President Elect Obama has promised tax cuts for 95% of Americans. Wonderful promise. Like a good accountant he wants to decrease taxes for average America but wants to actually increase government spending. Sounds like a good plan. It is also no secret that he wants to tax big corporations and certainly tax oil companies.
It seems to me, and please for any liberal out there, correct me if I am wrong but...
If Obama indeed taxes big companies and big oil companies, where do you think they will pass on their expenses? Let's see, Obama cuts taxes for us, creates greater taxes for industry all across America, creates greater government spending and where will that leave average Americans?
We will still carry the brunt of excessive government spending, maybe indirectly but rest assured if industry and corporate America see increases in their taxes it will get passed on to the consumer. Wonderful.
Folks, this isn't nuclear science it is simple economics. It doesn not take a degree to figure this out. Greater government spending means one thing = higher taxes period.
Saturday, November 22, 2008
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