Tuesday, January 1, 2013

The Fiscal Cliff Deal - A Job Killer

Raising taxes on a million small businesses, as just occurred in the Fiscal Cliff deal, without getting any spending cuts in exchange, is a real job killer.   The tax increases in this deal, particularly when combined with the 21 new taxes in ObamaCare that take effect on January 1, 2013, will probably result in a million people losing their jobs in 2013.   As a result of these tax incresases, Small businesses, that employ 70% of Americans will not hire new people, or make new investments, which will have a trickle down effect on the overall economy.   It is only common sense, something Socialists just do not understand since most of them, including Drama Obama, have never worked in the private sector. 

Obviously, if a small businessman or woman has more of his or her hard earned money confiscated by the federal government, he or she will have less to spend on new employees, or investing in equipment, or company growth.    Well dah!   Small businesses, demonized for their success as being "rich", are the job engine of our country.   Hurt them as just occurred in the Fiscal Cliff deal and you hurt the entire country.  

Republicans probably did the best they could to put this deal together given Socialist control of the Presidency and the US Senate; but now if they don't demand spending cuts every day in office, to stop Obama from borrowing 46 cents for every dollar spent by the federal government, adding to our $16.4 Trillion National Debt, the Republican Party will go the way of the Whig Party.  

If Republicans don't stand for limited Constitutional government, LOWER taxes and less regulations,  they have no reason for being that makes any sense.  As such, if Republicans don't strenuously fight Obama tooth and nail at every turn to stop more years of Socialist Creep, it is bye bye for the Republican Party. 

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