Proposed Taxes

From a letter sent May 29, 2009.

Congress is considering new taxes on the lower and middle classes. They are considering taxing medical benefits as income. Cap + Trade is an enormous tax on gas and electricity. The price of gas and utility bills will increase by a minimum of 50%. There will be a domino effect and the cost of other goods and services will also increase. A value added tax is being considered. This is nothing but a national sales tax placed on goods before purchase. This tax will not effect the rich, but will really hurt the lower and middle classes. It will effect what and how much we can buy. This will really lower the consumer confidence level.

The problem is not that taxes are too low. The problem is that Congress is spending too much. Income tax revenue is down by one-third. China does want to lend us anymore money. The Fed has already printed too much money that is not backed. Taxing the rich is not bringing in enough revenue. Congress, however, has all these nifty new ideas that they really, really want to try. That is why Congress is considering these new taxes that are directed at the lower and middle classes - even though it will further hurt our faltering economy. Put the country FIRST and forget ideologies. NO new taxes. Curb your spending as everyone else has been forced to do. Be responsible.