Tax Everything & Still Not Enough For Government

New taxes coming our way start with the repeal of the Bush tax cuts. Besides increases in capital gains, taxes on dividend income, and general tax rates, every level of government is eying our money so they do not have to shrink their inefficient empires.

Cap and Trade will increase utility bills by 25%!!! Obama can regulate utility emissions and improve air quality without the cost of carbon taxation, but that isn't the direction he's headed. Who gets hurt here? The middle class as the poor already get help with utility bills.

A comprehensive health care plan with universal coverage will be funded by eliminating the deductibility of health insurance by business and the taxation of any health benefits provided as income to the individual. The result will be less employer sponsored health plans and more people in competing government plans. Taxes will go up on the employed to fund the health of the underemployed.

A federal value added tax is being discussed by Democrats as are specific taxes on sodas and other "unhealthy" food products. Federal and state gas taxes are under serious consideration for substantial increases as many view higher gas prices as not only a way to reduce driving and help the environment, but as a huge potential source of funds.

My fingers are getting tired, but I could go on for quite awhile longer on likely tax increases. The worst gambit is Pay/Go which will require new taxes to pay for all of Obama's spending, but only AFTER he has spent it!! It legitimizes taxation on economic grounds.

America we need to start shouting to local, state, and national elected officials that we've had enough. They have enough money and we can not afford to send more without bankrupting the future of our children.