“This isn’t about taxing job creators; this is about helping job creators” — Barack Obama.
Is there a “fairness” factory out there somewhere producing jobs?
If not, many questions remain about Barack Obama’s obsession with ending Bush-era tax cuts. Namely, how it would do anything to help propel economic growth? (It won’t.)
Let’s concede for the sake of argument that Federal tax receipts wouldn’t plummet after the institution of the tax hike on those hiring. How does a proposed tax hike that would have a negligible impact on the deficit or $15 trillion debt and offers absolutely nothing to the private sector — unless the president is revving up his autopen to cut everyone checks — going to help job creation?