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October 13, 2011
Video: Paul Ryan On Why Raising Taxes Hurts Job Creation
Topics: Political News and commentariesIf we taxed every millionaires in America at 100 percent, it would run the government for only four months. Yet, to hear President Obama talk, we can solve the nation's debt and jobs crisis just by "asking the rich to pay their fair share." Obama's asking this at a time when America's competitors are lowering their corporate tax rates (Canada to 15%, China's at 25%, England -22%), and instead of helping our companies he's proposing to tax 35 percent of business income at 50 percent within the next 14 months. It doesn't take rocket science to know that this will do nothing to encourage job growth.
Rep. Paul Ryan, Chairman of the House Budget Committee, helps make this fact perfectly clear:
Raising taxes hurts job creators. According to the Treasury Department, 80% of all American businesses file taxes as individuals - not corporations. This means that raising taxes on personal income will driectly hurt businesses.Meanwhile, Obama and his fellow job-killing Democrats, along with their #OWS mob, want ... among other ludicrous demands, for those business owners to have that money 'redistributed' by the federal government to accomplish ... ?
(H/t - Tina Korbe)
Posted by Hyscience at October 13, 2011 2:17 PM
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