Thursday, December 9, 2010

Less of a Hike then we Planned for

It sounds like Obama's plan for a tax increase will not effect as many people as he and Republicans are claiming. Obama has defined "income" in his new bill so generously that only about 2% of America will receive the new tax increase. This article describes how Obama's tax increase is not as devastating as Republicans want you to believe. It clearly states that we could be much worse off then Obama has decided.

With the Bush Tax Cuts accounting for a large amount of America's negative income is it too much to ask for the Government to make more money? Really people a business can not run without making money. Why do you expect you government to be able to... and business aren't fighting wars across the world and back.

Read more about the article here: http://money.cnn.com/2010/09/24/news/economy/taxvox_bush_tax_cuts/index.htm