Archive for the ‘waxman’ Category

h1

Decoration Day or Memorial Day

May 27, 2017

On May 5th 1868, General John A. Logan declared that May 30th would be known as Decoration Day Nation wide, that date was chosen because it held no significance as an anniversary of any past battle in America.

This day is set aside for the men and women who have given the ultimate sacrifice by giving their all, its also to honor those who are currently serving and for those who have served in the military for this nation willing and for those who were drafted as well.

We have places in this country who are attempting to whitewash history by removing monuments to soldiers and generals and important figures from the civil war. It is because of the civil war that we have Decoration Day/Memorial Day, the civil war was not fought over slavery but it eventually has been taught that is all it was about.

Prior to the start of the civil war, the federal government was taxing raw products and finished products that came from the southern states. The representatives in the house and in the senate told the federal government that if the excess taxation did not stop that they would leave the union and form their on nation. About that time the southern states were also looking at freeing all slaves and giving each male slave a 1/4 or 1/2 acre for each year they lived on a plantation.

In President Lincoln’s own words “we can not let the southern states leave for they fund the federal government” The federal government struck first by invading the southern states to prevent succession of the southern states.

President Lincoln issued the Emancepation Proclamation, on January 1st 1863, freeing all slaves, there was caveat to his speech, it only affected the slaves in the southern states while the civil war was going on. It wasn’t until 4 years later that the slaves in the northern states and southern states that was loyal to the union were freed.

Prior to the civil war as I had stated the southern states were looking into freeing the slaves the same at Russia had in 1859. Prior to Lincoln starting the war with a surprise attack on Charleston harbor on April 8th 1861, to occupy Fort Sumter which at that time was a federal tax collection fort. The southern states were starting the process of freeing the slaves. The occupation of Fort Sumter by the federal government military and navy altered that course of action by the southern states.

After the civil war had ended and congress initiated the process of reconstruction which in turn allowed for people from the northern states to move to the southern states became known as carpet baggers. It as during the era of reconstruction that majority of the representatives from the southern states were former slaves that were freed by Lincoln’s emancipation proclamation. The southern Democratic Party had created its response to the reconstruction time period which became known as the KKK party.

The klan was created as a response to the northern states using reconstruction era to have blacks in congress. The klan terroized and even killed blacks to get their point across. Up until the civil rights bill as passed by congress in the 1960’s, there was 7 other attempts to pass civil rights legislation by congress but the democrats in congress blocked them all.

It as the democrats that created the Jim Crow laws, the separate but equal education system, the whites only and blacks only laws. It was the democrats in power in the southern states that used the police, the police dogs, water cannons, and the states national guards against the civil rights marchers in the late 1950’s and the early 1960’s.

The civil rights bill that was voted on in the house in 1964 was filibustered by Al Gore Sr in the senate until another senator from Minnesota rewrote several sections that dealt with voting rights, the original version ould enshrine in the constitution the right to vote regardless color, religion, or gender, the rewritten version had it so that the senate had to revote on the voting rights act every so often, that is when enough democrats in the senate agreed to vote to pass the civil rights bill so the president could sign it into law.

What is now known as Memorial Day is because of the civil war, there were to many men killed during the civil war and to think we have people who have been elected feel it’s their right to remove monuments and to erase history because a few are offended by our nations past. To erase our past means that we as a nation are bound to repeat history. We need to embrace our past so that we do not repeat our past, but we are on the verge of repeating our past because a single political party prefers to keep groups of people as 2nd class citizens so that they will keep voting for them.

The civil war was not fought to keep a political party in power but to keep a young nation as a whole, every single soldier who has given their all in battle or in defense of this nation should be honored as well as those who are currently serving in the military and those who served and those who have retired from the military for they truly know what sacrifice truly means.

The song “If Your Reading This” best fits the term “giving it all”
It as first sung by Tim McGraw in 2007

If You’re Reading This
Tim McGraw
Lyrics
If you’re reading this
My Mommas sittin there
Looks like I only got a one way ticket over here
Sure wish I
Could give you one more kiss
And war was just a game we played when we were kids
I’m laying down my gun
I’m hanging up boots
I’m up here with God and we’re both watching over you
So lay me down
In that open field out on the edge of town
And know my soul
Is where my momma always prayed
That it would go
And if you’re reading this
I’m already home
If you’re reading this
Half way around the world
I won’t be there
To see the birth of our little girl
I hope she looks like you
I hope she fights like me
Stand up for the innocent and weak
I’m laying down my gun
I’m hanging up boots
Tell dad I don’t regret that I followed in his shoes
So lay me down
In that open field out on the edge of town
And know my soul
Is where my momma always prayed
That it would go
And if you’re reading this
I’m already home
If you’re reading this
There’s going to come a day
When you’ll move on
And find some one else
And that’s OK
Just remember this
I’m in a better place
Where soldiers live in peace
And angels sing amazing grace
So lay me down
In that open field out on the edge of town
And know my soul
Is where my momma always prayed
That it would go
And if you’re reading this
I’m already home

There is another song that I will post the lyrics to as well for the soldiers who are still living, that fits them.

It’s sung by Toby Keith the title is American Soldier

Lyrics
I’m just trying to be a father,
Raise a daughter and a son,
Be a lover to their mother,
Everything to everyone.
Up and at ’em bright and early,
I’m all business in my suit,
Yeah, I’m dressed up for success,
From my head down to my boots.
I don’t do it for money
There’s bills that I can’t pay.
I don’t do it for the glory,
I just do it anyway.
Providing for our future’s my responsibility,
Yeah I’m real good under pressure,
Being all that I can be.
And I can’t call in sick on Mondays
When the weekends been too strong,
I just work straight through the holidays,
And sometimes all night long.
You can bet that I stand ready
When the wolf growls at the door,
Hey, I’m solid, hey I’m steady,
Hey I’m true down to the core.
And I will always do my duty,
No matter what the price,
I’ve counted up the cost,
I know the sacrifice.
Oh, and I don’t want to die for you,
But if dyin’s asked of me,
I’ll bear that cross with honor,
‘Cause freedom don’t come free.
I’m an American soldier, an American,
Beside my brothers and my sisters
I will proudly take a stand,
When liberty’s in jeopardy
I will always do what’s right,
I’m out here on the front lines,
So you can sleep in peace tonight.
American soldier, I’m an American,
American soldier,
An American

I found the soldiers Creed and its a good one and i hope that I am not offending anyone by just changing one word in the creed for it is meant to honor all soldiers.

A Soldiers Creed

I am an American Soldier.
I am a member of the United States Military – a protector of the greatest nation on earth.
Because I am proud of the uniform I wear, I will always act in ways creditable to the military service and the nation it is sworn to guard.
I am proud of my own organization. I will do all I can to make it the finest Military.
I will be loyal to those under whom I serve. I will do my full part to carry out orders and instructions given to me or my unit.
As a soldier, I realize that I am a member of a time-honored profession—that I am doing my share to keep alive the principles of freedom for which my country stands.
No matter what the situation I am in, I will never do anything, for pleasure, profit, or personal safety, which will disgrace my uniform, my unit, or my country.
I will use every means I have, even beyond the line of duty, to restrain my comrades from actions disgraceful to themselves and to the uniform.
I am proud of my country and its flag.
I will try to make the people of this nation proud of the service I represent, for I am an American Soldier.

Thank you for taking the time to read my view on Decoration Day/Memorial Day,
A ordinary mans view.

h1

The Media And The Democrats Lie Again

March 31, 2015

The latest attack on conservatism has been happening since the Governor of Indiana,
signed into law a bill that is nearly 100% identical to the bill that then president
bill clinton signed into law in 1993. The law that I am referring to is the Freedom Of Restoration Act that then president bill clinton signed into law and 25 other states had signed into law similar or identical to the federal law.

Here is a little bit of history on the bill that was signed into law by then president bill clinton, a group of native american indians were arrested and jailed for possession of peyote that they stated was for religious purposes. In 1993 when the democrats held congress and the presidency the bill Religious Of Freedom Restoration Act was passed with near 100% in the house and near 100% in the senate and bill clinton signing it into law.

Now that a Republican Governor and Republican legislature have passed the nearly identical Religious Freedom Restoration Act to the Federal version is to be deemed discriminatory against gays, lesbians, transgender but yet wont protest the same federal law that has been on the books since 1993. Here is the Federal Law Link, and Indiana’s law Link, as you can tell the laws are nearly identical the only issue is that a Republican Governor did the same thing that the democrats rushed to protect the use of peyote by native american indians.

Now that liberals are having to deal with the state of Indiana having the same law on their state law books, they had to come up with a farce of claiming discrimination and will not allow the truth to be known. The law has what is called the Sherbert Test which mandates strict scrutiny if a law has violated the freedom of religion in the 1st amendment.

liberals and democrats and the media hate that a state with a republican governor, and state controlled legislature are applying the same federal law and having it on the state law books. They now see this law only in one light and will not accept any other story line other than it is based on allowing sexual discrimination against gays and lesbians and transgendered.

Colorado does not have this law on their books and case in point is when a lesbian couple knowing full well that a specific bakery ran their bakery based on their religious beliefs. They went in and tried ordering a wedding cake knowing that they would be turned down for the cake only, for years they had been customers for other bakery items. The couple never turned them away from buying any of their products they only turned them down for the wedding cake based on their religious values and beliefs. They were put out of business by the lesbian couple complaining to the state for the bakeries discrimination against them based on sexual orientation.

This law in Indiana now has the state making sure that bills passed and signed into laws do not encroach on the first amendment of the Constitution. George Stephanopoulos on ABC tried to redirect the interview many times by implying that the law was blatantly discriminatory only against gays and lesbians. The Governor would have nothing to do with that tactic and kept on message and even educating George that the same law was passed by the democrats and signed into law by bill clinton in 1993.

The democrats passed the bill in 1993 and signed into law the same year praised it for being all inclusive. Now that the law is being used for practical reasons and it fits squarely into conservative views and values they are in a catatonic state of anger that their law is being used for good.

Bill Clinton signed the bill into law in 1993 and obama voted for a nearly identical bill in 1998, democrats hate when a law can be used by conservatives in the same manner to protect individuals and businesses

This Law means that the person or business is considered innocent until the state can find that a law was not burdensome on a person or business now……..As does the Federal Law…….

h1

ObamaCare The Law That Is Racist

October 13, 2013

I woke up sometime during the night because mother nature has deemed me old enough to have a time clock alarm in my bladder thank you mother nature.

The title says it all and I wrote down what it means and by federal law this program must end……….

The Affordable Patient Health Care Act aka obamacare comes right to the point of being racist and discriminatory in the same breath first time that congress has allowed and even voted on a bill that lets the federal govt to use discrimination and be racist legally at the same time.

This law discriminates against you because of your age!

This law discriminates against you because of your sexual preference!

This law discriminates against you based on your skin color!

This law discriminates against you because of your gender as well!

This law discriminates against you if you are not muslim!

This Law also discriminates against couples who are married………..

talking about racism this law was written and aimed at illegals to begin with because the democratic party needs a new group to enslave and they will be worshiped for it.

If you are an American Citizen already you are punished by the law….

Exceptions to this are in you are black, gay, lesbian, perpetual pro amnesty, muslim, pro baby death (planned parenthood actually admitted they are for this), if you are getting govt subsidies and are willing to live according to the rules that the federal govt sets forth for you to live on govt handouts then you will not be punished by the law.

Soon this law will encumber if a person will be selected by the govt to go onto a college education provided by the state, The U.K. is a great example of how the govt selects who gets into college.

Prove me wrong with verifiable proof that obamacare is not based on racism and discriminatory acts built into the law by the democratic party

This law also does what the democrats have been trying to do by re-enslaving the very people who were freed by President Abraham Lincoln, plus it shreds the constitution by letting the HHS Dept do what

they have been unable to do and that is bypass the constitution and the rule of law………….

h1

The Real Truth Is Exposed About The Housing Bubble!!!!

November 5, 2011

This ties the C.R.A. bill signed into law in 1976, bill clintons secret commission that found their

findings on false information and used the findings as a loaded gun to the banking, savings and loans

and the mortgage companies.  It is these two actions that created and caused the abuses and the

economy that we have today, it can be laid at the feet of the Democrats and obama is taking it even

more to the left of the left…………

Smoking-Gun Document Ties Policy To Housing Crisis

By PAUL SPERRY, FOR INVESTOR’S BUSINESS DAILY Posted 10/31/2011 08:05 AM ET

 View Enlarged Image

President Obama says the Occupy Wall Street protests show a “broad-based frustration” among Americans with the financial sector, which continues to kick against regulatory reforms three years after the financial crisis.

“You’re seeing some of the same folks who acted irresponsibly trying to fight efforts to crack down on the abusive practices that got us into this in the first place,” he complained earlier this month.

But what if government encouraged, even invented, those “abusive practices”?

Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.

At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.

Bubble? Regulators Blew It

The threat was codified in a 20-page “Policy Statement on Discrimination in Lending” and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending. Clinton set up the little-known body to coordinate an unprecedented crackdown on alleged bank redlining.

The edict — completely overlooked by the Financial Crisis Inquiry Commission and the mainstream media — was signed by then-HUD Secretary Henry Cisneros, Attorney General Janet Reno, Comptroller of the Currency Eugene Ludwig and Federal Reserve Chairman Alan Greenspan, along with the heads of six other financial regulatory agencies.

“The agencies will not tolerate lending discrimination in any form,” the document warned financial institutions.

Ludwig at the time stated the ruling would be used by the agen cies as a fair-lending enforcement “tool,” and would apply to “all lenders” — including banks and thrifts, credit unions, mortgage brokers and finance companies.

The unusual full-court press was predicated on a Boston Fed study showing mortgage lenders rejecting blacks and Hispanics in greater proportion than whites. The author of the 1992 study, hired by the Clinton White House, claimed it was racial “discrimination.” But it was simply good underwriting.

It took private analysts, as well as at least one FDIC economist, little time to determine the Boston Fed study was terminally flawed. In addition to finding embarrassing mistakes in the data, they concluded that more relevant measures of a borrower’s credit history — such as past delinquencies and whether the borrower met lenders credit standards — explained the gap in lending between whites and blacks, who on average had poorer credit and higher defaults.

The study did not take into account a host of other relevant data factoring into denials, including applicants’ net worth, debt burden and employment record. Other variables, such as the size of down payments and the amount of the loans sought to the value of the property being bought, also were left out of the analysis. It also failed to consider whether the borrower submitted information that could not be verified, the presence of a cosigner and even the loan amount.

When these missing data were factored in, it became clear that the rejection rates were based on legitimate business decisions, not racism.

Still, the study was used to support a wholesale abandonment of traditional underwriting standards — the root cause of the mortgage crisis.

For the first time, Washington’s bank regulators put racial lending at the top of their checklist. Banks that failed to throw open their lending windows to credit-poor minorities were denied expansion plans by the Fed in an era of frenzied financial mergers and acquisitions. HUD threatened to deny them access to Fannie Mae and Freddie Mac, which it controlled. And the Justice Department sued them for lending discrimination and branded them as racists in the press.

“HUD is authorized to direct Fannie Mae and Freddie Mac to undertake various remedial actions, including suspension, probation, reprimand or settlement, against lenders found to have engaged in discriminatory lending practices,” the official policy statement warned.

The regulatory missive, which had the effect of law, advised lenders to bend “customary” underwriting standards for minority homebuyers with poor credit.

“Applying different lending standards to applicants who are members of a protected class is permissible,” it said. “In addition, providing different treatment to applicants to address past discrimination would be permissible.”

To that end, lenders were directed to “make changes in marketing strategy or loan products to better serve minority segments of the market.” They were also advised to “change commission structures” to encourage brokers and loan officers to “lend in minority and low-income neighborhoods” — a practice Countrywide Financial, the poster boy of the subprime scandal, perfected. The government now condemns the practice it once encouraged as “predatory.”

FDIC warned banks that even unintentional discrimination was against the law, and that they should be proactive in making “multicultural” loans. “An ounce of prevention is worth a pound of cure,” the agency said in a separate advisory.

Confronted with the combined force of 10 federal regulators, lenders naturally toed the line, and were soon aggressively marketing subprime mortgages in urban areas. The marching orders threw such a scare into the industry that the American Bankers Association issued a “fair-lending tool kit” to every member. The Mortgage Bankers Association of America signed a “fair-lending” contract with HUD. So did Countrywide.

HUD also pushed Fannie and Freddie, which in effect set industry underwriting standards, to buy subprime mortgages, freeing lenders to originate even more high-risk loans.

“Lenders should ensure that their loan processors and underwriters are aware of the provisions of the secondary market guidelines that provide various alternative and flexible means by which applicants may demonstrate their ability and willingness to repay their loans,” the policy statement decreed.

“Fannie Mae and Freddie Mac not infrequently purchase mortgages exceeding the suggested ratios” of monthly housing expense to income (28%) and total obligations to income (36%).

It warned lenders who rejected minority applicants with high debt ratios and low credit scores to “be prepared” to prove to federal regulators and prosecutors they weren’t racist. “The Department of Justice is authorized to use the full range of its enforcement authority.”

It took a little more than a decade for the negative effects of the assault on prudent lending to be felt. By 2006, the shaky subprime mortgages began to default. In 2008, the bubble exploded.

Clinton’s task force survived the Bush administration, during which it produced fair-lending brochures in Spanish for immigrant home-loan applicants.

And it’s still alive today. Obama is building on the fair-lending infrastructure Clinton put in place.

As IBD first reported in July, Attorney General Eric Holder has launched a witch hunt vs. “racist” banks.

“It’s a more aggressive fair-lending enforcement approach now,” said Washington lawyer Andrew Sandler of Buckley Sandler LLP in a recent interview. “It is well beyond anything we saw during the Clinton administration.”

Tom Perez, assistant attorney general for civil rights, recently testified that his division “continues to participate in the federal Interagency Fair Lending Task Force.” And he and the task force are working with the newly created Consumer Financial Protection Bureau to “enhance fair-lending enforcement.”

The fair-lending task force’s original policy paper undercuts the notion the financial crisis was all about banker “greed,” though it certainly played a role after the fact. Rather, it offers compelling evidence that the crisis evolved chiefly from government mandates and threats to increase lending to applicants who could not afford them.

h1

THE REAL MESS

August 10, 2011

What many people do not know is the real history of the problems we are having today and it was signed into law by jimmy (peanut farmer) carter in 1977 here’s the first link and on the right side is a map that the law was based out that is how the term red lining was created it was showing banks where the safe loans could be repaid and the red areas were showing much riskier areas.

Thus created the first banking crisis back in the late 1980’s the S&L’s debacle the community activists boycotted and attacked the S&L’s banks to charge them with red lining and deceit and deceptive loan process.  Because the S&L’s banks were receiving insurance money from the FDIC  that made the banks liable if they were ever sued in court.

Timeline of the Housing Crisis

 
These are the leading culprits who actually caused the subprime

mortgage collapse which then caused the current worldwide deep recession

1. Jimmy Carter pushed for and signed into law the
Community Reinvestment Act which forced banks to
lower their standards so that previously unqualified
people could get a mortgage.

2. Bill Clinton then doubled-down on the Community Reinvestment
Act and greatly lowered mortgage standards to
allow a lot more unqualified borrowers to get loans.

3. Bill Clinton’s Attorney General, Janet Reno, then intimidated
banks with threats of legal action if they
did not give loans to unqualified borrowers who
would not have the income to pay the loans back.

4. A member of the Clinton administration, Franklin Raines
was then put in charge of Fannie Mae by Bill Clinton. Fannie
Mae bought up a majority of the bad loans made by
banks to unqualified borrowers. Raines then falsified Fannie
Mae financial reports so he could collect bonuses
which totaled over $90 million for 5 years.

5. Senator Chris Dodd, head of the Senatorial Financial
Committee, suppressed efforts by President
George W. Bush and congressional Republicans to
rein in the corruption at Fannie Mae and Freddie Mac.
He got a very favorable loan by a bank associated
with Fannie Mae and Freddie Mac. He got large political
campaign contributions from Fannie Mae and
Freddie Mac.

6. Barney Frank, head of the House of Representatives
Banking Committee, also suppressed efforts by President
George W. Bush and Congressional Republicans to
investigate corruption at Fannie Mae and Freddie Mac.

7. Barack Obama, while he was an attorney, filed lawsuits
against banks on behalf of ACORN in order to
force banks to give loans to people who could not afford
to pay them back. Obama, while he was a U.S.
Senator, also suppressed efforts by President George
W. Bush and Republican Congressmen to investigate
and rein in Fannie Mae and Freddie Mac.

h1

NASA BLOWS AWAY GLOBAL WARMING AND CLIMATE CHANGE THEORIES

August 1, 2011

New NASA Data Blow Gaping Hole In Global Warming Alarmism

ForbesBy James Taylor | Forbes – Wed, Jul 27, 2011

http://news.yahoo.com/nasa-data-blow-gaping-hold-global-warming-alarmism-192334971.html

Related Content

  • New NASA Data Blow Gaping Hole In Global Warming AlarmismNew NASA Data Blow Gaping Hole In Global Warming Alarmism

NASA satellite data from the years 2000 through 2011 show the Earth’s atmosphere is allowing far more heat to be released into space than alarmist computer models have predicted, reports a new study in the peer-reviewed science journal Remote Sensing. The study indicates far less future global warming will occur than United Nations computer models have predicted, and supports prior studies indicating increases in atmospheric carbon dioxide trap far less heat than alarmists have claimed.

Study co-author Dr. Roy Spencer, a principal research scientist at the University of Alabama in Huntsville and U.S. Science Team Leader for the Advanced Microwave Scanning Radiometer flying on NASA’s Aqua satellite, reports that real-world data from NASA’s Terra satellite contradict multiple assumptions fed into alarmist computer models.

“The satellite observations suggest there is much more energy lost to space during and after warming than the climate models show,” Spencer said in a July 26 University of Alabama press release. “There is a huge discrepancy between the data and the forecasts that is especially big over the oceans.”

In addition to finding that far less heat is being trapped than alarmist computer models have predicted, the NASA satellite data show the atmosphere begins shedding heat into space long before United Nations computer models predicted.

The new findings are extremely important and should dramatically alter the global warming debate.

Scientists on all sides of the global warming debate are in general agreement about how much heat is being directly trapped by human emissions of carbon dioxide (the answer is “not much”). However, the single most important issue in the global warming debate is whether carbon dioxide emissions will indirectly trap far more heat by causing large increases in atmospheric humidity and cirrus clouds. Alarmist computer models assume human carbon dioxide emissions indirectly cause substantial increases in atmospheric humidity and cirrus clouds (each of which are very effective at trapping heat), but real-world data have long shown that carbon dioxide emissions are not causing as much atmospheric humidity and cirrus clouds as the alarmist computer models have predicted.

The new NASA Terra satellite data are consistent with long-term NOAA and NASA data indicating atmospheric humidity and cirrus clouds are not increasing in the manner predicted by alarmist computer models. The Terra satellite data also support data collected by NASA’s ERBS satellite showing far more longwave radiation (and thus, heat) escaped into space between 1985 and 1999 than alarmist computer models had predicted. Together, the NASA ERBS and Terra satellite data show that for 25 years and counting, carbon dioxide emissions have directly and indirectly trapped far less heat than alarmist computer models have predicted.

In short, the central premise of alarmist global warming theory is that carbon dioxide emissions should be directly and indirectly trapping a certain amount of heat in the earth’s atmosphere and preventing it from escaping into space. Real-world measurements, however, show far less heat is being trapped in the earth’s atmosphere than the alarmist computer models predict, and far more heat is escaping into space than the alarmist computer models predict.

When objective NASA satellite data, reported in a peer-reviewed scientific journal, show a “huge discrepancy” between alarmist climate models and real-world facts, climate scientists, the media and our elected officials would be wise to take notice. Whether or not they do so will tell us a great deal about how honest the purveyors of global warming alarmism truly are.

James M. Taylor is senior fellow for environment policy at The Heartland Institute and managing editor of Environment & Climate News.

h1

THE COMING TAXES THAT WILL MAKE THE U.S. THE NEW ARGENTINA

July 20, 2011

The tax kikes that Obama wants is just what is going to happen but far worse, the bush tax rates will roll back to clinton era tax rates and then the Hidden taxes kick in and those are the Obama Care taxes aka the IMT.

Individual Mandate Tax are as follows:

1 Adult        2 Adults          3+ Adults
2014      1% AGI/$95 1% AGI/$190   1% AGI/$285

2015   2% AGI/$325  2% AGI/$650   2% AGI/$975

2016 +  2.5% AGI/$695  2.5% AGI/$1390  2.5% AGI/$2085

this doesn’t include Employer tax Mandates:
Employer Mandate Tax(Jan 2014):  If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees.  This provision applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).


Combined score of all individual and employer mandate tax penalty: $65 billion/10 years

Surtax on Investment Income his increase involves the creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single).



  Capital Gains Dividends Other

2010-2012              15%                       15%                  35%

2013+ (current law)      23.8%                        43.4%                43.4%

2013+ (Obama budget)     23.8%                    23.8%                43.4%

Illegal aliens do not have to pay any taxes under Obamacare

Hike in Medicare Payroll Tax($86.8 bil/Jan 2013): Current law and changes
First $200,000                          All Remaining Wages
($250,000 Married)                   Employer/Employee
Employer/Employee

Current Law              1.45%/1.45%                               1.45%/1.45%
2.9% self-employed                   2.9% self-employed

Obamacare Tax Hike   1.45%/1.45%                                 1.45%/2.35%
2.9% self-employed                 3.8% self-employed

Medicine Cabinet Tax($5 bil/Jan 2011)
this means that health savings accounts are a thing of the past and so are flexible spending account, and are health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin)

HSA Withdrawal Tax Hike($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Flexible Spending Account Cap – aka“Special Needs Kids Tax”($13 bil/Jan 2013): Imposes cap of $2500 (Indexed to inflation after 2013) on FSAs (now unlimited). . There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.  There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.  Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education.

Tax on Medical Device Manufacturers($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax.  Exemptions include items retailing for less than $100.

Raise “Haircut” for Medical Itemized Deduction from 7.5% to 10% of AGI($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI).  The new provision imposes a threshold of 10 percent of AGI; it is waived for 65+ taxpayers in 2013-2016 only.

Tax on Indoor Tanning Services($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons

Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D($4.5 bil/Jan 2013)

Blue Cross/Blue Shield Tax Hike($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services

Excise Tax on Charitable Hospitals(Min$/immediate): $50,000 per hospital if they fail to meet new “community health assessment needs,” “financial assistance,” and “billing and collection” rules set by HHS

Tax on Innovator Drug Companies($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year.

Tax on Health Insurers($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. The stipulation phases in gradually until 2018, and is fully-imposed on firms with $50 million in profits.

$500,000 Annual Executive Compensation Limit for Health Insurance Executives($0.6 bil/Jan 2013)

Employer Reporting of Insurance on W-2(Min$/Jan 2011): Preamble to taxing health benefits on individual tax returns.

Corporate 1099-MISC Information Reporting($17.1 bil/Jan 2012): Requires businesses to send 1099-MISC information tax forms to corporations (currently limited to individuals), a huge compliance burden for small employers

“Black liquor” tax hike(Tax hike of $23.6 billion).  This is a tax increase on a type of bio-fuel.

Codification of the “economic substance doctrine”(Tax hike of $4.5 billion).  This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed