PRESIDENT OBAMA: "The Last Thing You Want To Do Is To Raise Taxes In The Middle Of A Recession Because That Would Just Suck Up -- Take More Demand Out Of The Economy And Put Businesses In A Further Hole." (MSNBC, 8/5/09)Obama wants to let the Bush tax cuts expire next year for people--and small businesses--making more than $250,000 a year, something some members of his own party disagree with.
PRESIDENT OBAMA: :We Have Not Proposed A Tax Hike For The Wealthy That Would Take Effect In The Middle Of A Recession." NBC'S CHUCK TODD: "But you might for health care. You might for the highest -- for some of the wealthiest." PRESIDENT OBAMA: "The -- we have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress, which, by the way, were different from the proposals I put forward, still wouldn't kick in until after the recession was over. So he is absolutely right, the last thing you want to do is to raise taxes in the middle of a recession because that would just suck up -- take more demand out of the economy and put businesses in a further hole." (MSNBC, 8/5/09)
Small businesses...they're the ones of course who create most of the new jobs.
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