Wall Street Journal "One of the Obama administration's central (and most damaging) beliefs is that tax rates must be raised for what President Obama calls "millionaires and billionaires," which he defines to include individuals and small businesses making as little as $200,000. Interestingly, Christina Romer, who was chairman of Mr. Obama's Council of Economic Advisors, has done some research on the impact of tax increases, and concluded that increasing taxes by 1% of GDP for deficit-reduction purposes leads to a 3% reduction in GDP." Emphasis added.
DeMint: No American President More Anti-Business Than Obama (video)
"Jim DeMint says Obama is the worst offender when it comes to promoting American business."
Via Boortz
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