American Elephants


Taxmageddon: A Massive Tax Hike Coming January 1. by The Elephant's Child

The Heritage Foundation has come up with a warning graphic to explain and warn about the coming tax Armageddon coming: a massive tax hike that will take effect on January 1. Congress has adjourned for their summer break (campaign time), and will presumably tackle the problem when they return. If you attend town halls or campaign events, you might discuss the problem with your representatives, or drop them a note to tell them how you feel. It’s a very bad situation, and will hit everyone hard.

The Bush tax cuts should be extended— for everyone. All these increases in taxes won’t make a dent in the debt. What is needed is to get the economy growing again, and you don’t do that by raising taxes. It is a very big deal.


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