In the President’s new Deficit Reduction Plan, there are new taxes and new taxes that are called fees!! hard to believe but it ides not just effect the Wealthy!!! Let us look at the facts;
- The new proposed taxes on Millionaires and Billionaires start on incomes as low as $200,000 dollars for an individual and $250,000 for a couple. He talks about it being simple Math. Last time I checked, you had to multiply those income figures by 4 and 5 times to just reach a Million. maybe he was as good at math as he is in running the Country.
- There will be a new Federal fee to get a Mortgage. Again on everyone not Millionaires
- Military members will pay a $200 fee upon reaching 65 to have the government pay their out-of-pocket medicare expenses. Currently that is free. Know many Millionaire Retired Soldiers, Sailors and Airmen ?
- Airline passengers would have the fee for security double from $5.00 to $10.00 on a flight. Another $5.00 would be added in fees in 2017 raising the fee to a $15.00 cost. There would be a separate fee added for private jets.
- These fees are expected to raise $130 Billion for the Federal Government
Sounds like a plan to raise more money for investment, the new Obama code word for government spending. This plan needs to be defeated.
2012 is coming!!!!