The Obama Effect: Higher Taxes=Less Jobs

Jay Nordlinger shares a letter from a friend over at The Corner.

She writes,

Just thought I’d send some thoughts from small-business America. My husband’s business is a canary in the coalmine. When tax policies are favorable to business, he hires more guys, buys more goods, etc. When he is taxed more heavily, he fires people, doesn’t buy anything new, etc. Well, duh. So, at the mere thought of a President Obama, he has paid off his debt, canceled new spending, and jotted a list of whom to “let go.”

The first of the guys will get the news tomorrow. And these are not minimum-wage earners. These are “rich” guys, making between $200,000 and $250,000 a year.

My husband will make sure that we’re okay, money-wise, but he won’t give himself a paycheck that will just be sent to Washington. He’ll make sure that he’s not in “rich guy” tax territory. So, he will not spend his money, not show a profit, and scale his workforce down to the bare minimum.

Multiply this scenario across the country and you’ll see the Obama effect: unemployment, recession, etc. No business owner will vote for this man, but many a “middle-class worker” will vote himself out of a job. Sad the Republican can’t articulate this.

She layed out the folly of Obama's class warfare campaign and how his proposals will effect middle America.

Who is actually looking out for middle America? Not Obama. Raising taxes on small business and losing jobs isn't a plan for helping the middle class. Redistribution of wealth by providing 40% of working Americans a $500.00 handout kickback payola welfare "refundable tax credit" isn't serving the middle class, it's an attempt to buy votes on the cheap.

Who has a plan to keep jobs in America? McCain, lowering corporate taxes from 39% to 25% allows businesses to compete with the rest of the western world where the average corporate tax is 24%. Free Trade, Economist Steven Landsburg writes,

First, trade is the engine of prosperity not just for the United States but also for the poorest of the world's poor. Nothing matters more than that. Second, the instinct to care about the national origin of your trading partner (or employer, or employee, or landlord, or tenant) is an ugly one, and the instinct to care about the national origin of other people's trading partners—and on that basis to interfere forcibly with other people's voluntary transactions—is even uglier.

Finally, protectionism, like creationism, requires an extraordinary level of willful ignorance. The consensus for free trade among economists is approximately as solid as the consensus for evolution among biologists, and it is a consensus supported by a solid body of both theory and observation. To ignore that consensus betrays a degree of anti-intellectualism that frightens me.

[emphasis mine]

etc, etc, etc...