(Market Watch) With the help of Senate RINO’s lawmakers passed a bill early this morning that raises taxes on job creators, increases capital gains taxes and delays any real spending cuts for two more months.
In 2011, Conservative political columnist Pat Buchanan writes in his column entitled An Establishment in Panic “…What school of economic thought–Keynesian, Supply-Side or Monetarist says raising taxes in a slumping economy is the recipe for a return to prosperity? There is no such school. Why, when the whole country is talking about the need to create jobs, would Congress raise taxes on a private productive sector that employs six in seven Americans and is the creator of real jobs.”
With $1 Trillion of New ObamaCare Taxes taking effect today (who knows what black hole will swallow up that money) how is it that raising even more taxes in an anemic economy is going to create even a single job and open the flood gates for new business development and economic expansion?