Barack Obama has said that he will tax individuals and businesses with incomes over $250,000.
If you are a small business owner, you know that an additional tax could ruin you in these already difficult times. People who understand the concept of accounts receivable will know what I am talking about. For a small business with overhead and staff costs, $250,000 is not a huge amount of money.
If you don't personally make $250K, you may be working for a small business who does. If Obama is elected, he will tax your boss's business and the only recourse your boss will have is make cuts in staff or just say, "the heck with it" and close shop. There goes your job!
Also, Obama said that he will not renew the Bush tax cuts. That will hike your income tax to the Bill Clinton levels. Rep. Barney Frank (one of the architects of the Fannie Mae/Freddy Mac debacle) has stated that more taxes and spending are coming if the Democrats win.
It doesn't take a rocket scientist to tell you what's in store if Obama wins on November 4.
John McCain will not add to your and your boss's tax burden. The choice is clear, don't elect Barack Obama. Vote for John McCain-Sarah Palin.
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