In addition to federalizing elections (read HR1) and curtailing religious freedom (read HR5), our elected representatives have proposed a budget resolution that would drive a dramatic increase in federal programs and entitlements. Who would pay for it? According to the article linked above, the proposal calls for 15 years of higher corporate taxes to fund 8 years of benefits. What? Well, smoke and mirrors have always been instrumental to the political process, and the more so when it comes to tax policy. Regardless, federal taxes will have to go up, and the article shows how the proposed new tax increases compare to previous tax increases in years gone by. It’s worth a read when you have the time.
Meanwhile, as the saying goes, “don’t tax you, don’t tax me, tax the man behind that tree!” When the government proposes new entitlements, someone has to pay. Their first target will be corporations, then the “rich,” and then inevitably the middle class. Corporations cannot print money like the feds, so taxes on corporations become business expenses that eventually land on consumers like you or me. You can write your elected representatives, but I can tell you from personal experience that they may not be very sympathetic with your questions. All of this gives you one more reason to pray for our government officials at all levels, as we are told in 1 Timothy 2:1-2. And you can take comfort in remembering who is ultimately in charge.