DEMOCRAT EXTORTIONISTS THREATEN TO DELAY TAX REFUNDS IF GOP DOESN’T RAISE DEBT CEILING…

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If the Democrats have any chance of retaining or gaining seats in Congress in 2014, they are going to have to manufacture a crisis that will overshadow the monumental disaster of Obamacare. What better way to divert attention from their failed socialized medicine plan than a scheme to withhold tax returns from Americans?  Through a carefully orchestrated propaganda campaign, the Dem’s will attempt to convince every low information voter in America that the greedy, heartless GOP is responsible for causing unimaginable pain and suffering because they wouldn’t agree to raise the debt ceiling. The truth is, the Democrats will shamelessly use our tax returns as a bargaining tool to extort votes from the GOP as a means to achieve their  goal of increasing our debt ceiling for the zillionth time. Is there a single responsible adult  in the Democrat party?

Democrats on the tax-writing House Ways and Means Committee have written to Speaker of the House John Boehner, R-Ohio, urging him to introduce legislation to raise the debt ceiling without pre-conditions, warning that the Treasury Department would not be able to pay tax refunds without a higher debt limit.

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In announcing their letter to Boehner on Monday, they noted that the two-week government shutdown last October had delayed the start of tax season until last Friday. They pointed out that last year, 110 million taxpayers received tax refunds averaging $2,700, and nearly half those refunds were claimed by March 1. However, they complained that House Republicans are again threatening not to raise the debt ceiling unless certain demands are met, and that would risk the Treasury’s ability to pay timely tax refunds for American families. In the absence of an increase in the debt ceiling, they noted, tax refunds can only be paid as money is received by the Treasury.

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“Failure to act quickly will endanger our economic recovery and send a signal to American taxpayers that their refunds may be in jeopardy, potentially raising unnecessary panic among families awaiting their tax refunds,” all 16 Democrats on the Ways and Means Committee wrote to Speaker Boehner.

“President Obama and Congressional Democrats have been clear: we will not negotiate over the full faith and credit of the United States,” they wrote in the letter. “Past Republican default threats rattled our economy and cost Americans hundreds of billions of dollars in lost retirement savings, increased the cost of owning a home, and cost us hundreds of thousands of desperately needed jobs. Let’s not add delaying tax refunds to the list. We look forward to working with you to protect American taxpayers.”

Treasury Secretary Jack Lew also sent a letter last month to Boehner asking him to raise the debt limit by February 7 “to ensure orderly financing of the government,” adding that the debt limit needed to be raised at the latest by the end of February, Lew told the Bipartisan Policy Center during a speech Monday in Washington that the Treasury would be able to use accounting maneuvers for a few weeks after Febuary 7 to keep the government running, but that it would burn through its money more quickly than at other times of the year because it would also be issuing more tax refund checks so it would run out of room to maneuver by the end of the month.

http://www.accountingtoday.com/news/Congressional-Democrats-Warn-Boehner-Tax-Refund-Delay-Debt-Ceiling-Lifted-69482-1.html?utm_campaign=tax+practice-feb+4+2014&utm_medium=email&utm_source=newsletter

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