Reid outlines plans for 5% tax surcharge on millionaires

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  • ms Draper, UT
    Oct. 5, 2011 5:51 p.m.

    The President's Jobs Bill is a farce. All it will do is raise taxes on those who make above $250,000.00 a year and on the oil and gas industry. In turn the people that make over $250k who make products will likely raise the cost of their finished goods to us the public, and the oil and gas companies will also pass those additional tax costs onto the public as well.

    The President needs to realize that real job creation is a function of the private sector and they will only create these jobs when they have certainty in their future tax obligations and governmental policy. Neither of which they can count on right now so even while many businesses could expand they are reluctant to do so.

    The President needs to realize that his Jobs Bill is not the way to help our economy out of the recession. He needs to realize that continued spending by the government won't do it either.

    What we need is a President that understands economics and the powerful role that the private sector plays in the economy. Our current President only seems to to understand Big Government and nothing else.