Unless Congress takes action in the lame duck session, the tax cuts passed under the previous administration will expire. That means all Americans who make enough money to pay income tax will see their taxes go up in 2011. In fact, those in the lowest bracket (10%) will see their federal taxes go up to 15%, a 50% increase.
So, do you have the extra money? Will this affect your cash flow? Your ability to save or invest? Now, ask yourself the following question: do you really think that Mark Dayton is going to be able to close the budget gap his proposals engender without clawing after your wallet? Really?
One last question: how well do you suppose that a guy who was treated for mental illness within the last five years will handle the stress of being governor?
You might really want to think hard about that last question. Just sayin'.
No comments:
Post a Comment