michigan Legislature voted for the fees, several who voted "yes" have now begun to publicly admit that they cast a bad vote that was really designed to collect money for government rather than enhance public safety (www.MichCapCon.com/12976). Hoogendyk was of the minority of lawmakers in both parties who originally voted against creating the fees.
MichCapCon's coverage of the Michigan Congressional delegation has focused on rankings of federal lawmakers' votes on spending and economic policy, and this is where Upton's name has usually appeared. However, his recent decisions to commit his vote against two signature policies of the current President have also been the subject of MichCapCon coverage.
A MichCapCon article from February noted a pledge being taken by federal lawmakers to vote against "cap and trade" legislation (see: www.MichCapCon.com/12201). Upton was the very first federal official from Michigan to sign on to the pledge.
Likewise, a similar pledge to repeal the federal health care law was the subject of an April story (see: www.MichCapCon.com/12593). Upton and U.S. Rep. Candice Miller, R-Harrison Township, were the first members of Michigan's Congressional delegation to sign on with this effort.
When the Club for Growth, a D.C. free market political organization, recently released its scorecard ranking all members of Congress on their "pro economic growth" voting records during 2009, MichCapCon profiled the scores for the Michigan delegation (see: www.MichCapCon.com/12803).  The survey assigned weighted values to votes on taxes, budgets, earmarks, and more to arrive at a measurement of how well they believed that each lawmaker supported economic freedom.
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Upton posted a 39 percent score, compared with a GOP national average of 71.9 percent. He was the lowest-scoring Republican in Michigan.
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Upton's score was 64 percent, compared to an 82.7 percent national average for all Republicans in Congress. Only one Republican from Michigan beat the GOP national average, and Upton's score placed him third in the Michigan GOP delegation.
The same survey for 2008 was the subject of an earlier MichCapCon profile of the Michigan delegation (see: www.MichCapCon.com/12284). In this instance,
Upton posted a 39 percent score, compared with a GOP national average of 71.9 percent and a national average for all members of 36 percent. He was the lowest-scoring Republican in Michigan.
The "RePork Card" is a different ranking put out by the same organization - the Club for Growth. This measures the willingness of all members of Congress to vote against earmarks in the federal budget. The 2009 scores for the Michigan delegation were profiled in a January MichCapCon article (see: www.MichCapCon.com/12007).  Nationally, 22 members of Congress received a perfect score of 100 percent, having voted to remove each earmark used in the ranking. The median national score for all Republicans was 69 percent, and three Republicans from Michigan exceeded this mark. Upton's score was 53 percent.
An earlier MichCapCon article examined five specific earmarks that received national attention due to the outrage they produced from the public (see: www.MichCapCon.com/11218). Time Magazine listed three of them on a list of its ten most outrageous earmarks of the year for 2008. Among the votes profiled were those to kill an appropriation for a research center in Maine that bragged about creating dog treats made of lobster, and a museum for mules in California. Of the five earmarks profiled, Upton voted to strip two of them out of the budget.

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Come join Trucker Randy at The Only Debate for the 37th District-State Senate before the Republican Primary Election on August 3rd!!! on "Trucker Randy" BISHOP for State Senate




"It's time to send a Common Sense Conservative Truck Driver to Lansing" !!!
Trucker Randy.
Trucker Randy Bishop has invited you to the event 'The Only Debate for the 37th District-State Senate before the Republican Primary Election on August 3rd!!!' on "Trucker Randy" BISHOP for State Senate!
 
Check out "The Only Debate for the 37th District-State Senate before the Republican Primary Election on August 3rd!!!" on "Trucker Randy" BISHOP for State Senate

Trucker Randy Bishop

The Only Debate for the 37th District-State Senate before the Republican Primary Election on August 3rd!!! Time: July 20, 2010 from 2pm to 3pm
Location: Boyne Falls Public School
Organized By: WMKT Radio 1270 AM / 92.1 FM - Greg Marshall

Event Description:
I will debate my opponent on July 20, 2010 from 2:00 - 3:00 p.m. at Boyne Falls Public School.

Greg Marshall of WMKT Radio 1270 AM has put this debate together and will broadcast it live on 92.1 FM as well.

It will be also be streaming live on the internet at this link: http://bit.ly/c3oCp

Please mark your calendar and forward this e-mail to everyone in the 37th District!!!

Please listen in,...Thank you!!! Randy Bishop

P.S. You can read information about the District, us candidates and watch our videos on MIVote. org at this link: http://bit.ly/b84HQR


See more details and RSVP on "Trucker Randy" BISHOP for State Senate:
http://truckerrandy.ning.com/events/event/show?id=5311412%3AEvent%3A868&xgi=2wcM5uBxXW0aY2&xg_source=msg_invite_event
About "Trucker Randy" BISHOP for State Senate
Michigan's state government is broken and out of control. Let's send a common sense working man to Lansing, and let's take our State back!!
"Trucker Randy" BISHOP for State Senate 64 members
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#Mi Commerce Twp Lecture: Is Greece foreshadowing what Obama is doing to USA?/connection between cronyism & Socialism

Elizabeth Sipfle ~I hope you can attend this great lecture: Is the Economic Devastation faced by Greece a Foreshadowing of what Obama will do to the USA?
 
Mon, July 19, 2010 From 5:30 pm to 7:30 pm
 
Location:Willson's Pub 'n Grill2256 Union Lake Road, Commerce Twp., MI 48382
 
Donation: $20.
 
Mr. Gryparis was among the first people to recognize Obama as a socialist. And will be explaining the connection between socialism and cronyism.


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