Obama’s Tax Increase Will Cost Jobs

Socialist Obama is going to raise taxes on those horrible people with income $250,000 or more.  According to Obama it’s time for them to pay their fair share.  The socialist doesn’t tell you people earning $250,000 and more pay the bulk of the taxes now.  No instead Obama as the socialist Democrats always do will pit the lower income against the people earning more.

What socialist Obama and the socialist Democrats won’t tell you is the tax increase will cost jobs.  At a time of high unemployment Obama will raise taxes and cost jobs in America.  This is how Obama will help America, by eliminating jobs for the average worker.

The majority of people earning $250,000 or more are small business owners.  These are hard working people who create jobs and wealth for America.  Tell me how many jobs and how much wealth socialist Obama has created?  The answer to that is easy none, actually since Obama was elected President the DOW has dropped over 2000 points.  That is destroying wealth and eliminating jobs.

Small businesses employ about half of U.S. workers. Of 116.3 million nonfarm private sector workers in 2005, small firms with fewer than 500 workers employed 58.6 million and large firms employed 57.7 million.  While small firms create 60 to 80 percent of net new jobs, their share of employment remains steady since some firms grow into large firms as they create new jobs.

Small firms:

• Represent 99.7 percent of all employer firms.
• Employ about half of all private sector employees.
• Pay nearly 45 percent of total U.S. private payroll.
• Have generated 60 to 80 percent of net new jobs annually over the last decade.
• Create more than half of nonfarm private gross domestic product (GDP).
• Hire 40 percent of high tech workers (such as scientists, engineers, and computer    workers).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.3 percent of all identified exporters and produced
  28.9 percent of the known export value in FY 2006.
• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

For you Obamabots, non believers all these figures are provided by your government.  We didn’t make them up, we got them from the federal government.

The people who own these small businesses are the ones socialist Obama and the Democrats want to raise taxes on.  America Obama’s plan will destroy jobs and the economy.  If socialist Obama raises their taxes to 39.5% they will cut jobs to cover the additional taxes.  Some small businesses rather than growing and creating new jobs will go out of business.

Is it time for a capitalist tea party?  America don’t let the socialist behavior of President Barack Hussein Obama and the socialist Democrats destroy America.  Join with SpeakNowAmerica.org today! We are ready to defend our rights and tell the truth the socialist main stream media won’t tell you. Join us America to protect your rights, your country, and your money. Comment here and email us at YourVoice@speaknowamerica.org. Help us and be part of bringing our Great country back.

Speak Now America! we want to hear from you.