Taxes were just increased (and no one noticed)



Just drop your pants, bend over and spread those cheeks.
To help pay for the payroll tax holiday both Socialist political parties voted for a brand new tax to be levied on home loans.  This Xmas present proves Democrats are tax whores and "small government" Republicans are liars.



Totally Fucked!  -  Democrats and Republicans joined together to slap a brand new $4,000 tax on buying a home. 

• "Atrocious public policy"  -  Republican Congressman Tom McClintock

By Gary;

Funny how this works.  In what should be front page news a bi-partisan tax increase is hidden in the business section of my newspaper.

Big Government, high tax Democrats pass a brand new tax on people who want to buy a home with the help of so-called "small government" anti-tax Republicans.  So the morons in the GOP voted to TAX home buyers looking to stimulate the economy in order to buy votes from a larger group of voters who now do not to have to pay any taxes at all.

From each according to his ability, to each according to his needs.  Just bend over taxpayer and be grateful we did not fuck you over and take everything you own.

Congressman Tom McClintock
strongly opposed this new tax.

To pay for the two-month payroll tax cut, a fee will be levied for a decade on all mortgages sold to Fannie Mae and Freddie Mac.

The payroll tax cut extends for only two months, a fee on loan amounts will be levied for a decade on all mortgages sold to housing finance giants Fannie Mae and Freddie Mac, which control about 60% of the nation's mortgage market.

Based on prevailing rates for a 30-year fixed-rate loan, a homeowner borrowing $200,000 would pay about $4,000 more over the life of the loan if the loan were sold to Fannie or Freddie reports the Los Angeles Times.

David Stevens, president of the Mortgage Bankers Assn., said a fee increase would be fine — if the money were used to offset losses at Fannie and Freddie. But diverting the money to other government uses is a bad idea, he said.

"We understand the desire by Congress to extend the payroll tax [cut] because so many Americans are hurting right now," he said. "But the cost of that is going to be directly paid for by a whole other set of Americans who use Fannie Mae and Freddie Mac for their mortgages."

But some lawmakers criticized the money-raising move. Rep. Tom McClintock (R-California) called it "atrocious public policy."

"It shifts the burden for this bill to future home buyers, kicks the housing market when it's already down, makes it that much more expensive for home buyers to reenter the market and adds to the pressures that have chronically depressed everyone's home values," he said.

(Los Angeles Times)



Republicans still don't get it.
So-called "small government" Republicans just voted to increase taxes on people looking to stimulate the economy and purchase a home.