Obama Has Handled the Tax Issue, And Tea Party’ers Still Deny It

A few Tax Party opinion signs

Announcing his 2011 budget proposal back in February, President Obama asserted that the government cannot spend as if deficits go without consequence, nor as if American tax-dollars are “Monopoly money.” But, as tax day arrives, many are questioning whether the president will keep his word, or default on a promise. While Tea Party supporters shout “Taxed Enough Already” until their voices crack, some are utterly stupefied by how such people ignore the figures surrounding the American Recovery and Reinvestment Act – aka the stimulus package -which recieves partial credit for for 2009’s record-breaking tax refunds, and a sixty-year low in federal taxes (a figure put forth by William Gale, co-director of the Tax Policy Center and director of the Retirement Security Project at the Bookings Institution.

Wrong, the budget crises is no kryptonite.

So, what does Obama have planned for our hard-earned money? Well, by the close of 2010, Americans are likely to see: A raise of the top two income tax brackets from 33 to 36 percent, and 35 to 39.6 percent; A raise in the capital gains tax rate from 15 to 20 percent – along with an increased tax on dividend income from 15 to 20 percent – for married couples with incomes exceeding 250k.

From these figures, it’s difficult to understand where the protestors get their information; after all, Gerald Prante, a senior economist for the non-partisan research organization, Tax Foundation, admitted that the increases will only reflect upon 2 to 3 percent of the year’s total tax returns.

Daily Show Mocks the Tea-Partying Obama Haters, and Tracy Morgan Gets A Lot of Laughs

Jon Stewart, Host of the Daily Show

Opening the Daily Show episode, Jon Stewart quotes a member of the tea party movement as stating: “Obama lied: Our country died!” and is reminded of the title of Dr. Seuss’ alleged second-worst book, “Obama lies, our country dies.” He draws attention to how the media is hyper-focusing on the alleged violent side of the tea party protests  – expecting them to get rowdy, while FOX keeps an eye out for  “any sign of the crazies running around.” The entire media front covered today’s culmination of the tea party express. Even Wyatt cynac showed up, though he reported in disappointment after failing to fall victim to the racial hatred allegedly et to explode at any moment. Perhaps, the media is blowing smoke where there is no fire?

Smantha Bee does a piece around Bo Dietl, a private investigator who worked with the Daily Show on numerous occasions. During their interview, he mentions how ten handguns and a shotgun were stolen from his office at some point between November

Tracy is always entertaining

2007 and today. In response to his problem – in return for his courageous efforts – THE dAily SHOW TEAM is put into action. Larry Lawton – ex con, Louis Ferrante – ex-loanshark, frank luntz – gop strategist, all work together to crack the case, but they fail. Miserably.

In the third leg of the show, Tracy Morgan turns up to push his new flick – Death at a Funeral (which isn’t mentioned that much). Immediately upon his entrance, Jon claims that he smells special; as it turns out, it’s because of a new fragrance by Tito Jackson. The interview gets interesting when Tracy reveals that he refuses to see the movie Spiderman since its lead superhero owes him $75. After that hilarious snippet, the comedian rolls into his philosophy about golf, invents a nickname for the host – STEWBEEF – and keeps him laughing for so long that by the end of the episode, Jon considers following Morgan around for a week – just for laughs.