Tuesday, October 4, 2011
How the Democrats are killing jobs and why their ideas will not work
The House Ways & Means Committee cites estimates from the Joint Committee on Taxation that show “small business owners will pay over half of the taxes raised” under the president’s proposal. Economists Kevin Hassett and Alan Viard wrote in the Wall Street Journal that “fully 48% of the net income of sole proprietorships, partnerships, and S corporations” would be subject to the president’s tax hike. President Obama’s plan punishes successful small businesses rather than removing barriers holding them back and creating an environment where they can flourish. This was pulled from an article by Don Seymour
“Pitting one group of Americans against another is not leadership,” a Speaker Boehner quote. This whole class warfare tactic from the Left is pathetic. Fist of all 48% of Americans pay no income tax at all. While the top 10% pay 70% of the total tax burden is not fair by any ones measure. So how can any one argue that they need to pay a little more?
The onerous regulations coming from the Environmental Protection Agency (EPA), Obamacare and from the National Labor Relations Board (NLRB) are also creating conditions that are adverse to the job growth. These groups under Obama's orders, appointees and followers are so biased towards big labor and blue states that the only hope is to defeat the left soundly in the next election.