How Obama Will Pay For His Plan For Free Community College

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Obama's Tax PlanWell, this didn’t take long and certainly comes as no surprise. That is especially true if you have paid attention to how President Obama has conducted business during the first six years of his administration. He has acted like a typical liberal. When it doubt, always raise taxes. Never cut spending, never cut waste, always, always raise taxes. And that is exactly what he is planning to attempt in the last two years of his presidency. Do you remember his proposal for free community college for anyone who is willing to work for it? He actually described it as a right. Well, we now know how he plans to pay for the free part. Yep, you guessed it. He wants to raise taxes.

Fox News – President Obama plans to call for billions in tax increases on top earners – including a hike in investment tax rates — in order to fund new tax credits and other measures the White House claims will help the middle class.

The president’s proposals, which also include eliminating a tax break on inheritances, are likely to be cheered by the Democratic Party’s liberal base when they are announced Tuesday night in his State of the Union address. However, the tax increases are all but certain to be non-starters with the new Republican majority on Capitol Hill.

The president’s address — his first to a Republican-led Congress — will call for $320 billion in tax increases over 10 years. Aside from funding new tax credits including a tax credit for working families and expanding the child care tax credit, the White House says that money would go to funding measures to make college more affordable and accessible, including the president’s recently announced plan to make community college free for many students.

The centerpiece of the president’s tax proposal is an increase in the capital gains and dividends rate on couples making more than $500,000 per year to 28 percent, the same level as under President Ronald Reagan. The top capital gains rate has already been raised from 15 percent to 23.8 percent during Obama’s presidency.

As I said in my opening paragraph, we should not be surprised to see this new proposal to raise taxes even more than they already are. Whenever liberals want something new, they always want to pay for it by raising taxes on the “top earners” in America. I am sick of hearing that nonsense.

I believe the simple theme of common sense escapes most, if not all liberals, President Obama among them. They simply can not grasp the concept of the domino effect they start in motion by raising taxes on the people who make the most money in America. Many of these people have worked hard all their lives to accumulate the wealth they have. Raising taxes on their income punishes them for that hard work.

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These people then invest the money they have made, thereby helping other businesses grow and prosper. If they have chosen the right investments, they get a return on that investment, ie. a profit. That profit is then taxed and at a higher rate than the original taxes on the investment. Their ability to choose the right investment is thereby punished.

The people in the group classified as the “top earners” then go the way of all human beings and pass from this earth. In their will, they have stipulated how they want their savings to be distributed. Some of them give most of it to charity, but some decide to leave it to their children, to be spent as wisely as possible. The money and property in their estate is then taxed again, which is known as the death tax.

So, the “top earners” in America are taxed until kingdom comes and then some, literally. At every point in their lives, their hard work and ability to save and prosper is punished by taxing them to death and after. And you can be sure he will portray this as a way to help the middle class. He will propose to cut taxes on the middle class and pay for those tax cuts by taxing the rich. He just doesn’t grasp the fact that raising taxes on the rich will, in effect, raise taxes on everyone else. Or maybe he does grasp that fact, but is just intent on selling this as a boon to the middle class and hopes enough Americans fail to catch his drift. Unfortunately, he may have already won that particular war of words.

Here are some of the ways President Obama says he wants to use the money the tax increases will raise.

  • A credit of up to $500 for families in which both spouses work. The administration says 24 million couples would benefit from the proposal, which would apply to families with annual income up to $210,000.
  • Expanding the child care tax credit to up to $3,000 per child under age 5. The administration says the proposal would help more than 5 million families with the cost of child care.
  • Overhauling the education tax system by consolidating six provisions into two, a move that could cut taxes for 8.5 million families.

That all sounds wonderful, if you are of the opinion that money should be taken from one group of Americans, ie. the “top earners”, and given to another group of Americans. When you boil it all down to the basics, however, it is nothing more than class warfare, ie. taking from the rich and giving to the poor or middle class. That is not a concept on which America was founded, but it is a concept that is most certainly in effect in modern America. That is a sad commentary on how far down this path we have gone.

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Obama Proposes Free Community College, Says It Is A Right

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Free Community College

First, we had the classification of health care as a right. How many times have we heard that broken mantra from the left, saying it should be guaranteed? Too many to count. To make sure that right was guaranteed, President Obama and his friends on the left shoved ObamaCare down our throats. It was something that most Americans neither wanted or needed, but we have it, regardless. To describe how it is “working”, or not, would take several thousand words. Isn’t that just grand? A new government program that guarantees all Americans receive health care. Or so we are told and never mind the higher costs involved for everyone who pays taxes and works for a living.

If that isn’t enough of a slap in the face, did you realize there is a new “right” in the process of being manufactured? As many of you will know by now, President Obama has announced a new federal program that will be designed to provide two years of free community college to anyone who is willing to work for it. Working for it is being described as anyone who has a 2.5 GPA and making steady progress towards a degree. Here is how President Obama described it in his remarks.

White House – So today I’m announcing an ambitious new plan to bring down the cost of community college tuition in America.  I want to bring it down to zero.  We’re going to — I want to make it free.   I want to make it free.  Community colleges should be free for those willing to work for it — because in America, a quality education cannot be a privilege that is reserved for a few.  I think it’s a right for everybody who’s willing to work for it.

First of all, how many more “rights” will be manufactured before we realize we simply can not afford them all? It is ludicrous, both on the surface and when that surface layer is peeled away. One glaring question begs to be answered. Who is going to pay for these free years of community college? Obama wants the federal government to pay for 75%, with states picking up the tab for the other 25%. If you can’t translate that on your own, that means the American taxpayer will be paying the bill, if America isn’t fully bankrupt by the time the bill comes due. Do we not have the responsibility of realizing we can not continue spending money, hand over fist, just because we think these “rights” have to be fulfilled? When will enough be enough?

I have spent much of the morning reading about the new proposal, both news articles and the comments made on those articles. The first argument liberals are using is that it is a Republican idea, so why are we opposing it when President Obama decides to endorse it. They are basing this off the fact that the state of Tennessee has their own program that covers this. Here are the details.

Fox News – Last year, Tennessee Gov. Bill Haslam signed into law a scholarship program that provides free community and technical college tuition for two years to the state’s high school graduates. About 58,000 of the state’s roughly 62,000 seniors have applied to participate this fall.

The similarities between the Tennessee Promise program and Obama’s plan end here. Tennessee is paying for their program with funds from the state lottery. The funding for the new federal plan has not been announced, with the Obama camp saying more details will be included in their upcoming budget. And just because it works in Tennessee, doesn’t mean it needs to be applied by the federal government, across the board to all 50 states. So, as a way of preempting the argument that we are against the program because Obama is for it, that doesn’t hold water with me. The federal government is already involved far too much in education in America. The last thing we need is another federal mandate that allows them to dig their claws in even deeper.

All the while, government spending continues to grow…

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