If you’re getting a tax refund this year, you’re probably excited. How will you use the money? Save it for a rainy-day pizza party? Upgrade your basic cable TV? If you didn’t get a refund, you’ll especially want to read on.
Funny how big government has mesmerized us into believing it’s a treat to keep some of our own wages. It’s an illusion they have to protect so they can squeeze out more each year.
And if we don’t put major pressure on our lawmakers, they’re going to squeeze us for all we’re worth – and then some.
The president’s tax cuts, which have been shouted down by journalists and politicians who don’t understand economics, are going to expire before we know it. Congress doesn’t have to do one thing. They can keep campaigning and fighting for their pork-filled bills right through 2010, when without any ado, a gigantic tax hike will hit the nation.
Of course, that’s not exactly the point they’re campaigning on.
Democrats wouldn’t even go on national television and admit what they’re planning. CNBC’s Melissa Francis was wise to them – she told viewers of the March 15 “On the Money” that “if the Democrats get their way, America’s taxes will jump more than $2.1 trillion over the next 10 years.”
Francis showed an understanding remarkably rare among journalists: that tax increases will stifle America’s great economy and hurt all classes, including lower-income families.
Unfortunately, she couldn’t find a single congressional Democrat or garden variety liberal to defend this massive tax hike. The Business & Media Institute noticed the host’s multiple disclaimers to viewers, telling them CNBC tried “all day” to find someone for that night’s show. They even went to left-leaning think tanks, but no one stepped forward.
The reason is simple. Democrats are hoping no one was watching that night’s show. They’re hoping you’re not reading this column. Because if Americans understood what they want to do, their precious hold on Congress would be threatened.
Instead, they insist – with the help of scores of journalists – that there is a “war on the middle class.” Everyone thinks he or she is in the middle class, so when Congress offers to protect that group, it sounds comforting.
Liberals and journalists are fond of telling us that raising taxes is the only way out of scary budget deficits that will be handed down to our children and grandchildren. But Americans don’t buy that argument.
Herman Cain is the National Chairman of the Media Research Center’s Business & Media Institute. He is the former president and CEO of Godfather’s Pizza, Inc., and currently is CEO and president of T.H.E. New Voice, Inc., a business and leadership consulting company.
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