Thursday, October 18, 2012

Barack Obama: Economic Devestation Better Than Tax Cuts For Small Businesses

From the Washington Post comes this story.  Barack Obama, after being shown in all his beta-male faux glory in two debates, has apparently decided he's going to prove he's "tough."  How is he going to perform this amazing feat?  He's threatening to veto any legislation which prevents the so-called "fiscal cliff" that does not include a tax hike on "high earners."

The Fiscal Cliff, remember, is a combination of across-the-board cuts, including Defense and Medicare, and tax hikes which will kick in automatically if some deal is not reached to prevent them.  Remember also that a majority of small businesses, which make over that magical $250,000/yr, are reported on the owners' individual taxes.

So Barack Obama would rather the entire economy suffer than small business owners continue at their current tax rates.  Barack Obama would rather raise everyone's taxes (including those on the poor and middle class) as well as engage in poorly planned departmental cuts which will hurt the poor and seniors disproportionately, than to allow job creators to keep the same amount of money that they're keeping now.

Look at that again.  This isn't about some new tax rate cut.  He is demanding an active tax hike on small business owners.  And he's willing to hold your taxes hostage to do it.

Moreover, this would have to be a bipartisan agreement.  Remember, while Republicans control the House, Democrats control the Senate.  Any bill which makes it to his desk would have to be supported by leaders in both parties.

I can't be emphatic enough: Barack Obama would literally (not in the Joe Biden sense, either) rather see the entire economy collapse than allow job creators to continue at their current tax rates.

So while Barack Obama is going around claiming that Mitt Romney making a specific effort to hire women, and then making compromises to comply with their scheduling needs is somehow bad, he's simultaneously threatening them with even higher unemployment, more uncertainty, and less pay at the end of the day.

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