Senate Democrats Agree With Obama To Raise Taxes On 1.2 Million Small Businesses And Destroy 700,000 More Jobs. Compare Their Failure To Reagan.

This is Obama’s “If you’ve got a business, you didn’t build that.  Somebody else made that happen” as it matriculates into our tax policy.

You need to go back and understand Obama’s argument.  What he was very clearly saying is that government basically built everything that allows businesses to succeed.  And therefore businesses – which owe their success to government – should pay more taxes.

As I’ve pointed out, if Government (with a big ‘G’ because liberals view Government as a replacement for God and you owe your God) is responsible for the success of business, it is also responsible for the “success” of mass murderer James Holmes and of virtually every single criminal.  Obama told us that Government gave us teachers.  Well, James Holmes went to a public school and had government teachers.  Obama told us that Government gave us roads.  Well, not only did James Holmes use those roads, but he used them to drive to his massacre site at the theater.  Obama told us that Government gave us loan and grant programs.  Well, James Holmes got a big government grant for his studies.  Obama told us that Government gave us the Internet.  And James Holmes used the Internet to buy his massive arsenal with his government grant

Government built the roads that murderers used en route to their murders.  Government built the schools that rapists used on their way to becoming rapists.  You can’t take these things that EVERYBODY benefits from and which only exist in the first place because TAXPAYERS built them for everybody to benefit from and then claim that they in any way, shape or form account for the success of businesses who got where they got by their hard work.  The argument that Obama offered and which the Democrat Party accepted lock, stock and barrel suffers from vicious infinite regress: Government does things, which justifies more govenment.  More government does even more things, which justifies still MORE government.  Still MORE government does still more things, which justifies yet more government.  And so on ad naseum.

The vicious regress is one of the most glaringly obvious results of poor thinking in logic and philosophy; and yet a vicious infinite regress literally forms the epicenter of the entire liberal worldview.

Anyone but a FOOL ought to immediately understand that the things that Government has provided are NOT the reason that business owners succeed.  Because not only criminals but every slacker on welfare ALSO uses schools and roads and government loans and the Internet.  The reason that businesses succeed is because successful business owners had dreams, worked hard to fulfill those dreams, had good ideas, demonstrated individual responsibility and took individual initiative, made difficult choices, saved and invested while others spent, etc.

And Barack Obama as an individual and the Democrat Party as a political group are nakedly evil for trying to falsely claim credit for the success of business and saying to them, “You OWE us for your success.”  But regardless of the smokescreens and lies they now blather in front of every microphone, the ugly, diseased cat is out of the bag.  When Government says, “We should be able to redistribute your wealth because we made all of your success possible, they end up punishing wealth creation and success and undermining the economy of everyone.  Except the slackers.

Morning Bell: Senate Votes to Raise Taxes on Small Businesses
Amy Payne
July 26, 2012 at 8:57 am

Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike.

This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working.

“Just like we’ve tried [Republicans'] plan, we tried our plan—and it worked,” he said.

But Obama’s Treasury Secretary, Timothy Geithner, said yesterday that “the economy is not growing fast enough,” acknowledging that “unemployment is very high.” “The institutions with authority should be doing everything they can to try to make economic growth stronger,” he said.

The President’s plan, now endorsed by the Democratic majority in the Senate, has little chance of going anywhere in the House of Representatives. But it has put the 51 Senators who want to raise taxes on record.

Perhaps the biggest lie in the tax debate is that this vote affects only “the rich.” That’s simply not true. Many small businesses, known as flow-through businesses, pay their taxes through the individual income tax. Ernst and Young estimates that these types of businesses “employ 54% of the private sector work force.” This tax hike squarely hits 1.2 million of these businesses that hire workers and have incomes above $200,000.

Rather than punishing just “the rich,” as Heritage’s Curtis Dubay notes, “By pinpointing his tax increase on incomes over $200,000, President Obama has maximized the detrimental impact that his tax increase would have on job creation.”

The Ernst and Young study on the impact of this tax hike showed that it could kill more than 700,000 jobs. This isn’t surprising, since the businesses it targets are some of the country’s most robust job creators. But it is surprising that a majority of the Senate would go along with this plan when the country is suffering from 8.2 percent unemployment.

As if that weren’t enough, the Senate’s actions would also raise the death tax from 35 percent to 55 percent. This confiscatory rate would hit small businesses and family farms exceptionally hard. Dubay explains:

The death tax is often portrayed as a tax that only rich heirs pay. In reality, the death tax hits family-owned businesses hardest. These businesses are valuable on paper because they have many assets that they need to make and sell their products. But the businesses’ book values are not representative of the families’ liquid assets. When a family member passes on, these families often have to sell all or part of the business to raise the cash to pay the death tax. This slows the growth of these businesses and in some cases forces them to lay off existing workers.

The Senate’s vote means we are no closer to preventing Taxmageddon, the nearly $500 billion tax increase scheduled to hit Americans on January 1. It is difficult to imagine the economy sustaining such a blow. Families will be hit with an average tax increase of more than $4,100 next year if Congress allows this to go forward. Instead of preventing this calamity, the Senate voted to raise taxes. It simply boggles the mind.

See our infographic: How Will Taxmageddon Impact You?

Where are your heads, Democrats???

Obama loves to pit himself against Bush and pass himself off as the “anti-Bush.” But in fact in many ways Obama is just LIKE Bush.  Bush ended his presidency with the philosophy that, “I’ve abandoned free market principles to save the free market system.”  That was how Obama BEGAN his presidency and he has been doggedly determined to continue to abandon more and more free market principles with every single passing day of his regime.

Obama isn’t the “anti-Bush”; he’s the anti-REAGAN.

Fill THAT one in the blank of Obama’s dishonest statement: “Just like we tried REAGAN’S plan, we tried our plan – and our plan worked.”

Gallup – the most widely recognized polling organization in America - points out that in the minds of the American people Ronald Wilson Reagan as the greatest American president who ever lived.  Reagan ranks five points above Abraham Lincoln who is #2 on the list.

We tried Reagan’s plan and it didn’t work?  Seriously, Obama?  You LIAR!

Obama has dishonestly attempted to harness Reagan’s mandate.  But again, he is a LIAR.  Obama is the ANTI-Reagan.

I rightly stated back in 2009 that Barack Obama would be an abject FAILURE which he has surely been.  And I pointed out in that article how Ronald Reagan saved America.  And I pointed out how Barack Obama – the anti-Reagan – would undo everything that Reagan had achieved that made him the greatest president in American history.  As I state, “Reagan’s policies set the trajectory for growth that would last for 20 years.”

When Bill Clinton finally realized that his connection with liberalism had made the first two years of his presidency an abject failure – which resulted in the largest Republican landslide in American history surpassed only by the asskicking Republicans gave Obama in 2010 – he categorically stated, “The era of big government is over.”  And he began to govern less like a liberal and more like a Reagan with the help of a Republican dominated House and Senate.  And America thrived under Republican policies.  Obama deceitfully wants to claim that Bill Clinton raised taxes; BILL CLINTON CUT TAXES FAR MORE THAN HE RAISED THEM.  It wasn’t until Clinton CUT the capital gains tax in addition to many other tax reforms that the economy truly took off and the budget deficit shrank.

You HAVE to allow the people who risk and work and invest to keep more of what they earn or you inevitably end up with LESS growth, less production, fewer jobs.  It is a simple fact of history that has been documented over and over again.

Obama has taken every good thing that worked for Republicans and Democrats alike and ended it.  He has taken every bad thing that has failed and expanded it.

Under Barack Obama, American labor participation – the measure of the percentage of Americans have been abandoned by the US economy – is at its lowest levels in over THIRTY YEARS since Reagan saved America.

We’re going backward while Obama demagogues and exploits the small business owners who built this country far more than bigger “Government” – which itself was an anathema to the founding fathers who wrote our Constitution – ever did.

Even Obama himself said “You don’t raise taxes in a recession.”  And it is by only the most technical definitions that America is NOT in a recession right now.  Growth is near ZERO and the growth that we have is diminishing to the point that economists are increasingly worried about the “substantial” likelihood of a double-dip recession.  You DON’T increase the taxes on job creators and expect more jobs.

Pull your heads out of your rear ends, Democrats.  And vote this turd out of office.  Obama has now documented with his demagogic policies that he will NEVER understand how the US economy works.

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One Response to “Senate Democrats Agree With Obama To Raise Taxes On 1.2 Million Small Businesses And Destroy 700,000 More Jobs. Compare Their Failure To Reagan.”

  1. The Dauntless Conservative Says:

    MichaelE: Well, I guess I didn’t build that extra room on my house either, stupid potus…what an illegitimate punk potus and insult he is.Never in my life have I witnessed such contempt for the American people as this punk potus. What scares me the most MichaelE is the blind electorate that follows this moronic potus.

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