Obama Says Taxes Must Rise

The Los Angeles Times just posted the following:

WASHINGTON – President Obama on Tuesday rejected a GOP offer for avoiding the so-called fiscal cliff and underscored his refusal to accept any deal that does not increase income tax rates for top earners…The White House has been holding to this line in the talks, although neither the president nor his aides have said how high an increase is needed. Income tax rates on all taxpayers are set to rise to Clinton-era levels at the end of the year, unless Congress and the White House agree to an alternative proposal. http://www.latimes.com/news/politics/la-pn-obama-rejects-fiscal-cliff-offer-20121204,0,3064040.story

Perhaps it should be noted that even if tax rates on wealthy Americans are not raised January 1, 2013, because of the Affordable Care Act (often referred to as Obamacare), taxes for that group are already going up on January 1, 2013. Apparently, President Obama does not feel that this is enough of an increase and wants the wealthy/high income earners to pay even more.

This should not come as a surprise as US President Obama has been calling for higher taxes on wealthier Americans for several years. He is sticking to his public statements on this.

Some people believe that taking more and more from those who produce more is fair; others consider that it is a form of greed and covetousness–especially at the rates that are used (higher income people not only are supposed to pay a higher amount of taxes, they are also to pay a much higher percentage of their income in taxes). Highest earners living in California and parts of New York, to cite two examples, already are expected to pay around 50% of their net earnings in income-based taxes. And the President wants that to be higher.

Of course, if all the income from the higher earners was taxed at 100%, most of the higher earners would stop working and the economy would collapse. Yet, if all still worked anyway and paid all their earnings in taxes, that would still not be close to eliminating the accumulating debt of the USA.

Debt is often caused by greed, and debt is very dangerous (Habakkuk 2:6-8). The USA will learn the full dangers of its economic policies in not too many years.

Some items of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Taxes What caused the descendants of Israel to pay taxes? Should Christians pay taxes?
Barack Obama, Prophecy, and the Destruction of the United States This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies?
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