Tax, tax, tax, tax, tax . . .

All the usual suspects spewing their "eat the rich" philosophy.  No, let's not talk about the waste in government.  The over-hired and overpaid employees. Forget about fraud in medicaid, medicare, social security.  Tax loopholes?  Nah, let's get rid of itemized deductions that average Americans use every tax year. 

How about this?  "US crude is now up $20 in two months. The extra wealth oil producers are now draining from America is greater than the annual cost of most US government agencies .US crude is now up $20 in two months. The extra wealth oil producers are now draining from America is greater than the annual cost of most US government agencies."  You think I got the from Fox?  Nope. 

So, hey.  Let's not only pay MORE for gas, but let's increase taxes!  That'll work, right?  Larry Kudlow, again, from that conservative network, CNBC, doesn't think so:

But President Obama unveiled a much different tax-reform vision in his much-anticipated debt speech on Wednesday. He would raise tax rates on upper-income earners and small businesses. He also would eliminate deductions and credits, or so called “tax expenditures.” The president referred to these tax-expenditure reductions as “spending cuts.” In his context, they most certainly are not. They are more tax hikes.

Basically, the president is giving successful earners and small-business filers a double tax hike. That’s what it really is.

Of course, the president’s formula of estimating higher revenues to lower the deficit is completely wrong. The reality is that higher tax rates will slow the economy, inhibit new start-up companies, penalize investors, and may very well lose revenues and increase the deficit.

 I've got to go do something, but I'll leave you with Neil Cavuto as he does a yeoman's work in correcting another libocrat idiot.

http://www.breitbart.tv/cavuto-takes-on-dem-rep-in-brilliant-throw-down-over-budget/