Sign the petition [see below] to defend Israel & stop this nomination today. Jay Sekulow ,ACLJ Chief Counsel http://aclj.org/israel/stop-president-obama-anti-israel-nomination
A SPECIAL NOTE: TODAY marks 12 days before the 40th anniversary of the infamous Roe v. Wade decision that spearheaded the legalizaion of the abortion of the unborn in America. I am in the midst of a 40 day period of prayer and (limited) fasting to honor the memory of the over 55 million ! unborn that have been murdered and the tens of millions of their mothers, fathers, and siblings who have been victimized by this great American Holocaust.
CHALLENGE: This Sunday, ask your pastor that as a pro-life church (which I trust yours describes itself), how will they recognize Sanctity of Human Life Sunday on Jan. 20th as will thousands of other pro-life churches in America. If he says he has no plans to do so, ask him why not. I'd love to hear the response you get.
PLEASE PRAY: 1.) For the girls/women each day contemplating an abortion; the abortionists and their staff; the crisis pregnancy centers seeking to serve the women facing unplanned pregnancies. 2) For the passage of even more state laws that will effectively help to limit the number of abortions being performed. 3.)The defunding of Planned Parenthood that performs over 300,000 abortions (about 1/3 the toal) for profit and still receives almost 1/2 billion dollars in federal tax dollars. 4.) That one day America might finally pass a constitutional amendment promoting the Sanctity of Every Human Life - in effect oulawing both abortion and euthanasia. 5) For churches/Christians being pro-life- not just claiming to be but demonstrating it conclusively by their actiions.
NOTE: You've been told taxes were going to increase as this year began. Well, here's a summary of what kicked in. To those who somehow believed the President's campaign rhetoric that he would not be a part of raising taxes on middle-income Americans, SURPRISE!"13 Tax Increases in 2013," by Curtis Dubay On January 8, 2013
New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in.
The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases.Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day.
13 Tax Increases That Started January 1, 2013
Tax increases the fiscal cliff deal allowed:
1. Payroll tax: increase in the Social Security portion of the payroll tax [1] from 4.2 percent to 6.2 percent for workers. This hits all Americans earning a paycheck—not just the “wealthy.” For example, The Wall Street Journal calculated that the “typical U.S. family earning $50,000 a year” will lose “an annual income boost of $1,000 [2].”
2. Top marginal tax rate: increase from 35 percent to 39.6 percent [3] for taxable incomes over $450,000 ($400,000 for single filers).
3. Phase out of personal exemptions for adjusted gross income (AGI) over $300,000 ($250,000 for single filers).
4. Phase down of itemized deductions for AGI over $300,000 ($250,000 for single filers).
5. Tax rates on investment: increase in the rate on dividends and capital gains [4] from 15 percent to 20 percent for taxable incomes over $450,000 ($400,000 for single filers).
6. Death tax: increase in the rate (on estates [5] larger than $5 million) from 35 percent to 40 percent.
7. Taxes on business investment: expiration of full expensing—the immediate deduction of capital purchases [6] by businesses.
Obamacare tax increases that took effect:
8. Another investment tax increase: 3.8 percent surtax on investment income [7] for taxpayers with taxable income exceeding $250,000 ($200,000 for singles).
9. Another payroll tax hike: 0.9 percent increase in the Hospital Insurance portion of the payroll tax [8] for incomes over $250,000 ($200,000 for single filers).
10. Medical device tax: 2.3 percent excise tax paid by medical device [9] manufacturers and importers on all their sales.
11. Reducing the income tax deduction for individuals’ medical expenses [10].
12. Elimination of the corporate income tax deduction for expenses related to the Medicare Part D subsidy [11].
13. Limitation of the corporate income tax deduction for compensation that health insurance companies [11] pay to their executives.
Each of these 13 tax increases will slow the economy, meaning that businesses will create fewer jobs. Fewer jobs will make it even more difficult to land a job than it already is for the more than 12 million Americans looking for work.
President Obama demanded these higher taxes. Obama’s tax increases, in Obamacare and through the fiscal cliff deal, will not curb deficits and debt, because growing spending is driving America’s budget crisis. Congress needs to immediately turn its attention to the actual cause of our deficit and debt problem: too much spending. The proper way to address this problem is through reforms to entitlement programs [12].
President Obama promised the American people a “balanced approach” of tax increases and spending cuts to reduce deficits and debt. He has achieved the tax increase portion of that approach. Now Congress needs to force him to follow through on the spending cuts portion.
[items in bold AND italics emphasis mine]
[13]
13 Tax Increases That Started January 1, 2013
Tax increases the fiscal cliff deal allowed:
1. Payroll tax: increase in the Social Security portion of the payroll tax [1] from 4.2 percent to 6.2 percent for workers. This hits all Americans earning a paycheck—not just the “wealthy.” For example, The Wall Street Journal calculated that the “typical U.S. family earning $50,000 a year” will lose “an annual income boost of $1,000 [2].”
2. Top marginal tax rate: increase from 35 percent to 39.6 percent [3] for taxable incomes over $450,000 ($400,000 for single filers).
3. Phase out of personal exemptions for adjusted gross income (AGI) over $300,000 ($250,000 for single filers).
4. Phase down of itemized deductions for AGI over $300,000 ($250,000 for single filers).
5. Tax rates on investment: increase in the rate on dividends and capital gains [4] from 15 percent to 20 percent for taxable incomes over $450,000 ($400,000 for single filers).
6. Death tax: increase in the rate (on estates [5] larger than $5 million) from 35 percent to 40 percent.
7. Taxes on business investment: expiration of full expensing—the immediate deduction of capital purchases [6] by businesses.
Obamacare tax increases that took effect:
8. Another investment tax increase: 3.8 percent surtax on investment income [7] for taxpayers with taxable income exceeding $250,000 ($200,000 for singles).
9. Another payroll tax hike: 0.9 percent increase in the Hospital Insurance portion of the payroll tax [8] for incomes over $250,000 ($200,000 for single filers).
10. Medical device tax: 2.3 percent excise tax paid by medical device [9] manufacturers and importers on all their sales.
11. Reducing the income tax deduction for individuals’ medical expenses [10].
12. Elimination of the corporate income tax deduction for expenses related to the Medicare Part D subsidy [11].
13. Limitation of the corporate income tax deduction for compensation that health insurance companies [11] pay to their executives.
Each of these 13 tax increases will slow the economy, meaning that businesses will create fewer jobs. Fewer jobs will make it even more difficult to land a job than it already is for the more than 12 million Americans looking for work.
President Obama demanded these higher taxes. Obama’s tax increases, in Obamacare and through the fiscal cliff deal, will not curb deficits and debt, because growing spending is driving America’s budget crisis. Congress needs to immediately turn its attention to the actual cause of our deficit and debt problem: too much spending. The proper way to address this problem is through reforms to entitlement programs [12].
President Obama promised the American people a “balanced approach” of tax increases and spending cuts to reduce deficits and debt. He has achieved the tax increase portion of that approach. Now Congress needs to force him to follow through on the spending cuts portion.
[items in bold AND italics emphasis mine]
[13]Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org;URL
to article: http://blog.heritage.org/2013/01/08/tax-changes-2013/
URLs in this post:
[1] Social Security portion of the payroll tax: http://www.heritage.org/research/reports/2012/06/what-is-payroll-tax-hike-four-basic-facts
[2] annual income boost of $1,000: http://blogs.wsj.com/economics/2013/01/01/payroll-tax-cut-expires-how-much-more-will-you-pay/
[3] 35 percent to 39.6 percent: http://blog.heritage.org/2013/01/01/congressional-budget-office-shows-senate-bill-is-600-billion-tax-hike/
[4] dividends and capital gains: https://webmail.heritage.org/owa/redir.aspx?C=a9673a4ad24e44caabb08ac11a4ed28b&URL=http%3a%2f%2fwww.heritage.org%2fresearch%2freports%2f2012%2f07%2ftop-5-reasons-taxmageddon-is-destroying-jobs
[5] estates: http://www.heritage.org/research/reports/2010/07/the-economic-case-against-the-death-tax
[6] deduction of capital purchases: http://www.candidatebriefing.com/taxes/
[7] investment income: http://blog.heritage.org/2012/12/06/obamas-dirty-little-tax-secret-hes-already-raised-taxes-on-the-rich-chart/
[8] Hospital Insurance portion of the payroll tax: http://www.heritage.org/research/reports/2011/01/obamacare-and-new-taxes-destroying-jobs-and-the-economy
[9] medical device: http://blog.heritage.org/2012/12/18/medical-device-tax-is-latest-proof-that-taxes-matter/
[10] for individuals’ medical expenses: http://blog.heritage.org/2012/04/18/top-10-most-expensive-obamacare-taxes-and-fees/
[11] Medicare Part D subsidy: http://www.heritage.org/research/reports/2012/06/delaying-obamacare-tax-increases-key-part-of-stopping-taxmageddon
[12] through reforms to entitlement programs: http://www.heritage.org/research/reports/2012/11/six-bipartisan-entitlement-reforms-to-solve-the-real-fiscal-crisis-only-presidential-leadership-is-needed
[13] Image: http://www.morningbell.org
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