Obama win to cost middle class families $3,500 tax increase

October 15, 2012 08:30

Obama allows his Marxist ideology to trump reason in his tax philosophy. He argued in 2008 debate with Hillary that even though increasing capital gains rates would actually generate LESS revenue for the government he would raise tax rates anyway for “reasons of fairness.” The same fiscal insanity was shown by Joe Biden when Paul Ryan pointed at that both Ronald Reagan and Democrat John F. Kennedy LOWERED tax rates to generate more tax revenue. It worked in both cases but facts don’t matter to leftist ideologues.

Obama himself stated just two years ago that it’s stupid to raise tax rates in a weak economy. Yet he and his sycophants in his party continue to hold our economy hostage to their punish success ideology. “Fair share” is Democrat speak for socialist/Marxist redistribution of wealth. Don’t be fooled again. We cannot afford four more years of economic suicide.

Democrats recently expressed their willingness to send this country off the fiscal cliff by allowing taxes to rise for everyone on January 1 if Republicans refuse to raise taxes on job creators. With 41 straight months of unemployment over 8 percent and 23 million Americans unemployed or underemployed, raising taxes on job creators is the worst possible thing we could for our struggling economy:



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