Contradictory Messages from the Obama Administration on Tax Increases:
"You don't raise taxes in a recession.President Obama - August 5, 2009
We have a Democratic president and administration that is prepared to sign a tough package that includesa revenue component.
President Obama - July 19, 2011
Former Obama Economic Guru admits Negative Effect of Tax Increases.
- In a study authored by Christina Roemer, Former Chair of President Obamas Council of Economic Advisors, found that even a tax increase of just 1% on the economy, would conversely have almost double a negative effect on the economy.
- If taxes went up just 1% - 1.84% would be taken out of the economy hurting job growth and economic activity.
- To view the study click HERE
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