Do you really think obamas increased tax bite on middle class people (yes, middle class) making $250K will simply mean a family is unable to go on an “exotic” vacation or buy a new car?
Well, the debate is over small businesses, and yes, that will be the impact. The owners will not hire anyone with an extra $7500. If you take 20% of that $7500 to account for a profit and 30% to account for overhead (office space, vacation, etc) that will leave you at most $4000 per year. Who is going to hire someone with $4k per year? This is nothing more than more class warfare to give the illusion that congress is fighting the good fight.
If 250 G is middle class, at what wage is poor or lower class determined???