First Obama caved to homosexuals and now to anti-business loonies. He is establishing a pattern that exudes a lack of principles and ample inexperience.
Obama Caves
As you’ll recall, I reported recently that President-elect Obama included a very modest business tax break intended to stave off future layoffs in his proposed economic stimulus plan. But even that was too much for the anti-business Democrats in Congress. They objected and he promptly caved. Today’s Washington Post reports, “Bowing to widespread Democratic skepticism, President-elect Barack Obama will drop his bid to include a business tax break he once touted…”
Meanwhile, yesterday’s Wall Street Journal reported that congressional Democrats are working furiously to prevent the elimination of the “death tax.” A key component of the Bush tax cuts called for the phase out of the “death tax” by 2010. But Obama reportedly wants to stop the phase out and he wants to lock it in permanently at 45%.
Mr. Obama has said in the past that he supports tax hikes “in the interests of fairness.” But there is something fundamentally unfair about the government confiscating nearly half of your wealth after you die and after you have paid taxes on it throughout your life!
Here, too, there are several Democrats who have campaigned against the “death tax,” and we intend to hold them to their promises!
Gary Bauer
Campaign for Working Families
Obama Caves
As you’ll recall, I reported recently that President-elect Obama included a very modest business tax break intended to stave off future layoffs in his proposed economic stimulus plan. But even that was too much for the anti-business Democrats in Congress. They objected and he promptly caved. Today’s Washington Post reports, “Bowing to widespread Democratic skepticism, President-elect Barack Obama will drop his bid to include a business tax break he once touted…”
Meanwhile, yesterday’s Wall Street Journal reported that congressional Democrats are working furiously to prevent the elimination of the “death tax.” A key component of the Bush tax cuts called for the phase out of the “death tax” by 2010. But Obama reportedly wants to stop the phase out and he wants to lock it in permanently at 45%.
Mr. Obama has said in the past that he supports tax hikes “in the interests of fairness.” But there is something fundamentally unfair about the government confiscating nearly half of your wealth after you die and after you have paid taxes on it throughout your life!
Here, too, there are several Democrats who have campaigned against the “death tax,” and we intend to hold them to their promises!
Gary Bauer
Campaign for Working Families
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