Obama says taxes should go up so his so-called wealthy will be forced to pay
their "fair share". Sounds like this "fair share" nonsense is
just that - nonsense - especially since small business will fall into the 250k
and above category and heaping more taxes on small business will be a death nail
for the US economy. There is reality and then there is Obama political fantasy.
Raising taxes just doesn't work in the real world. In the far left
socialist Obama fantasy world it always works. Too bad life isn't a
fantasy. Of course if you believe Barack you should understand that paying more
taxes is your "duty" since the only way you achieved any success in life
was due to the Federal Government making it possible. Yes sir - every good
socialist / communist knows that success only comes from big brother government.
Every "real" American knows that communism is the POISON that wrecks
nations and BIG government is the heart of communism... and seems to also be the
heart of Barack Hussin Obama.
The other problem is that under the Bush tax cuts, the wealthy actually paid
more in taxes. According to the Forbes article "After Bush Tax Cuts,
Payments By Wealthy Actually Increased". Using tax returns they found that
"the top 0.1% and top 1% of earners (which includes all millionaires and
billionaires) had major increases in their income tax payments between 2003 and
2007, both in absolute dollars as well as in their % contribution to total
taxes." So if the Bush Tax Cuts actually raised taxes on the wealthy, why
don't the liberals want them to remain, rather than let them expire?
I own a small business and I can assure all Americans that will listen to me
that if Obama's plan is implemented I will be forced to cut back my
workforce by 15%. Obama is killing our economy. And rather than
pull the knife out and let us heal, he is twisting the knife and pouring
salt.Obama has been absolutely the worst president for our country.
I cannot begin to understand anyone who would vote for him in November. They
are deluded by his promises. But when reality hits and a new recession has
arrived because of Obama, and more people end up unemployed, and net worth and
savings are depleted, and taxes continue to increase because of his tax policies
and Obamacare, then they will see their folly.