For many Americans, talk of tax increases on the rich -- or as the Democrats say, "millionaires and billionaires" - probably doesn't affect you directly. In other words, you yourself may not be worried about tax increases. But what about your employer? Your employer may earn more than $250,000 a year for your business, which is reported on his or her income tax return. THAT person IS facing a tax increase, and the more they pay in taxes the less they have to pay you. The less money they have to give you a raise or a bonus. The less they have to buy you a new printer or computer for your work. The less they have to hire another worker to help with your workload. In other words, even if you are not "rich," these tax increases DO concern you.
If you don't believe me, then try arguing with the Heritage Foundation ...
The Obama tax hikes on the "rich" would result in 238,000 fewer jobs in 2011, and the U.S. economy would average 693,000 fewer jobs each year over the next decade. The loss of potential jobs affects other workers as wages do not increase as fast. For a typical family, disposable income would be $1,000 lower each year for the next five years. Business investment and personal savings would fall by over $70 billion each year for the next five years. These lost jobs and incomes would make it even harder for the economy to reach its full potential.If this is the case, then how can Nancy Pelosi - officially elected as House Minority Leader - stand up and say, "The message we received from the American people is that they want jobs," and then continue to push for tax increases on the rich. Please, explain to me how she plans on making that happen? If the Democrats were really serious about jobs, they would put their Marxist utopian dreams aside and commit to maintaining lower tax rates for all Americans.
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