Skip to comments.President Obama Visits North Carolina, Where His Policies Have Taken a Heavy Toll
Posted on 09/14/2011 2:50:24 PM PDT by 92nina
President Obama will be using taxpayer dollars to do what is effectively a campaign event tomorrow in North Carolina, not coincidentally a place which many consider to be a must-win state for him in next years election. While in the Tar Heel State, President Obama will be touting his new "Jobs Act," which entails another round of stimulus, but dont call it stimulus spending in excess of $400 billion, mostly funded by tax increases. In a recent column in The Daily, the NROs Reihan Salam laid out some good reasons as to why Obamas new proposal, in addition to being simply more of the same, is the wrong prescription:
On Obamas proposal to raise taxes on energy companies
Incredibly, the president used a jobs speech to make the case against tax loopholes for oil companies. To translate this into language we can all understand, the president is calling for increased taxes on drilling new oil and gas wells. This is despite the fact that weve only just unlocked vast amounts of domestic shale gas, an energy source that could reduce our dependence on oil imports and spark a jobs boom. If the central problem facing our country is that we have too many blue-collar jobs in the energy sector and that we rely too heavily on domestic energy sources, one could make a strong case for closing these tax loopholes. But if the opposite is true, as I think it is, this is a counterproductive step.
On Obamas continuation of class warfare by calling for higher taxes on upper income households...
Read more: http://www.atr.org/president-obama-visits-north-carolina-his-a6447#ixzz1Xxvjx1Cz
(Excerpt) Read more at atr.org ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.