President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
Click here if you care to read where the money will come from.
Some of the comments on that post.
This isnt a budget. Its a declaration of war against people who produce.
Looks like Obama is "escalating the W.O.E." (War on Employers)
Corporations don't pay taxes, their customers do.
Now we see how Obama is going to pay for (one-third) of his $3 trillion spending increase (assuming the programs are permanent). He's the most radical tax and spend liberal president in U.S. history. Raising taxes on businesses, investments, and small businesses that all pay the personal income tax rate is the perfect plan - if your goal is to dramatically shrink economic growth.
Slick Willy doesn't have anything on Obama. Lower taxes a smaller percentage (a lot smaller) than Bush's tax cut, then let Bush's tax cut expire.
Net result, an increase in taxes while Obama claiming to give a tax cut.
What worse than these new taxes is the amount of inflation that is going to occur within the coming year because of the money we are printing from absolutely no-where. We cannot create money and throw it at spending projects that will not create lasting jobs especially when the money runs out...
Those business tax hikes sure look scary. We ALREADY have the highest business tax rate of any industrialized nation. I see more jobs going overseas by this foolishness.
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