1. President Obama proposes an expansive new health care program and announces higher taxes on wealthy individuals as well as businesses. His office estimates how much these higher taxes will yield. 2. Wealthy individuals and businesses figure out ways to cut their income as well as their tax burden.
3. The estimated increase from the tax hikes comes up woefully short of funding the program.
4. We all get hit with a tax increase.
Why am I sure of item 2? Due to my talks with family and friends. I believe there is a current backlash by taxpayers who are weary of working hard to earn money--only to have the government take their hard-earned dollars and give it to irresponsible people, whether they be bankers, octomoms, people who bought big houses on tiny incomes....
0 comments:
Post a Comment