Monday, September 19, 2011

It's Basic Math, Mr. President,Your $1.5 Trillion Tax Hike is a Jobs Killer

Cartoon by William Warren as found at 9/19/2011
Obama’s Play Now, Pay Later Philosophy 
Will Lead Nation to Ruination

“Basically, President Barack Hussein Obama wants to play (with taxpayers' and China’s money) now, but wants (taxpayers to re-) pay much later.” --- gregjaye

The follow is a press release distributed today by Americans for Limited Government (ALG) following the President’s presentation of his proposed plan to fund his outrageous and aptly described jobs plan, “Save Obama’s Job Act of 2011 for the 2012 Election.”

Sept. 19, 2011, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement urging Congress to reject a White House proposal to increase taxes by $1.5 trillion over the next 10 years:
"It is ironic that the Obama Administration chalked up his proposals to being simple math when the outcome of raising taxes on job creators will be fewer jobs.  That's the real math.
"During the longest period of sustained high unemployment since the Great Depression, Congress must resist policies that are designed to take more from the private sector.  We should be lowering the cost of doing business in the U.S. so we can compete with overseas companies, not increasing it.  Raising taxes by over a trillion dollars is a jobs killer.

"If Obama wants to reduce the deficit he should try cutting spending, and if he wants to help the economy create jobs, he should try cutting taxes.  And by cuts, we mean real cuts in spending, not reductions in the growth of spending, and not counting reductions in war spending that has never been committed to.  Actual government programs should be eliminated."

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