Friday, October 26, 2012
The Case for Mitt Romney
I think you can see now after the debates are over and in the ensuing rhetoric that follows, that this really is a President with a rather small and narrow vision. His so-called plan for the future is nothing more than tax the rich, everyone gets their fair share, and level the playing field. His continued petty attacks and wise cracks on Romney, Romnesia, women in binders, Big Bird, and BSer, do nothing to raise the level of the dialogue. Instead, he looks like a desperate politician who never believed he would be rejected by the voters, because his constituency and the media love him.
What he doesn’t tell you is that his actual plan calls for more than $3 trillion in new taxes and fees. Obamacare alone contains $1.7 trillion in taxes and penalties according to the Congressional Budget Office. Here are some other taxes he has in store:
1. Raise the tax rate for all filers earning $200k or more to 39.6% from 35% and add a new Medicare tax, so the top rate goes to 44%, the highest it’s been in 25 years.
2. Boost the long term capital gains rate from 15% to 24% and triple the tax on dividends from 15% to 44.8%. This is devastating for investors and seniors.
3. Tax overseas profits of American companies by an undisclosed amount, even though our global competitors apply no such tax on their domestic companies. Currently, American companies have the highest corporate tax rate in the world.
4. Obama also plans to tax different industries at different rates, some higher, some lower, imposing the kind of crony taxation to go alongside his Solyandra-styled crony capital spending.
This tax plan is a recipe for another recession and spells disaster for the middle class, seniors, our military, and the job market. Obama’s “my way or the highway” approach will result in continued stagnation in Washington as Republicans in the House try to stop this misguided tax plan.
While Obama jokes and plays it cool on Letterman, Leno, Stewart, and black radio stations, Romney articulates a seriously thought-out plan and faces the big issues of our future. While Obama remains silent and fails to face up to the events in Benghazi, which resulted in the murder of our Ambassador to Libya and three others. He is more than willing to apologize for a video that had only 300 views on YouTube for the events in Egypt and Libya, as his Administration concocted a cover-up just to make him look good and avoid any political damage from the attack.
The case for Mitt Romney is clear, it is simply leadership and a track record, traits that this President has clearly shown he lacks. I only hope that voters will get it and we can avoid doing irreversible damage that will plague our nation for decades to come.
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