Today, I will join hundreds of thousands of Americans across the country to express anger over Congress’s irresponsible and reckless spending habits. Taxpayers are not deceived by the notion that the American economy can be revived by government simply spending its way out of a recession. They are a sophisticated people who recognize that continued overspending runs up massive deficits that ultimately lead to higher taxes and less freedom for all Americans.
President Obama proposes to rectify the problems facing Americans by massively increasing the size and scope of the federal government. His recent budget proposal intends to raise taxes by almost $1 trillion over the next decade. By raising the top rates from 33/35 to 36/39.6 percent, the Obama budget raises the tax rate on $2 out of every $3 in small business profit.
Small businesses aren’t the only ones hit by the President’s budget. Each family in America will be responsible for up to an additional $3,100 in energy taxes if the President’s “cap and trade” scheme is allowed to pass. But the President claims American families will also see a $770 billion tax cut in this budget. The same document admits that nearly half of the $770 billion (a whopping $326 billion) is new spending further burdening taxpayers with additional government debt.
Liberals would have you believe that the tax code is also partly to blame. They argue that the current system is extremely regressive adversely effecting the poor and middle class. In fact, it’s the complete opposite. Our tax system as it is structured is steeply progressive. The top 1% of earners pays close to 40% of all income taxes. The top 5% pay 60% of all taxes and the top 50 percent making $32,000 and higher pay 97% of all taxes. Meanwhile, the lower half of income earners (those earning less than $32,000) pay only 3% of income taxes. This is down from over 6% in 1986 and 4% in 2000.
So what are Americans to do about this massive expansion of government? Take Action. Become involved in Tax Day Tea Parties in your area. Encourage your friends to go to a Tea Party. Write your representative about your concerns and make your presence felt. If they don’t listen, or even if they do, consider running for office. Americans can rekindle their liberty by fighting against the excesses of government and those that wish to tell them how to live their lives.