Saturday, March 14, 2009 6:18 AM | newsmax
WASHINGTON -- Republicans are trying to build on some bipartisan misgivings over President Barack Obama's ambitious spending blueprint, claiming that the deficits and taxes he envisions are "destroying opportunities for the next generation." "The president and his allies in Congress want to spend too much, tax too much, and borrow too much," Sen. Charles Grassley of Iowa says in the Republicans' weekly radio address. "Somebody has to pay -- if not the middle class now, then later. Eventually the middle class gets hit."
Grassley said Obama's budget proposal to raise taxes, starting in 2011, on individuals earning more than $200,000 and on households earning more than $250,000 will hurt small businesses. "These small businesses happen to create 74 percent of all new private sector jobs in the United States," Grassley said. "Tell these business owners their taxes will go up. Odds are, they'll cut spending. They'll cancel orders for new equipment, cut health insurance for their employees, stop hiring, and lay people off." He also said Obama's proposal for mandatory limits on carbon dioxide emissions to combat climate change will lead to higher energy costs and amount to an "average hidden tax increase of around $3,000 per household a year." The Obama administration maintains that revenue from auctioning off carbon emission allowances would offset much of the higher energy costs for many Americans. In the past week, Obama's proposals for major health care, energy and education changes amid a recession faced skepticism from both Democrats and Republicans on Capitol Hill. North Dakota Sen. Kent Conrad, the Democratic chairman of the Budget Committee, called the track of future deficits "unsustainable." continue... |
Accepting a few district goodies do not and cannot outweigh the necessity for the GOP to provide a united front - otherwise the party simply looks hypocritical.
ReplyDeleteGood points on how O's policies will put the crush on small businesses. The issue got lots of play during the election but has sadly faded to the background. We talk about the direct affect on the small shops and the economy here: http://www.chlorinatedliberty.com/2009/03/obamanomics-apocalypse-for-small.html
Keep up the good work!