by John Nolte
With the economy threatening to fall into another recession and job growth plummeting, Obama came before the American people today demanding taxes be raised on those making over $250,000 a year, including what he admitted would include 3% of small businesses. Even if that 3% is correct, which is disputed, that 3% means a tax increase on 900,000 small businesses.
That's nearly a million small business owners who will now be even more crippled and have less capital available to expand their payrolls -- which of course means fewer jobs for the middle class and the poor who would like to someday enter the middle class.
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