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Holy Crap: Obama Tax Hikes Could Cost 1.2 Million Jobs
Well, this should have a delightful impact on small business hiring. Or should I say “firing”.
President Obama has made raising taxes on “the rich” a central plank of his re-election campaign. Yet even many Democrats are questioning the wisdom of hiking taxing on job creators while the economy is still struggling and unemployment is still lingering at over 8 percent.
They are right to be concerned. According to calculations by The Heritage Foundation’s Center for Data Analysis (CDA), the average American with $250,000 or more in income can expect an average $24,888 tax increase next year under Obama’s proposed policies.
BigSlurpy
July 16th, 2012
Can we say retroactive tax cuts? Yes we can!
Menderman
July 16th, 2012
Charging 1.2 million people $25K will raise $30,000,000,000 (30 Billion)…less than three days spending for Obama.
Just how is that gonna fix a $1,700,000,000,000 (1.7 trillion) annual deficit?
If I did my math right, these people would need to pay an additional $1,416,666 each year to balance the budget.
Obama is a liar.
old_oaks
July 16th, 2012
I think the Republicans should force the issue and make the DemocRATS cut spending and raise taxes on everybody.
Nobody has a job so it’s a non-issue and the folks that are working, what are they going to lose, pizza night?
I wish they Republicans (note I didn’t say Conservatives) would just make them fall on their sword for once.
And another thing to ponder. How is it that in the land of “equality” and liberal fascination with all things Socialism we’re even having a debate regarding the difference between one another?
Just let the “tax cuts” expire and CUT FCUKING SPENDING!
Menderman
July 16th, 2012
btw, the links to Doug Ross aren’t working.
Anonymous
July 16th, 2012
The links you’ve been putting up here lately isn’t working. Something wrong?
Extirpates
July 16th, 2012
The great economic recovery…
Unemployment: Over 100,000,000 served and counting.