“When I think about things when the lights are out and I’m tossing and turning in bed, it’s how do we make sure we fulfill the commitments to the American people that we’ve made throughout this campaign.” – President Elec. Barrack Obama
At the end of 2002, shareholder wealth stood at $10.075 trillion. After cutting the capital gains tax from 20% to 15% and the dividends tax from 38.1% to 15%, shareholder wealth grew all the way to a peak of $17.294 trillion in 2007. Estimates now put shareholder wealth at about $12 trillion.
So, when the Republican Congress cut investor tax rates, $7 trillion of shareholder wealth was created—a gain of 70 percent. When Pelosi, Reid, and Obama took over, $5 trillion of shareholder wealth was lost—a decline of 30%.
If you want your 401(k) or other retirement plans to grow, your best bet is a Republican Congress that will cut nest egg tax rates and keep them low. When Democrats are in charge, markets price in expected tax increases.
Obama needs to redistribute YOUR wealth to honor his Campaign Promises
The public outcry of real Americans like you and Joe the Plumber is finally getting some light shed on Mr. Obama’s wealth redistribution agenda supported by Socialist Democrats in Congress. The corrupt media can’t hide it any longer. The plan is to bring an end to the America we know and love; to bring an end to freedom and liberty.
They want total control of what you see, hear, think, and do. They will stop at nothing. NOW, they are aiming at your 401k and other retirement plans and they are going for the kill.
Democrats Target Your 401k Retirement Plan with Taxes
Yes that’s right, Liberals in government want to seize these assets for their own. Can you hear them laughing. Just look at what James Pethokoukis, the money and politics blogger for U.S. News & World Report has said:
In place of 401(k) plans, she would have workers transfer their dough into government-created “guaranteed retirement accounts” for every worker. The government would deposit $600 (inflation indexed) every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, said that since “the savings rate isn’t going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that’s not generating what we now say it should.”
The Democratic plan is to SIEZE your 401k and take $80 billion that is currently the property of American citizens. Effectively, this plan will end all of the incentives that the majority of Americans not only enjoy but rely on. I am sure you or someone you know takes advantage of their employer matching their 401k contribution. Under the iron fist of the Democratic empire your employer would no longer receive a tax benefit for matching your contribution, so they won’t do it. And you will lose half of your retirement contributions. And don’t forget, that you will lose your tax breaks from the 401k plan also, so you’d be paying the government to let you retire. Sounds like fun?
Don’t let the tyrannical rule of socialists take hold, put a stop to the unholy trinity of the Democrat controlled Senate and House and potential president Obama. Do not let Barrack Obama bring an end to this great country!
We need your help and your donations to win the fight for truth. Send this email to everyone you know and have this video viewed.
Mr. Obama has always been against an individuals’ right to control and spend their own savings. He has a narrow, selfish and myopic view of the world we live in and the idea that he can tax whatever he wants to whenever he wants to.
In 1981, President Reagan, a GOP Senate, and a working majority in the House pushed through cuts in the capital gains, dividends, and corporate tax rates. Shareholder wealth grew from $1.3 trillion at the beginning of 1981 to $3.4 trillion at the end of 1989.
In 1994, Republicans took over both Houses of Congress. Government spending restraint and a capital gains tax cut followed. Shareholder wealth grew from $5.7 trillion at the end of 1994 to $15.4 trillion at the end of 2000.
In 2001, Democrats took the Senate when Jim Jeffords switched parties. Shareholder wealth fell from $15.4 trillion at the end of 2000 to $10 trillion at the end of 2002—a nosedive of 50%.
In the 2002 elections, Republicans won back control of the Senate. In 2003, the capital gains tax was cut from 20% to 15%, and the dividends tax was cut from 38.1% to 15%. In 2004, they expanded their majorities in the House and Senate. Shareholder wealth grew from $10 trillion at the end of 2002 to $17 trillion at the end of 2006.
In the 2006 elections, Democrats took control of both sides of Capitol Hill. Shareholder wealth fell from $17 trillion to about $12 trillion today. Markets have priced in an anticipated capital gains and dividends tax hike.
The lesson is clear—Republican majorities in Congress create new tax cuts on shareholder wealth, and prevent tax hikes on shareholder wealth. This creates an environment where shareholder wealth goes up over time. Democrat majorities threaten shareholder wealth, and markets price in anticipated tax hikes.
The Obama-Biden campaign refused to answer real questions about the economy, tax increases and where the money would come to spend. They are unqualified and worried they cannot deliver on economic promises with their views and policies, and avoiding the real truth.
The media will continue to follow Obama the prince of spin down the economic road of ruin. We need you to see and hear the truth about an Obama economy. We need your help to keep the Democrats out of your 401K’s and other assets and mindlessly print, collect and spend your tax dollars.
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