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	<title>Tea Party News Watch &#187; admin</title>
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	<description>Spreading the TRUTH about Tea Parties</description>
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		<title>Agenda 21&#8230; The Inside Scoop and How to STOP It</title>
		<link>http://teapartynewswatch.com/agenda-21-the-inside-scoop-and-how-to-stop-it/</link>
		<comments>http://teapartynewswatch.com/agenda-21-the-inside-scoop-and-how-to-stop-it/#comments</comments>
		<pubDate>Fri, 14 Oct 2011 20:19:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[TEA Party News]]></category>
		<category><![CDATA[Treaties]]></category>
		<category><![CDATA[UN]]></category>
		<category><![CDATA[What Can We Do?]]></category>

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		<description><![CDATA[This is a two hour video on the inside workings of Agenda 21, where it comes from and how to stop it. Please share this far and wide.
Please click the play arrow in the lower left corner of the player, then you can &#8220;full screen&#8221; by running your mouse over the video, and clicking full [...]]]></description>
			<content:encoded><![CDATA[<p>This is a two hour video on the inside workings of Agenda 21, where it comes from and how to stop it. Please share this far and wide.</p>
<p>Please click the play arrow in the lower left corner of the player, then you can &#8220;full screen&#8221; by running your mouse over the video, and clicking full screen.</p>
<p><iframe width="490" height="300" src="http://cdn.livestream.com/embed/teapartynewswatch?layout=4&amp;clip=pla_a2b588f0-d14e-418a-8099-1adfff5a7669&amp;height=340&amp;width=560&amp;autoplay=false" style="border:0;outline:0" frameborder="0" scrolling="no"></iframe>
<div style="font-size: 11px;padding-top:10px;text-align:center;width:560px">Watch <a href="http://www.livestream.com/?utm_source=lsplayer&amp;utm_medium=embed&amp;utm_campaign=footerlinks" title="live streaming video">live streaming video</a> from <a href="http://www.livestream.com/teapartynewswatch?utm_source=lsplayer&amp;utm_medium=embed&amp;utm_campaign=footerlinks" title="Watch teapartynewswatch at livestream.com">teapartynewswatch</a> at livestream.com</div>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Agenda+21%E2%80%A6+The+Inside+Scoop+and+How+to+STOP+It+http://teapartynewswatch.com/?p=630" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>It’s a Start &#124; Robo-signing Attorney David Endres Suspended, Fined (NOT DISBARRED or JAILED) For Illegal Evictions after Foreclosure</title>
		<link>http://teapartynewswatch.com/it%e2%80%99s-a-start-robo-signing-attorney-david-endres-suspended-fined-not-disbarred-or-jailed-for-illegal-evictions-after-foreclosure/</link>
		<comments>http://teapartynewswatch.com/it%e2%80%99s-a-start-robo-signing-attorney-david-endres-suspended-fined-not-disbarred-or-jailed-for-illegal-evictions-after-foreclosure/#comments</comments>
		<pubDate>Sun, 25 Sep 2011 01:23:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Corruption]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[TEA Party News]]></category>

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		<description><![CDATA[“Suspension of Endres for six months is wholly inadequate. David Endres should be disbarred, if not put in jail. His fraudulent robo-signing eviction mill caused the mass eviction of thousands of tenants and undermined the integrity of the judicial system.  He should never be permitted to practice law in this state again.“]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-592" title="foreclosure-crimes" src="http://teapartynewswatch.com/wp-content/uploads/2011/09/foreclosure-crimes-300x162.jpg" alt="foreclosure-crimes" width="300" height="162" /></p>
<h3 style="text-align: left;">Robo-signing California Attorney Should be Disbarred, Not Suspended, For Illegal Evictions after Foreclosure</h3>
<p style="text-align: left; padding-left: 30px;">The State Bar of California has issued an order suspending Davis attorney David Endres for illegally evicting residents of foreclosed properties. Endres has been notorious for pursuing eviction cases on behalf of major banks after foreclosure in violation of federal, state and local law. The order calls for Endres to be suspended from practice for six months and required to pay the costs of the proceeding in the amount of $4,000.</p>
<p style="text-align: left; padding-left: 30px;"><strong><a href="http://4closurefraud.org/2011/09/23/its-a-start-robo-signing-attorney-david-endres-suspended-fined-not-disbarred-or-jailed-for-illegal-evictions-after-foreclosure/" target="_blank">MORE DETAILS at 4ClosureFraud.org</a></strong></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=It%E2%80%99s+a+Start+%7C+Robo-signing+Attorney+David+Endres+Suspended%2C+Fined+%28NOT+DISBARRED+or+JAILED%29+For+Illegal+Evictions+...+http://teapartynewswatch.com/?p=591" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>Herman Cain&#8217;s Enron-esque Disaster</title>
		<link>http://teapartynewswatch.com/herman-cains-enron-esque-disaster/</link>
		<comments>http://teapartynewswatch.com/herman-cains-enron-esque-disaster/#comments</comments>
		<pubDate>Sun, 25 Sep 2011 01:08:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Candidates We Are Against]]></category>
		<category><![CDATA[Candidates We are For]]></category>
		<category><![CDATA[Corruption]]></category>
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		<description><![CDATA[What GOP presidential contender Herman Cain lacks in political experience, he likes to say, he makes up for with decades' worth of success in corporate America. He climbed the corporate ladder at the Pillsbury Company, chaired the Federal Reserve Bank of Kansas City, and rescued the failing Godfather's Pizza franchise. That business-centric message has won Cain his share of admirers: a focus group convened after a recent Fox News presidential debate overwhelmingly declared Cain the winner.]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-585" title="cain_s640x427" src="http://teapartynewswatch.com/wp-content/uploads/2011/09/cain_s640x4271-300x200.jpg" alt="cain_s640x427" width="300" height="200" />What GOP presidential contender Herman Cain lacks in political experience, he likes to say, he makes up for with decades&#8217; worth of success in corporate America. He climbed the corporate ladder at the Pillsbury Company, chaired the Federal Reserve Bank of Kansas City, and rescued the failing Godfather&#8217;s Pizza franchise. That business-centric message has won Cain his share of admirers: a focus group convened after a recent Fox News presidential debate overwhelmingly declared Cain the winner.</p>
<p><a href="http://motherjones.com/politics/2011/05/herman-cain-aquila-lawsuit-2012" target="_blank">Full Story at Mother Jones</a></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Herman+Cain%E2%80%99s+Enron-esque+Disaster+http://teapartynewswatch.com/?p=582" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>Herman Cain wins GOP Florida straw poll</title>
		<link>http://teapartynewswatch.com/herman-cain-wins-gop-florida-straw-poll/</link>
		<comments>http://teapartynewswatch.com/herman-cain-wins-gop-florida-straw-poll/#comments</comments>
		<pubDate>Sun, 25 Sep 2011 00:54:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Candidates We Are Against]]></category>
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		<guid isPermaLink="false">http://teapartynewswatch.com/?p=574</guid>
		<description><![CDATA[ORLANDO — Former Godfather Pizza CEO Herman Cain won the Presidency 5 straw poll here Saturday, delivering a blow to Texas Gov. Rick Perry’s frontrunner status and a victory for a candidate who has struggled to transform his grassroots popularity into strong showings in national polls.
]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-576" title="cain_s640x427" src="http://teapartynewswatch.com/wp-content/uploads/2011/09/cain_s640x427-300x200.jpg" alt="cain_s640x427" width="300" height="200" /></p>
<p>ORLANDO — Former Godfather Pizza CEO Herman Cain won the Presidency 5 straw poll here Saturday, delivering a blow to Texas Gov. Rick Perry’s frontrunner status and a victory for a candidate who has struggled to transform his grassroots popularity into strong showings in national polls.</p>
<p>“Tonight’s winner is Herman Cain,” Florida Gov. Rick Scott announced. “It shows you something, the road to the White House come through Florida, and it pays to spend time here.”</p>
<p><a href="http://www.washingtontimes.com/news/2011/sep/24/herman-cain-wins-cpac-florida-straw-poll/" target="_blank">Full Story from the Washington Times&#8230;</a></p>
<p><a href="http://motherjones.com/politics/2011/05/herman-cain-aquila-lawsuit-2012" target="_blank">Tea Partiers should know of  Herman Cain&#8217;s Enron-esque disaster.</a></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Herman+Cain+wins+GOP+Florida+straw+poll+http://teapartynewswatch.com/?p=574" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>Breaking: Cops Arrest Large Number of Occupy Wall Street Protesters</title>
		<link>http://teapartynewswatch.com/breaking-cops-arrest-large-number-of-occupy-wall-street-protesters/</link>
		<comments>http://teapartynewswatch.com/breaking-cops-arrest-large-number-of-occupy-wall-street-protesters/#comments</comments>
		<pubDate>Sun, 25 Sep 2011 00:35:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Corruption]]></category>
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		<description><![CDATA[Local media in New York reports that a large number of Occupy Wall Street protesters were arrested this afternoon near Union Square in Lower Manhattan.
“A spokesman for the protesters claimed more than 50 were arrested. The NYPD has not responded to WNYC’s request for comment,” WNYC reported at 5:32 PM EST.
“Protesters wielding signs that demanded [...]]]></description>
			<content:encoded><![CDATA[<p>Local media in New York reports that a large number of Occupy Wall Street protesters were arrested this afternoon near Union Square in Lower Manhattan.</p>
<p>“A spokesman for the protesters claimed more than 50 were arrested. The NYPD has not responded to WNYC’s request for comment,” WNYC reported at 5:32 PM EST.</p>
<p>“Protesters wielding signs that demanded ‘End the Fed’ and other anti-Wall St slogans marched up Fifth Avenue near Union Square on Saturday, drawing a significant police presence and snarling traffic in the neighborhood,” Chris Bannon writes for the radio station.</p>
<p><a href="http://www.infowars.com/breaking-cops-arrest-large-number-of-occupy-wall-street-protesters/" target="_blank">Read More &amp; See the Video</a></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Breaking%3A+Cops+Arrest+Large+Number+of+Occupy+Wall+Street+Protesters+http://teapartynewswatch.com/?p=572" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>Morgan Freeman Calls Tea Party ‘Racist’ (Video)</title>
		<link>http://teapartynewswatch.com/morgan-freeman-calls-tea-party-%e2%80%98racist%e2%80%99-video/</link>
		<comments>http://teapartynewswatch.com/morgan-freeman-calls-tea-party-%e2%80%98racist%e2%80%99-video/#comments</comments>
		<pubDate>Sun, 25 Sep 2011 00:32:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Old Media Coverage]]></category>
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		<description><![CDATA[Morgan Freeman says the Tea Party’s hostility towards President Obama and his agenda is rooted in racism.

Speaking on the CNN program “Piers Morgan Tonight,” the Oscar-winning actor said the Tea Party’s goal is “screw the country, we’re going to do whatever we can to get this black man out of here.”

Freeman concluded: “It is a racist thing.”]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-588" title="Morgan-Freeman-Hand" src="http://teapartynewswatch.com/wp-content/uploads/2011/09/Morgan-Freeman-Hand-300x190.jpg" alt="Morgan-Freeman-Hand" width="300" height="190" />Speaking on the CNN program “Piers Morgan Tonight,” the Oscar-winning actor said the Tea Party’s goal is “screw the country, we’re going to do whatever we can to get this black man out of here.”</p>
<p>Freeman concluded: “It is a racist thing.”</p>
<p>The actor said the rise of the Tea Party was a disturbing development. “It just shows the weak dark underside of America,” he said. “We’re supposed to be better than that. We really are. That’s why all those people were in tears when Obama was elected president. ‘Ah look at what we are–this is America.’ Then it just sort of started turning because these people surfaced–like stirring up muddy water.”</p>
<p>He said he was “kind of” disappointed that President Obama wasn’t more aggressive in taking on the Tea Party. “He was trying to hold on to his own promise that he would be president of all the people,” Freeman said.</p>
<p><a href="http://blogs.wsj.com/speakeasy/2011/09/24/morgan-freeman-calls-tea-party-racist/" target="_blank">You can watch the video here</a></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Morgan+Freeman+Calls+Tea+Party+%E2%80%98Racist%E2%80%99+%28Video%29+http://teapartynewswatch.com/?p=570" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>Jon Stewart Rally&#8230; Oh Here We Go</title>
		<link>http://teapartynewswatch.com/jon-stewart-rally-oh-here-we-go/</link>
		<comments>http://teapartynewswatch.com/jon-stewart-rally-oh-here-we-go/#comments</comments>
		<pubDate>Fri, 17 Sep 2010 17:59:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
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		<description><![CDATA[Last night Jon Stewart announced his "rally about nothing" in a quote he didn't say, "We stand for nothing, so I am sure we can gather some folks who will fall for anything."]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-387" title="john-stewart-loves-the-muppets2" src="http://teapartynewswatch.com/wp-content/uploads/2009/11/john-stewart-loves-the-muppets2.jpg" alt="john-stewart-loves-the-muppets2" width="480" height="270" />Last night Jon Stewart announced his &#8220;rally about nothing&#8221;  in an effort to counter the Glenn Beck rally which stood for Restoring Honor.</p>
<p>In a quote about the non-event he didn&#8217;t say, &#8220;We stand for nothing, so I am sure we can gather some folks who will fall for anything.&#8221;</p>
<p>As if Jon Stewart had something to say, as if he had a reason to actually call people to the mall, his inflated ego is pushing him towards making an even bigger fool of himself, this time in person.</p>
<p>Steven Colbert jumped right in on the action with his usual brand of extreme non-extremism and called his lemmings to a counter-gathering as well.</p>
<p>Colbert&#8217;s rally is Restoring Truthiness and should be almost as lame as Stewart&#8217;s.</p>
<p>Stewart is busy falling for all the main stream media talking points and routinely makes fun of people who stand for what they believe in and like many he makes out like he knows what he is talking about.</p>
<p>As usual he is full of shit and even though we know it is supposed to be comedy his slant is usually way to the left and leaves viewers with the impression that standing for something is somehow a bad thing.</p>
<p>Many people like The Daily Show and The Colbert Report and some will likely show up and while these two jokers are sometimes humorous they usually leave me less than satisfied with their political prowess.</p>
<p>Jerry Seinfeld once hit it big with a show about nothing. Can Jon Stewart make a success out of a rally about nothing? This remains to be seen. I will wait for the &#8220;crowd to show up&#8221; and show their support for nothing.</p>
<p>In the mean time maybe Jon Stewart could come up with something he <em>DOES</em> believe in.</p>
<p>In fact &#8230; if you had any balls at all you would use your real name <strong>Jonathan Stuart Leibowitz</strong></p>
<p align="left"><a target="_blank" class="tt" href="http://twitter.com/home/?status=Jon+Stewart+Rally%E2%80%A6+Oh+Here+We+Go+http://teapartynewswatch.com/?p=562" title="Post to Twitter"><img class="nothumb" src="http://teapartynewswatch.com/wp-content/plugins/tweet-this/icons/tt-twitter-big2.png" alt="Post to Twitter" /></a></p>]]></content:encoded>
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		<title>National Precinct Alliance&#8230; LIVE Event</title>
		<link>http://teapartynewswatch.com/national-precinct-alliance-live-event/</link>
		<comments>http://teapartynewswatch.com/national-precinct-alliance-live-event/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 18:03:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<description><![CDATA[
12/18/09 ~ IN THIS EPISODE&#8230; LIVE at 8pm Eastern Time 

Tony Warren www.National Precinct Alliance.org



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			<content:encoded><![CDATA[<p><img src="http://teapartynewswatch.com/wp-content/uploads/2009/12/np.jpg" alt="np" title="np" width="480" height="273" class="alignleft size-full wp-image-490" /></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>12/18/09 ~ IN THIS EPISODE&#8230; LIVE at 8pm Eastern Time </strong></font></p>
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		<title>Open Call to Congressional Republicans</title>
		<link>http://teapartynewswatch.com/open-call-to-congressional-republicans/</link>
		<comments>http://teapartynewswatch.com/open-call-to-congressional-republicans/#comments</comments>
		<pubDate>Sun, 13 Dec 2009 19:26:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[TEA Party News]]></category>
		<category><![CDATA[What Can We Do?]]></category>

		<guid isPermaLink="false">http://teapartynewswatch.com/?p=485</guid>
		<description><![CDATA[Do you republicans not know that you are completely irrelevant? Or do you just not have the spine to take a real stand? Democrats are making asses out of all of you!]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;" align="center"><img class="size-full wp-image-486 aligncenter" title="walkout" src="http://teapartynewswatch.com/wp-content/uploads/2009/12/walkout.jpg" alt="walkout" width="320" height="240" />By JB Williams</p>
<p>It’s official folks, with the Democrats steamrolling over the GOP filibuster intended to stop another TRILLION in wasteful spending yesterday, Republicans in congress have been handed their hat once again.</p>
<p>Do you republicans not know that you are completely irrelevant? Or do you just not have the spine to take a real stand? Democrats are making asses out of all of you!</p>
<p>This is NOT a game! The future of freedom and liberty hang in the balance and most Americans know it! How did you miss it?</p>
<p>Republican congressional votes have NO meaning today. So what, if you are “on-record” voting against the global socialist leap off the leftist cliff? Unless you find a way to derail that speeding locomotive, you will soon burn in a Marxist hell with the rest of us.</p>
<p>When American freedom and liberty are gone and every American is forced into a financial corner where socialism looks better than starvation, it won’t matter who voted against it!</p>
<p>With the loss of the filibuster, Congressional Republicans have only ONE play left to stop the coming train wreck, when Obamunism runs head-on into millions of increasingly angry American patriots in the streets. Only Congressional Republicans can stop that clash!</p>
<p align="center"><strong>Congressional Republicans MUST WALK OUT immediately!</strong></p>
<p>You must pack your bags, close your offices, refuse to enter the congressional chambers for one more pretend vote in which the Democrats will hand you your hat once again.</p>
<p>If Republicans want to harness the power of the Tea Party – 912 – and Town Hall patriots across this land, you can do it in three simple steps…</p>
<ul>
<li>Shut down congress by walking out and refusing to return. Can Democrats even call something to a floor vote without a single republican in the chamber? Would they even dare try it?</li>
<li>Return home and spend time listening to angry patriots in as many town hall meetings as you can schedule. You will earn your pay at a town hall, whereas attending another congressional vote is worse than a waste of time. It’s counter-productive. Go home and listen, don’t talk!</li>
<li>Grow the backbone to walk away from all of your past mistakes, and line up behind the ONLY people who can put you back in power, the American patriots who stand for a constitutional government and against the current steamroller to socialism.</li>
</ul>
<p>You have only one other option… to keep doing what you’re doing, which amounts to being a big part of the problem, instead of a part of the solution.</p>
<p><strong>WALK OUT TODAY!</strong></p>
<p>GO HOME! &#8211; And set up as many town hall meetings in your home districts as you can fit into your schedule. Earn your paycheck by meeting with the people, so that you can once again begin to represent the will of the people. Don’t talk – LISTEN!</p>
<p>Tell Democrats that if they are determined to lead this country into the toilet, they will have to do it all alone without a single republican in the chamber when they do it, one lousy piece of anti-American legislation after another.</p>
<p>Republicans have a very clear choice to make and you had better make it fast! The nation doesn’t need two parties full of leftist losers. Republicans willing to stay in session should be seen not as “RINOs,” but as Democrats… and they will be.</p>
<p>You can take a stand with the 70% of Americans who DO NOT want any form of Cap &amp; Trade, Global Socialized Medicine, a One World Government, the Copenhagen Climate Scam, Amnesty for Illegal’s, or trillion dollar payoffs to leftist organizations and labor unions which only enrich the leftist juggernaut now running roughshod over the nation. Only 25% “strongly approve” of Obamunism as of today… It’s time for you to strike!</p>
<p><strong>Severe situations demand severe action! </strong></p>
<p>We are out of time for any other option. The Tea Party – 912 and Town Hall people will not – I repeat – WILL NOT line up behind Republicans too spineless to put a stop to the hourly destruction of this nation.</p>
<p>Republicans have ONLY one way to regain any form of power, and that is to toss out the politically correct nonsense of the past and line up behind the millions of patriots begging for action across this country!</p>
<p>Republicans either line-up behind the American right in a hurry, or their party is finished, as is this nation.</p>
<p>WALK OUT IMMEDIATELY! – And DO NOT RETURN until you have control of congress next November!</p>
<p><strong>I call upon EVERY Washington DC Republican to walk out NOW!</strong></p>
<p><strong>This is NOT an issue item! This is NOT a circus stunt sideshow. WALK OUT and STAY OUT! Refuse to participate in the rape of this great nation!</strong></p>
<p>If you continue to sit in that chamber and watch the gang rape of this nation, you are NO BETTER than the rapists! GET OUT of that chamber NOW! Let the American people see the rapists clearly!</p>
<p>God help us all if YOU lack the courage to do what must be done to save this nation!</p>
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		<title>Zero to 35 in 24 Hours</title>
		<link>http://teapartynewswatch.com/zero-to-35-in-24-hours/</link>
		<comments>http://teapartynewswatch.com/zero-to-35-in-24-hours/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 23:58:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[House]]></category>
		<category><![CDATA[TEA Party News]]></category>

		<guid isPermaLink="false">http://teapartynewswatch.com/?p=481</guid>
		<description><![CDATA[Source: WSJ Online... The House Raises Taxes on Carried Interest.]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;"><img class="size-full wp-image-482 aligncenter" title="Tax-Attorney" src="http://teapartynewswatch.com/wp-content/uploads/2009/12/Tax-Attorney.jpg" alt="Tax-Attorney" width="480" height="270" /></p>
<p style="text-align: left;">House Democrats keep stepping on President Obama&#8217;s applause lines about innovation and job creation. On Tuesday, Mr. Obama announced that &#8220;we&#8217;re proposing a complete elimination of capital gains taxes on small business investment&#8221; for one year.</p>
<p>Responding with rare dispatch, the House voted yesterday to change the capital gains rate for venture capitalists who invest in technology start-ups. But rather than eliminating the tax, the House more than doubled it, moving the tax rate to 35% from 15% by reclassifying such gains as ordinary income.</p>
<p>Private equity fund managers and managers of real-estate and oil-and-gas partnerships would also get socked with this 133% tax-rate increase. Now <em>there&#8217;s</em> a way to encourage economic growth and new jobs.</p>
<div>
<div>
<h3>OpinionJournal Related Stories:</h3>
<p><a href="http://online.wsj.com/article/SB10001424052748703558004574584221812178920.html" target="_blank">Stimulus III</a><br />
<a href="http://online.wsj.com/article/SB10001424052748704779704574556002170312732.html" target="_blank">The Uncertainty Economy</a><br />
<a href="http://online.wsj.com/article/SB10001424052748704402404574527781844595304.html" target="_blank">A 69% Capital Gains Tax Hike</a></div>
</div>
<p><a name="U10327832103XHG"></a></p>
<p>If Mr. Obama is upset that he didn&#8217;t have more of a chance to discuss this before the House acted, he&#8217;s not alone. Knowing how popular tax increases are with unemployment at 10%, the House majority rushed the bill to the floor without a hearing or even a committee vote. Then they buried it in a package advertised as an extension of tax cuts for research and development.</p>
<p>The new 35% rate applies to what is known as &#8220;carried interest,&#8221; which is income that only materializes if fund managers wisely invest the fund&#8217;s capital and only after other investors in the fund have benefited. Venture and private equity fund managers already pay normal income taxes on their regular salary derived from management fees. The carried interest, no sure thing, represents a capital gain on a successful investment and has therefore been taxed that way.</p>
<p>Some argue that partnerships should be taxed just like other corporations before money is distributed to partners. We think that&#8217;s a reasonable argument in the context of lowering the 35% U.S. corporate tax rate to something remotely competitive in the world economy. By itself, this tax increase is simply a drag on investment and job growth.</p>
<p>Mr. Obama now has a chance to respond with similar speed and show his commitment to lower capital-gains taxes on start-up investments. A Statement of Administration Policy condemning the House bill would discourage the Senate from making a similar mistake.</p>
<p>Originally Published at <a href="http://online.wsj.com/article/SB10001424052748704240504574586274278223030.html" target="_blank">WSJ Online</a>.</p>
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