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President’s Plan: Unbalanced & Leads to More Unemployed
Friday, November 30, 2012
These employers aren’t alone. According to the non-partisan Joint Committee on Taxation, nearly one million small businesses and more than half of all small business income earned will be hit by the President's tax rate hikes. Knowing that higher tax rates mean less money for investment and hiring, it is no wonder that both Ernst & Young and the Congressional Budget Office confirm that raising any tax rate will result in hundreds of thousands of jobs disappearing.