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Friday, July 2, 2010

Ciro, What Have You Done To Me Lately?

Choices have consequences. And it's time Ciro Rodriguez reaped the consequences of his choices. Because he has consistently ignored the calls of his constituents, because he has voted, almost without fail, lockstep with the President's agenda, here's what he has done for you since he's been in office. You can expect the following in approximately six months:
A huge INCREASE in your tax rate - Those in the 10% bracket will go up to 15%, 25% goes to 28%, 28% to 31%, 33% to 36% and 35% bracket goes to 39.6%;
The MARRIAGE PENALTY returns (you will pay a much higher tax as a married couple working than two single people working);
The CHILD TAX CREDIT gets cut from $1000 down to $500 per child;
The STANDARD DEDUCTION for married couple will no longer be double that of singles;
Dependent care and adoption credits will be cut;
The DEATH TAX returns;
The CAPITAL GAINS tax goes up from 15% to 20%;
The DIVIDENDS tax goes up from 15% to 39.6% and again to 43.4% a year later;
Here's what the socialist health care Ciro shoved down your throat will do:
You won't be able to use a Health Savings Account (HSA)or Health Reimbursement pre-tax dollars to purchase non-prescription medicine;
A cap on Flexible Spending Account (FSA), which particularly hurts those who use those accounts for Special Needs Kids;
HSA withdrawal tax doubles from 10% to 20%;
The Alternative Minimum Tax (AMT) will now grab 4 million more households in LOWER tax brackets;
Small businesses will no longer be able to expense equipment purchases up to $250,000. Anything above $25,000 will have to be depreciated (which demolishes ability of small businesses to get off the ground in the initial years);
No more deduction for tuition and fees, and education tax credits will be limited;
Teachers will not be able to deduct classroom expenses;
Retired people will no longer be able to give up to $100,000 from their IRA toward charity and any charitable contribution will now count as part of the "minimum required distribution";
Scores of the other taxes will be increased or be added that also affect small businesses.
THIS is what Ciro Rodriguez has done to you. He doesn't really care about your livelihood, your future, your family, your education. We cannot stand by and allow the continued bloating of government, socialist agenda, and the further destruction of the American Dream.