Why Fear an Obama Election Part B:

1. Union check-off elections. To “stop” employer intimidation in a secret ballot vote, monitored by government workers The Obama/ Democrats will now allow the vote on a post card, handed out by Union workers, collected by union workers, and handed in by union workers. Does this even pass the smell test?

2. Increase in Capital Gains Tax. The first effect of this will come as many long held family or closely held businesses sell out to avoid the increase. Then the simple economic formula of “capital creates jobs” will kick in... When there is less capital to invest there will be less jobs created. SPECIAL NOTE: Watch for the “bump” in capital gains tax revenue increase to be used as evidence that the increase in the rate won’t hurt. HMMM… but the increase will come on the old rate to get it in before the new rate kicks in.

3. Social Security turns into welfare: The “deal” on Social Security was between generations. You pay in for your grandfather and your grandchildren pay in for you. It was not meant to be a redistribution plan. All were in and all got a benefit. Over the years this lessened some as demographics changed and COLAs were introduced. Now Obama/Democrats want the “rich” to put more into now and get less later and not only that but also give a tax credit to low income workers for their social security contribution. BTW these low income workers pay no income tax now.

4. Cutting Taxes for 95% currently almost 40% pay no income tax now because of tax credits, the standard deduction/exemptions and the Earned-Income Tax Credit, basically a reverse tax that pays people in low income groups. Obama/democrats want to up this level to about 50%. So essential 50% of people who work will pay NO INCOME TAX AT ALL and in most cases actually get money from the government. Talk about class warfare!

5. Healthcare, Fairness Doctrine, Revenge on Bush.........All things the Obama Election will bring. It is a checklist. Print it out and check back in four years