Quote:
Originally Posted by Ed Hammer
If he is elected for a second term and you have to pay 55% taxes from your business I'm sure that will have nothing to do with Obama either.
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Obama wants to go back to the Clinton tax rates for people over 250k. Remember the time when we had the biggest economic boom in history? Higher tax rates gets money flowing back into the economy, right now companies are sitting on more money than ever before because of the historically low tax rates. If you have a company thats profiting half million a year and you're faced with either paying 200k in taxes or investing that money back into your company what are you going to choose?