Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts

Friday, September 10, 2010

Congress needs to RENEW the Bush Tax Cuts

Dear Senator,

Please vote to extend the Bush Tax Cuts.

The Bush tax cuts, enacted in 2001 and 2003, will fully and automatically expire as of Dec. 31, 2010.

If these tax cuts expire, my family, my daughter, and my employees will suddenly experience a massive tax rate increase, as will almost all working Americans.

We can't afford the extra that will be sucked out of our paychecks and sent to the Government.

Look at what will happen:

35% bracket will increase to 39.6%
33% bracket will increase to 36%
28% bracket will increase to 31%
25% bracket will increase to 28%
10% and 15% will condense to 15%
Capital gains tax will increase from 15% to 20%
Tax on dividends will increase from 15% to 39.6%

The U.S. is facing one of the worst recessions since the Great Depression.

Senator, it is IMPERATIVE that Congress fully and completely renew the Bush tax cuts; and do so without delay to ensure public confidence in the markets and economy.

Sincerely,

Dr. Chris Albritton
Abilene, TX

Friday, April 16, 2010

The Administration's Budget for 2011

Congress needs to go back to the drawing board on the FY2011 budget.

If enacted this budget plan will balloon the deficit, dramatically increase taxes in a tough economy, and undermine job creation. Plagued with record-breaking spending and larger deficits than ever seen, this plan is a surefire way to slow economic growth, slow employment, and make U.S. companies less competitive around the globe.

Job creators, investors, and higher income Americans, including many small business owners, will be the hardest hit by punishing tax increases. According to initial reports, there are nearly a half a trillion dollars in business tax hikes over the next 10 years, including taxes on energy, financial transactions, unemployment insurance, firms using independent contractors, and foreign earnings. Imposing these taxes in a weak economy will delay our economic recovery, hurt business expansion, and slow job creation.

While the FY2011 Greenbook is full of tax increases, it offers little in the way of tax cuts to help businesses grow.

Additionally, the discipline envisioned on the spending side of the equation is weak.

The spending freeze, initially announced with fanfare, covers only a small sliver of the federal budget pie. Federal spending will grow to a record $3.8 trillion in FY2011, more than 25 percent of the nation's GDP, a post-World War II record. The bipartisan deficit reduction commission the president plans to organize would have no binding influence over this or any Congress.

Using its own numbers, the administration's proposed budget deficits will cause debt as a share of the economy to rise by 13.6 percentage points to over 77 percent.

Deficits of this magnitude are unsustainable. Such heavy borrowing by government crowds out the capital available for the private sector, threatens to reignite inflation and higher interest rates, and cedes too much leverage to foreign debt holders.

I know that there is no perfect plan to erase the deficit and balance the budget. However, serious deficit reduction can only begin with robust economic growth, expansion of the tax base, and serious entitlement reform.

Wednesday, September 30, 2009

LET’S RAISE THEIR TAXES…!

LET’S RAISE THEIR TAXES…!

Democrats in Congress are going to allow the Bush tax cuts of 2001 and 2003 to expire, resulting in what the Wall Street Journal called “the biggest tax increase in our nation’s history”.

Once these tax cuts are allowed to expire, taxpayers will face an estimated total of almost $2.4 trillion in additional taxes.

That means about 17 million seniors will face an estimated average tax increase of $2,034 each.

When these tax cuts are allowed to expire:
· The Marriage Penalty will be reinstated, costing married couples almost $1,500 per year on average.
· 26 million small business owners will face an average tax increase of $3,637.
· And, the Death Tax will return to its former high rate, which has been a leading cause of the demise of small businesses. This will cost American families an estimated $91 billion.

President Obama wants to raise tax rates on dividends and capital gains, causing stocks to lose an estimated additional $90-billion-plus in value.

And then if Congress passes it’s “cap-and-trade” energy plan into law, the cost to each American household will average about $4,6093 per year in higher taxes and energy prices, appearing on your electric bill, gas bill, water bill, phone bill, and at the gasoline pumps.

Americans already pay, on average, an estimated 35 to 40 percent of their earnings each year in federal taxes. We are simply taxed out the wahzoo.

How much more “hope and change” can American families afford?

Sunday, September 20, 2009

WHY I DON'T LIKE OBAMA

Obama has been proven to be a liar.

From the moment he stepped onto the national stage to campaign for the presidency, Obama has consistently lied to the American people in order to convince us to trust him with our economic and national security. Since becoming our president, he has betrayed that trust.

During his first eight months in office, Obama has exhibited his admiration for dictators and disdain for our allies.
  • He offended the Queen of England and bowed to the King of Saudi Arabia.
  • He praised the Marxist Daniel Ortega, kissed Socialist Hugo Chavez on the cheek and endorsed the Socialist Evo Morales of Bolivia.
  • He sided with Hugo Chavez and Communist Fidel Castro against Honduras, a country that followed its constitution and stopped its president from illegally turning himself into that country’s dictator.
  • Obama announced that he would meet with Iranians with no pre-conditions, while they're building their nuclear weapons.

Obama displayed a blatant lack of concern for what is in the best interest of America when he circled the globe and publicly apologized for America's world leadership. He told the Mexican president that Americans are responsible for the violence in Mexico.

He announced a cut in funding for our new missile defense system the day after an ICBM was launched by North Korea.

He released information on U.S. intelligence gathering despite contrary urgings of his own CIA director and the four prior CIA directors.

He ordered that the word "terrorism" be stricken from our discourse and replaced with the innocuous words "man made disasters."

He appointed a Homeland Security Chief who identified military veterans and abortion opponents as "dangers to the nation."

In a scary bid to increase the political power of the Democratic Party, Obama politicized the census by moving it out of the Department of Commerce and into the White House.


His dogged determination to turn our country into a failed socialist nation was in full evidence when Obama nationalized General Motors and Chrysler. He gave to the unions control over the two giant automobile manufacturers, while freezing out retired investors and allocating billions of taxpayer dollars to this socialist power grab. As a further slap in our economic face, he expanded the corporate bailouts, including giving billions to AIG without pre-conditions. Then, to add insult to injury, Obama doubled our national debt with his out-of-control spending.

Obama is spending so brazenly because he is counting on Americans being lulled into complacency by the time of the 2010 elections. By design, the bulk of the "stimulus" funds will be spent, just in time, to spur a false recovery. The "recovery" will be hailed as proof of Obama's wisdom by the liberal media. It will not matter that the so-called recovery will not be real, or that it won't last – as long as Obama and liberal Democrats stay in control of our government.

Demonstrating his willingness to operate without regard for our laws, Obama fired two inspector generals (IG’s) who were investigating illegal activities by Obama cronies. Obama fired the IG’s even though, by law, inspector generals are authorized to conduct investigations without interference from government officials.

Blatantly, Obama refused to prosecute Black Panthers caught on video intimidating voters at a polling place in Philadelphia during the 2008 election.

Further, Obama filled his cabinet with five people who have cheated on their taxes, and two of his other nominees withdrew after they were exposed as tax cheats.

Obama and his supporters scoffed at parents and called them racist for not wanting their children indoctrinated by Obama with his K-12 speech. Obama’s talking about the value of education was not the problem. What rankled citizens was the lesson plan from the Department of Education – before it was changed under pressure from the public – that required children to write papers about how to help Obama achieve his radical agenda.

Obama has publicly asserted that...
  • some corporations, including 'Big Oil' and medical insurance companies, make 'obscene profits' (they don't compared with many other industries) and that his 'compensation czar' will look into executive compensation...
  • medical insurance companies need a 'public option' to keep them 'honest,' ...
  • He wants a government-guaranteed 'level playing field' of wealth redistribution via taxing those deemed to have too much.

The lack of any check on Obama’s power, due to a veto-proof Democrat-controlled Congress and a lap dog liberal media, has caused Obama to boldly assert his radical agenda and surround himself with a stable of over 30 advisors called "Czars". These unaccountable Obama-appointees are beholden only to Obama. They are not unanswerable to Congress or the American people, as was intended by our Constitution which requires congressional confirmation hearings and oversight of political appointees. Among those Czars are Communists, Marxists and other characters with troubling backgrounds and questionable credentials who should not be allowed anywhere near the White House. Gone is media outrage over abuse of power or an imperial presidency, as well as any angst about the shredding of our Constitution.

The preceding comments were excerpted from an article entitled:

OBAMA – A CHARMING LIAR?
By Frances Rice,
a retired lawyer and Army Lieutenant Colonel,
who is chairman of the National Black Republican Association.
http://www.nbra.info/

Read the entire article here:

http://blackrepublican.blogspot.com/

Tuesday, June 16, 2009

This is so outrageous…!

We’re gonna PAY other nations affected by the global financial crisis…???

Democrats have included a $5 billion increase for the International Monetary Fund (IMF) to help aid nations affected by the global financial crisis.

(Pardon me here, but when OUR nation is suffering, with 1.8 MILLION jobs lost since Obama took office, and AMERICANS are facing huge tax increases…HOW DARE the government to give away $5 billion to “other nations”…!!! )

Republicans say that is reason enough to vote against the entire $106 billion spending bill and are certain voters will understand.

“Once the American people learn that the Democrats are using a war-funding bill for a global bailout, they’ll know what to do,” House Republican Conference Chairman Mike Pence (Ind.) told The Hill. “We’ll take the message to the floor and to the American people, and I expect we’ll win this fight.”

Read the whole article here:
http://thehill.com/leading-the-news/in-reversal-gop-balks-at-war-funding-2009-06-15.html

Sunday, June 14, 2009

H.R. 45 Gun Bill

Are you ready to give your guns to the government?

Are you opposed to national gun registration?

Are you opposed to a written examination to buy a gun?

Are you opposed to a new $25 gun tax?

Are you opposed to a total ban on private firearm sales?

Have you heard of the gun bill that is pending in Congress?

H.R. 45 is the most sweeping gun control proposal ever proffered in America.

H.R. 45 would establish a national gun registry database which would:

  • Increase requirements for firearms purchases, far beyond those ever proposed.
  • Create a national firearms registry overseen by the Federal Government.
  • Invoke Draconian penalties for bookkeeping errors related to the Federal Firearms Database.
It gets worse though.

This bill will FORCE you to take a written exam to prove that you are "fit" to exercise your Constitutionally protected right to keep and bear arms.

I'm outraged by this…!!!...I don’t want the government to FORCE me to do ANYTHING…!

Gun registration is the first step on the road toward totalitarian confiscation of all firearms by a federal power.

In addition to the outrageous national gun registration requirement, the bill also requires you to:
  • Pass a written examination to purchase a firearm.
    Release your medical records -- including confidential mental health records -- to the government to get your "fitness" to own a firearm approved.
  • Observe a two-day waiting period before all firearms purchases. (Perhaps I can live with this provision.)
    Pay a gun tax of $25 or more on all firearm purchases. (Now this tax is over and above the usual and customary sales tax, so it boils down to the fact that the government is trying to control my behavior by taxing my actions……..and I just can’t fully express to you how offensive this is to me…!!!)

Moreover, H.R. 45 bans all private firearms sales and maximizes penalties for minor clerical errors in dealing with the national gun registry.

The National Association for Gun Rights has a petition ready for you to sign.

I signed it, and hope you will too.

Even though they will ask for a donation at the end of the petition, please don’t let that discourage you.

Please click below and sign the petition to protect our Constitutional right to bear arms.

http://www.nationalgunrights.org/petitions/hr45petition6.htm

Monday, May 25, 2009

Dear Senator Cornyn,

No new taxes for socialized medicine!

One of the ideas being proposed by the Senate Finance Committee is to pay for government-run health care by raising taxes on beverages. This tax scheme is a bad one, and would cost everyone that enjoys soda, sports drinks or alcoholic beverages. Raising taxes on the American people during a recession is bad policy, regardless of what the money will supposedly be spent on.

Leaders in the Senate are planning on paying for the government takeover of healthcare with massive taxes on soda and alcoholic beverages. It’s a hefty chunk of change: beer would be up 145% per six pack, the liquor tax would increase $2.54 per fifth, and the soda tax could be raised as well.

Those who want to see a Canadian-style socialized health care system have managed to sneak reconciliation language into the budget which means that Senator Reid and his allies can limit debate of this monumental decision and pass sweeping changes to our health care system with only 51 votes. That’s why every vote counts to preserve the choice and freedom we have.

This is something America just can’t afford right now – these tax hikes mean less money in our own pockets and a severe hit to the already suffering restaurant business and their employees.

I'd like to see you publicly state your opposition to the beverage tax idea.

Sincerely,

Dr. Chris Albritton

Tuesday, April 14, 2009

Patriotic to pay more taxes...???

Dear President Obama,

Vice President Joe Biden said during the 2008 campaign that it is patriotic for Americans to pay more in taxes.

Since taking over control of Washington, the Democrats have decided we should all be more "patriotic" having passed or proposed more than $5 trillion in new spending and $1.4 trillion in new taxes.

I don't believe that it is patriotic to pay more taxes.

And I do not approve of the $1.4 trillion in new taxes, $636 billion in higher energy taxes, the staggering redistribution of wealth and wasteful spending you are prescribing as a cure for the economic crisis.

To hold the Democrats in Washington accountable for their record tax, spend and borrow schemes, I am sending a virtual tea bag to protest your plans to raise taxes on every American this Tax Day.

Sincerely,

Dr. Chris Albritton

Friday, April 3, 2009

Obama doesn't want TARP money returned to tax payers

On Friday April 3, 2009, President Obama refused to allow JPMorgan Chase bank to re-pay the TARP money back to the US Government.

Obama had a meeting with the CEOs of some of the big US banks.

JPMorgan Chase CEO Jamie Dimon insisted that he’d like to give the government’s TARP money back as soon as practical, and asked the president to “streamline” that process.

But Obama didn’t like that idea — arguing that the system still needs government capital.

Several CEOs disagreed, arguing instead that returning TARP money was their patriotic duty, that they didn’t need it anymore, and that publicity surrounding the return would send a positive signal of confidence to the markets.

The president offered an analogy: “This is like a patient who’s on antibiotics,” he said. “Maybe the patient starts feeling better after a couple of days, but you don’t stop taking the medicine until you’ve finished the bottle.” Returning the money too early, the president argued could send a bad signal.

Read the full report here:
http://www.politico.com/news/stories/0409/20871.html

I wonder why Obama thinks he’s so much smarter than the CEOs of some of the largest US banks…?

Wednesday, March 25, 2009

Obama's Socialist Budget Proposal

Dear Senator Hutchinson,

Please take a stand AGAINST President Obama’s socialist budget proposal.

In his press conference on Tuesday night, the President tried to clarify why massive government spending and saddling America with unprecedented levels of debt are justified. He said that his administration needs to make some "tough budgetary choices", but the overall budget proposal is the largest in the history of the world. He tried to make America think that if his agenda is not passed, there will be "zero growth" in the economy. I don’t believe that, and most of the Texans I know don’t believe that.

Obama’s budget will increase the National Debt $7 trillion over the next 10 years. Under this budget, America will reach the point where it is paying more each year on the interest to the national debt than it is paying for national defense.

We simply can't keep borrowing and borrowing. We can't let Obama take us down the path to socialism.

I want Republicans to come up with a better budget proposal......one that CUTS GOVERNMENT SPENDING.

But in the meantime, we absolutely MUST defeat Obama’s Socialist Budget Proposal...!

Monday, March 23, 2009

Obama's MASSIVE Budget

Dear Senator Cornyn,

I urge you to reject President Obama's budget, which taxes and spends at a rate that Americans like me today, and my children and grandchildren tomorrow, simply cannot afford.

The nonpartisan Congressional Budget Office (CBO) has predicted that the Obama budget would push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt. CBO called these deficits "unsustainable."

What's more, the President's budget would impose a whole host of new and higher taxes just as our economy is struggling to emerge from its current recession. The $636 billion income tax increase on individuals and small businesses would discourage entrepreneurship and stifle job creation. The plan for a cap-and-trade energy system would raise the costs of electricity, gasoline, and other products and services that I purchase. I've seen estimates that this so-called "light bulb tax" could cost American families as much as $3,100 annually!

I also understand that the House and Senate leadership are considering a parliamentary maneuver, called "budget reconciliation," to stifle debate on the President's budget and ram through its controversial policies on energy and nationalized healthcare. Such far-reaching changes to our economy and society merit time for careful debate and consideration, not only within the halls of Congress but also among Americans like me. I urge you to oppose any such anti-democratic maneuver.

We cannot continue on our current course of taxing, borrowing, and
spending. America needs a budget that cuts spending, promotes fiscal
responsibility, and encourages economic growth. President Obama's budget advances none of these goals.

Sincerely,

Dr. Chris Albritton
2533 Woodlake Dr
Abilene, TX 79606-4301

Monday, March 16, 2009

Letter to Congressman Randy Neugebauer on the FairTax Issue:

Dear Randy,

Please support Iowa Congressman Steve King in his "Special Order" on the House floor on Tuesday March 17, as he talks about the FairTax. I encourage you to join him on the House floor.

We all know that President Obama plans to increase our taxes, and the Congressman and other members will be contrasting these planned tax hikes with the FairTax and all it can do to stimulate our economy.

Thank you for your previous support of H.R. 25, the FairTax bill.

Please join Congressman King on the floor tomorrow night in support of the FairTax during this highly-visible floor session.

Randy, I sincerely appreciate all that you do in support of conservative ideology for the Abilene area.

Gratefully,

Dr. Chris Albritton Abilene, TX

Sunday, February 17, 2008

Is the War on Terror too costly?

Liberals and the anti-war crowd have hammered us with the propaganda that it’s the Iraq war and the War on Terror that is bankrupting the United States. Not only is that incorrect, but it overlooks the fact that spending US dollars on illegal aliens is not only costly, but actually reduces the security of our borders.

Take a look at the following, and see how much we are spending on illegal aliens that could and should be spent on securing our border and reducing illegal immigration.

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year. http://tinyurl.com/zob77

2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.
http://www.cis.org/articles/2004/fiscalexec.html

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
http://www.cis.org/articles/2004/fiscalexec.html

4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English! http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.0.html

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

7. 30% percent of all Federal Prison inmates are illegal aliens.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.
http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html

9. $200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens.
http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html

10. The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US.
http://transcripts.cnn.com/TRANSCRIPTS/0606/12/ldt.01.html

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroine and marijuana, crossed into the U. S from the Southern border.
Homeland Security Report: http://tinyurl.com/t9sht

12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.'
http://www.nationalpolicyinstitute.org/pdf/deportation.pdf

13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin. http://www.rense.com/general75/niht.htm

14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States'.
http://www.drdsk.com/articleshtml


The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR


If this doesn't bother you then just ignore the message. If, on the other hand, if it does raise the hair on the back of your neck, then tell others, and don’t let anyone try to tell you that the War on Terror is too costly to fight.

Failure to fight the War on Terror, and failure to secure our borders, will be infinitely more costly, and will invite more terrorism against Americans right here in America.

Monday, September 25, 2006

I support the FairTax

A national retail sales tax to replace the income tax system will greatly improve the nation's economy, help to increase the national savings rate, and bring simplicity and fairness to the federal tax system.

The FairTax proposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes.

The FairTax proposal integrates such features as a progressive national retail sales tax, and a rebate to ensure that no American pays federal taxes up to the poverty level.

My employees would get to take home their whole paychecks.

Currently, I have to withhold federal income tax and SS tax from my employee’s paychecks.

Under FairTax, no federal income taxes or payroll (SS) taxes would be withheld from their paychecks. They would get to keep all that they earn. No tax on used goods. The amount you pay to fund the government is totally visible.

With the FairTax you are only taxed once on any good or service; the sales tax is charged just as state sales taxes are today. If you choose to buy used goods - used car, used home, used appliances - you do not pay the FairTax.

If, as a business owner or farmer, you buy something for strictly business purposes (not for personal consumption), you pay no consumption tax.

When you decide what to buy and how much to spend, you see exactly how much you are contributing to the government with each purchase.