Friday, January 23, 2015

Obama's tax plan an assault on economic growth cloaked in populist demagoguery!

Fox News.com ^ | January 22, 2015 | Steve Forbes 

The tax plan President Obama unveiled during his State of the Union is an assault on economic growth cloaked in populist demagoguery. It will not help middle class Americans but rather guarantee that their incomes remain stagnant. He wants to divert attention from the fact that his policies of higher taxes, blow-out spending, anti-growth regulations and the costly, chaotic government-created disruption of ObamaCare have caused median incomes to stay below what they were back in 2007.
Most Americans are deeply worried that their expenses are rising faster than their incomes.While the economy is showing more signs of life lately, it is far behind what it should be at this stage of an expansion. And this uptick is jeopardized by troubled economies around the world. Rather than us lifting them up--we are not strong enough to do that--they are more likely to drag us down. Germany is stagnant and the rest of Europe is in recession. So is Japan, the world's third largest economy. Mexico and Brazil are as well. China is slowing, as is neighboring Canada, our largest trading partner. Russia is a basket case
(Excerpt) Read more at foxnews.com ...

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