Fortune 500 CEOs are liberal. They can absorb the cost of doing business. They won’t notice a few million more in taxes.
Small business owners - unless they make more than $200,000 a year - Obama’s taxes won’t impact them that much and even then they can avoid paying more taxes.
We’re talking about higher taxes on a Democrat constituency. Its not in conservatives’ interests to save them from themselves.
Don't buy the bullshit.
Throughout his campaign Obama claimed that small business people are only 3% of those making enough to be hit by his tax proposals. Romney never challenged him. But the truth is: it's a lie. That figure was ginned up by a left-wing think tank in Washington. How so? They counted everyone who had income reported on a 1099 form as being a "small business". Did you ever sell an item or two on EBay or Craig's List? Well, congratulations: Barack Obama thinks you're a "small business" now.
As for the Big Boys - they have availed themselves of outsourcing and offshoring opportunities only where they made economic sense in the context of an economy where fixed costs (labor, taxes, regulatory compliance) exceeded requirements for continued growth and profitability for the foreseeable future, and where new markets readily presented themselves.
Obamacare destroys that predictability - no one can safely predict profit margins or price points in a system where hoards of unelected bureaucrats make dozens of new regulations every day - as they are doing right now - in the service of laws that no one fully understands.
As a result (and coupled with the certainty of higher taxes): Fortune 500 companies will not simply outsource labor and offshore business units any more- they will move away to friendlier business locations. Such moves are already in the discussion phase with corporate consultants.
There are plenty of republican and small business owners that will be hurt. The real folks that will be destroyed with this philosophy are folks like myself and DH. We make just enough to be “rich”. Because we are rich we have 2 kids in college paying out of pocket because we make too much for financial aid (and happy to do it, I don’t want government cheese). We are supporting our son and DIL who are currently jobless and pregnant. We are helping out elderly parents. So despite being “rich” there is precious little left in the account at the end of the month. Every car I have has over 80k miles on it. And Obama wants to raise my taxes drastically? I literally will end up putting tax payments on credit. He may be able to afford more, the super rich may be able to afford more, but reality is most high income folks cannot. Afford more. He will break our backs. And then where will he get his revenues from? He’s coming for you next.....