THE LAME DUCK SESSION — HUGE TAX INCREASES COMING SOON


Mid Term Election Hopes

As we approach the midterm elections, there is great anticipation that the Republicans will win a significant majority in the House of Representatives and will substantially increase their strength in the Senate.  That will mark a new era in American politics, where we hope the tide of Socialism will start to be rolled back. 

Does anyone remember Barak Obama’s famous quote on the day he clinched the Democrat nomination for President on June 3, 2008.  In a moment of monumental arrogance, he said at that time –this was the moment when the rise of the oceans began to slow and our planet began to heal”.  Let’s hope that on November 3, 2010 Republican leaders can express a sentiment that “this was the day our nation began the long journey back to fiscal stability, free market capitalism and rise of socialism in America began to subside”.

Will the Lame Duck Session of Congress Increase Our Taxes?

No matter how large the Republican win turns out on Nov. 2, there is still the dreaded lame duck session of Congress, which will commence shortly after the election is over.  Unfortunately, the session will be run by the same Democrats who have legislated or voted for almost a trillion dollars of TARP, an $869 Billion stimulus package, a huge Cap and Trader bill, the much maligned and costly Obamacare bill, the 50 billion dollar public union payback bill among other big government spending and control bills.

Every losing Democrat will be in a position to pass the liberal and socialist legislation that they were afraid to tackle before the elections, for fear of losing even more seats.  The big question is – will current sitting Democrats listen to the voters or be driven by their own far left agenda to pass those spending, tax and other bills that have been on their list for a long time.

One of the most serious items that will be taken up by the lame duck Congress is the subject of taxes.  Will they choose to maintain the current tax rates and laws by extending the Bush tax cuts either temporarily or permanently?  Or, will they modify the Bush tax cuts and implement their class warfare ideas of increasing “taxes for the rich”.  A third option, which is possible, is to do nothing by allowing the Bush tax cuts to expire, and increase substantially everyone’s taxes.

These new tax increases will be massive.  To find out just how bad these will be, an article written by Americans for Tax Reform (ATR) spells out the huge tax increases we will all face, starting in January 1, 2011.  Some of the highlights of this article are:

Personal Tax Rates will rise:

The 10% bracket rises to 15%

- The 25% bracket rises to 28%

- The 28% bracket rises to 31%

- The 33% bracket rises to 36%

- The 35% bracket rises to 39.6%

Other tax rates that will rise include the ‘marriage penalty’, the death tax and more taxes on savers and investors.  You can check out the ATR article “100 Days to Go Until
The Largest Tax Hikes in History
”.

What Can be Done about the Lame Duck Session of Congress

I have no idea on how we can stop Democrats for performing massive mischief during the Lame Duck session.  Many losing Democrats will be very bitter about losing and may be willing to do Obama’s bidding.  They will be further motivated by offers of jobs in the current administration.  Other Democrats may have some degree of patriotism and decency and actually listen to the voting public and some may even harbor hopes of running for office again at a future date.  And other Democrats may not even show up. 

It’s very hard to predict what will happen.  It’s also very difficult to suggest a course of action for Republicans.  Possibly, the minority Republicans participating in the Lame Duck session may be able to impress upon the majority Democrats that life will become very difficult for them after Jan. 2, 2011 if they do not act in a fair and responsible manner.  We can only hope!


Democrats Shoot Blanks in the Dakotas


With no Governor’s race, all eyes are focused on the Senate race in North Dakota which, in the end, is no “race” at all.  Popular former Governor John Hoeven is the next Republican Senator from North Dakota!  In essence, the Democrats conceded the seat the day Byron Dorgan announced his intentions to retire from the Senate.  Whether that decision was motivated by a possible loss to Hoeven or not remains to be revealed.  In fact, Hoeven is a 47 point favorite in polling thus far against Tracy Potter.  Nothing against Potter, but the race is so decided that it is unnecessary to see where Potter is on the issues.

Something needs to be mentioned here.  While the Democratic Party and their liberal allies in the media mulls over the TEA Party and its influence in the Republican Party seeing bogey men behind every tree, they ignore a more obvious and tangible fact.  In this electoral cycle, there is no doubt that the TEA Party has had influence in some high profile instances.  Their victories in Utah, Nevada, Alaska, Delaware and Wisconsin are remarkable events.  But, not all TEA Party supported or aligned candidates have prevailed at the polls in the primaries.  Although the successes thus far are impressive, the fact is that they are not batting a thousand.  And whether their influence translates into Republican gains come November 2nd remains to be seen.  For example, Angle and O’Donnell were certainly NOT the strongest, most electable choices for Republicans.  It took Ken Buck some time to gain traction in Colorado and their support of Maes in Colorado has been a disaster thus far.

What I see as the most tangible event of this election cycle is the decisions by strong Democratic incumbents like Byron Dorgan in North Dakota and Evan Bayh in indiana to decide to retire rather than campaign on their records.  Bayh, in all likelihood would have won re-election.  A Dorgan-Hoeven match up would have been great and  certainly a referendum on Obama policies.  In essence, their decisions to retire basically handed two Senate seats to the Republicans before any campaigning began.  And that is not even mentioning the numerous Democratic incumbent Representatives who decided to retire rather than face likely defeats at the polls.  Yet, the liberal media is focused on the TEA Party and the Republicans rather than abject resignation to political reality in the Democratic Party.

In the at-large North Dakota Congressional seat, incumbent Democrat Earl Pomeroy, who has held the seat since 1993, trails Rick Berg in the polls by an average of 6 points.  Pomeroy has faced some close calls in past elections and should he somehow prevail in 2010, it may just be his cloest defense of the seat to date.  It is very doubtful given some of his positions.  He voted for Obamacare carrying forth the Democratic “It’s not perfect, but it’s something” mantra and apology.  He voted against the successful Iraqi troop surge.  He once characterized Bush as a “clown” and once stated “I cannot stand George Bush,” which in my book is more disrespectful than someone yelling “You Lie!”  Given the anti-incumbent sentiment in America today, North Dakota is not spared that reality.  Additionally, the top-down voter behavior (Hoeven will win in a landslide) adds about another 4-5 points for Berg in my book.  Despite holding the seat for 18 years, North Dakota will revert to its true red status in 2010 and they can thank Nancy Pelosi and Barack Obama for that.

In South Dakota, incumbent Republican Governor Mike Rounds is term-limited.  Dennis Daugaard leads Scott Heidepriem by 19 points and the Governor’s office will remain in Republican hands in 2010.

Likewise, John Thune is the winner of the Senate seat up for grabs this year. having no opposition on the ballot from the Democrats.  They would have loved to exact revenge on Thune for his narrow defeat of Tom Daschle six years ago, but not this year!  In effect, in another Dakota, the Democratic Party threw in the proverbial towel.

Thus the only drama on Election Day in South Dakota will involve their At-Large Congressional seat- basically another statewide race.  The seat is currently held by Democratic incumbent Stephanie Herseth-Sandlin.  She faces perhaps her most serious challenger yet in Kristi Noem.  The albatross around the neck of Herseth-Sandlin is her vote in favor of the Obama stimulus.  And although she talks about her bipartisanship, given anti-incumbent sentiment, nothing is set in stone.  This may be one of those key Congressional races to watch come November 2nd to foretell how deep anti-incumbent sentiment truly runs and just how bad Democratic losses will be this year in the House races.  If she prevails over Noem, it will be a close victory.