Pay back and Tax cuts for the top 2%

What we are experiencing now in Washington is a real example of pay back. The 2010 midterms racked up total campaign spending of 4 billion dollars exceeding the 2006 midterms which raised 2.85 billion dollars. These contributions
represent money given by individuals, small businesses and corporations, to candidates directly or through the DNC, RNC and PAC.

How does payback work you may ask? A prime example is what Republicans are fighting for today in Washington.
Whether it be the Senate or House they are fighting to give the top 2% of our economy seven hundred billion dollars ($700,000,000,000.00) in tax cuts for their investment in their campaigns totaling two billion dollars (2,000,000,000) . If you calculate the return it is obscene at a whopping 35,000% return. To put this in perspective if you invest 10,000 on January 1, 2010 at 35,000% you would get back 3,500,000.00 dollars on December 31st. How many Americans are getting that return on their CD?

All Americans must start to realize that the middle class whether you are Lower, Middle or Upper regardless of party affiliation have been prayed upon by the wealthy and influential. Through Wall Street, Investment Banking, and Insurance Companies and politically controlled Republican representatives’ the wealth of middle class has been stolen by the top 2%. How have they accomplished this? Deregulation of the Financial Services Industry in 1999 was the start. It began in 2000 with the Supreme Court election of George W. Bush and Dick Cheney. The Tax cuts in 2001 and 2003, two wars in 2001 and
2003, all of which were not paid for. The subsequent great depression caused by these irresponsible republican policies and the bail out by the United Sates Government protecting the wealth of our nation of which the cost still undetermined will be added to the debt. The massive debt built because of these irresponsible policies 1 Trillion dollars and growing and the transferring of the wealth to the top 2% is now being asked to be paid for by the middle class through reducing entitlement programs such as Social Security, Medicare, Medicaid, Veterans Benefits freezing pay for  Government Workers and the denying the Unemployed. Basically not only have they ripped us off but now they want us to pay again for that which they stole from us.

The argument for tax cuts being presented by the Republicans is that the top 2% represent small businesses and job creators. Here are some facts 98% of small businesses earns less than $250,000 of taxable income. Most small businesses average return on gross revenues after expenses is 10%  a year. A small business would have to gross 2.5 million dollars to be taxed at an adjusted taxable income over $250,000.00. How many of the mom and pop shops gross 2.5 million dollars? Please read the 2009 SBA report. Effective Federal Income Tax Rates Faced By Small US Small

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Bottom line Joe the Plummer is not the Small business the Republicans are representing. The top 2% do not represent small businesses or job creators. It’s pay back time by Republican and their integrity is questioned and rightfully so.

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