Banking Gets a Tax, Labor Gets a Pass
If there was ever a reason to replace the current administration and a Congress recklessly committed to enacting every idea coming from it, the following qualifies. It is good for Democrats today to have friends in high places. Democrats no longer even pretend to represent anyone other than their base.
On January 14th the White House announced two new taxes. One was a tax on banks and the second a tax on health care benefits. Both mean less money in consumer’s pockets as banks will pass on their increased costs to customers and Americans with employer sponsored health care plans will be taxed on the value of their plan. That is, you’ll be taxed on your health care benefits if you aren’t in the pockets of the Democrats.
The NY Times reports, “The Senate bill currently would impose a 40 percent tax on the amount of policies for individuals above $8,500 and family plans above $23,000.” While such a steep a price for a policy might mean not many Americans will be affected by the tax, the White House and Democrats know different. The Times adds Democrats and Unions are concerned it will impact their membership saying the plan “will hit many union-sponsored health plans and force an increase in medical expenses for many middle class families.”
One day later, on January 15th, the NY Post reported that while Banking gets hit with a huge tax increase, Unions get a pass and cut a “sweetheart deal” with the administration concerning the implementation of the tax on health care. Union members won’t pay it until 2018 while the rest of us pay right away. We’ll be paying a lot, too. The Post reports, “The sweetheart deal, hammered out behind closed doors, will save union employees at least $60 billion over the years involved, while others won’t be as lucky — they’ll have to cough up almost $90 billion.” Unions are reported to be “thrilled” with the agreement and “crowing” about their success.
This illustrates all that is wrong with a powerful Central Government. It intrudes on the People’s Lives, Liberty and Pursuit of Happiness in ways not permitted by Constitutional limits on its power. Like the auto bailouts, Democrats favor their friends and punish perceived opponents. Doing so promotes class warfare and decreases confidence in the entire process. It breeds a commitment to acquiring political power as opposed to providing representative Government. The list of ills such a deal reveals is lengthy.
While especially true of today’s Democrats, such corruption is not limited to a political party or special interest group. Anyone replacing the principle that Government is to safeguard the Liberties of the People with Government bestowing gifts on those it chooses is guilty – regardless of party affiliation. Those advocating such destructive notions must be identified and defeated. Until they are our Country and our Economy will continue to suffer.
Raising It Right are a good place to start looking for people and groups who support the idea that being free means being free. Investigate our Candidates, Organizations and Merchants and find some to support. Fight those using their authority to steal yours. This nation was founded on the notion that each man ought to govern his own life and affairs. Government was then instituted to protect that right. Today, Government too often demands we surrender that authority to it – for our own good, of course. If it is to be stopped, the resistance begins here!
