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Wednesday, October 07, 2009
Troubling Deeds
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Dem VA Gubernatorial Candidate Bemoans Obama-Pelosi-Reid Policies Dragging Him Down, But He’s Following Their Lead
VA State Senator Creigh Deeds At Gubernatorial Candidate Forum Yesterday: “Frankly, a lot of what’s going on in Washington has made it very tough … We had a very tough August because people were just uncomfortable with the spending; they were uncomfortable with a lot of what was going on, a lot of the noise that was coming out of Washington, D.C.” (Jonathan Martin, “Deeds Points Finger At Washington,” Politico, 10/6/09)
SO WHICH OF THE DEMS’ JOB-KILLING POLICIES IS HURTING HIM THE MOST?
Is It Obama’s $787 Billion Economic Experiment That Has Failed To Stop Unemployment From Rising To 9.8 Percent? (U.S. Bureau of Labor Statistics, www.bls.gov, Accessed 10/2/09)
Is It The Obama-Pelosi-Reid Health Care Experiment That Includes Job-Killing Taxes On Small Businesses? OBAMA-REID JOB TAX: “The research and data on the devastating impact of an employer mandate is clear – it is a job killer … hardly what this country needs in these challenging economic times …” OBAMA-PELOSI SMALL BUSINESS SUCCESS TAX: “This [surtax] would hit job creators especially hard because more than six of every 10 who earn that much are small business owners, operators or investors, according to a 2007 Treasury study ... America’s successful small businesses would pay higher tax rates than the Fortune 500, and for that matter than most companies around the world ... “ (National Federation of Independent Business, “Health Reform Must Help, Not Harm Small Businesses,” Press Release, 6/10/09; Editorial, “The Small Business Surtax,” The Wall Street Journal, 7/14/09)
Is It The Obama-Pelosi-Reid National Energy Tax That Could Mean Nearly 1 Million Jobs Lost Per Year? “Overall, a cap-and-trade system that reduces annual GDP by 0.34 percent per year can be expected to reduce U.S. employment by roughly 964,900 jobs per year, reduce household earnings by $37.8 billion, and reduce total U.S. economic output by $136.1 billion.” (Andrew Chamberlain, “Who Pays For Climate Policy? New Estimates Of The Household Burden And Economic Impact Of A U.S. Cap-And-Trade System,” Tax Foundation, 3/09)
Is It The Obama-Pelosi-Reid “Employee Free Choice Act” That Will Increase Unemployment Rate By 1% For Every 3% Gained In Union Membership? “The precise effect on unemployment will depend on the degree to which EFCA increases union density, but for every 3 percentage points gained in union membership through card checks and mandatory arbitration, the following year’s unemployment rate is predicted to increase by 1 percentage point and job creation is predicted to fall by around 1.5 million jobs.” (Anne Layne-Farrar, “An Empirical Assessment of the Employee Free Choice Act: The Economic Implications,” SSRN.com, 3/4/09)
NO WONDER POLLS ON CONGRESSIONAL BALLOT TIGHTENING
New Gallup Poll Has Democrats And Republicans Nearly Tied In A Generic Ballot. “Roughly a year before the 2010 midterm elections, Gallup finds the Republican and Democratic Parties nearly tied in the congressional ballot preferences of registered voters. Forty-six percent of registered voters say they would vote for the Democrat and 44% say the Republican when asked which party’s candidate they would support for Congress, if the election were held today.” (Lydia Saad, “Parties Nearly Tied For Congress In 2010,” Gallup, 10/7/09)
MOST TROUBLING FOR DEEDS? HIS POLICIES LOOK A LOT LIKE NATIONAL DEMS’ PLANS, COULD COST VIRGINIA FAMILIES OVER $7800 OVER NEXT FOUR YEARS
“Deeds Has Unequivocally Committed Himself To Higher Taxes.” (Editorial, “Honesty On Transportation,” The Washington Post, 9/24/09)
Willing To Hike Taxes To Pay For Transportation, Deeds Would Need 20 Cent Per Gallon Tax Increase For $1 Billion Proposal. “Deeds said that the state must find $1 billion in new, annual revenues to pay for transportation … In a conversation with reporters after his speech, Deeds said he would consider tolls or a gasoline tax increase.” (Mason Adams, “Candidates For Governor Stop In Roanoke,” The Roanoke Times, 9/19/09; Virginia Motor Fuels Tax Revenue Analysis, 10/1/09)
- That Could Cost $1000 Over Next 4 Years For Average Virginia Household With 2 Cars. (Virginia Motor Fuels Tax Revenue Analysis, 10/1/09)
Deeds Signed Onto Gov. Tim Kaine’s (D-VA) Call To Congress To Establish “Mandatory Economy-Wide Cap And Trade Program.” “As a member of Gov. Kaine’s Climate Change commission, I have endorsed the many measures undertaken through our work;” “The Governor should ask Congress to act as soon as possible to pass comprehensive climate change legislation that includes the following key provisions: Establishes a mandatory economy-wide cap and trade program to reduce greenhouse gas emissions …” (R. Creigh Deeds, Sierra Club Survey - Virginia’s 2009 Democratic Gubernatorial Candidates, 2009; Governor’s Commission On Climate Change, “Final Report: A Climate Change Action Plan“, 12/15/08)
- That Could Cost Up To $1,761 Per Year, $6800 Over Next 4 Years, For Average Virginia Household. “The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent ... the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.” (Dean McCullagh, “Cap-And-Trade Redux: $1,761 Annually Per Family? Or Not?” CBS News’ “Taking Liberties” Blog, 9/16/09)
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