The House Democrats with Obama cheering from the sidelines have proposed a 5.4 percent surtax on the highest income brackets. The Wall Street Journal notes today that six of the ten taxpayers effected are, in reality, small businesses, filing as a subchapter S or LLC. Thus more jobs will be whacked out of the economy to finance the health care plan.
The combination of the new surchange and the end of the Bush tax cuts is a massive, nearly twenty percent, increase on the very people that provide jobs for the economy -- small business.
Between cap and trade and the financing of health care, Obama and the Congress seem bent on getting us back to the 25 percent unemployments achieved in the Great Depression.
This is certainly change we can believe in....sadly. China must be loving it.