China Plans Tax Cuts—Obama’s Tax Hikes On All Americans

China’s New Tax Cut Good News for Consumers Amid Rising Inflation –Peoples Daily

In his latest–latest major address last week, President Obama called for tax hikes as a way of cutting the deficit, his plan supposedly will begin to cut the deficit (eventually) starts in 2016.

Aside from the fact this is woefully late, the plan centers on higher tax rates for upper income Americans (job creators) that will pass on their tax hikes and increased costs to consumers, because those tax hikes won’t nearly cover the deficit, Obama’s plan calls for vast increases in tax collections from the middle class.

More here from Heritage Action for America

Related: During Obama’s Watch the U.S. Dollar Tumbles to 3 Year Low –Xfinity Comcast

Gold Settles at Record High of $1503.80 –MarketWatch

Oil Settles Above $112 a Barrel–Natural Gas Rises -Barnett Shale

Obama’s Solution: New Task Force will Examine Gas Prices –BusinessWeek

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