Obama’s Plans to Improve the State of the Economy Include Income Tax Increases that Fall Heavily on Small Businesses
Thursday, November 6th, 2008With the current global downturn, it is clear that the new President-elect needs to have a plan to help struggling Americans and lift our nation’s distressed businesses out of a lagging economy.
President-elect Obama wants to raise taxes on income, capital gains and dividends for families earning more than $250,000 annually. (By the way, I’ve heard $200,000 and $140,000 as well throughout the campaign and by Vice President-elect Biden).
Under Obama’s tax
