Thursday, August 11, 2011
Liberals: Please tell me how I’m wrong in regards to raising taxes on business?
Higher taxes on the business hurt the middle class most. When businesses have their taxes raised, they often are forced to cut back on expenses, which usually lead to layoffs. When small businesses are taxed at a higher rate, they often have to raise their prices just to maintain the same profits they were making prior to the higher taxes being implemented. When businesses that are just barely scraping by have their taxes raised, it could potentially force them to declare bankruptcy, thus having to layoff all their employees, and make their industry that less competitive. And given that the middle class consists of the majority of employees and consumers in this country, isn’t it clear the middle class is hurt most by increasing taxes on businesses? How am I wrong?
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