Tuesday, February 02, 2010

My Way News - Obama budget would impose host of tax increases

How much longer do they think we'll accept this shell game? We AREN'T STUPID! We - the Small Business Owners of America drive the countries economic engine. And I, for one am wondering what the point is anymore??? It used to be to achieve success....now it's scrambling to stay alive.....what - WHAT is the point of starting or running a small business anymore?

My Way News - Obama budget would impose host of tax increases:

WASHINGTON (AP) - While President Barack Obama is proposing to cut some taxes for companies that hire workers, his budget would raise a host of other taxes on businesses and wealthy individuals.

The budget proposal released Monday would extend Obama's signature Making Work Pay tax credit - $400 for individuals, $800 for a couple filing jointly - through 2011. But it would also impose nearly $1 trillion in higher taxes on couples making more than $250,000 and individuals making more than $200,000 by not renewing tax cuts enacted under former President George W. Bush. Obama would extend Bush-era tax cuts for families and individuals making less."

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