Monday, August 03, 2009

Doh! Increased Federal Taxes! But First...

Stephanopoulos put TurboTaxTimmy on the hot seat, and yup, you'll see higher taxes soon.

...........Well--not TOO soon.

First, there's the matter of the 2010 Congressional elections. The Democrats will not propose nor vote for higher taxes until they get re-elected.

They intend to get re-elected based on an economic recovery beginning 4Q this year and on the effects of Porkulus which should occur in 2010. In fact, Porkulus was structured precisely to have a positive private-sector jobs impact in the time period running up to the elections.

The public sector rescue was front-loaded; the private sector impact is timed to the election.

Given the heat that the Democrats are taking on ObamaCare and Tax-n-Cap, those items will be delayed by the Senate until after 11/2010, as well.

What? You think they did that for YOU?


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