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“A public plan pushes down health care premiums by injecting competition into the health insurance market, which right now has too few players and they have a stranglehold over consumers.” - Senator Chuck Schumer (D-N.Y.), as quoted in the Post-Journal, June 26, 2009
Deferral allows companies to defer income into the future to avoid high marginal tax rates on income. The administration is fighting to collect deferral money with a plan that will increase taxes on international American companies by $190 billion over the next 10 years. If the American government makes it more expensive for American companies to bring home money to the United States, then they might stop--and that could harm American workers. Microsoft’s CEO, Steven Balmer in a recent interview said, “It makes U.S. jobs more expensive. We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.” It’s likely that this tax hike will result in less government income in the end when American jobs and companies move overseas and reduce the size of the tax base.
Washington, D.C. – Ben Bernanke’s most recent address to lawmakers falls in line with what most fiscal conservatives have been saying for quite some time: the rate of government borrowing is out of control and must be reversed for the sake of long-term sustainability of financial markets. Fiscal irresponsibility on the part of the federal government has led to the largest deficits in the nation’s history. If we don’t begin to curb our national debt now, the consequences will continue to accumulate.
Washington, DC – First came Fannie and Freddie, the banks and AIG. Now the federal government will be taking over American car companies, with health care on the horizon. With the recent bankruptcy filing of what was once a great source of American pride; General Motors has become the poster child for what has become a rather disturbing trend: the nationalization of major American financial and industrial players.
As Congress and the president look to expand government's role in health care, taxpayers are left singing the old Waylon Jennings line, "Your thirst for riches is more than my pockets can stand." But with the Obama administration's health care plan predicted to cost $1.2 trillion to $1.5 trillion over the next 10 years, middle-class taxpayers are about to find their pockets emptied even more. To pay for this, the Senate Finance Committee is considering a throng of new taxes, including higher levies on beer and wine, plus a new tax on non-diet soda.
“Health care reform legislation rises and falls on whether the American public is allowed to choose a universally available public option, like Medicare, or not. If we are allowed to choose a public option like Medicare, the bill will be real health care reform.” - Chairman of the Democratic National Convention and former Governor Howard Dean (D-Vt.) on www.standwithdean.com
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Washington, DC - Although the United States is drowning in debt, the Senate voted to included a $108 billion bailout for the International Monetary Fund (IMF) in the recent passage of S. 1054 - the 2009 Supplemental Appropriations Act. Senators voted 64-30 to reject an amendment offered by Sen. Jim DeMint (R-S.C) that would have prevented the waste of billions of taxpayer dollars. Those who voted against the amendment voted to irresponsibly bail out foreign banks and governments at the expense of the American taxpayer.
On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to vote “No” on the war Supplemental Appropriations Act of 2009 because the bill includes a $100 billion International Monetary Fund (IMF) bailout. The bill contains funding for other projects that should not be used as a vehicle to ram IMF funding through Congress. Using this method to get the IMF funding passed is dirty Washington politics and law makers should reject it.
“If you’re starting from scratch then a single-payer system would probably make sense.” - Then-presidential candidate Barack Obama, The New Yorker, May 7, 2007