Our Top Priority

 

Taxes

Taxes (Photo credit: Tax Credits)

The President gave some ideas on how his second term is going to progress, in his weekly remarks.

 

“On Tuesday, America went to the polls. And the message you sent was clear: you voted for action, not politics as usual. You elected us to focus on your jobs, not ours.   That’s why I’ve invited leaders of both parties to the White House next week, so we can start to build consensus around challenges we can only solve together. I also intend to bring in business, labor and civic leaders from outside Washington to get their ideas and input as well.”

It’s interesting to see the president finding that the voters, voted for action.  The action over the past four years of the Obama administration has been geared towards over regulation of private sector jobs and economic growth.  The president also went so far as to call out the private sector, and dismissing their efforts and hard work at their jobs and contribution to the economy.

The president goes on to say that he’s “invited,” both Democrats and Republicans, and a mix of other leaders to discuss this object of focus.  Well, Mr. President, we’ve heard this tune before and we’re continuing to await the results.

“Now we need a majority in Congress to listen — and they should start by making sure taxes don’t go up on the 98% of Americans making under $250,000 a year starting January 1st. “

More platitudes from the president.  Obama completely ignores the $2,500 a year tax all Americans pay at the pump every time they put gas in their vehicles.  Gasoline was at $1.90/gal in January 2009 when Obama took office and has seen the heights of $5.00 in some areas of the country.  The national average for a gallon of gas on election day 2012 was $3.50/gal.

Another completely ignored tax on all Americans is the pending,  Patient Protection and Affordable Care Act (PPACA), or Obamacare.  There are a plethora of new and higher existing health care taxes which will impact all of those who voted, workers and small business owners alike.  This doesn’t include PPACA taxes that have already taken effect since 2010.

New PPACA taxes due to take effect beginning in 2013 include, Surtax on Investment Income, the Hike in Medicare Payroll Tax, Flexible Spending Account Cap, and the Elimination of a tax deduction for employer-provided retirement prescription drug coverage in coordination with Medicare Part D.

President Obama’s “Top Priority,” seems to be simply nothing more than banalities, and cliches, with no basis in reality or backing of substance.

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