Obama's Solution Is To Call For Higher Taxes.
FLASHBACK - President Obama: "The Last Thing You Want To Do Is Raise Taxes In The Middle Of A Recession." (President Obama, Remarks During An Interview With NBC, Elkhart, IN, 8/5/09)
OBAMA'S SOLUTION FOR THE 23 MILLION AMERICANS STRUGGLING TO FIND WORK IS TO RAISE TAXES ON JOB CREATORS AND SMALL BUSINESSES
The Joint Committee On Taxation Found President Obama's Tax Hike Would Raise Taxes On Nearly One Million Households And Small Businesses. "According to JCT, next year 940,000 households within the top 2 percent will report net positive business income and will face marginal tax rates that would be 36 percent or 39.6 percent under Obama's plan, up from 33 percent and 35 percent now. That represents 3.5 percent of taxpayers who have business income and 53 percent of net positive business income, the analysis said." (Richard Rubin, "Obama Plan Means Higher Taxes On Business Profits: Study," Bloomberg, 6/19/12)
Obama's Tax Hikes Would Hit Businesses That Account For 53 Percent Of All Business Income. "President Barack Obama's plan to raise tax rates for the top 2 percent of U.S. households would mean higher taxes on the people who report 53 percent of business income reported on individual returns, according to the Joint Committee on Taxation." (Richard Rubin, "Obama Plan Means Higher Taxes On Business Profits: Study," Bloomberg, 6/19/12)
(Continue reading: www.gop.com/images/research/obama_last_thing_you_w...t.pdf)
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