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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer -
"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
taxreformer -
Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
taxreformer -
The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
taxreformer
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Michael Bloomberg: Raising taxes on the rich is “about as dumb a policy as I can think of.”
“You saw in France people moving out when they raised the tax rates. Whether you like it or not, the wealthy are mobile.”
New York mayor Michael Bloomberg, who endorsed President Barack Obama on Wednesday, announced on Oct. 8 his view that raising taxes on the rich was “about as dumb a policy as I can think of.”
President Obama has been vague on what he would do if given a second term, but he’s been loud and clear about one thing: His desire to raise the top two marginal income tax rates. Obama’s plan would raise taxes on one million small businesses.
Bloomberg’s statement was in reaction to New York mayoral candidates’ advocacy for higher taxes on upper earners. As quoted by Capital New York on Oct. 8:
"Well if you want to drive out the 1 percent of the people that pay roughly 50 percent of the taxes, or the 10 percent of the people that pay 70-odd percent of the taxes, that's as good a strategy as I know," he responded. "That's exactly the ways to do it, and then our revenue would go away, and we wouldn't be able to have cops to keep us safe, firefighters to rescue us, teachers to educate our kids."
According to the Oct. 13 New York Post Bloomberg also said:
“You saw in France people moving out when they raised the tax rates. Whether you like it or not, the wealthy are mobile.”
Unfortunately for small business owners and their employees, President Obama disagrees.
According to the IRS, most small business profits face taxation in households making more than $200,000 per year. The Obama-Biden plan will raise taxes on a majority of small business profits and hit those companies which employ a majority of Americans who work for small businesses.
Even a Big Gulp-banning, gun-grabbing mayor can understand that, Mr. President.
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Posted by John Kartch 
on Friday, November 2, 2012 2:53 PM EDT
on Friday, November 2, 2012 2:53 PM EDTTo follow John Kartch's RSS feed click here. To follow them on Twitter, their handle is @johnkartch
