By Mike Thayer
I'm sure you've heard the Democrat talking point, that corporate and income tax rates are at all time lows.
That's a flat out lie, is disengenous and the lamestream media just prints without hesitation these false claims made by liberal elected officials.
Why do they tell this lie? Because liberals can't be honest about what they really want to do. They can't just come out and tell you they want to be able to spend more money. Their, 'taxes are the lowest they've been since you were born' claim is a ruse, a twist on the old liberal class warfare argument, an attempt to get you to believe that if tax rates are soooooo low, then it's OK to soak the rich some more.
The Talking Points
We've got liberal University of Iowa Professors claiming taxes are at all time lows:
Then there's the TV liberals.... "Americans are paying less in taxes than at any time since the '50's, but President Obama is still under attack for being a tax-and-spend liberal and for redistributing the wealth in America. ~ MSNBC's ED SCHULTZ, A LIBERAL TALKING HEAD ON HIS "THE ED SHOW" IN FEBRUARY 2011.
It goes all the way up to the President..... "If you are a wealthy CEO or hedge fund manager in America right now, your taxes are lower than they have ever been. They’re lower than they’ve been since the 1950s. And you can afford it. You’ll still be able to ride on your corporate jet. You’ll just have to pay a little more... ~ PRESIDENT OBAMA SPEWING FACTUALLY INCORRECT RHETORIC AT A NEWS CONFERENCE, JUNE 29, 2011
Taxes are lower than they ever have been? They're lower then they've been since the 1950's? Talk about an inconsistent message....
The top marginal income tax rate today for those "wealthy CEO's" is 35%. In 1988, 1989 and 1990, the top marginal income tax rate was 28%. Reference: http://www.taxfoundation.org/publications/show/151.html
Obama and the liberals KNOW rates have been lower and much more RECENTLY than the 1950's. But they ignore historical fact because the following is the result of lower, simplified income tax rates as hammered out by our 40th President: Reagan fiscal policy brought us one of the longest peacetime economic expansions in U.S. history.
What about the corporate tax rates you ask? After all, King Obama and his liberal cohorts like to paint all corporate CEOs as inherently eeeeevvvvvviiiiillllll......... The current federal corporate tax rate is 35%. When you average in a state corporate tax rate, you're talking a 39+ percent tax rate (funny liberals don't mention that part huh?). HISTORY tells us that the corporate tax rate in the U.S. has been lower, much lower in fact. The Tax Reform Act of 1986, the Reagan era, closed tens of billions of dollars in corporate loopholes, so that by 1988, the overall effective corporate federal tax rate for large corporations was at 26.5 percent. And again, Reagan's work resulted in a booming economy.
What'cha got now?
And here's the dirty little secret.... there are all kinds of use taxes, sales taxes, permit taxes and state taxes the liberals don't bring up in this conversation even though it's a HUGE factor. We're taxed today in all kinds of ways that didn't exist back in the day, making the overall tax burden of today, higher than yesteryear for a lot of folks.
Accounts Receivable Tax, Building Permit Tax, CDL license Tax, Cigarette Tax, Dog License Tax, Excise Taxes, Federal Unemployment Tax (FUTA), Fishing License Tax, Food License Tax, Franchise Fee Tax (check the back of your electric and cable bill), Fuel Permit Tax, Gasoline Tax (Combined local, state and federal taxation on gas in Iowa is over 40 cents a gallon), Gross Receipts Tax, Hunting License Tax, Inheritance Tax, Inventory Tax, IRS Interest Charges, IRS Penalties (tax on top of tax), Liquor Tax, Local Option Sales Tax, Luxury Taxes, Marriage License Tax, Medicare Tax, Personal Property Tax, Property Tax, Real Estate Tax, Service Charge Tax, Social Security Tax, Road Usage Tax, Sales Tax, Recreational Vehicle Tax, School Tax (PPEL), State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal, Service Fee Tax, Telephone Federal, State and Local Surcharge Taxes, Telephone Minimum Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax (Did you know all this was on your phone bill?), Utility Taxes, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax.
And that's the short list!
Liberals don't want you to know that such taxes didn't exist 100 years ago and our nation was one of if not the most prosperous in the world. Liberals don't want you to know that 100 years ago we had virtually no national debt, a high standard of living and a thriving middle class being the envy of the world, and Mom stayed home to raise the kids.
Think about that for a minute.... Liberals don't WANT you to know your history. Why? Because if you don't know your history, then you don't know that liberalism is inherently flawed like a ponzi scheme. If you know that, then they lose their grip on power. Liberals can't be straight with you because the truth and history are not on their side.
I challenge you to start taking these lying liberals to task for their mis-statements, their omissions and their outright fabrications. Whether it's saying something at the water cooler, writing a letter to the editor, or speaking at some political rally, we need to call liberals out on the carpet and get the truth out.