Tuesday, October 28, 2008

Wolf in Sheep's Clothing

Barack Obama claims that his tax plan is going to expand the economy and grow the middle class. Oh really?

How do you expand the economy and grow the middle class with tax increases on those who sacr
ificed their time and personal money to realize the “American Dream”, only to have their hard earned money taken and redistributed to those who didn’t? How long will it take before those with the entrepreneurial spirit burning within realize that it won’t pay to sacrifice so much to gain so little? How long will it take before the creation of new businesses slows down or comes to a screeching halt? Will this expand the economy? Not likely! What it will do is stifle economic growth while decreasing the local, state and federal government tax bases.

How do you expand the economy and grow the middle class with tax increases on those that create jobs? Economic expansion does not happen from the bottom up as Obama continues to claim...no matter how much he wants it to be so. I don’t know anyone at the bottom of the economic ladder that provides one single job. Jobs are created by those at the top...and by some in the upper middle. When their taxes go up, they will be forced to compensate. How long will it take before businesses close down or move overseas? How long will it take before businesses start cutting hours or begin to lay off employees? How long will it take before they pass on their new tax burden to the consumer through higher prices and fees? By raising taxes on those who actually provide jobs and provide economic growth, Obama will be hurting the ones he professes he wants to help…the middle class.

Under Obama’s plan, the middle class will not grow by elevating the poor through more social welfare programs. It will grow by bringing those in the upper brackets down. When that happens there will be less money to go around, not more.

Do not be fooled by this wolf in sheep’s clothing. His tax plan is social welfare…plain and simple…as well as punishment for success. It will kill jobs…not create them. It will destroy the entrepreneurial spirit…not encourage it. It will crush this country and its economy…not grow it.

Heaven help us all if Barack Obama and his liberal allies get what they want.

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