"In January 2010, the president said that it's no time to raise taxes on anyone because the economy is too weak, it's only growing 2.3%. If the economy was too fragile then for a tax increase on the wealthy, why is it okay now when it is growing more slowly at 1.5 percent?"
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It should come as no surprise that Axelrod would not answer the question.
Our president and his allies are trying to make the case that it is time to raise taxes on the wealthy. Economists and even the president argued it was a bad idea two years ago when the GDP was 2.3%. The economy has slowed to 1.5%. Why would it be more effective this time around?
Allowing the Bush Tax Cuts to expire when our economy is so fragile is a risky move at best. Why? The vast majority--80% of small business owners---file their small business taxes at individual rates. Our tax codes recognize sole Proprietorships, LLC partnerships and S Corporations as "individuals." This means that small businesses, not just the uber rich like Mitt Romney are considered "wealthy."
Raising taxes on the wealthy, raises taxes on small businesses.
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Our president continues to make the case that wealthy have an obligation to pay "a little more," but his refusal to allow an exemption for small business owners is a blaring reflection that the president does not understand our economy.
Mr. President, small businesses are responsible for 65% of new hiring in this country. Why would we want to make it any harder for them to hire more people?
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The president is relentless in his pursuit to portray Mitt Romney as being too wealthy and too out of touch to relate to the American people. Why? Because it helps his campaign. Period. This might be an effective way to smear a rival, but in the end it is no way to help our economy.
How different would things be if we had a president who was more focused on running the country than he seems to be focused on running an effective campaign?
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I will continue to make the case for the candidate whose record reflects an individual who also "inherited" a few messes in his career, but the blaring difference is that Mitt Romney actually turned those messes around. Furthermore, is there even one situation where Mitt Romney blamed a failure on a predecessor?
Romney's record reflects job growth, job creation, lower taxes, and lower deficits. The same cannot be said for our president.
It speaks volumes that our president is more often credited for running a "brilliant campaign" than he is credited for the job he has done in the oval office.
We deserve better.
Go Mitt!
If only a brilliant campaign reflected a brilliant economic recovery strategy. I listened to one of Obama's commercials during the Olympics. He spoke on things that this nation needs to see in order to survive and thrive. I agreed with him. The problem is though that he is not going to do those things and does not know how to make our country get out of this mess. I am so afraid that people will hear his message and think like I did, "yes, we do need that." But then fail to realize that Obama does not know how to make it happen or maybe does not even want it to happen because a nation is more pliable when weak.
ReplyDeleteMy biggest problem is that he had great things to say the first time around and he did not accomplish any of it. How can anyone even remotely believe what he is saying now?! Go Mitt
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