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Jewish World Review Nov 2, 2010 / 25 Mar-Cheshvan, 5771 Priority One for Republicans By Cal Thomas http://www.JewishWorldReview.com | For newly empowered congressional Republicans, priority one must be an extension of the Bush tax cuts. There should be enough votes not only from a new Republican majority, but also from some of the decimated and dispirited (and even newly elected) Democrats. If President Obama is smart, he won't veto the bill. If the tax cuts are allowed to expire, everyone who gets a paycheck and has taxes withheld is going to see less money in the "net" column starting January 1. Bloomberg.com has published some calculations. It reports that, according to the Tax Institute at H&R Block, "for a married couple earning $80,000 a year, increased taxes would drain $221.48 in withholding from a semi-monthly paycheck. Married individuals earning $240,000 a year" (just under the $250,000 standard President Obama defines as "rich") "would lose $557.78 to withholding in a single semi-monthly paycheck." Double these figures for a month and multiply by 12 and you quickly see the additional drain on the economy at a time of anemic 2 percent growth. Another example from Bloomberg: teachers, teacher aides and custodial workers who make from $20,000 to $40,000 per year would lose an estimated $50 per paycheck, which is significant at a time when every dollar counts. President Obama has been telling us how much is enough for us to make. Instead, we should be telling him how much of our money we will allow government to take and spend. That is the theme emerging from the midterm election. To further personalize the cost of allowing the tax cuts to expire, visit a handy government cost calculator called www.mygovcost.org. Type in your level of education, age and current income and the calculator will reveal what future taxes are likely to cost (these are estimates as everyone's circumstances differ). You will also see how much your money could earn if you invested in the private sector instead of having it go to the federal government. The enormous interest figure should rebut arguments by Democrats who claim reforming Social Security by allowing money to be invested in the stock market would bankrupt the elderly. FREE SUBSCRIPTION TO INFLUENTIAL NEWSLETTER Every weekday NewsAndOpinion.com publishes what many in the media and Washington consider "must-reading". HUNDREDS of columnists and cartoonists regularly appear. Sign up for the daily update. It's free. Just click here. There are a number of other credible sources Republicans could use to stop and reverse runaway spending. The Heritage Foundation's Brian Riedl has identified $343 billion in specific spending cuts the next Congress might enact in the fiscal 2012 budget. Riedl acknowledges that cutting spending won't be easy. That's because every dollar spent by the government attracts self-interested supporters. But he maintains the identified cuts should be achievable. Read his spending cut targets at heritage.org. The public is in the mood for repairing America's crumbling financial house. Democrats will have a more difficult time demagoguing spending cuts when they have been primarily (though not entirely) responsible for the ocean of red ink. The Debt Commission will issue its report on Dec. 1. Many conservatives suspect it will include a call for tax increases. Republicans should say "no" to any tax hikes and focus entirely on government overspending and misspending. Many of us are ready for strong medicine. "We can't afford it" still rings in the ears of those old enough to remember what parents or grandparents said when we asked for an expensive toy as a child, or a car at 16. That Puritan ethic remains in the DNA of many Americans. It is now up to Republicans to get it out and remind us of what fiscal and personal responsibility can do to restore financial solvency. It may take a while and there will be some discomfort and even pain involved. But in the end, we will all be better off than we are now and much better off than we will be if we fail to reduce our unsustainable debt. Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. BUY THE BOOK Click HERE to purchase it at a discount. (Sales help fund JWR.). Cal Thomas Archives JWR contributor Cal Thomas is co-author with Bob Beckel, a liberal Democratic Party strategist, of "Common Ground: How to Stop the Partisan War That is Destroying America". Comment by clicking here. © 2006, Tribune Media Services, Inc.

Columnists Mitch Albom Jay Ambrose Bruce Bialosky Lori Borgman Ben Carson Mona Charen Linda Chavez Richard Z. Chesnoff Alicia Colon Ann Coulter Greg Crosby Diane Dimond Larry Elder Suzanne Fields Christine Flowers Peter Funt Michael Gerson Bernie Goldberg Jonah Goldberg Paul Greenberg Argus Hamilton Victor Davis Hanson Froma Harrop Ron Hart Nat Hentoff A. Barton Hinkle Jeff Jacoby Paul Johnson Jack Kelly Ch. Krauthammer David Limbaugh Rich Lowry Andrew Malcolm Michelle Malkin Ann McFeatters Dana Milbank Jeanne Moos Dick Morris Jim Mullen Judge A. Napolitano Kathleen Parker Star Parker Dennis Prager Wesley Pruden Tom Purcell Sharon Randall Michael Reagan Robert Robb Dave Ross Debra J. Saunders Martin Schram Culture Shlock David Shribman Roger Simon Lenore Skenazy Michael Smerconish Thomas Sowell Mark Steyn John Stossel Cal Thomas Dan Thomasson Bob Tyrrell Diana West Dave Weinbaum George Will Walter Williams Byron York Cathy Young Mort Zuckerman Toons Eric Allie Robert Arial Baloo Pat Bagley Nate Beeler Lisa Benson Chip Bok Dry Bones John Branch Daryl Cagle Patrick Chappatte John Cole Paul Combs J. D. Crowe John Darkow Bill Day John Deering Bob Englehart Brian Duffy Everything's Relative Randall Enos Mallard Fillmore David Fitzsimmons Glenn Foden Jake Fuller Bob Gorrel Walt Handelsman Joe Heller David Hitch Jerry Holbert David Horsey Taylor Jones Lee Judge Steve Kelley Mike Keefe Jeff Koterba Dick Locher Chan Lowe Jimmy Margulies RJ Matson Gary McCoy Rick McKee Paresh Nath Jack Ohman Jeff Parker Milt Priggee Michael Ramirez Rob Rogers Steve Sack Bill Schorr Drew Sheneman Kevin Siers David Ray Skinner Jeff Stahler Scott Stantis Danna Summers Gary Varvel Kirk Walters Christopher Weyant Larry Wright Dan Wasserman Adam Zyglis Lifestyles Tech Q&A Mr. Know-It-All Ask Doctor K Richard Lederer Frugal Living Bookmark These Bruce Williams