"If we're serious about taking action to help our economy get back to creating jobs, Democrats and Republicans must come together and pass legislation this month that makes significant cuts in spending and stops President Obama's tax hike on small businesses."
House Minority Leader - John Boehner
Don't you just love how the media now calls the issue of extending the Bush-era tax cuts as "Obama's Middle Class Tax Cuts"?
I find it quite interesting that he's taking credit NOW...as if he's enacting some sort of tax break for the middle class, which, of course, is not the case. He's merely extending tax cuts that allowed prosperity under the Bush administration.
And...if you didn't know...these tax cuts HAVE BEEN IN PLACE for everyone, even the wealthiest of Americans.
A correct restatement of Obama's strategy is more like: Raise taxes on the rich and small business owners, but maintain the tax structure for everyone else.
And, yes I've included small businesses in that category, because what you may not realize is most of the "wealthiest" Americans are owners of small businesses, and their small business income is reported on their personal tax return. This tax hike will kill small businesses and contract the economy further. Small businesses will have to either layoff employees to compensate for the tax hike or pull back on any type of expansion.
Don't get fooled on this one. Obama continues to blame the rich for some type of increase in the deficit. But read between the lines and understand what he's really saying. He knows he needs more taxes to fund his deficit-type spending. He NEEDS this tax hike. He hasn't had this extra income from the wealthiest of Americans, but he needs it now. He is desperate to fund his promises and has no other solution.
I would say start cutting the budget with an ax and repeal ObamaCare, but he won't listen to me...
P.S. I'm working my way back into blogging...it's been a crazy few months at our house, but I'm starting to get enraged, so my conservative outlet must resume!
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