Tim “Tax Cheat” Geithner is calling for higher taxes on small businesses. Clearly this man is economically illiterate. Raising taxes on small businesses would destroy what’s left of the already struggling US economy.
(CNSNews.com) – Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”
The administration’s plan to raise the tax rate on small businesses is part of its plan to raise taxes on all Americans who make more than $250,000 per year—including businesses that file taxes the same way individuals and families do.
The goal is obvious. Destroy small businesses so the Big Corporations in bed with the Obama regime can dominate the economy. This is State Capitalism, which was the economic model of Benito Mussolini and many 3rd World Liberation tyrants. This is Economic Fascism people.
Tags: State Capitalism, Timothy Geithner
