Many conservatives are convinced President Obama’s secret agenda now that he’s in office is to suck every last cent out of hard-working Americans through tax increases. The anti-tax tea parties on April 15 vividly displayed this widely held belief.
What is real: Obama will raise taxes — just not on most of the people who are worried about it. For those who make under $250,000 a year (the vast majority of Americans), Obama’s tax plan will either lower income taxes or leave those taxes unchanged.
Reality … there are many ways to raise taxes. Obama’s wonderful plan is to raise taxes on the evil satan’s who earn more than $250,000 a year. This means raising taxes on America’s small businesses. These small businesses account for about 70% of all existing jobs, and about 80% of all new jobs. Here’s the dirty little secret. The owners of these small businesses report their business income on their personal tax returns. These small businesses represent a huge percentage of the people who report those earnings over $250,000 a year. Obama wants you to believe that his tax increases will simply be taxing people who make over $250K a year. The reality is that he will be taxing these small business owners.
And how will small-business owners respond? RAISE PRICES! That’s how the oil companies handle it. Pass those tax increases off to the consumers. Government public-school educated myrmidons don’t really see price increases as tax increases by Congress and the President – just blame the business owners for raising prices, but that’s the reality of ignorance.
Tax increases will also be passed on in wage limitations for employees of small businesses, or even layoffs.
Are you starting to see how useful government public school education is to the looters? Obama can repeat his “no tax increases on those making less than $250,000″ a year line, and the government public educated dupes will buy it.
Isn’t it time for you to look beyond the headlines a bit and try to figure out what is really going on?
Neal Boortz
