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Obama’s tax increase doesn’t only touch the "wealthy"

February 27, 2009

Anyone with even a quarter of a brain knows that. I could go on forever about the ways his proposed taxes will nickle and dime us all to death, but I’d like to focus on one aspect – the number of businesses that will be affected by this dramatic tax increase.

Obama has claimed that no one making under $250,000 a year will be affected by this tax increase…but how many of you making less than that work FOR someone? Probably the majority of you do. And you know what? If the business you work for brings in revenue above $250,000 a year, they are going to see a tax increase too.

That is millions of small to mid-size businesses. The very backbone of our economy.

What do you think a business is going to do if it suddenly has to pay more taxes? They have to recoup that money in some fashion.

There are two main ways they will probably do it:

They can try to pass it on to customers – that means higher priced goods and services for everyone. It’s already becoming hard enough to make ends meet, do you really want to pay more?

They can reduce salaries or eliminate jobs – that means your salary or even your entire job is at risk. Does a tax increase seem that great now? You just got taxed right out of your job. You probably lost your insurance. And with other businesses in the same boat, where are you going to go find a job now?

And worst case-scenario, the business closes its doors completely – that means a loss of many more jobs, and the loss of potential jobs the company could have provided had it not been taxed into closing down.

If I could sit here on a Friday night and explain it in plain english in a way anyone could understand, why is it that our president doesn’t get it? He is supposedly surrounded by the best and the brightest, yet they’re going to willingly cripple American businesses?

Well, I think they do get it. I think it’s exactly what they want. It’s a nice quiet road to socialism when you’re a liberal….they have a way of sneaking it in one tax increase at a time.

If you still can’t see how these tax increases are bad for everyone, then you and Barack Hussein Obama deserve each other.

~T the D

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2 Comments leave one →
  1. cocked and loaded permalink
    February 28, 2009 5:25 am

    Fair Tax.org

  2. The Ripley Porch permalink
    February 28, 2009 1:49 pm

    By the time this entire thing comes around full circle…the rich will have their senator fixing up a special credit…naturally a $100k donation to a campaign…which will help them out of the Obama tax episode. So he can smile as he suggests this entire episode….because nothing will come from it.

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