Obama tax proposal would wage war on U.S. economy
April 20, 2012|By Allen West
As a field artillery officer in the U.S. Army, I learned a thing or two about weaponry. Our success in Desert Storm and Desert Shield depended on choosing the correct artillery for each specific objective, whether it was halting the enemy’s forward progress, diminishing the strength of its forces, or completely destroying its capabilities.
Although he has never served his country in uniform, or risked his life to defend its freedoms and liberties on distant shores, President Obama seems to understand a thing or two about weaponry as well.
In the president’s case, the current weapon of choice is tax policy, and the “enemies” are small businesses, investors, entrepreneurs and corporations deemed “undesirable” — in short, the economic engines of our nation.
The president’s planned tax increases seem designed to demonize “the rich,” and use them as a propaganda tool to score political points. But the collateral damage of these policies will spread into the heartland of America. After all, the 160 percent increase in federal cigarette taxes put in place in 2009 certainly affects those earning far less than $250,000 — despite his promise not to raise their taxes.
The fact is, next year, unless changes are made in the tax code, Americans will be bombarded with the largest tax increase in the nation’s history, causing massive economic injury and destruction.
If the Bush tax rates are allowed to expire, the current tax brackets of 10 percent to 35 percent will rise to 15 percent to 39.6 percent. Other tax provisions scheduled to disappear that will hit “ordinary Americans” include the American Opportunity Tax Credit (up to $2,500 per student for qualified college costs), tax exclusion for forgiven mortgage debt, and tax credit for employer-provided child care.
Children of farmers and small business owners, who wish to continue the legacy of their parents, will find it increasingly difficult to do so, as the death tax exemption will shrink from $5 million to $1 million. Further, inherited assets exceeding that amount will be taxed at a maximum rate of 55 percent with a 5 percent surcharge on estates over $10 million.
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Allen West Republic 
Well, that is “exactly” his intent. There is nothing else I can say.
I finally had to write this out in order to copy and paste it on EVERY article I find that states that he is “clueless”, inept, etc. The Man KNOWS EXACTLY WHAT HE IS DOING:
The sad thing is…we can’t imagine a U.S. President committing acts that help to destroy America. I have read terms like: Clueless, incompetent,
idiot, inexperienced, etc. He KNOWS exactly what he is doing.
He is systematically installing “radical” islamist leadership in every middle-eastern country we are getting involved with. If he is
allowed 4 more years, which it is a real possibility, every country in the region will fall under control of the Muslim brotherhood. With China
and Russia lurking behind the scenes and Obama being complicit, the rest of the free world will not have the power to resist and will be in
grave danger of succumbing to tyranny with little hope for escape. We will then be next. This bill current debated in the Senate will give the
president the authority via the military to imprison any US citizen deemed a threat indefinitely without benefit of a trial. There are dozens of
FEMA camps that are more akin to prisons than relief centers capable of containing over a million people, on stand-by, right here on our own
soil. One word from the president and martial law is imposed, we lose the 2nd amendment and there is no freedom left anywhere on earth.
Precedent has already been established for the extra-judicial killings of US citizens, just this year with the Awlaki killing.
He has now implemented the “peaceful” (and I say this in sarcasm) Martial Law.
He has more than a clue, he has a plan and the means to carry it out.