Democrat Tax Increases are Coming

August 3, 2010 04:02

Washington’s policies of borrowing, spending, taxing and bailouts have already choked the economic recovery and caused private sector job creation to stagnate. Yet, Democrats seem ready to proceed with a tax increase that will affect virtually every taxpayer.

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The American economy has been built and sustained by risk-taking entrepreneurs whose pioneering ideas and hard work gave birth to flourishing businesses. Those enterprises, small and large, provide the jobs that have blessed our nation with economic prosperity; which is why it’s astounding that Washington Democrats seem determined to hammer small business owners with the largest tax increase in history on January 1, 2011.

America’s private sector has suffered enough for the past 18 months under the failed economic policies of the Obama Administration and Congressional Democrats. Nearly 15 million Americans are out of work and unemployment hovers near a heartbreaking 10 percent. The National Federation of Independent Business (NFIB) reported that optimism among small businesses “is dismal, capital expenditures are at 35-year lows and small businesses are still cutting more jobs than they are adding.” The NFIB also said that Congress must act quickly to ensure no tax increases for business owners in January.


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