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Suffolk County taxpayers should prepare to be mugged! At the end of this year the largest tax hikes in American history will take place. That's when the 2001 and 2003 GOP tax cuts are set to expire and the inaction of Tim Bishop, Nancy Pelosi and the Democrats in Congress will lead to an extra $1 trillion being lifted from the bank accounts of taxpaying American.
Americans will see across the board hikes in every personal income tax bracket. Those individuals currently in the 10% tax bracket will see a jump to 15% and those in the 35% tax bracket will see that number jump to 39.6%. Similar jumps will take place in all other brackets.
But that isn't all; the death tax will jump from zero to a 55% death tax rate on estates over $1 million. The capital gains tax will rise from 15% to 20% in 2011 and jump an additional 3.8% in 2013. Add on top of these, taxes linked to Obamacare and hikes on employer taxes as well as the alternative minimum tax and 2011 will be a bad year for taxpaying Americans.
New York is already one of the highest tax states in the nation and this tax hike is sure to be the 'straw that breaks the camel's back' for many cash strapped New Yorkers. In our current economic crisis Tim Bishop should have the courage to stand up for taxpayers everywhere and call on Nancy Pelosi to renew the 2001 and 2003 GOP tax cuts.
Permalink: Prepare To Be Mugged by the Taxman! | Posted: July 22, 2010 12:18 PM
Tim Bishop needs to step-up and let President Obama and Speaker Pelosi know that temporary tax cuts for small businesses won't work when it comes to creating jobs and cutting unemployment. These cuts will be countered by the increased capital gains tax which takes effect on January 1, 2011. Tax hikes that will hit hardest on start-up companies and those businesses considering expansion and which are in need of capital for growth.
Tim Bishop, Nancy Pelosi and President Obama have never been hands-on creators of private sector jobs. They've never made a payroll, paid for employees healthcare or grown businesses from the ground up. They've never felt the bite of the taxman or the sting of government regulation and red tape. What America needs is for Congress to stop tinkering with the tax code and institute permanent lower tax rates so that businesses can make the long term investments needed to expand and create jobs. We need a healthcare package based on private sector solutions and a common sense conservative approach to cutting onerous red tape and regulations. Congress and the federal government need to get out of the way and let America work.
Permalink: Temporary Tax Cuts Won't Work | Posted: July 20, 2010 4:17 PM
"I am endorsing Randy Altschuler today because he understands the policies of Tim Bishop, Nancy Pelosi and President Obama are bankrupting our nation. Tim Bishop is a rubber stamp for the far left; voting with Nancy Pelosi 97% of the time. Tim Bishop exemplifies the big spending, high taxing, deficit growing mentality of the career politician; his votes in Congress are bad for Suffolk County and for America.
"It's time for a new way of doing business in Washington. Randy Altschuler has what it takes to be a great Congressman. He's a self-made, successful businessman, an innovator and a proven job creator. He's built businesses from the ground up; creating over 700 jobs for hard-working Americans with 250 of those jobs in New York. His experience and career skills are what we need to get America working again. I'm proud to support Randy Altschuler in this race and will work with him to retire Tim Bishop and take back Congress," said LeBoutillier.
Rep. John LeBoutillier is a former Congressman from Long Island, and is a leading conservative political analyst and commentator. Rep. LeBoutillier was elected to Congress running on the Republican, Conservative, and Right To Life party lines.
Permalink: Former Rep. John LeBoutillier Endorses Randy Altschuler for Congress | Posted: July 14, 2010 3:41 PM
"Randy Altschuler has overcome obstacles and achieved success as a businessman through hard work, determination and sacrifice. His success in building companies and creating hundreds of jobs for hard working Americans is just the kind of experience Suffolk County residents need in Washington to help get our economy moving forward again. I'm proud to endorse his candidacy for Congress and I look forward to working beside him in Congress to fight for common sense conservative values on behalf of the American people," said Congressman Cantor.
Rep. Eric Cantor is the current House Republican Whip, a position he has held since 2009. From 2003-2009, he was the Chief Deputy Republican Whip. He has served in the U.S. House of Representatives since 2001.
Permalink: House Republican Whip Eric Cantor Endorses Randy Altschuler for Congress | Posted: July 12, 2010 9:55 AM
On this, the 234th anniversary of the signing of the Declaration of Independence, perhaps the words of Ronald Reagan best sums up the spirit of our nation and its people. As we enjoy the blessings of liberty and the beautiful weather of this weekend, let us remember those who have sacrificed so much, so we can be free.
"From our forefathers to our modern day immigrants, we've come from every corner of the earth, from every race and every ethnic background, and we've become a new breed in the world. We're Americans and we have a rendezvous with destiny....No people who have ever lived on this earth have fought harder, paid a higher price for freedom, or done more to advance the dignity of man than the living Americans--the Americans living in this land today. There isn't a problem we can't solve if government will give us the facts. Tell us what needs to be done. Then get out of the way and let us have at it."
Ronald W. Reagan
March 31, 1976
Permalink: Celebrating Our Nation's Independence & Honoring the Sacrifices of Our Heroes | Posted: July 3, 2010 1:31 PM
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