Sunday, November 2, 2008

Mr. Obama's Wealth Redistribution Agenda: DemocratsTarget Your 401k Retirement Plan with Taxes

letter from Gary Kreep
Republican Majority Campaign

"Dear Fellow American:

The public outcry of real Americans like you and Joe the Plumber is finally getting some light shed on Mr. Obama's wealth redistribution agenda supported by Socialist Democrats in Congress. The corrupt media can't hide it any longer. The plan is to bring an end to the America we know and love; to bring an end to freedom and liberty.

Liberals in government want to seize your 401K retirement plans for their own. Just look at what James Pethokoukis, the money and politics blogger for U.S. News & World Report has said,

In place of 401(k) plans, she would have workers transfer their dough into government-created "guaranteed retirement accounts" for every worker. The government would deposit $600 (inflation indexed) every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support, said that since "the savings rate isn't going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that's not generating what we now say it should."

The Democratic plan is to SEIZE your 401k and take $80 billion that is currently the property of American citizens. Effectively, this plan will end all of the incentives that the majority of Americans not only enjoy but rely on. I am sure you or someone you know takes advantage of their employer matching their 401k contribution. Under the iron fist of the Democratic empire your employer would no longer receive a tax benefit for matching your contribution, so they won't do it. And you will lose half of your retirement contributions. And don't forget, that you will lose your tax breaks from the 401k plan also, so you'd be paying the government to let you retire. Sounds like fun?

Don't let the tyrannical rule of socialists take hold, put a stop to the unholy trinity of the Democrat controlled Senate and House and potential president Obama. Do not let Barrack Obama bring an end to this great country!

Mr. Obama has always been against an individuals' right to control and spend their own savings. He has a narrow, selfish and myopic view of the world we live in and the idea that he can tax whatever he wants to whenever he wants to.

The Fundamental Truth Is that People Know How to Take Care of their own Money.

John McCain gets it and understands that more taxes just hurt everyone and the government wastes your hard earned dollars..

Stop NOW, Oprah, and the Liberal media from deciding who will be our next president.

You can say we the American people will pick our president.

Ronald Reagan once said, "If not us, who? If not now, when?"

I will let you answer his questions today.

Thank you and God bless America!

You Can Make a Difference - Click Here Now!

Gary Kreep
Executive Director
Republican Majority Campaign PAC"

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