Showing posts with label Van Hollen. Show all posts
Showing posts with label Van Hollen. Show all posts

Wednesday, April 06, 2011

How to Smash the Liberal 'Tax Cuts for Millionaires' Marxist Class Warfare Talking Point Into Tiny Little Shards of Fail

Steve McCann, writing at The American Thinker, describes the reason we can't tax ourselves out of the deficit problem.

In 2011 the annual budget deficit will be nearly $1,665.0 Billion and in 2012: $1,100.0 Billion. If the Liberal Democrats in league with the Socialists, the Unions and the Communists, succeed in raising the highest marginal rate, how much more would Washington D.C. receive, assuming no change in behavior and a general eagerness to pay more?

If the highest rate of 35% were raised by a factor of 20% to 42%, then the additional tax revenue would be $43.5 Billion, not much of a dent in $1,665.0 Billion. So, let's raise the rate by a factor of 50% to 52.5%; the additional revenue would be $108.9 Billion. Still nowhere near enough, so let's just tax it at a rate of 100%, bringing in an additional $404.8 Billion. Unfortunately the country is still $1,260.0 Billion in the hole for the year.

Obviously by confiscating at 100% of all the income of the so-called rich above a predetermined level, there would never again be an incentive to earn above the highest tax rate threshold. So where will the Left have to turn next: where the money is, the middle class.

The Left knows the gullible among us easily fall for centuries-old class warfare rhetoric that demonizes the wealthy, yet they persist in doing the unconscionable, as it keeps them in power... What the Democrats are doing is entirely based on a lie. The United States cannot tax its way out of the present financial crisis, and from a cursory examination of Paul Ryan's proposal, his is the best plan yet presented and needs to be defended and promoted.

Increasing taxes on "the rich" by 20%, 50% or even 100% wouldn't do a damn thing to address the deficit. It would harm the economy, however, as there would be less capital for investment, new capital equipment, startups and hiring.

The next time you hear this class warfare claptrap -- this recycled rhetoric from the Soviet Union -- tell the lib this:

"Your disastrous Democrat leaders have dug us into a hole so deep, you could confiscate 100% of the income of the 'rich' and it wouldn't make a dent in the hole."

Don't use the suffix "dumbass", either, because some of them find it insulting.


Hat tip: Mark Levin.

Sunday, April 03, 2011

Chris Van Hollen (D-MD) Unveils Democrat Roadmap for America's Fiscal Future: Deceit, Demagoguery, and Lies

Is there a more mendacious liar in Congress than the malevolent Chris Van Hollen, Democrat of Maryland? I mean besides Chuck Schumer, of course.

Consider the situation America faces. Every expert -- from governmental entities like the OMB, the CBO, and the Medicare Actuaries to private experts like Jim Rogers and the rating agency Moody's -- is warning us that we're headed for a financial cliff.

And, in response, Rep. Paul Ryan (R-WI) appeared on Fox News Sunday today to offer a preview of his committee's 2012 budget plan which projects $4 trillion in savings over the next ten years.

"Where the president has failed to lead, we’re going to lead and we’re going to put out ideas to fix this problem... Democrats could use the plan as a 'political weapon,'" Ryan said.

...We are giving them a political weapon to go out against us, but they will have to lie and demagogue to make that a political weapon. They are going to demagogue us, and it’s that demagoguery that has always prevented political leaders in the past from actually trying to fix the problem. We can’t keep kicking this can down the road.”

He added, “Shame on them if they do that.”

Shame? No, something far worse than shame.

Because even before Ryan's plan has been released, the anti-American loons on the Left -- led by the despicable Van Hollen -- are already demagoguing the proposal.

Rep. Chris Van Hollen, D-Md., the top Democrat on the House Budget Committee, said Ryan's proposal is not "courageous" or "bold."

"To govern is to choose, and it is not courageous to protect tax breaks for millionaires, oil companies and other big money special interests while slashing our investment in education, ending the current health care guarantees for seniors on Medicare, and denying health care coverage to tens of millions of Americans. That's not courageous, it's wrong," Van Hollen said in a statement.

So how does this loathsome kook address the budget deficit?

Where's his proposal for increasing taxes on "millionaires"? Where's his plan to further increase gas prices by punishing energy companies with even more taxes and regulations? Where's his forecast for increased government revenue by stealing more and more money from the private sector?

Hell, the Democrats couldn't even pass a budget in the last Congress -- the first time in modern American history that's ever happened. Furthermore, they rang up more debt in three years than the world has ever seen. And this sack of excrement is complaining about budget cuts?

I would call Van Hollen pond scum but that would unfairly lump him in with algae, which is provably more productive than the deceitful Maryland Congressboy.