Amazingly the
Republicans in the House and Senate have passed a Tax cut bill having been
opposed by the liberals in those bodies, the president and the news
media. They deserve your thanks for doing this and need your support. We now
MUST turn up the heat on the president to sign the bill. He is
claiming all sorts of dire consequences if the Republicans cut YOUR
taxes. I'm sure anyone with even half a brain knows by now that Clinton is a
pathological liar and no one can believe anything he says. Do you really
believe the Republicans want to bankrupt farmers and Medicare? Which is more
plausible, Clinton is sick liar or the Republicans want to bankrupt people,
starve the poor, deny medical care to the young and elderly as he has
continually charged? I think you will have to agree that Clinton is a sick
liar. He needs help, he can't tell the truth, he is without any morals. He
should be in an institution instead of President.
I'm getting off
the track. We must convince the president that we the people are overwhelmingly
for a tax cut. If he believes that, he might sign the bill. E-mail him at:
president@whitehouse.gov,
Call the United States Capitol switchboard at 202-224-3121 and tell them you want
the President to sign the Republican tax cut bill.
Not sure what the
Republican tax cut consists of? This is what the bill is, phased in over 10
years:
"The $792
billion tax cut, proposed by Republicans but opposed by Democrats, would
trim all five income tax rates by one percentage point, lower capital gains
taxes for individuals, eliminate estate taxes and ease the so-called
marriage-tax penalty."
"Under the
Republican tax bill, income tax rates would be reduced to 14 percent, 27
percent, 30 percent, 35 percent and 38.6 percent from 15 percent, 28 percent,
31 percent, 36 percent and 39.6 percent. For families in the lowest bracket,
the measure would provide a 7 percent tax break. Wealthier taxpayers would
get a 4 percent break."
"The bill
would also cut the top capital gains tax rate on investment profits for
individuals to 18 percent from 20 percent effective Jan. 1, 1999, and cut
the capital gains rate for taxpayers in the lowest income tax bracket to 8
percent from 10 percent. Capital gains would be indexed for inflation.
"Other
provisions would increase Individual Retirement Account contribution limits,
help multinational corporations compete overseas and allow married couples to
double the standard deduction. To aid high-tech companies, the research and
development tax credit would be extended for five years."
All those
quotes are from a couple of Reuters News clips I read on the Internet.
Maybe I need to define some terms they used:
- Estate Tax
- When you die and leave your house and what ever other valuables you gained during a life of work to your spouse or children, they will have to pay a huge tax on the inheritance. In many cases they will have to sale the house and valuables you worked hard all your life to pay for and paid taxes on while you were alive, so they can pay even more tax on it now because you died. It is a "Death Tax"..
- Marriage Tax Penalty
- You get married and now are in a higher effective tax rate than when you weren't married..
- Capital Gains Tax
- By risking your money by investing, and managing to make a profit, or selling your house, you have to pay a large tax on the profit for being successful.. Most other countries do not have a Capital Gain Tax because they know investing is good for the economy.
Don't you think you pay too much in
taxes and deserve a tax break? I do! The average person in America pays around 40% of their income
in combined taxes, Federal, Social Security, Medicare, State, county, city, sales and in taxes passed
on to you as the end consumer. Everything you buy is considerably higher than it would be if the
government wasn't taxing everyone in the chain, from manufacturing, distribution, sales, etc. before
you buy it in the store. Our founding fathers had the Boston Tea Party because of a 5% tax on tea!
Why then, are we allowing our government to take 40% of our income from us??
Couldn't you use more take home money? Then call, write, do what ever it takes to convince Clinton
to sign the Republican tax relief bill.