Back Talk

Our two Democrat presidential contenders are doing their best to validate that statement. Barack Hussein Obama (there, I used his middle name. Oh well, the thought police already have my name on their list of P.C. violators) has promised to raise taxes to punish all those businesses and individuals who make too much money. He and Hillary vow to raise capital gains taxes and allow the Bush tax cut to die; i.e. a tax increase. They both want to levy a windfall profits tax on the oil companies and are strong opponents of oil exploration subsidies and are always pushing for restrictive demands on the companies. With our economy going through a down cycle, our national leaders should be taking every possible measure to restore it, but our Democrat politicians seem intent upon driving it further down for the simple but repulsive reason that they feel this is a way for them to regain power. Raising taxes and increasing the capital gains penalty has never, will never, and can never help the economy. Applying special taxes and restrictions upon oil companies has never, will never, and can never lead to more exploration and development and ultimately lower prices; in fact, the opposite occurs. Higher taxes take money away from capital investment, savings, and growth and put in the hands of inept bureaucrats who toss it into the pork barrel. DemPols either believe, or want us to believe, they are doing something sympathetic by raising taxes on businesses, when, if fact, businesses do not pay taxes; they factor them into the price of their product as one more expense, and, as usual, we consumers pay for them.