What really is Obama’s economic plan?
The fact of the matter is that he, at this point in time, is saying one thing and is willing to do another.
He is a democrat politician after all. Notice, I said politician because I think that the majority of the grassroots believe in low taxes. This is the case especially with the southern democrats that have just been elected within the last two elections.
He ran to the left in the democratic primary and said that he wants to raise taxes. I believe, if he wants the money, that will have to throw them a bone. He will have to raise taxes enough to satiate them. He said that he plans to raise the death tax, capitol gains tax, and other assorted taxes that will hit everyone hard in a sinking economy.
He needs to understand that tax cuts stimulate the economy. You put more money into the people’s wallet and, for the most part, will spend the money. Banks and bill collectors have to make money as well. Then there are the businesses. If you cut taxes, then they will spend money on the running of their enterprises. Business owners will spend the money on more employees and equipment.
To sum up, tax cuts are good and tax hikes are really bad.
The fact of the matter is that he, at this point in time, is saying one thing and is willing to do another.
He is a democrat politician after all. Notice, I said politician because I think that the majority of the grassroots believe in low taxes. This is the case especially with the southern democrats that have just been elected within the last two elections.
He ran to the left in the democratic primary and said that he wants to raise taxes. I believe, if he wants the money, that will have to throw them a bone. He will have to raise taxes enough to satiate them. He said that he plans to raise the death tax, capitol gains tax, and other assorted taxes that will hit everyone hard in a sinking economy.
He needs to understand that tax cuts stimulate the economy. You put more money into the people’s wallet and, for the most part, will spend the money. Banks and bill collectors have to make money as well. Then there are the businesses. If you cut taxes, then they will spend money on the running of their enterprises. Business owners will spend the money on more employees and equipment.
To sum up, tax cuts are good and tax hikes are really bad.
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