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Categorized | Senate News Briefing

Obama’s Small Business Tax Hike

Despite The Weak Economy, President Obama Wants To Raise Taxes On Small Businesses. Will Senate Democrats Agree With Him?

                                                            

Today’s Economy Weaker Than When Obama Extended All Tax Rates

 

2010 Economic Growth: 3.1%

Real GDP growth over the four quarters before Dec. 2010 tax rate extension: 3.1% (“Table 1.1.1, Percent Change From Preceding Period In Real Gross Domestic Product,” Bureau Of Economic Analysis, Accessed 7/9/12)

 

2012 Economic Growth: 2.0%

Real GDP growth over the previous four quarters: 2.0% (“Table 1.1.1, Percent Change From Preceding Period In Real Gross Domestic Product,” Bureau Of Economic Analysis, Accessed 7/9/12)

 

In 2010, Obama Said Tax Increases ‘Would Have Been A Blow To Our Economy’

 

PRESIDENT OBAMA: “…tax rates for every American were poised to automatically increase on January 1st… would have been a blow to our economy just as we’re climbing out of a devastating recession.” (President Obama, Remarks At Bill Signing, 12/17/10)

 

 

 

Forty Senate Dems Voted To Extend All Tax Rates In 2010

 

40 Current Senate Democrats Voted To Extend These Tax Rates In 2010: Akaka (D-HI), Baucus (D-MT), Begich (D-AK), Bennet (D-CO), Boxer (D-CA), Brown (D-OH), Cantwell (D-WA), Cardin (D-MD), Carper (D-DE), Casey (D-PA), Conrad (D-ND), Coons (D-DE), Durbin (D-IL), Feinstein (D-CA), Franken (D-MN), Inouye (D-HI), Johnson (D-SD), Kerry (D-MA), Klobuchar (D-MN), Kohl (D-WI), Landrieu (D-LA), Lieberman (ID-CT), Manchin (D-WV), McCaskill (D-MO), Menendez (D-NJ), Mikulski (D-MD), Murray (D-WA), Nelson (D-FL), Nelson (D-NE), Pryor (D-AR), Reed (D-RI), Reid (D-NV), Rockefeller (D-WV), Schumer (D-NY), Shaheen (D-NH), Stabenow (D-MI), Tester (D-MT), Warner (D-VA), Webb (D-VA), Whitehouse (D-RI). (H.R. 4853, Roll Call Vote #276, Motion Agreed To 81-19: R 36-5, D 44-13, I 1-1, 12/15/10)

 

Six Senate Dems Voted To Establish Rates In 2001 And 2003

 

SENS. MAX BAUCUS (D-MT), DIANNE FEINSTEIN (D-CA), TIM JOHNSON (D-SD), HERB KOHL (D-WI), MARY LANDRIEU (D-LA),  BEN NELSON (D-NE) Voted For “The Economic Growth And Tax Relief Reconciliation Act Of 2001.” (H.R. 1836, Roll Call Vote #165, Bill Passed 62-38; R 50-0; D 12-38, 5/23/01)

 

SEN. BEN NELSON (D-NE) Voted For “The Jobs And Growth Tax Relief Reconciliation Act Of 2003” In The Senate. (H.R.2, Roll Call Vote #179, Bill Passed 51-49: R 48-3; D 3-45; I 0-1, Bayh & Nelson (NE) Voted Yea, 5/15/03)

 

 

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog.

Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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