Republican Traitor Tom Coburn Votes For MASSIVE Tax Hikes: Increasing Tax Burden Upon Social Security, Gasoline, & Capital Gains, Totaling $1.3 Trillion!

Republican Traitor Tom Coburn Votes For MASSIVE Tax Hikes: Increasing Tax Burden Upon Social Security, Gasoline, & Capital Gains, Totaling $1.3 Trillion!

The formerly solid wall of Republican opposition to any tax increase has now been breached by Tom Coburn and it is up to The American Citizen to repair it and plug it up!

Three normally conservative Senators — Tom Coburn (Oklahoma), Mike Crapo (Idaho) and Judd Gregg (New Hampshire) — have voted in favor of the Bowles-Simpson Deficit Reduction Commission’s recommendations for massive tax hikes.  Coburn, Crapo, and Gregg are laboring under the grand illusion that tax increases can reduce the deficit.

Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash

In fact, the record is the exact opposite!  Tax increases dampen economic growth (particularly during a recession) and never bring in the revenue they are supposed to.  And, because they hurt the economy, they increase mandatory entitlement spending on Medicaid, welfare, unemployment compensation, and food stamps, thereby eradicating any spending cuts that may have accompanied them.

What needs to be done is to defund the Banking Cartel of the $Trillions whom we were told to bailout because of ‘TOO BIG TO FAIL” excuse! We should not make the Americans pay higher exorbitant taxes also for this debt.

This is done by passing The Glass Steagall Act which will retroactively defund the Banking Cartel because Derivative Mortgages Are Illegal and that is how the Banks orchestrated the Housing Bubble. Barney Frank & Harry Reid Are sitting on this legislation right now and will not release it into congress for a vote.

That said, we now have some new legislation introduced to congress. Update on Glass-Steagall: H.R. 1489: Return to Prudent Banking Act of 2011 Keep your eyes on this one as it will block The International Banking Cartel From making Speculative Investments aka; “Playing The Stock Market” which they can easily manipulate with their vast resources, which in turn is actually using “OUR MONEY AGAINST US”.

Bastards like Coburn, Crapo, & Greggs don’t want us to know what is actually going on with OUR MONEY! They are out there screaming STUPID SHIT like, ” 77,000 Fed employees make more than governors. This stupid propaganda stunt is infinitesimal to The American Citizen giving $Trillions to The World’s Wealthiest 1% ~ The International Banks On Wall Street, who quickly funnel the money off shore!

Coburn, Crapo and Gregg’s vote endorses and sends to Congress a report that calls for a nine-year tax hike of $1.3 trillion, raising the federal tax burden permanently to 21% of GDP as opposed to the average of 18% to date (source: Americans for Tax Reform).

It even eliminates Congressional control over tax increases.  They would become automatic after 2013 unless the Commission’s proposals are implemented.

The Commission called for higher tax rates, reduces indexing of tax brackets for inflation, raises the capital gains tax from 15 to 23%, raises Social Security taxes by up to 50% for taxpayers making up to or over $150,000 a year, doubles gas taxes, and makes inheritance taxes at 45% permanent.

Coburn, Crapo, and Gregg had done great harm to our cause by endorsing the idea that a “centrist”approach of combining tax increases and spending cuts is the answer to our deficit.  Their approach would lock in Obama’s massive increase in government spending.

When Obama took office, federal, state, and local governments combined accounted for 35% of our economy.  Now they are up to 45%, ahead of Britain and Germany!  We must roll this back through spending cuts, not ratify it through tax increases.

Judd Gregg is retiring and Coburn and Crapo were just re-elected.  Neither said anything about endorsing big tax increases as soon as the ballots were cast.  They hid their true intentions from us!

Please, drown Coburn and Crapo in letters and phone calls to protest their betrayal of our cause!!  We must make sure that they do not back these tax increases on the floor of the Senate!!!  And that their defection does not encourage other RINOs to break ranks!