Monthly Archives: September 2011
Not long ago, Obama warned that raising taxes in a struggling economy is “the last thing you want to do.”
In a 2009 interview with Chuck Todd, Obama said, “The last thing you want to do is raise taxes in the middle of a recession because that would just suck up – take more demand out of the economy and put business further in a hole.” Source
Yet now, with the economy in the worse shape of his presidency and since the “Great Depression” he wants to raise taxes on businesses…in addition to the coming 2013 tax increases that he has already passed that would make us the single highest corporate/business taxer on earth while other countries are falling over themselves to lower taxes so that their businesses can compete in the global economy?
Yep, that’s what he said.
UK economists state that the tax rate makes the UK “less competitive internationally, and is making us less attractive as a destination for both foreign investment and talented workers”.
It has done and IS DOING the same thing over here. It doesn’t take a rocket scientist to see that high taxes prevent corporations from hiring and from having competitive prices in the global market. The United States is the second highest taxer of businesses/corporations on earth. I wish Obama would admit that as Bill Clinton did. But Obama refuses to even humor the idea. He’ll bow to his socialistic philosophy no matter what it does to our economy and our people.