Taxing a Tax

Democrats have made it official: They are looking to eliminate federal deductibility. They rolled out what they are calling a middle class tax cut, but lets call a spade a spade. Eliminating federal deductibility is a tax on a tax.

If you don't have kids or own a house, you're really screwed. Some Iowans use federal deductibility to lessen their tax burden and Iowa is one of a few states that still does that.

The Democrats are going to say that this is a revenue neutral thing to do, but what happens next year when they don't have the federal stimulus money to plug the gaping deficit hole and they need to up the ante and increase the tax burden even more? We're just sayin' - it's a pretty real possibility.


After the Democrats pass their “tax cut” - which really totals about 17 cents - Iowa families could purchase a gallon of milk and loaf of bread after only 28 days of saving.

$3.31 for a gallon of milk
$1.40 for a loaf of bread
$.17 per day tax cut by the Democrats……..priceless

* U.S. Bureau of Labor Statistics