THE DEMOCRATS' PLAN
Mr. Obama's Wealth Redistribution Agenda
Democrats Target Your 401k Retirement Plan with Taxes
"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 retirement plan and they are going for the kill.
Yes that's right, Liberals in government want to seize these assets for their own. 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."
Straight from the jackasses mouth, 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!"1
Democrats Target Your 401k Retirement Plan with Taxes
"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 retirement plan and they are going for the kill.
Yes that's right, Liberals in government want to seize these assets for their own. 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."
Straight from the jackasses mouth, 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!"1
posted by HeavyHanded at
7:13 PM
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