• Heritage Action   • Heritage Libertad   • More  July 12, 2012
Job Creators and Taxes: Obama Plan Would Hurt Small Businesses,
Jobs   "The last thing you want to do is to raise taxes in the
middle of a recession, because that would just suck up - take
more demand out of the economy and put businesses in a further
hole."  That was President Barack Obama in 2009, trying to
reassure Americans that he was going to wait until after the
recession to raise taxes. Now he's begun pushing again for
higher taxes on the "wealthy," which actually would hit 1.2
million of the country's most successful job creators. As if the
Obamacare tax hike and the rest of Taxmageddon weren't enough.
The tax increase du jour is a recycled one: the president's
long-held plan to raise taxes on incomes above $200,000
($250,000 for families). Interestingly, Obama is to the left of
his liberal allies in Congress such as Sen. Charles Schumer
(D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) on
the definition of the "rich."  Schume