Everyone needs to stop drinking the GOP tainted kool-aid! There is no secret Obama tax plot. First, lets not get to far ahead of ourselves, it was the bi-partisan, equally split, super committee that put this trigger of sequestration in place. Which formed the so called fiscal cliff, in the midst of the last debt ceiling debate. Their actions also set precedent for S&P to down grade the AAA+ credit rating due to "serious political irresponsibility by the GOP in suggesting the U.S. would play politics while considering to default on its debt". The wealthy, so called "Job Creators" did pretty well under the Clinton era tax rates as most people recall, and yes there were some bubbles like the dot coms. to boost that growth. Also, lets not forget that EVERYONE would get the Bush era tax deductions on the first $250K., which IS crucial to avoid a possible so called "double dip recession" in the near term. However, I feel that all rates should eventually return to the Clinton era tax rates, long term. Meanwhile, to insinuate that companies, manufacturing or buisineses of all types, with the exception of IPO traders, credit default swappers and capital profiteers who live off derivative deductions, would be effected by returning to those rates is complete and utter nonsense. Anyone who's been through any business and economics classes above the minimum requirement level in high school knows that if demand for increased production occurs they WILL hire to full-fill consumer demand. It's very simple.
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