Will Small Business Survive Obama Tax Battle

Will Obama Destroy Small Businesses With Tax Increases?

Since last year’s campaign, President Obama has vowed repeatedly not to increase taxes for families making less than $250,000 a year. That pledge, while politically popular, has left him with just two primary sources of funding for his ambitious social agenda: about 3 million high-earning families and the nation’s businesses.

Liberal Obama has said he hopes to “restore some balance to the tax code.” In reality what Obama is doing is redistributing wealth. What balance is there in the tax code when you raise taxes on everyone making $250,000 or more and reduce or eliminate taxes on everyone else. The top 5% of taxpayers pay over 90% of taxes now. more