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What Happens When The Bush Tax Cuts Expire?

Posted by TheJOTUS on August 22, 2010

Basically everyone will have their taxes increase.  And married couples and families will be the hardest hit:

Taxes will soar in a number of critical areas, read below to see just how our bloated government plans to take more and more from all of us:

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, Congress enacted several tax cuts for investors, small business owners, and families. These are all currently set to expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

– The 10% bracket rises to an expanded 15%
– The 25% bracket rises to 28%
– The 28% bracket rises to 31%
– The 33% bracket rises to 36%
– The 35% bracket rises to 39.6%

This will affect people of all income levels!

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut. This will affect all people who are married and/or have children.

It was the democrats in both 2001 and 2003, that allowed those bills cutting the tax rates require hard-and-fast provisions creating an expiration date without any other action. We are now just a few short months away from that expiration date after seven years of seeing it coming.   Including more than 3 years of democratic control of Congress and almost 2 years of President 3 iron’s administration.

If nothing is done soon, then we are going to see the ‘murican people burdened with a nearly $4 trillion tax hike.


Posted in B. Hussein Obama, Conservatives in the Know, Taxes, Tea Party | Leave a Comment »

Hey, Who Has Two Thumbs And Fleeced The American People Out Of $250g’s?

Posted by TheJOTUS on August 10, 2010

This chic.

Ok……just so I get this straight in my head:  She takes a wealthy vacation while he criticizes the, errrrrr, wealthy?  Well then, that certainly makes Obama’s class warfare schtick sound even more ridiculous than usual. 

Old and busted:  Encouraging the layman to vacation down to the oil covered gulf while enjoying your own vacation up in Maine.

New hotness:  Expensive, lavish vacations overseas while unemployment nears 10%.

It’s good to be the Obamas.

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Obama: “I Will Not Rest”

Posted by TheJOTUS on July 11, 2010

He’s such a hard worker, that Obama:

APRIL 9, 2009 – “And we will not rest until we reach a day when not one single veteran falls into homelessness”

MAY 11, 2009 – “I will not rest until the dream of health care reform is finally achieved in the United States of America”

NOVEMBER 2, 2009 – “We will not rest until we are succeeding in generating the jobs that this economy needs”

NOVEMBER 23, 2009 – “I will not rest until business are investing again, and businesses are hiring again”

JANUARY 28, 2010 – “We will not rest until we build an economy that’s ready for America’s future”

MARCH 5 2010 – “I’m not gonna rest & my administration is not gonna rest in our efforts to help people who are looking to find a job”

MAY 26, 2010 – “We will not rest until this well is shut, the environment is repaired and the clean up is complete”

JULY 8, 2010 – “My administration will not rest until every American who is able and ready and willing to work can find a job”

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The Obama Tax Hike Exemption Card: Don’t Leave Home Without It

Posted by TheJOTUS on July 3, 2010

What taxes might you ask?  Well here are just a few:

The Tax on Indoor Tanning Services takes effect July 1, 2010

The “Medicine Cabinet Tax” takes effect Jan. 1, 2011

The “Special Needs Kids Tax” takes effect Jan. 1, 2011

The HSA Withdrawal Tax Hike takes effect Jan. 1, 2011

TheMedical Itemized Deductions Cap takes effect Jan. 1, 2013

The Obamacare Individual Mandate Excise Tax takes effect Jan. 1, 2014

The Obama 156%  Tobacco Tax Hike took effect April 1, 2009

Remember folks:  “No family making less than 250k per year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”

Again…You.  Lie.

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Hoping Of An Obama Failure

Posted by TheJOTUS on July 3, 2010

I great piece on how failure is always an option (yeah, I know it’s old):

I was going to write about the curious fact that it’s not only mathematically possible but now even somewhat plausible that Republicans could take over the Senate in November; but everybody and his monkey’s paw is already going on about that. So I’m shifting gears: Instead, I’ll argue against Michael Medved and every other conservative who repeats the stupid mantra that “Of course we hope President Obama is successful!”

That way, my only competition is Rush Limbaugh, whose explanation is kind of shallow, to tell the truth.

When some caller presses Medved on what the heck he means, he has a pat, memorized answer. Alas, it’s a complete non-sequitur. Medved invariably explains that he doesn’t mean he hopes Barack H. Obama succeeds in passing card check, implementing energy cripple and tax, closing Gitmo, ending the war against the Iran/al-Qaeda Axis, nationalizing more banks and other corporations, raising taxes, spending us into oblivion, and for dessert, foisting ObamaCare on the charred remains. Rather, Medved insists that by “I hope the president is successful,” he means he hopes that Obama succeeds in leading America to prosperity, security, and liberty.

This explanation is nothing but Mueslix on stilts: nutty, flakey, and wobbly all at the same time.

Medved is engaging in what I call “Argument by Tendentious Redefinition.” With that rhetorical trick, proponent takes an ordinary, simple English-language word (such as “success”) and secretly redefines it to a meaning whose only purpose is to win the argument — while still relying upon people imagining that he still means the generally accepted definition. In this case, the word “success” (meaning, achieving a goal one has set) is transmogrified to mean, achieving the goal diametrically opposite what one has enunciated, but which happens to be more congenial to the “well-wisher.”

When Michael Medved or any of a score of conservative pundits says he hopes Obama succeeds, it’s really code for saying he hopes Obama converts to conservatism. While that may be a laudible wish, it’s definitely not covered by the word “success.”

……But I have never in my entire life been a liberal; I was never trained to think of a black man or some other minority as a representative of some group, or that his failure was due to the white man “holding him down for 300 years,” as many blacktivists insist. Consequently, I feel no guilt whatsoever wishing abject failure upon Barack H. Obama: Success as Obama defines it is anathema to me, so why on Earth would I wish for it?

In fact, one of our most important rights is the right to fail: By failing, we learn, we grow, we mature… or at least we can. And I would never be so cruel as to take away anybody’s right to fail by, e.g., supporting a government Bureau of Bad Breaks, which tries to make good (at taxpayer expense) any setback or adverse result of poor judgment — like not buying health insurance and then getting sick or injured. That’s a liberal idea, and I despise it as unAmerican and infantalizing.

I particularly like his comment on how he has never been a liberal.  I too, have felt this way.  Even as a kid I always had, what I now know as, conservative beliefs.  I knew that if I wanted something I had to work for it.  It wasn’t just given to me.  I knew that whatever punishment I received it was because of the actions or decisions I made.  It wasn’t George W. Bush or the “man” bring me down.

Anyway, check it out, it’s a good read.

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April 15 – Tax Day

Posted by TheJOTUS on April 15, 2010

Better get ’em done folks.  Cause the taxman, he’s a comin’.  But not to worry.  The IRS has a YouTube channel!  Yayyy!  It posts helpful tips regarding taxes including top mistakes, help with record keeping, charitable contributions, etc, etc.  There are also other helpful sections like learning to make an appeal or how to get tax breaks to get back on your feet.

You might also be able to find out how to apply K-Y® lubricating jelly.  Not sure if it is tax deductible though.  My suggestion is depending on your pain threshold, a good rule of thumb is to apply as necessary.

In related news, anyone who’s not a libtard couldn’t possibly be surprised by this headline:  Healthcare law to sock middle class with a $3.9 billion tax increase in 2019.  I’ll save you the click though.  People making under 200k a year will pay more in taxes.  But I thought “no family making less than $250,000 per year will see any form of tax increase”?  Well, you were lied to.  Duped, bamboozled and hoodwinked. 

In other words:  You lied Mr. president.  You.  Lied.

Posted in B. Hussein Obama, Taxes | Leave a Comment »

Obama’s Sweet Nothings

Posted by TheJOTUS on March 30, 2010

I promise I will pull out, I won’t come in your mouth, just the tip ok baby?, I promise it won’t hurt, Of course I love you…

Sound familiar?  In other words it’s shit Obama says to get elected or what he wants.  A comprehensive list of Obama’s statements and the inevitable expiration date:


STATEMENT: “We’ve got a philosophical difference, which we’ve debated repeatedly, and that is that Senator Clinton believes the only way to achieve universal health care is to force everybody to purchase it. And my belief is, the reason that people don’t have it is not because they don’t want it but because they can’t afford it.” Barack Obama, speaking at a Democratic presidential debate, February 21, 2008.

EXPIRATION DATE: On March 23, 2010, Obama signed the individual mandate into law.


STATEMENT: “No family making less than $250,000 will see any form of tax increase.” (multiple times on the campaign trail)

EXPIRATION DATE: Broken multiple times, including the raised taxes on tobacco, a new tax on indoor tanning salons, but most prominently on February 11, 2010: “President Barack Obama said he is “agnostic” about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit.”


STATEMENT: Executive Order stating, “The detention facilities at Guantánamo for individuals covered by this order shall be closed as soon as practicable, and no later than one year from the date of this order.” January 22, 2009.

EXPIRATION DATE: November 19, 2009: “Guantánamo, we had a specific deadline that was missed.”

And on, and on, and on.  Lies.  Lie after lie after lie.

And in the end who wakes up sticky, broke and confused?  The American people.

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Videos Of The Day

Posted by TheJOTUS on March 21, 2010

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The Time for Talk Is Over. Ok? It. Is. Over.

Posted by TheJOTUS on March 12, 2010

Yeah, I know.  Another video.  But I don’t know another way to describe my laziness. 

At any rate, a great mash up of  The One telling us the time for talking is over.  It’s over I tell you!

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Associated Press: You Lie!!

Posted by TheJOTUS on January 28, 2010

The AP does a nice job notating that Obama’s kind of a liar.  They composed a list of 10 fails in last night’s SOTU.  Only 10 you might ask?  They must have gotten tired of his rambling and just plained tuned out.  Like my wife did about 3 minutes into the speech:

OBAMA: The president issued a populist broadside against lobbyists, saying they have “outsized influence” over the government. He said his administration has “excluded lobbyists from policymaking jobs.” He also said it’s time to “require lobbyists to disclose each contact they make on behalf of a client with my administration or Congress” and “to put strict limits on the contributions that lobbyists give to candidates for federal office.”

THE FACTS: Obama has limited the hiring of lobbyists for administration jobs, but the ban isn’t absolute; seven waivers from the ban have been granted to White House officials alone. Getting lobbyists to report every contact they make with the federal government would be difficult at best; Congress would have to change the law, and that’s unlikely to happen. And lobbyists already are subject to strict limits on political giving. Just like every other American, they’re limited to giving $2,400 per election to federal candidates, with an overall ceiling of $115,500 every two years.

They note seven of these waivers were for White House posisitions, however Obama has hired over a dozen.  He called for restrictions on lobbyist contributions, but as the AP notes, those already exist.  But hey, details scmeetails right?

OBAMA: “I’ve called for a bipartisan fiscal commission, modeled on a proposal by Republican Judd Gregg and Democrat Kent Conrad. This can’t be one of those Washington gimmicks that lets us pretend we solved a problem. The commission will have to provide a specific set of solutions by a certain deadline. Yesterday, the Senate blocked a bill that would have created this commission. So I will issue an executive order that will allow us to go forward, because I refuse to pass this problem on to another generation of Americans.”

THE FACTS: Any commission that Obama creates would be a weak substitute for what he really wanted — a commission created by Congress that could force lawmakers to consider unpopular remedies to reduce the debt, including curbing politically sensitive entitlements like Social Security and Medicare. That idea crashed in the Senate this week, defeated by equal numbers of Democrats and Republicans. Any commission set up by Obama alone would lack authority to force its recommendations before Congress, and would stand almost no chance of success.

Note to Obama:  We already have a bipartisan committee dickbag.  It’s called the 535 members of Congress.  The voters elected them to solve budget problems and they meet every two years to address that very issue.  In fact, Mr. Constitutional Professor, Congress’ first task under the Constitution, Article I Section 8, is to approve a budget for the federal government.  We elect Representatives and Senators to do this with full accountability to their constituents.  Take a high school civics class Barry.

Moving forward with that, Obama keeps repeating over and over how he inherited huge budgetary problems from Bush.  But again, the worst Con Law professor evaaaah might want to brush up on his skilz.  The President doesn’t pass budgets, Congress does.  And the last three budgets came from the democrats.

In the six years Republicans held congress under George Bush, they increased federal spending $800 billion.  Yet in just three years, democrats have increased spending $900 billion.  Hello???  And during those last three years before becoming President, Obama served in the Senate.  And guess who voted for every single democratic budget?

Moreover, from the day Obama took office to the end of the current fiscal year, the debt held by the public will grow to $3.3 trillion. So in 20 months, Obama will add as much debt than what Bush did in 8 years.

What does this mean?  You. Lie.

Posted in B. Hussein Obama, Economy, Politically Speaking | 1 Comment »