According to Americans for Tax Reform, President Obama will call for yet another tax on employers during tomorrow’s State of the Union speech at a time when the country still faces anemic job growth.
In his State of the Union speech on Tuesday night, President Obama will propose a net tax increase on American employers.
Dusting off a “corporate tax reform” plan from his 2012 campaign, the President will propose raising taxes on all employers while cutting rates for only the largest companies. Here’s how the plan works:
The President’s plan is a net tax increase. According to reports, the “offer” President Obama is making is to raise net taxes on employers, and use some of the tax increase revenue windfall to pay for Democrat-aligned union construction projects. The Republican House would never support a net tax increase, and using the money to fund Big Labor (and, by extension, Democrat campaign coffers) is hardly a sweetener.
Post Continues on townhall.com ...