It seems, in order to pay for his plan, he will raise taxes on "the rich".
By rich, he means those making more than $280,000 per year.
That's a HUGE slice of business owners....more than half of which would be considered 'small' business owners (fewer than 50 employees).....in other words....those most in a position to hire or not to hire based on their tax burden.
The owner of my restaurant would fall into this category.
How do you think he will absorb this extra tax weight?
Cut jobs? Cut hours? Cut pay? Cut benefits? Raise prices?
Or how about no more advertising expenses, which would lower customer count....which would still cause the same result to jobs, hours, pay, etc....
Another extra cost hits the books next week..... a 21 cent per hour minimum wage increase. I have to keep my labor percentage the same. How do you suppose I do that?
I have to cut hours for a single mom, two girls (one of them a single mom also)that are working their way through college, and another kid that just moved out onto his own after graduating high school, AND another guy that just found out his wife is pregnant.
I GET to cut their hours to make sure I'm not spending more than I was.
.
.
.
And you know what REALLY sucks????
By the time I get through cutting their schedule, they won't be eligible for our company's health coverage!!!!!
So Obama gets to make welfare bigger, while at the same time creating a brand new generation of welfare dependant people!!!!!
|