Its new burdens on small business include a looming increase in capital gains and personal income tax rates, roughly half of which will come from noncorporate business profits; a minimum wage increase to $7.25 an hour from $6.55 in July 2009 when the jobless rate was 9%; the oil drilling moratorium, which has hit hundreds of small energy companies; the new health insurance mandate on employers with more than 50 employees; the new ObamaCare 1099 tax filing requirements; an increase in the death tax rate to 55% next year from zero today; a Medicare payroll tax increase to 3.8% from 2.9% starting in 2013; and compulsory unionism for government contractors and federal construction projects.
And WE'RE supposed to submit to big tax hikes in a few months??
AND their privacy must be protected per the media???!!
We need to know AND they should pay up before the rest of us pay a $ more.
If this doesn't prove the Tea Parties right, it's hard to think of anything more that would...
Frankly I point fingers at republicans for not getting this atrocity repealed while they had the majorities in office. Too much reaching across the aisle, I'm sure.
We're settled for the night, will see daughter for a few days early this week.