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Why does Obama want to increase taxes which will lead to even more job loss in our weak economy?

John McCain does NOT want to increase taxes at all! HE HAS SAID THAT! But Obama wants to increase taxes on small and large businesses, which will lead to job loss and decreased benefits for the middle class worker! What happens is small and large businesses will have to cut back on jobs and good benefits in order to pay the higher taxes. This means that the middle class blue-collared worker would not only lose good benefits, but could even lose there jobs!

Asked By: Boomer - 10/16/2008
Best Answer - Chosen by Asker
Obama comes from Illinois, the highest, or one of the highest taxed states in the country. He believes higher taxes and bigger government will save us, like most liberals and democrats do. It's crazy... More
Answered By: Liss Reynolds - 10/16/2008
Additional Answers (24)
Because he is a democrat
Source(s):
Answered By: ♥ Lana ♥ - 10/16/2008
 
Any ecnonmic expert will tell you that Obama has the wrong idea. You have assessed the issue perfectly!
Answered By: red - 10/16/2008
 
Maybe it has to something to do with a national debt of over $10T and rising at $500B per year.
Answered By: Morey000 - 10/16/2008
 
wrong This is a talking point, he wants tax credits to small business making less than 250k a year which is most small business... plus he wants to invest in solar wind and geothermal which will create jobs
Answered By: loutejada - 10/16/2008
 
First of all, if you ever bother to go to college and study economics, you will learn that taxes are not the first thing that companies consider when deciding to expand or downsize. They do consider them, but the differences here are not significant enough for companies to decide to downsize due to taxes... More
Answered By: mrlinuxguy - 10/16/2008
 
He want's to be robin hood, steal from the rich and give to the poor. Vote democrat it's easier then working.
Answered By: L3o - 10/16/2008
 
why does mccain want to give tax cuts to the wealthy? because that seems really fair
Answered By: helloiloveyou222 - 10/16/2008
 
No one WANTS to raise taxes. And you left out a few facts about Obama's tax plan. You also failed to mention McCain is going to tax your healthcare benefits for the first time in history, Do your homework before posting please.
Answered By: JMan1500 - 10/16/2008
 
what about the money and tax credits he wants to give. if they would not have spent a trillion dolllars on the war in 1 year and now 700 billion to the rich to bail them out he wouldnt ask for it.
Source(s):
Answered By: chrisWife - 10/16/2008
 
Nothing against McCain as a person. But... More
Answered By: CM - 10/16/2008
 
Republicans cling to this myth of trickle down economics, and despite having a recession-near-depression on our hands, will admit that no amount of evidence shows they are wrong... More
Answered By: Nevets - 10/16/2008
 
He believes that only government can and should provide the services and that any means to take money from the wealthy (like business owners or two wage couples) and to redistribute to those that dont have money is good. Its just what he believes - read his books.
Answered By: dukemack - 10/16/2008
 
Obama started off his campaign trying to drum up a few votes by stating that he will tax the rich and make certain the middle and lower classes are "taken care of." Since then the economy has tanked but true to form, Obama contiues to spout his rhetoric. It shows the guy isn't very flexible.
Answered By: X - 10/16/2008
 
I am sorry to say this, but you really have no idea about economics. It's a little more complicated than you think. Investment of the public sector (financed by taxes) is in times of recession (like now) the most effective way to stimulate the economy. Or are you going to stimulate the economy by spending all your... More
Answered By: Voltaire Burt S - 10/16/2008
 
He can take the money and spend it on government programs for the jobless... More
Answered By: Morgan l - 10/16/2008
 
that is not true, go to fact check .org and get the truth. Under Obama , Making 250 or less u will get 3 times tax cut than McCain's plan.He is not increasing Business taxes.
Answered By: fab - 10/16/2008
 
Everyone in the financial industry knows this is a horrible idea at this point to raise taxes, Wall Street shudders the thought of an Obama presidency. Eighty percent of CEOS are voting for McCain not Obama. Why can't people see what this guy is all about? I guess a lot of his support comes from uneducated... More
Answered By: Have a Nice Day! - 10/16/2008
 
"Why does Obama want to increase taxes" What other way will Obama fund his 840 Billion in new programs. This 840 Billion in new spending will be over and above all current spending.
Answered By: Tom W - 10/16/2008
 
Obama is NOT going to raise the taxes on small businesses...or large one's because he is going to provide an incentive for them to bring jobs to the community through a tax cut to bring back those jobs from overseas...But, IMHO, conservative trickle down theories DO NOT work...there has been nearly 30 years of that "... More
Answered By: Artemis - 10/16/2008
 
Obama is out for Obama. He wants to be a king! The democrats can not seem to hear nor see this. Just like the bible says,there are people that are blind to and can not hear the truth... More
Answered By: Cali - 10/16/2008
 
Red says, "Any economic expert will tell you that Obama has the wrong idea." She's lying. Two large scale surveys of economists have been conducted, and in both surveys, the economists overwhelmingly said that Obama has the better economic plans.
Source(s):
Answered By: bl2 - 10/16/2008
 
Most people in US work for small businesses... More
Answered By: MatrixForever - 10/17/2008
 
I really, really did like Obama for a while. By the way, let me just say I hate John McCain. At no point in this rant will I tell you to vote for John McCain. We are in a very dangerous situation. What we need in this next presidency is a leader who does not want to score cheap political points and keep a failing... More
Answered By: Anthony P - 10/18/2008
 
Because he needs your taxes for his planned 1 trillion of new governmental spending.
Answered By: S . - 10/19/2008
 
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