> Obama Regime Report < Obama Regime Report: DEM Hope and CHANGE Is Right / HEALTH RX A POI$ON PILL IN NY -

Today's world headlines

Thursday, July 16, 2009


It's been an ongoing joke since the first time we heard the phrase uttered, but now the "You Can Keep The Change" part becomes more clearer than ever.....with liberals in power "change" is all you an I will have left at the end of the week if people even make it through the end of the week in states like New York and Illinois...

when they tax your ass up to 60% to pay for their Utopian dreams

Hope and Change my ass, it's the same old tired sh** from our democratic friends in Washington who came in sheeps clothing and now have the blood of you and me dripping from their teeth like the wolves they are.

And they'll be coming back for more and more.


New York Post"Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state's top earners and possibly pressuring small-business owners to shed workers.

New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades -- to pay for the massive health coverage proposed by House Democrats this week."

The top rate in New York City, home to many of the state's wealthiest people, would be 58.68 percent, the Washington-based Tax Foundation said in a report yesterday.

That means New York's top earners, small-business owners and most dynamic entrepreneurs will be facing new fees and penalties.

The $544 billion tax hike would violate one of President Obama's ironclad campaign promises: No family will pay higher tax rates than they would have paid in the 1990s.

Under the bill, three new tax brackets would be created for high earners, with a top rate of 45 percent for families making more than $1 million. That would be the highest income-tax rate since 1986, when the top rate was 50 percent.

The legislation is especially onerous for business owners, in part because it penalizes employers with a payroll bigger than $400,000 some 8 percent of wages if they don't offer health care.

But the cost of the buy-in to the program may be so prohibitive that it will dissuade owners from growing their businesses -- a scary prospect in the midst of a recession.

Obama took to the airwaves yesterday with ads and TV interviews promoting the need to reform health care.

As a Senate health committee passed a different version of a health-care reform bill - a milestone for the issue - Obama said on NBC, "The American people have to realize that there's no such thing as a free lunch."

And in a Rose Garden speech, he said the "status quo" on health care is "threatening the financial stability of families, of businesses, and of government. It's unsustainable, and it has to change."

Asked if Obama supports the surtax on wealthiest Americans even though it would break a campaign pledge, White House spokesman Robert Gibbs said only, "It's a process that we're watching."

Republicans in Washington and small-business defenders in New York said the House legislation would effectively place a stranglehold on businesses while running off top earners. continued at page 2


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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