The Obama Tax

The fact that Obama seems to like toxic programs that don't take effect until 2013 or beyond, such as Obamacare and the Buffett tax, has given me an idea.

The Republicans in the House should propose and push an explicit Obama tax—a 50% tax rate, across the board (payroll, capital gains, whatever the source)—on anyone making more than $20K that takes effect in 2013 only if Obama is reelected.

A Prediction

I’ve said before that, with Democrats in control, higher taxes are coming. The Democrats will never see the truth in the assertion that lowering taxes can increase revenues—they’ll just squeeze and squeeze until we’re all bled dry.

I predict that, if the Democrats retain control of Congress after the 2010 mid-term elections, we will see tax increases the likes of which have not been seen in this country since the early 1960s.