Watch out! President Barack Obama wants to raise taxes. That’s a very bad idea — especially in this time of economic crisis.
His pitch is to raise taxes on “somebody else” — not you — just on the people in the higher income brackets.
But not only are tax rates already far higher on bigger earners, those earners are the very people who are most important to us all in generating economic recovery and creating jobs for people in all income ranges.
To expand economic opportunities for us all, we need to avoid higher taxes — and to reduce unnecessary federal spending, especially the kind that is politically rather than economically motivated.
Fortunately, some Democrats in Congress are joining Republicans against tax increases. But unfortunately, Obama has a different idea.