Monday, April 20, 2009

Protesting Higher Taxes Is "Unhealthy?"

Senior White house advisor David Axelrod said on Sunday that the TEA Party events, which were organized by the conservative group FreedomWorks, comes from a dissatisfaction with the economy that "can mutate into something that's unhealthy."
Of course, only a liberal socialist would think that exercising your constitutional rights could become unhealthly. After all, these people have been violating the constitution for decades.
Axelrod also seemed to be upset at the tax protests against the Obama administration on the grounds that Obama had "cut taxes for 95% of the American people." In the same interview he defended allowing the Bush tax cuts to expire and he tried to make the argument that this was not going to be a tax increase. So, Obama and the Congress give workers $15 more in every paycheck and then let all the tax cuts of the past eight years expire. The biggest of these is the lowered tax rates on capital gains, now set at 15% and due to reset to 20% next year. Next the liberals will argue that 95% of the American people do not pay capital gains taxes. This is simply not true because the capital gains rate applies to qualified dividends and capital gains distributions from mutual funds. Way more that 5% of Americans own stocks and mutual funds.
The fact of the matter is that given the outrageous spending proposed by the Obama administration, taxes will have to increase to pay for the excesses.

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