Power Line News

http://www.clubforgrowth.org/2008/05/don_young_votes_for_tax_hike.php

Without a doubt, this tax increase will prove harmful to the economy, stifling innovation, productivity, and job growth. To make matters worse, the tax will be especially harmful on small businesses whose owners often file their business income on their individual tax returns. In fact, the Tax Foundation reports that almost 83% of all income tax returns with over $1 million in income are business owners. A tax that is supposedly on the rich will in fact hurt everyone.

Is this supposed to be that ‘tax relief for the struggling middle class’ we keep hearing about from the Dems?

I’ve been involved with small business consulting for a decade, and I can tell you with all candor that state and federal bureaucrats often act as if they are completely indifferent to small business, in their myopic vision all business is filled with corrupt greedy owners who only want to oppress their workers and stiff the government, regardless of their size.  This is just another logical step in an illogical direction.  The concept of “biting the hand that feeds you” and the economic dislocation they create and the impact it has on families borders on the delusional.

Ayn Rand’s real-life looters at work.