Your taxes will be going up soon
The way things are going, Hillary Clinton will be the Democratic Nominee for the Presidential Election. She is well in front of Obama and none of the other Democrat nominees have a chance to catch up.
Who will oppose her on the Republican side is still up in the air. But we do know that historically, the candidate who spends the most money campaigning wins the election. Hillary Clinton’s war chest is larger than any one elses at the moment.
If you go by that then Hillary will be the next president. What does this have to do with your taxes? Everything.
Under Bill Clinton, your taxes were the highest they have ever been. Hillary is just a female Bill Clinton.
She had her programs when her husband was in office she was trying to get support for and passed through Congress. Unfortunately for her Congress was mainly controlled by the Republicans at the time.
Now, however, with a Democrat majority in Congress her programs are more likely to get through. All of them involve spending more money.
There is no way that you can spend more money without increasing the debt and/or raising taxes.
While campaigning Senator Clinton proposed all new born children recieve $5000. That may not sound like a lot of money to you, but if you think about how many are born each year that adds up very fast. Over a billion dollars for her first term alone.
She also proposed that everyone get $1000 a year to contribute to a 401(k) type program. Is she saying that Social Security isn’t good enough? Apparently so. This program will also cost well into the billions every year.
Now her latest scheme is to expand the family medical leave act. While this might be a good idea(debatable), her proposal will cost an additional $26 Billion a year.
Overall, her programs will probably add an additional $700 Billion a year to our budget.
A spokesman for the Republican National Committee, Danny Diaz, criticized the proposal’s cost, saying, “Hillary Clinton’s agenda for working families is pretty clear: higher taxes to pay for outrageous spending proposals totaling more than $750 billion.” – New York Sun
Of course her programs will be funded by closing tax loop holes that you have been enjoying for the last few years.
A policy advisor to Mrs. Clinton, Brian Deese, said the proposal’s $1.75 billion-a-year cost would be covered by closing a loophole on tax shelters
I don’t know about you but that doesn’t quite add up. There is no way that Senator Clinton can do all of the programs she wants without raising your taxes. Just keep that in mind while you are thinking about who you are going to vote for.