Tuesday, March 24, 2009

GOP members voting for a 90% marginal tax rate

The following Republican members of the House of Representatives voted in favor of HR 1586. The bill imposes a 90% federal income tax on any bonus paid to any employee of any company that has received over $5 Billion in taxpayer "rescue" funds. The tax would only apply to people with total joint incomes over $250,000 or single individuals with income of only $125,000. When combined with some state income taxes, the total taxes can exceed the income.

Many of the members of Congress who voted for this bill are typically well reasoned conservatives. Several of them were using this vote to play politics over the whole notion of federal takeover money.

Conservative principles associated with the federal “bailout” or “rescue” funds is as follows: businesses should be allowed to fail, taxpayer money should not be used to prop up any failing business, the Federal Government has no business ever dictating how much income someone is allowed to make, and confiscatory tax rates are ALWAYS to be opposed.

The essence of a RINO is one who abandons principle to play politics. As a result, these folks have all earned the name RINO.

Aderholt
Alexander
Barton (TX)
Biggert
Bilbray
Bilirakis
Blunt
Bono Mack
Boozman
Brown (SC)
Brown-Waite, Ginny
Buchanan
Calvert
Camp
Cantor
Cao
Capito
Cassidy
Castle
Crenshaw
Davis (KY)
Diaz-Balart, L.
Diaz-Balart, M.
Duncan
Ehlers
Emerson
Fleming
Forbes
Fortenberry
Frelinghuysen
Gallegly
Gerlach
Goodlatte
Guthrie
Heller
Herger
Hoekstra
Johnson (IL)
Jones
Kirk
Lance
Latham
Lee (NY)
Lewis (CA)
LoBiondo
Manzullo
McCaul
McClintock
McHugh
McMorris Rodgers
Mica
Miller (MI)
Moran (KS)
Petri
Platts
Putnam
Rehberg
Reichert
Roe (TN)
Rogers (AL)
Rogers (KY)
Rogers (MI)
Rohrabacher
Rooney
Ros-Lehtinen
Roskam
Royce
Ryan (WI)
Schmidt
Schock
Shimkus
Smith (NJ)
Smith (TX)
Stearns
Tiberi
Turner
Upton
Walden
Wamp
Whitfield
Wittman
Wolf
Young (AK)
Young (FL)

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