Small Businesses Will Be Hit Hard

The Obama tax plan is beginning to take shape. If you think things are bad now, wait until small businesses get taxed more!

Consider unemployment. Small businesses provide most of the jobs in the US. Those owners don't simply pocket their profits, they hire people in order to do more business. If you tax them more, not only will they not be able to hire more people--precisely what our economy needs--they will have to lay off more!

Furthermore, their increased costs of doing business due to taxes will force them to increase the price of their goods and services.

The Washington Post printed this:

"For the vast majority of people who earn less than $200,000, raising taxes on higher earners might not sound so bad. Yet a lot of small businesses are in that category," Sen. Charles E. Grassley (R-Iowa) said in a recent radio address. "Tell these business owners their taxes will go up; odds are, they'll cut spending . . . stop hiring and lay people off."

Don't believe for a minute that you won't suffer! If you are in the US or dependent on some aspect of the US economy you WILL lose!

Yes, this IS change and you WILL believe in it when you and your family suffer from it.

Read the rest of the story here.

Can we as individuals stop it. Yes, IF we contact our elected representatives in Congress. See the link to the right to call, email, fax, and write your Representative and Senators.