Posted on 07/09/2012 1:28:24 PM PDT by Nachum
With the economy threatening to fall into another recession and job growth plummeting, Obama came before the American people today demanding taxes be raised on those making over $250,000 a year, including what he admitted would include 3% of small businesses. Even if that 3% is correct, which is disputed, that 3% means a tax increase on 900,000 small businesses.
That's nearly a million small business owners who will now be even more crippled and have less capital available to expand their payrolls -- which of course means fewer jobs for the middle class and the poor who would like to someday enter the middle class.
Moreover, Obama's announcement today puts him to the left of Nancy Pelosi, who is only proposing raising taxes on those making over $1 million a year.
And who knew this was even possible, but Obama has moved to the left of even himself. In this video you can watch the President emphatically state that raising taxes on anyone, including the wealthy, during a recession is a bad idea:
(W)e have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposal that have come out of Congress, which by the way were different than the proposals I put forward, still wouldn't kick in until after the recession was over. So he's absolutely right. The last thing you want to do is to raise taxes in the middle of a recession.
(Excerpt) Read more at breitbart.com ...
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Someone needs to figure out how many employees are employed by those 900K businesses. Would be a more powerful retort. Of course the Romney campaign will let the 97 percent crap stand and say nothing.
"Tax and tax, spend and spend, elect and elect!" by one of President Franklin D Roosevelt's closest aides, Harry Hopkins.
Perfect!
Clearly, President Obama is playing The Class Warfare Card. Unabashedly.
Presumably, he is hoping that this will fire up his leftist base, and help to engender resentment in the middle class generally.
Why it is that some people continue to insist that this is a man of principle, rather than a hack politician, I really have no idea...
Please refresh my memory. Obama said that before Michelle got her job, when he was a state senator making $300K a year, that they couldn’t make ends meet. He says he wants to raise taxes on millionaires -— then lowers the level to $250K ..... Does he have a problem with numbers?
Obama has ALWAYS been to the left of Pelosi.
He’s just becoming more blatant about it.
Pelosi is a lot smarter than the won, and Nancy is pretty dumb.
That sounds like a Cook County Democrat.
One-trick Marxist.
zerO wants more taxes “only” on the small businesses that make over $250,000K
You know... the ones that make enough money to actually hire employees
all obama knows about running a business, he learned from his pot dealers
Illinois State Senators don’t make $300K. More like $70K.
Big Mo was the one who made the 300K a year. But we’re told her job had nothing to do with his position.
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