Wednesday, September 29, 2010

Obama tax hikes

I keep hearing Obama say as he has been travelling around the country speaking at various venues that he is committed to the middle class - no new taxes.  But then, he selectively decides to leave out how much his policies have already directly impacted the middle class, and all of the taxes he has already passed our way.

This is a great article from the Heritage Foundation breaking down the Obama tax hikes.  Also, keep in mind the damage that these taxes bring with them:

Small Businesses Hit the Hardest

Who Gets Hit By the Obama Tax Hikes?Will Congress and President Obama really maintain current tax rates for individuals making less than $250,000? Even if they do, the Obama tax hikes will still directly harm the most successful, growing and hiring small businesses in America. This means less job growth.

A War on Jobs: The businesses most likely hit by the tax hike are businesses with 20–250 employees. According the U.S. Census, businesses with between 20 and 299 workers employ more than 25% of the American workforce. These are your job growers, and the Obama tax hikes will stifle that growth.

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