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Happy Hopey/Changey Tax Day!

Fall Out

Photo courtesy of http://planetmedia.gamespy.com/images/00/04/410_Fallout-3-nuclear-mountain-1007.jpg

Sarah Palin's book--I’m half way through the book and it’s the best policy, inside-politics book I’ve ever read. Yes, and I should know as I used to work inside the big RINO machine. So far in the past week alone, I’ve run into two Palin book readers. I was walking into the Cracker Barrel with my book and a little old couple was walking out clutching their copy. We exchanged a smile and a nod. Then, while I was reading mine at the local diner, a gentleman passing by my table, saw the title at the top of the page, pointed to it and smiled, giving me a thumbs up sign. Sarah Palin is the only voice of true conservatism standing between the United States as a free Republic and the fall of that free Republic. Well, Sarah and the thousands of "tea-baggers" who see what is happening. Will it be enough? I don't know, but I'm not above asking for prayer to be involved.

Healthcare-This amounts to government ownership of your body and the last major hurdle to creating an easily manipulated nation-state of nanny governed sheeple. Why would the Democrats risk losing their seats of power over this vote, as polling clearly indicates? Because this is their opportunity to make the first small step toward a one world government and to place themselves within the scope of that governing body. Why would Nancy Pelosi care a twit about her constituents when she sees the opportunity of being appointed to some world government aristocracy funded by Soros et al. Think I'm being too nutty in this regard? Well, just look what they are doing.

Obama has already been appointed to preside over the United Nations Security Council. How can he both be bound to the Constitution and as the Commander in Chief of the Armed Forces for the United States and hold allegiance to the United Nations. Section 9 of the Constitute states,

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

There is no secret to the fact that continued, uncontrolled government spending will lead to a crash of the U.S. dollar. http://www.marketoracle.co.uk/Article14117.html With a weakened U.S. economy, the last bastion of freedom and military might can be easily transferred to a one world governing body.

Look at the RATIFIABLE global warming TREATY they will be working on in Copenhagen.
Whatever its particular form, it is important to note that the final outcome will be legally binding. This is Cap & Trade on steroids and internationally governed. http://www.pewclimate.org/international/copenhagen-climate-agreement

One Government's Cash for Clunker Is Another Man's Treasure

Leave it to Iowahawk.

"After learning about the government's brilliant old car vandalism program, I set out in the Coupe of Justice over the past eight days in search of candidate clunkers to turn in for that sweet $4500 trade-in bounty. In the end, I saw over 1000 obsolete, gas-guzzling, expired warrantee heaps, but not a single one I'd swap for a fleet of fully-option Priuses. Keep your cash and sodium silicate, Uncle Sam -- I'd rather see these on the road. " ~Iowahawk

Gov. Jindal

The Cost of Doing Political Business

Let Them Eat Cake!

"Bush declares a ’state of emergency’ in Washington as cost of Obama’s swearing-in ceremony soars to £110m"~Paul Thompson, UK Daily Mail

"House Speaker Nancy Pelosi (D-Calif.) on Thursday touted a $825 billion stimulus package..."~The Hill.com

Spending Problem? What Spending Problem?

The Pelosi GTxi SS/Rt Sport Edition from Congressional Motors (Brought to you by Iowahawk) (Coffee-Out-The-Nose-Funny-Warning)

"All new for 2012, the Pelosi GTxi SS/Rt Sport Edition is the mandatory American car so advanced it took $100 billion and an entire Congress to design it. We started with same reliable 7-way hybrid ethanol-biodeisel-electric-clean coal-wind-solar-pedal power plant behind the base model Pelosi, but packed it with extra oomph and the sassy styling pizazz that tells the world that 1974 Detroit is back again -- with a vengeance.

We've subsidized the features you want and taxed away the rest. With its advanced Al Gore-designed V-3 under the hood pumping out 22.5 thumping, carbon-neutral ponies of Detroit muscle, you'll never be late for the Disco or the Day Labor Shelter. Engage the pedal drive or strap on the optional jumbo mizzenmast, and the GTxi SS/Rt Sport Edition easily exceeds 2016 CAFE mileage standards. At an estimated 268 MPG, that's a savings of nearly $1800 per week in fuel cost over the 2011 Pelosi.

Even with increased performance we didn't skimp on safety. With 11-point passenger racing harnesses, 15-way airbags, and mandatory hockey helmet, you'll have the security knowing that you could survive a 45 MPH collision even if the GTxi SS/Rt were capable of that kind of illegal speed."

"And the standard 3 speaker Fairness ActoPhonic FM low-band sound system means you'll never miss a segment of NPR again."

"But why not buy one anyway? With an MSRP starting at only $629,999.99, it's affordable too. Don't forget to ask about dealer incentives, rebates, tax credits, and wealth redistribution plans for customers from dozens of qualifying special interest groups. Plus easy-pay financing programs from Fanny Mae.

So take the bus to your local CM dealer today and find out why the Pelosi GTxi SS/Rt Sport Edition is the only car endorsed by President Barack Obama. One test drive will convince you that you'd choose it over the import brands. Even if they were still legal." ~Iowahawk

Photo From iGreenSpot

I Vote to Give Grover Nordquist the $700 Billion Bailout

Quoted in Full From Americans For Tax Reform

November 17, 2008

Mr. Neel Kashkari
Interim Assistant Secretary for Financial Stability
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220

Dear Secretary Kashkari:

I write today to formally request $700 billion from the TARP Capital Purchase Program. Since unionized auto companies, state and local governments, and certain credit card companies are applying, I thought I should, as well. Attached you will find the two-page application which I downloaded from www.treas.gov.

I am fully aware that some $125 billion has already been allocated as of October 29, 2008. However, given that the federal government has the full weight of the army, the FBI, etc. behind it, I am confident that you can re-appropriate this money from the likes of Wells Fargo (or their successor companies, if the current over-regulatory and over-taxing economic climate has caused them to go under).

I have a plan for this $700 billion which should be just what’s needed to get the American economy going. Since the money came from the taxpayers in the first place, I propose giving it back to them. With $700 billion in TARP funding, ATR would facilitate the following tax cuts:

Cut the corporate income tax rate from 35% to 15%, giving us one of the lowest corporate income tax rates in the developed world. We currently have the second-highest rate in the world (behind only Japan). This new 15% rate would give us the third-lowest rate in the world (ahead of only Ireland and Iceland). It would put us well below the Euro-zone average rate of 25%. Companies would be dying to set up shop in the United States. Estimated JCT cost: $170 billion

Eliminate the capital gains and dividends tax. These rates are currently 15%, but actually represent a double-tax on corporate profits. When combined with the new, lower 15% rate on corporate income, capital costs would be at their lowest levels in nearly a century. Tax something less, and get more of it. This would also be an improvement over a suggested change we have made to the Treasury for years—allow taxpayers to index the cost basis of their capital assets to inflation (something which Treasury has the unilateral authority to do and which would be the equivalent of a 50% cut in the capital gains tax rate). Estimated JCT cost: $35 billion
Cut the top personal income tax rate from 35% to a flat 15%. This would give the U.S. the lowest personal income tax rate in the developed world. Estimated JCT score: $235 billion
Kill the death tax. Almost nothing is more capital-killing for small businesses and family farms than the estate, gift, and generation-skipping transfer taxes. Estimated JCT score: $24 billion
Allow companies to fully-expense capital assets purchased the first year. Under current law, businesses and other taxpayers must usually “depreciate,” or slowly-deduct, capital asset purchases the first year. This capital-boosting proposal would allow taxpayers to deduct 100% of the purchase price from their taxes in year one. Estimated JCT score: $240 billion
Put all that together, and you arrive at almost exactly $700 billion. It’s safe to say that allocating $700 billion this year toward these tax reduction goals would do much for economic growth. But there’s more that can be done that doesn’t require any more resources:

Ensure that there is full transparency in the TARP program by putting every TARP transaction and contract online for everyone to see. Disclose potential conflicts of interest with TARP-oversight staff.

Allow companies to repatriate foreign profits to the U.S. without having to pay a double tax. The last time Congress allowed this in 2005, over $300 billion was repatriated, boosting GDP 2%.
I look forward to receiving the money. Please consult my staff for any ACH transfer information your people may need.

Sincerely,
Grover Norquist
GGN:rle

Assumes current CIT revenue of 2% of $15 trillion GDP. Static score reduction of 57% to account for rate reduction from 35% to 15%

Based on 2006 IRS data (Table 3.4 SOI): http://www.irs.gov/pub/irs-soi/06in34tr.xls

Based on IRS data (score is the difference between actual 2006 ordinary modified taxable income at a 15% flat tax rate and actual 2006 ordinary income tax generated)

Sum total of estate, gift, and generation-skipping transfer tax receipts from 2004 http://www.irs.gov/pub/irs-soi/04es02yd.xls

Assumes gross domestic private investment of $2 trillion. Assumes 15% flat tax rate. Assumes current-law depreciation rate of 20% annually. Current law revenue loss minus full expensing revenue loss is the result. http://bea.gov/national/nipaweb/TableView.asp?SelectedTable=122&Freq=Year&FirstYear=2006&LastYear=2007