Wednesday, October 6, 2010

Da Gunny and his election picks

PA: Joe Sestak v. Pat Toomey (Vote For Pat Toomey)
CO: Michael Bennet v. Ken Buck (Vote For Ken Buck)
WA: Patty Murray v. Dino Rossi (Vote For Dino Rossi)

Rossi said the true scope of the unemployment rate was close to 17.4 percent.

“That’s like two out of 10 people you know aren’t making it for their families. And so the conversations we’re having, a lot of folks are they’re really concerned about, at least the business owners I’m talking to, they don’t know what their government is going to do to them next week,” said Dino Rossi.

NV: Harry Reid v. Sharron Angle (Vote For Sharron Angle)
CA: Barbara Boxer v. Carly Fiorina (Vote For Carly Fiorina)
WI: Russ Feingold v. Ron Johnson

Conn. Senate Blumenthal (D)Da Gunny says Blumenthal can't be trusted
McMahon (R)(Vote For McMahon)

The Register Citizen
Serving Litchfield County, CT
Monday, May 17, 2010
At a rally in Bridgeport in 2003, Blumenthal was quoted as saying, “When we returned, we saw nothing like this,”

In 2008, in Shelton, Blumenthal spoke at a veterans’ memorial dedication saying, “I served during the Vietnam era. … I remember the taunts, the insults, sometimes even physical abuse.”

“As a veteran myself, anyone who lies about their service should be ashamed of themselves,” City Councilor Rick Dalla Valle, himself a veteran said. “People give their lives every day, and anyone that lies about their service should be ashamed.”

Bob Hunter, Commander of the Veterans of Foreign Wars, Post 9086, and a Navy Veteran beleives that anyone that may have lied about their service should do whatever is necessary to make it right.

Calif. Senate Boxer (D)
Fiorina (R)(Vote For Fiorina)

Ohio Senate Portman (R)(Vote For Republican Rob Portman)
Fisher (D)

Ohio has lost nearly 400,000 jobs and our unemployment rate has more than doubled. Even for those who are working, paychecks are not stretching as far as they used to, and the value of homes and retirement accounts have declined, putting more pressure on working families.

We are at a moment of truth for Ohio. Now is the time for bold action and decisions to turn things around. The Portman Plan for Ohio Jobs offers specific proposals to get Ohio and our nation back on the path to prosperity:

Carnahan (D)
Mo. Senate Blunt (R))(Vote For Republican Roy Blunt)
Roy Blunt believes the way to real prosperity is to count on free people to make their own decisions – what to buy, how much to save, when to borrow or lend, and how much. In the present crisis, for example, if we want more consumer spending and job creation, then let’s reduce people’s taxes.

Ellsworth (D)
Ind. Senate Coats (R)(Vote For Republican Roy Blunt)
Indiana's unemployment rate in August was 10.2 percent. Frustration is high.

"Where's the recovery happening?" asked Bill Hurley, a businessman and self-described conservative who has donated to Coats. "Because it's not here."
Read more: http://www.kansascity.com/2010/09/25/2248624/in-indiana-ellsworth-struggles.html#ixzz11de4rv9h

We have to look at tax reductions for businesses, simplifying our tax code and creating tax incentives for innovation. We must grow our way out of the recession, not spend our way out as President Obama has repeatedly insisted we do.

Finally, it’s important to remember that this crisis is so deep, so devastating, that the solution must rise above politics. Difficult, and perhaps unpopular, decisions must be made today in order to ensure a better tomorrow.

I think we have to ask ourselves an important question: Are you willing to make the tough decisions for the future of our county and for the sake of your children and grandchildren?

N.Y. Senate B Gillibrand (D)
DioGuardi (R)(Vote For Republican Joe DioGuardi for US Senate)

"There are nearly one million New Yorkers who are unemployed, and Sen. Gillibrand's only attempt at a remedy is more government spending," said DioGuardi. "While she's working to shore up the support of Washington insiders, I am talking to the people - the people who create the jobs and the people who need the jobs. Big government spending will not solve our problems, because jobs are created by the private sector. Helping businesses grow, encouraging entrepreneurship, promoting education, and lifting the burden of excessive government regulation - this is my agenda, and this is what I will devote myself to in the U.S. Senate."
Nev. Senate Angle (R)
42%Reid (D)

Del. Senate Coons (D)
O'Donnell (R))(Vote For Republican Christine O`Donnell)

Christine O`Donnell on Tax Reform: Deal With Delaware: I will never vote to increase taxes.
ANNUAL REPORT TO CONGRESS: Military and Security Developments; Involving the People’s Republic of China 2010 Office of the Secretary of Defense Read Report on China: Click here .

W.Va. Senate Raese (R))(Vote For Republican John Raese)
Manchin (D)

John Raese-Besides robbing your family of basic medical care choice, the new ObamaCare health plan passed by the Democratic congress is expected to employ thousands of new IRS agents to track down Americans for payment of health care taxes. The cost of the greatest social spending program in the nation’s history is still under debate, but since the inception of Medicare in 1965 the cost of the program has grown 2.7% faster the economy and should reach 20% of America’s GDP within the decade.
John Raese-The jobless rate across the nation, and especially here in West Virginia, is spiraling upward. At just 3.6% in November of 2007 the unemployment rate in West Virginia has more than doubled ballooning to 8.6% by this summer. West Virginia’s engine to growth is small and medium sized businesses that are encouraged to innovate and create. More government, more regulation and more taxes are never the answer.

The Largest Tax Hikes in History Coming Under Democrates
From Ryan Ellis Americans for Tax Reform

Largest tax hikes in U.S. history begin soon under Obama who signed Obamacare into law (creating many of these tax hikes in the process). It's also 28 days until Election Day.

***New January 2011 tax hike added this week***

Homeowner Paperwork Tax Burden. Congress this week will send to President Obama a bill which has several tax hikes and tax breaks. One of the tax hikes requires the 10 million homeowners who rent out second homes and vacation homes to issue burdensome “1099-MISC” forms to everyone with whom they do more than a small amount of business. This will result in millions of wasted hours filling out paperwork and being chased by the IRS. 90% of people who rent out homes make less than $200,000 per year.

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

- The 10% bracket rises to an expanded 15%
- The 25% bracket rises to 28%
- The 28% bracket rises to 31%
- The 33% bracket rises to 36%
- The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care tax credit will be cut.

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors. The top capital gains tax will rise from 15 percent this year to 20 percent in 2011. The top dividends tax rate will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

Second Wave: Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.

The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.

Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.

Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.

Vote Republican
Senate races in 2010:
AK:Miller(R) vs.McAdams(D) vs.Murkowski(I)
AL:Shelby(R) vs.Barnes(D)
AR:Lincoln(D) vs.Boozman(R)
AZ:McCain(R) vs.Glassman(D)
CA:Boxer(D) vs.Fiorina(R) vs.Lightfoot(L)
CO:Bennet(D) vs.Buck(R)
CT:Blumenthal(D) vs.McMahon(R)
DE:Coons(D) vs.O`Donnell(R)
FL:Rubio(R) vs.Crist(I) vs.Meek(D) vs.DeCastro(C) vs.Snitker(L)
GA:Isakson(R) vs.Thurmond(D)
HI:Inouye(D) vs.Cavasso(R)
IA:Grassley(R) vs.Conlin(D)
ID:Crapo(R) vs.Sullivan(D)
IL:Giannoulias(D) vs.Kirk(R)
IN:Ellsworth(D) vs.Coats(R)
KS:Johnston(D) vs.Moran(R)
KY:Conway(D) vs.Paul(R)
LA:Vitter(R) vs.Melancon(D)
MO:Carnahan(R) vs.Blunt(D)
MD:Mikulski(D) vs.Wargotz(R)
NC:Burr(R) vs.Marshall(D)
ND:Potter(D) vs.Hoeven(R)
NH:Ayotte(R) vs.Hodes(D)
NV:Reid(D) vs.Angle(R)
NY6:Schumer(D) vs.Townsend(R)
NY2:Gillibrand(D) vs.DioGuardi(R)
OH:Fisher(R) vs.Portman(D) vs.Deaton(C)
OK:Coburn(R) vs.Myles(D)
OR:Wyden(D) vs.Huffman(R)
PA:Toomey(R) vs.Sestak(D)
SC:DeMint(R) vs.Greene(D)
SD:Thune(R) vs.Berry(D)
UT:Lee(R) vs.Granato(D)
VT:Leahy(D) vs.Britton(R) vs.Freilich(I)
WA:Murray(D) vs.Rossi(R)
WI:Feingold(D) vs.Johnson(D)
WV:Manchin(D) vs.Raese(R)
Vote Republican

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