Kent expands on the issues
I welcome your comments, suggstions or questions. Please write me at Kent@MarmonForIdaho.com!
How can ANYONE say they "Aren't Interested" in Politics?
Congress passed a “supplemental spending” bill today (12/19/07) in an amount that exceeds a half-trillion dollars. Over A HALF-TRILLION! That’s $1,826.39 for every male and female citizen of the United States, including children! Our elected officials, including our President, had 48 hours to study the bill, which would require them not only to read, but to “carefully consider” one-and-a-quarter pages per minute, with no stopping for breaks, food, or sleep. The only ones that really know what the $550,000,000,000 in spending was approved for are those that authored the bill.
If that, by itself, isn’t enough to anger you enough to be “interested,” how about the fact that that half-trillion dollars will be added to our national debt, already estimated to be between $60 and $100 Trillion? The interest on that debt (not including this giant spending bill) is over $200,000,000,000 a year ($200 BILLION) -- $664.14 per male and female citizen of the United States, including children. That’s just “supplemental” – or additional spending above the $2,387 Billion ($2.387 TRILLION) budget for fiscal year 2008.
Irresponsible? Ridiculous? Out-of-control?
WHY ARE SO MANY WILLING TO ALLOW THIS TO CONTINUE?
Does it bother you that over 14% of every $3.00 per gallon you spend for gasoline is collected in taxes? Will it bother you when they add another 50¢ per gallon in federal tax if Michigan Congressman Dingle gets his way?
Does anyone consider that we are paying out 7.65¢ of every dollar earned is taken for a bankrupt Social Security and Medicare system that most of us will never see any kind of return on? Actually, the taxes collected for those two programs total 15.3¢ on every dollar we earn, because our employer pays the other 7.65¢ that could otherwise be paid to you. If you are a business owner, you actually pay the whole 15.3¢ per dollar earned on your earnings.
The “social programs” of our government add up to nearly half of the total federal budget. These are the programs that amount to stealing from one group of people to give to another. If you steal money or personal items from another person, you are breaking the law. But, our government does it every day, and calls it “contributions.”
In 1776, we declared independence from a nation and a government that was over-taxing and over-regulating colonists. People were up-in-arms fighting for their personal freedom and liberty. What has happened to us?
Today, we pay out over half of our incomes in taxes of one form or another. We “reward” our elected officials who spend money on pork-barrel projects by re-electing them so that they’ll “give” us more. Guess what? They aren’t “giving” us anything. They’re taking our hard-earned money away from us and spreading it around as they see fit. Doesn’t that anger you, even a little?
Let’s set outrageous taxes and out-of-control spending aside for a minute, and talk about “control.”
An “Energy Bill” was recently passed that requires automobile manufacturers to build and sell only cars that will get a minimum of 35 miles per gallon by 2012. The law goes on to require that there will be no incandescent light bulbs (the regular bulbs we’ve used for years) sold after 2012. Dingle’s proposed Carbon Tax bill will penalize you if you live in a house that is over 3,100 square feet in size, or if you own and drive a vehicle that uses a lot of gasoline. Clinton’s proposed National (Socialized) Health Care program would make your medical decisions and choices for you. The list goes on-and-on.
This nation was founded on the concept of a free market and capitalism. Simply stated, YOU make the decisions about what products or services succeed, and which ones fail through your personal purchasing choices. For example, if you want a car that gets 35 miles-per-gallon, you would buy one. If a majority of those in the market for a new car did the same thing, it wouldn’t take long for other manufacturers to design, build, and offer for sale vehicles that would get 35 OR MORE miles per gallon. Their only other option would be to go out of business. It doesn’t take (or require) a law to bring about changes in any products or services – it only takes YOU making decisions that are best for YOU.
I think you get the idea.
How about the constant attacks on our Constitution and Bill of Rights? For example, the Second Amendment says that our “right to bear arms will not be infringed.” That means that we have the right to own and carry guns. It doesn’t say, “unless the guns are semi-automatic” or “unless they are hand-guns” -- it doesn’t say that you can own them if you live in a city with a population under 200,000 – and it doesn’t say that anyone can create rules and regulations regarding them, even if they make sense. It says, “shall not be infringed.” Yet, our government, at all levels, continues to find ways to erode that right through regulation and so-called licensing or permits.
And, that’s just one example.
By not being “interested” in politics, a person is allowing those that do vote to elect the people that govern, control and tax everyone. They give up their rights and freedoms by not taking seriously their obligation to be involved.
If you are one that is “not interested” and you continue down that path, those in government will continue doing whatever they want to do; Socialism will expand; all your choices will be made for you; and the United States of America will no longer exist as our founders intended it to be.
My suggestion is to get interested, get involved, and make the right kinds of decisions before it is too late for any of us. say they “aren’t interested in politics?”
That’s just “supplemental” – or additional spending above the $2,387 Billion ($2.387 TRILLION) budget for fiscal year 2008.
Irresponsible? Ridiculous? Out-of-control?
WHY ARE SO MANY WILLING TO ALLOW THIS TO CONTINUE?
Does it bother you that over 14% of every $3.00 per gallon you spend for gasoline is collected in taxes? Will it bother you when they add another 50¢ per gallon in federal tax if Michigan Congressman Dingle gets his way?
Does anyone consider that we are paying out 7.65¢ of every dollar earned is taken for a bankrupt Social Security and Medicare system that most of us will never see any kind of return on? Actually, the taxes collected for those two programs total 15.3¢ on every dollar we earn, because our employer pays the other 7.65¢ that could otherwise be paid to you. If you are a business owner, you actually pay the whole 15.3¢ per dollar earned on your earnings.
The “social programs” of our government add up to nearly half of the total federal budget. These are the programs that amount to stealing from one group of people to give to another. If you steal money or personal items from another person, you are breaking the law. But, our government does it every day, and calls it “contributions.”
In 1776, we declared independence from a nation and a government that was over-taxing and over-regulating colonists. People were up-in-arms fighting for their personal freedom and liberty. What has happened to us?
Today, we pay out over half of our incomes in taxes of one form or another. We “reward” our elected officials who spend money on pork-barrel projects by re-electing them so that they’ll “give” us more. Guess what? They aren’t “giving” us anything. They’re taking our hard-earned money away from us and spreading it around as they see fit. Doesn’t that anger you, even a little?
Let’s set outrageous taxes and out-of-control spending aside for a minute, and talk about “control.”
An “Energy Bill” was recently passed that requires automobile manufacturers to build and sell only cars that will get a minimum of 35 miles per gallon by 2012. The law goes on to require that there will be no incandescent light bulbs (the regular bulbs we’ve used for years) sold after 2012. Dingle’s proposed Carbon Tax bill will penalize you if you live in a house that is over 3,100 square feet in size, or if you own and drive a vehicle that uses a lot of gasoline. Clinton’s proposed National (Socialized) Health Care program would make your medical decisions and choices for you. The list goes on-and-on.
This nation was founded on the concept of a free market and capitalism. Simply stated, YOU make the decisions about what products or services succeed, and which ones fail through your personal purchasing choices. For example, if you want a car that gets 35 miles-per-gallon, you would buy one. If a majority of those in the market for a new car did the same thing, it wouldn’t take long for other manufacturers to design, build, and offer for sale vehicles that would get 35 OR MORE miles per gallon. Their only other option would be to go out of business. It doesn’t take (or require) a law to bring about changes in any products or services – it only takes YOU making decisions that are best for YOU.
I think you get the idea.
How about the constant attacks on our Constitution and Bill of Rights? For example, the Second Amendment says that our “right to bear arms will not be infringed.” That means that we have the right to own and carry guns. It doesn’t say, “unless the guns are semi-automatic” or “unless they are hand-guns” -- it doesn’t say that you can own them if you live in a city with a population under 200,000 – and it doesn’t say that anyone can create rules and regulations regarding them, even if they make sense. It says, “shall not be infringed.” Yet, our government, at all levels, continues to find ways to erode that right through regulation and so-called licensing or permits.
And, that’s just one example.
By not being “interested” in politics, a person is allowing those that do vote to elect the people that govern, control and tax everyone. They give up their rights and freedoms by not taking seriously their obligation to be involved.
If you are one that is “not interested” and you continue down that path, those in government will continue doing whatever they want to do; Socialism will expand; all your choices will be made for you; and the United States of America will no longer exist as our founders intended it to be.
My suggestion is to get interested, get involved, and make the right kinds of decisions before it is too late for any of us. say they “aren’t interested in politics?”
That’s just “supplemental” – or additional spending above the $2,387 Billion ($2.387 TRILLION) budget for fiscal year 2008.
Irresponsible? Ridiculous? Out-of-control?
WHY ARE SO MANY WILLING TO ALLOW THIS TO CONTINUE?
Does it bother you that over 14% of every $3.00 per gallon you spend for gasoline is collected in taxes? Will it bother you when they add another 50¢ per gallon in federal tax if Michigan Congressman Dingle gets his way?
Does anyone consider that we are paying out 7.65¢ of every dollar earned is taken for a bankrupt Social Security and Medicare system that most of us will never see any kind of return on? Actually, the taxes collected for those two programs total 15.3¢ on every dollar we earn, because our employer pays the other 7.65¢ that could otherwise be paid to you. If you are a business owner, you actually pay the whole 15.3¢ per dollar earned on your earnings.
The “social programs” of our government add up to nearly half of the total federal budget. These are the programs that amount to stealing from one group of people to give to another. If you steal money or personal items from another person, you are breaking the law. But, our government does it every day, and calls it “contributions.”
In 1776, we declared independence from a nation and a government that was over-taxing and over-regulating colonists. People were up-in-arms fighting for their personal freedom and liberty. What has happened to us?
Today, we pay out over half of our incomes in taxes of one form or another. We “reward” our elected officials who spend money on pork-barrel projects by re-electing them so that they’ll “give” us more. Guess what? They aren’t “giving” us anything. They’re taking our hard-earned money away from us and spreading it around as they see fit. Doesn’t that anger you, even a little?
Let’s set outrageous taxes and out-of-control spending aside for a minute, and talk about “control.”
An “Energy Bill” was recently passed that requires automobile manufacturers to build and sell only cars that will get a minimum of 35 miles per gallon by 2012. The law goes on to require that there will be no incandescent light bulbs (the regular bulbs we’ve used for years) sold after 2012. Dingle’s proposed Carbon Tax bill will penalize you if you live in a house that is over 3,100 square feet in size, or if you own and drive a vehicle that uses a lot of gasoline. Clinton’s proposed National (Socialized) Health Care program would make your medical decisions and choices for you. The list goes on-and-on.
This nation was founded on the concept of a free market and capitalism. Simply stated, YOU make the decisions about what products or services succeed, and which ones fail through your personal purchasing choices. For example, if you want a car that gets 35 miles-per-gallon, you would buy one. If a majority of those in the market for a new car did the same thing, it wouldn’t take long for other manufacturers to design, build, and offer for sale vehicles that would get 35 OR MORE miles per gallon. Their only other option would be to go out of business. It doesn’t take (or require) a law to bring about changes in any products or services – it only takes YOU making decisions that are best for YOU.
I think you get the idea.
How about the constant attacks on our Constitution and Bill of Rights? For example, the Second Amendment says that our “right to bear arms will not be infringed.” That means that we have the right to own and carry guns. It doesn’t say, “unless the guns are semi-automatic” or “unless they are hand-guns” -- it doesn’t say that you can own them if you live in a city with a population under 200,000 – and it doesn’t say that anyone can create rules and regulations regarding them, even if they make sense. It says, “shall not be infringed.” Yet, our government, at all levels, continues to find ways to erode that right through regulation and so-called licensing or permits.
And, that’s just one example.
By not being “interested” in politics, a person is allowing those that do vote to elect the people that govern, control and tax everyone. They give up their rights and freedoms by not taking seriously their obligation to be involved.
If you are one that is “not interested” and you continue down that path, those in government will continue doing whatever they want to do; Socialism will expand; all your choices will be made for you; and the United States of America will no longer exist as our founders intended it to be.
My suggestion is to get interested, get involved, and make the right kinds of decisions before it is too late for any of us. say they “aren’t interested in politics?”
That’s just “supplemental” – or additional spending above the $2,387 Billion ($2.387 TRILLION) budget for fiscal year 2008.
Irresponsible? Ridiculous? Out-of-control?
WHY ARE SO MANY WILLING TO ALLOW THIS TO CONTINUE?
Does it bother you that over 14% of every $3.00 per gallon you spend for gasoline is collected in taxes? Will it bother you when they add another 50¢ per gallon in federal tax if Michigan Congressman Dingle gets his way?
Does anyone consider that we are paying out 7.65¢ of every dollar earned is taken for a bankrupt Social Security and Medicare system that most of us will never see any kind of return on? Actually, the taxes collected for those two programs total 15.3¢ on every dollar we earn, because our employer pays the other 7.65¢ that could otherwise be paid to you. If you are a business owner, you actually pay the whole 15.3¢ per dollar earned on your earnings.
The “social programs” of our government add up to nearly half of the total federal budget. These are the programs that amount to stealing from one group of people to give to another. If you steal money or personal items from another person, you are breaking the law. But, our government does it every day, and calls it “contributions.”
In 1776, we declared independence from a nation and a government that was over-taxing and over-regulating colonists. People were up-in-arms fighting for their personal freedom and liberty. What has happened to us?
Today, we pay out over half of our incomes in taxes of one form or another. We “reward” our elected officials who spend money on pork-barrel projects by re-electing them so that they’ll “give” us more. Guess what? They aren’t “giving” us anything. They’re taking our hard-earned money away from us and spreading it around as they see fit. Doesn’t that anger you, even a little?
Let’s set outrageous taxes and out-of-control spending aside for a minute, and talk about “control.”
An “Energy Bill” was recently passed that requires automobile manufacturers to build and sell only cars that will get a minimum of 35 miles per gallon by 2012. The law goes on to require that there will be no incandescent light bulbs (the regular bulbs we’ve used for years) sold after 2012. Dingle’s proposed Carbon Tax bill will penalize you if you live in a house that is over 3,100 square feet in size, or if you own and drive a vehicle that uses a lot of gasoline. Clinton’s proposed National (Socialized) Health Care program would make your medical decisions and choices for you. The list goes on-and-on.
This nation was founded on the concept of a free market and capitalism. Simply stated, YOU make the decisions about what products or services succeed, and which ones fail through your personal purchasing choices. For example, if you want a car that gets 35 miles-per-gallon, you would buy one. If a majority of those in the market for a new car did the same thing, it wouldn’t take long for other manufacturers to design, build, and offer for sale vehicles that would get 35 OR MORE miles per gallon. Their only other option would be to go out of business. It doesn’t take (or require) a law to bring about changes in any products or services – it only takes YOU making decisions that are best for YOU.
I think you get the idea.
How about the constant attacks on our Constitution and Bill of Rights? For example, the Second Amendment says that our “right to bear arms will not be infringed.” That means that we have the right to own and carry guns. It doesn’t say, “unless the guns are semi-automatic” or “unless they are hand-guns” -- it doesn’t say that you can own them if you live in a city with a population under 200,000 – and it doesn’t say that anyone can create rules and regulations regarding them, even if they make sense. It says, “shall not be infringed.” Yet, our government, at all levels, continues to find ways to erode that right through regulation and so-called licensing or permits.
And, that’s just one example.
By not being “interested” in politics, a person is allowing those that do vote to elect the people that govern, control and tax everyone. They give up their rights and freedoms by not taking seriously their obligation to be involved.
If you are one that is “not interested” and you continue down that path, those in government will continue doing whatever they want to do; Socialism will expand; all your choices will be made for you; and the United States of America will no longer exist as our founders intended it to be.
My suggestion is to get interested, get involved, and make the right kinds of decisions before it is too late for any of us. say they “aren’t interested in politics?”
One Hundred Ten Billion Dollars. That's Billion, with a B.
$110,000,000,000.00. I don't think most people can write an amount that large on a regular check blank!
If you made $30,000 a year, and you sent it all in to pay that $110,000,000,000.00 debt, it would take you 3,666,666.67 years to pay it off. No, make that 7,333,333.33 years after you've paid out about half of your income in the various taxes that we pay. Of course, that would be paying it off without interest.
You know, you could buy 4,400,000 new $25,000 automobiles with that money - or 220,000 half-million dollar homes!
If each and every man, woman and child in the United States wrote a check for $363.13 today, we'd have the $110,000,000,000 that Hillary needs for her socialist - I mean "national" health plan (based on an estimated 302,924,113 population figure).
$110,000,000,000 would pay the budgets of:
Justice, National Resources and Environment, Agriculture and Energy - with $5.3 billion left over, OR
Transportation and Foreign Affiars - with $600 million left over, OR
Foreign Affairs, Community and Regional Development, Science and Technology and General Government - with $5.6 billion left over.
The interest on our national debt that is due for the year is about $20 million more than twice Hillary's health care fiasco.
The government anticipates total tax receipts of $2.4 trillion -- and the budget expenditure amounts total $2.8 trillion. So, do we add another $110 billion to our national debt so that it will grow even higher than the estimated $59 Trillion - that's Trillion, with a T?
We all know that government programs never cost what is estimated - they always cost more. And, $110 Billion is just the estimated cost for the first year of the plan!
If you want to see how much was spent by Americans for health care, CLICK on the following link: http://factfinder.census.gov/servlet/IBQTable?_bm=y&-geo_id=&-fds_name=EC0200A1&-_skip=0&-ds_name=EC026211&-_lang=en.
That'll show you what was spent in 2002 as reported to the U.S. Census Bureau. It provides the information in $1000s of dollars, and there are 250 lines of data. The amount shown as receipts / revenue for General Medical and Surgical Hospitals for 2002 is $480,867,839,000. That's nearly $481 billion - and that's only one entry that's five years old.
There's no way "universal" health care can be provided for 23% of the cost of just one line item. Not only would you be paying higher taxes to fund socialized medicine - but you'd also be paying for the health care. People in some of the nations that have socialized health care are paying co-pays ranging from 10 to 40% of the entire bill for some services. In many cases, services simply aren't available, or the waiting list is so long, you might not get the care in time.
The better plan is to open avenues to the private sector to develop better insurance products, and make those available to more people.
To put a stop to the future development of ridiculous government expansion schemes is to pass and implement a Balanced Budget Amendment to our Constitution so that government is restricted to spend within its means. You can be assured that your elected representatives would think twice about new programs if it meant asking you for a tax increase!
Socialized Health Care is NOT a good plan for America or Americans!
Be very wary of the 'CHANGE" that some politicians are calling for!
Did you notice all of the people cheering for their Democrat Presidential hopefuls on the news following the Presidential primary election in New Hampshire? What was very interesting to me about those crowds is that they were waving signs calling for "CHANGE."
The only change I can see if any of those people win the Presidency is what will be left of our paychecks after they began implementing all of the tax and spend policies they are promising.
They want the political climate to change in their favor -- to control the House, the Senate, and the Presidency. If they can get total control of the Legislative and Executive branches of our government -- they will be in a position to impact the Supreme Court and federal judiciary through appointment of like-minded individuals who will continue to carve away our Constitution piece by piece.
Their idea of change is to change the American way of life. Each and every government program that has been implemented over the past sixty years in this country was born as ideas that made a lot of sense to people -- to try to solve some kind of problem or challenge. Once the door has been opened for each and every one of those government solutions, it has been pushed open further and further through expansion, greater spending, and greater control.
They want the type of change that will remove all of the obstacles to the creation of even more government, and more government solutions.
They want to change our nation from a land of opportunity for all to a land of economic equality for all.
Quite frankly, they want to change our nation from that of a Republic to that of a Socialist nation.
They want to continue to expand their control over every aspect of our lives through ever increasing regulation, social engineering, and government solutions that will create an even greater dependence on them to solve everything.
After all, they believe that they are best qualified to make all of our decisions for us, because we are just too ignorant to make the right choices for ourselves.
They want to determine how much we can earn, and limit our opportunity and freedom to create wealth. They do this through excessive taxation and control.
Instead of allowing us to make the decisions through our own purchase choices, they want to control the marketplace and the type of products that are produced. They have been doing this for years with the automobile industry, through fuel taxes -- and Michigan Congressman Dingle is proposing an addiitonal $50 per ton tax on producers of petroleum-based products and an additional 50 cent federal tax on gasoline on top of the 18.2 cents we already pay in federal taxes and the 25 cents we here in Idaho pay in state tax. They've mandated that American automobiles must get 35 miles per gallon before the beginning of the second decade of this century. If that isn't market manipulation, I don't know what is. We will be forced to make our decisions about the kind of car we buy based on forced economic conditions and government control of the products available.
Their plan for change includes making health care free and available to everyone in the United States -- regardless of citizenship. But, nothing is free -- someone must pay for it -- and either taxes or increased national debt will be required. With their "free" program will come government decision-making about who will and who will not receive medical care. In fact, because they are paying the bill, they can control your very lifestyle by making services unavailable to those that don't "live the proper life" as they see it.
The World Book Dictionary defines socialized medicine as "the providing of medical care and hospital services for all persons, either free or at nominal cost, especially through government subsidization and administration."
Their change, again, is from a Constitutional Republic to Socialism.
MY idea of "Change" is much different. I believe we MUST change the course of the status quo of government of the past sixty years that has done nothing but stifle the very creativity and innovation that made this country great.
We MUST return government to that of the "servant of the people."
We MUST return to the people the freedom to make their own decisions about what is best for them and their families, and the freedom to chart their own destinies by limiting government involvement to its proper role as outlined in our Constitution.
Change means limiting our government to budgets that are balanced with caps that limit the amount that can be collected from the people.
Remember -- there is "no such thing as a free lunch" -- somebody must pay. Increased taxes on business or higher income individuals only results in higher costs on goods for all of us (hidden taxes); the middle class can't afford any more than what they are now paying that exceeds 50% of their incomes. We can't keep adding to our national debt that now exceeds $60 trillion, and costs us over $200 billion a year in interest alone.
I hope you'll think long and hard before buying in to THEIR idea of change -- and that you'll decide to join with me in my fight to Bring America Back!
KENT'S BLOG
On this page...
- "It's Time to Wake Up, America!" - 10/3/07
- "One Hundred Ten Billion Dollars. That's Billion with a B." - 9/19/07
- How can anyone say they "aren't interested" in politics? - 12/19/07
- Be very wary of the "CHANGE" that some politicians are calling for! - 1/11/08
It's Time to Wake Up, America!
There are already many good reasons that the approval rating of Congress has hit an all-time low of 11% But, Democrat Congressman John Dingell of Michigan is working very hard to give us another one.
Dingell, who represents the people of "the home of the internal combustion engine," wants a new tax implemented - in the name of greenhouse gas emissions. Very little of his proposed money-grab would go to that "cause," but would, instead, go toward the ever-expanding Socialist agenda now being pushed by the Democrat majority in Congress.
Yes, I said Socialist. The doctrine of Socialism is a system of economic organization that calls for a distribution of wealth by the government to increase social and economic equality.
One of the "programs" that Dingell wants to have benefit from his so-called "Carbon Tax" is the Earned Income Tax Credit. Basically, low income families that pay little or no income tax receive "refunds" of their withholding, as well as other people's money. Dingell wants to use the program to offset his new "Carbon Tax" for low income families.
He wants other proceeds of the tax to go to Medicare and Social Security; State Children's' Health Insurance Program (SCHIP); and Universal Health Care, as he puts it, "upon passage."
He wants some of the money from his new tax to go to help low income families with home energy assistance. His plan isn't all a shift from one economic group to another, he suggests using some of the money for conservation and renewable energy research and development.
So, what does he want to tax? There are actually three major areas that would be taxed. The first group includes coal, petroleum and any petroleum product and natural gas, for which there would be a $50.00 tax per ton. Of course, in a Democrat's mind, that wouldn't be a tax on individuals, but a tax on the "terrible corporations" that, according to them, "are making grotesque profits." Everyone knows that that $50 per ton would be passed on in higher costs to everyone - thus doing what they've done best for decades - hiding taxes in the form of higher prices.
Then, he wants a 50¢ a gallon federal tax on gasoline, jet fuel, and petroleum-based kerosene. That's just a start, because his plan calls for it to be "phased in" over five years - then, it would be adjusted for inflation (which means it'll grow even higher than the original 50¢ per gallon). Added to the 43.2¢ per gallon that we already pay (18.2¢ federal and 25¢ state), our gas tax would grow to 93.2¢ per gallon. That's pretty close to 30% of the price of a gallon of gas (if the beginning price was $2.679, and adding 50¢ per gallon to that price). Oh, but that 50¢ per gallon does not include the $50 tax per ton on petroleum products that would be passed on in the form of higher prices, as well.
And, you thought you were being "robbed" by the oil companies that were showing a 10% profit! At least that's what the Democrats and main-stream media wants us to believe.
Ah, but don't worry. The tax on gasoline will go back to transportation - 60% to the roads, and 40% to a government-run mass transit system!
That's not all! If you are buying a home that is 3000 square feet or larger, they want to take a portion of your currently deductible interest in the form of a Carbon Tax - that is, if you haven't purchased "Carbon Offsets" to make your home "Carbon Neutral," or have actually made your home "Carbon Neutral." The bill will allow you to claim 85% of your interest as a deduction against federal income tax if your home is under 3200 square feet - and decreases the larger your home is to 10% for homes between 4000 and 4199 square feet. If you and the bank own anything larger, you can't deduct the interest.
In case you haven't realized it yet, this proposed Carbon Tax is actually three taxes, and doesn't even include the additional taxes proposed under an "Emission Fee" that could be imposed.
And, this isn't just new taxes - it's also more social engineering and control over our lives by an ever-expanding federal government. It attacks our very right to choose through economic control. Instead of coming out and just outlawing large cars, SUVs, RVs, etc., they want to tax us out of them. With taxes of all kinds (from local to federal) eating up about half of our income now - these increased taxes take an even larger chunk of what we earn. They want to tell us where we can live by taking away a deduction that has enabled people to offset part of the cost of their housing using the reduction in taxes afforded by the exemption.
Dingell says, "this is a major undertaking, and it will not be easy to achieve, but we simply must accomplish this goal; our future and our children's futures depend on it."
Yes, it is a major undertaking. It is also one of the boldest moves made by Socialists that, for one reason or another, have been elected to Congress. And, this, and many other proposals just like it, designed to re-distribute wealth and control our lives, are being worked on every day.
The time of sitting back and taking what they dish out in Washington, D.C. must come to an end now if we are to survive as "the land of the free, and the home of the brave."
