Boyd's Play on Words

By Paul McKain, on Jan 9, 2010

I was recently interested to see the following press release on Rep. Boyd's website: "Boyd Supports Tax Relief for North Florida Families and Small Businesses."  It sounded nice - but a bit too good to be true - so I did a little research into the bill.  I'm disappointed, and sadly not surprised, to conclude that Rep. Boyd has misrepresented the facts in order to paint himself in a better light....

I never thought in my lifetime that I would see the Democratic Party, led by New York's 15th District Congressman Charlie Rangel, support the expiring Bush tax cuts.  It actually happened, just a few weeks ago.  Democrats supported Bush - or did they?

 

They must have, because support for continuing the cuts actually went through the Democrat-controlled House of Representative and the Senate in two days.  When was the last time anything went through the House and Senate in two days?

 

Being a conservative, at first blush I would have to be ecstatic about this!  Let's face it: if you want to kick-start the economy, give the People and businesses/corporations more of their money to create jobs.  It is simply Economics 101.

 

Until closer inspection...wait...Charlie Rangel brought the bill to the floor.  This man has never seen a tax cut he liked.  So why the sudden change of heart.  Then...oh no...another red flag.  When the vote was taken in the respective houses, the yays and nays were pretty much split down the party lines.  Democrats voted for the tax cuts, and Republicans against the tax cuts?  Huh?

 

So I read the bill.  It looked rather benign and acceptable - until you reached the last portion.  Obviously the Republicans must have read the bill, and either the Democrats just voted with their party or just never took Economics 101.  Based on the fact that is was rushed through Congress, I believe both statements about the Democratic elite must be true.

 

Under the original Bush tax cuts, in 2014, corporations with an excess of $1 billion in assets (not profits, but assets) were scheduled to be hit with a tax increase of .25%.  This is quite a lot of money, when it's based on whatever profits corporations of that size would likely post.  In this waning economy, it could cost some jobs while these corporations try and recoup their lost revenue.

 

But wait - Charlie Rangel changed the tax burden on these corporations.  With this new bill, that just passed in the House and Senate, and included a vote of "yay" from our very own Rep. Allen Boyd, they now have to pay 25.6% more in taxes than last year.

 

Now before anyone says, "Who care? They're big corporations, and can afford higher taxes," remember that big corporations grew over many years, and sometimes generations, from what were once small companies.  Big corporations are the long-labor of successful business practices, and great assets and profits are the fruit of that labor.  To punish success is to discourage it - and why would America want to discourage enterprise and success?

 

Obviously, Rangel, Boyd, and others who voted for this bill know nothing about job creation.  What large corporation's Board of Directors would want to pay a tax increase of 25.6%?  They will be looking to relocate to another country, and with them, go the jobs they create.  Who could blame them!

 

People of America, if you wish to save the economy and the very foundation of our society, these money-hungry politicians must be removed from office.  Increase their tax burden by 25.6%, and see how fast they start crying foul!  It is your jobs that Congressmen like Charlie Rangel and Allen Boyd are chasing out of the country - and then calling it "tax relief."

I love the way you explain what is actually going on and leaving out all the political jargon.  Keep up the good work.

I love how you explain your point of view.  It is very clear and concise.

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