Obama should be cutting taxes, not raising them.
Obama’s health care bill threatens businesses and working individuals with a new battery of taxes but taxes won’t be enough to help offset its costs. To help offset costs, the bill takes away tax incentives designed to encourage businesses to invest into the economy in certain ways, such as investing in solar cell technologies.
As if this weren’t bad enough, the Cap and Trade bill looms on the horizon. If passed into law it will further tax industry. Economics 101 tells us that tax burden will be passed to the consumer.
At this point it would appear America is on the verge of being taxed to death and suggests President Obama’s tax and spend policies will continue to exacerbate America’s anemic economy even further.