The President also proposed tax hikes that target the oil industry and jet manufacturers, limiting their ability to “expense” purchases of capital equipment
Today, President Barack Obama is expected to announce his latest plan for reducing the deficit, and central to it are $1.5 trillion in new taxes, aimed predominantly at wealthy Americans. Unfortunately for the 14 million unemployed Americans, the President is continuing down his steady path of ushering in big spending policies, then turning to even higher taxes in order to pay for them. Who ends up paying the price? America’s job creators and those on the unemployment line.