President Obama, being confronted with an already suffering economy exacerbated by his Keynesian policies, is giving into his socialist knee-jerk reaction of the continuation of taxation. Tax and spend heavily; it's the only economics that the Left knows. If you think that taxation is not ridiculous already, think again! Last Thursday, the "tan tax" took into effect. For those of you who didn't know, this 10% tax on tanning salons was part of the "genius'" health care reform in attempts to generate $2.7 billion in tax revenues. From the standpoint of proponents who innacurately touted that Obamacare was going to actually save us money, I don't see why this tax would be necessary, but again, it's all that the Left is capable of when it comes to economics--tax and spend.
If you think this taxation is limited to your beautification process, you would sorely be mistaken. The debate about the soda tax continues, and it doesn't look like it's going away. The tax already passed in DC a couple of months ago. The federal government is also jumping on this bandwagon of Big Government by publishing a report [by the USDA] about the need for a soda tax in order to cut obesity. The Cato Institute, of course, does an excellent job of not only pointing out that this won't work from an economic standpoint (as a matter of fact, it will backfire), but it will do nothing to cut back on obesity in this country.
We have yet another problem. The Bush tax cuts from early last decade, one of the things I can say that Bush actually did right, will expire on January 1, 2011. We will be looking at an exceptionally huge hike in taxes. On top of the taxes that expire, Obamacare comes along with over twenty new taxes. So much for being cheaper! And as if that weren't enough, we are looking at the real potential for the revival of the death tax, something which can be deemed as nothing but burdensome. Not only does Obama want to tax us to death, but he wants to tax us even when we're in our graves.
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