Friday, March 20, 2009

Ridiculous in New Mexico

Here's one that ought to get you fuming...

A divorced mother of 3 with one child from the marriage in question. She receives Social Security for the older two as a result of their father's death. Father of the third child makes well over $100,000/year. When the mother needs childcare, the State of NM picks up the tab due to the mother's extraordinarily low income. On the father's days he is responsible for paying for the daycare. So when the mother has the child, we the taxpayers of NM are footing the bill. It gets worse than that... The same goes for medical care. When the mother takes the child in, Medicaid picks up the tab. When the father takes him in, his insurance covers it and he pays a copay. What kind of crazy system is this? This divorced and single father with only one child isn't required to pay for the medical or daycare needs of his child, even though his income EXCEEDS $100,000/year. No wonder NM taxes are so high, the second highest in the nation!

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Sunday, October 26, 2008

Expiring Tax Cuts Will Be Obama’s Tax Increase

Mr. Obama has talked about tax cuts…

The reality is that the tax cuts of 2000 will expire in 2010. The tax cuts that increased the child tax credit from $500 to $1,000. In 2011, a family with two children will see a cost increase of $1,000 JUST on the child tax credit. You would have to find nearly $100/month just to make up that difference. Under the tax cuts of 2000, the lowest tax rate went from 15% to 10% and the middle bracket went from 28% to 15%. Most of us will fall in that 10-15% bracket. If your tax rate goes up by 13%, how will it affect you? I encourage everyone to pull out their tax returns, go to: http://www.heritage.org/research/features/taxcalculator/ and see what you will pay in 2011 BEFORE voting. Mr. Obama has said that he will not renew these tax cuts. We WILL see taxes go up without action.

Truth: Mr. Obama has voted to raise taxes multiple times. The number put out by the McCain campaign of 94 times he voted for either tax increases or against tax cuts is accurate. In Mr. Obama’s defense, some of those votes were multiple votes on the same bill. However, he has voted far too many times for tax increases and against tax cuts to take him seriously when he talks about tax cuts, for those he calls the middle class. The reality is taxes will increase AUTOMATICALLY in 2011. Under a democrat-controlled congress and a potential Obama presidency, would the tax cuts of 2000 be continued? If not, how will you be affected?

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