“Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.” Fox News
Barack Obama, who in the debate with Hillary Clinton revealed his ignorance of economics and tax changes impact, has basically admitted he was wrong about taxing the so called wealthy. According to The Tax Policy Center, Obama has planned to raise taxes on small businesses that make more than $250,000. Small businesses employ the most people in this country. They are already taxed to death. Raise taxes on small businesses and unemployment will skyrocket.
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