John Gizzi details in his latest Human Events article the business response to President Obama’s tax proposals:
In what is almost certain to be a repeated theme from the business community before the fast-approaching midterm elections, two business leaders who spoke to HUMAN EVENTS said without hesitation that Obama?s ending of the Bush cuts was a tax increase.
Not only is the business community sharply opposed to tax rates going back to their pre-2001 levels for couples making more than $250,000 a year, but they are also unimpressed with Obama?s call for $180 billion in selected tax credits and infrastructure spending.
One key player in the economy from the Bush Administration felt the latest Obama package was simply more stimulus spending and higher taxes.
?We should not do anymore government stimulus and we should not raise taxes on anyone,? former U.S. Secretary of Commerce Carlos Gutierrez told HUMAN EVENTS. ?It is not right to ask the American people to pay for inefficient programs that are designed to get votes for the President?s party.?
Gutierrez, a former chief executive officer of the Kellogg Company, predicted that ?the American people will pay dearly for this administration?s policies for years to come.?
The warning issued by Gutierrez could easily be a clarion call for a business-backed assault on both the Obama economic initiative and on congressional Democrats who support the President.
