During the President's speech today, he called for tax increases on the American people and small businesses in addition to those contained in his February budget proposal. It is important to keep in mind the negative impact that higher taxes have on job creation.
Mr. President, We Don’t Have a Revenue Problem, We Have a Spending Problem
During the 12 years…
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This past Sunday, on NBC’s Meet the Press, White House Senior Advisor David Plouffe stated, “the president's goal, and he's been clear about this, is to protect the middle class as we move forward here…in his term in office, he's cut taxes for the middle class over and over again…"
It’s a familiar refrain, but unfortunately, the rhetoric doesn’t match the facts. President…
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Source: Office of Management and Budget and the House Budget Committee
DEMOCRATS CALL FOR MASSIVE JOB-KILLING TAX INCREASE
FACT: The President’s budget calls for a massive and permanent increase in spending.
FACT: The $1.5 trillion increase in federal taxes in the President’s budget DOES NOT even pay for all that new spending – his budget NEVER balances and his deficits are GETTING…
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1. Unless otherwise noted, all figures represent Administration estimates. For official Congressional scorekeeping purposes, these provisions will be re-estimated by the Joint Committee on Taxation, which could result in variations in particular scores.
2. Other portions of the budget indicate that this figure -- which could suggest a proposed…
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In a Department of Justice (DOJ) legal brief in the case of the “State of Florida v. The Department of Health and Human Services,” the Obama Administration argues the individual mandate (requiring Americans to buy a government-approved insurance plan even if they can't afford it) is a constitutional exercise of Congress’s power to collect taxes.
But yesterday, when asked at a Ways…
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Below are statements from conservatives in support of the tax agreement that is expected to be voted on in the Senate today and later this week by the House. The agreement will prevent a massive, job-killing tax hike from kicking in on January 1.
Americans for Tax Reform (ATR): “The whole point of this tax deal is to prevent taxes from going up on anybody. It would be wrong to leave…
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Below are statements from employers, economists and market analysts in support of the tax agreement that the Senate approved today by a vote of 81-19. The House expects to vote on the agreement later this week, which will prevent a massive, job-killing tax hike from kicking in on January 1.
Susan Eckerly, National Federation of Independent Businesses (NFIB): "Senate passage of the tax…
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Starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans. This tax increase will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses.
As described below, Washington Democrats are targeting investors who provide the capital to help businesses grow and create jobs for…
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Small businesses all across America are protesting Washington Democrats’ plan to increase taxes. In a recent letter to members of Congress these employers wrote:
“Some policy makers propose extending only some of the current tax rates, arguing that only a handful of businesses would be affected if the top two tax rates are increased. They also claim that many of these firms are not…
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