Look no farther than Illinois for an illustration of what President Obama’s proposed tax increased will do to the economy. Illinois raised the corporate income tax rate by 46%, and the personal income tax rate by 67%. Guess what happened after that? Unemployment went up. What a surprise.
Remember this when the presidential debate heats up and one side says we need to increase taxes on certain people, while not cutting spending.
H/T to Marathon Pundit
This is a do what I ask administration. In American politics, the president works with congress to achive results that benefit the people. This is the history of the presidency.
With Obama, he is unskilled in the craft of politics, so he is rendered inept in leadership. He does have the undying confidence of the liberal main-stream media that envisions a socialistic utopia led by the first black president!
Obama rode a media wave to the White House. Three years later, both Obama and the MSLM still believe that applying a tax to solve revenue problems must work!
From the illustrated map, the unemployment rate in Obama’s state of candidacy,Illinois, looks like the president’s record, backwards.
Screaming cannot fix this failure! Campaining cannot fix this inconvenient truth! Bashing congress and bypassing the rules of order established in congress cannot fix this problem!
Once Obama decides that his way is not the best way and his wishes are unmanageable, then there will be room for progress.
Raising taxes to enable unchecked spending is morally reprehensible!
To create an impossible impasse in the economy is the mark of remarkable immaturity. The tone of the impass is only worsened by resorting to threats and application of Class Warfare to blast away at congress is completely unacceptable!
A responsible press would create a sense of responsibility, instead the press enables the insanity of a demanding, self-absorbed despot.
Employment cannot be sustained in an irrational tax driven environment!
The only solution is compromise between the parties!!
Until compromise happens, the economy will suffer the results of destruction enabled by Class Warfare!
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Wow! Who would have expected such a result? Hasn’t raising taxes worked very well in every case it’s been tried before? Sure caught me by surprise.
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